Damus
El Gorila 🇦🇷 profile picture
El Gorila 🇦🇷
@agustinkassis
KYC can be as risky as not having self-custody (custodial wallet, cashu, Fedi, liquid, etc)

If they know how much you own and want some of it, they can use all the state power against you, the same way they do it with taxes today.

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Ape Mithrandir · 51w
In some cases where the state is very aggressive KYC Bitcoin is definitely as bad as custodial Bitcoin. The only caveat would be that KYC-free custodial Bitcoin doesn't really exist (if you think it does then I have a Bridge to sell you), so it is a bit of a false dichotomy. So Custodial is the wor...
v4ngeli0n · 51w
What confuses me is say you want to make a big sale of Bitcoin in the future to sell a small percentage of your stack for something that will directly benefit you in real life (car, house, etc.) Then how would the Bitcoin be utilized? If it’s non KYC that’s great, but where’s the utility in it...
hueso · 51w
ecash mints don't know how much you own tho
Micael · 50w
I think you are comparing apples with pears. I am not a KYC fan but owning your money is obviously more important than hiding the government the fact that you own it. Don’t get me wrong, I believe private property and privacy are both fundamental human rights. And we should work on having tools ...