Damus
L0la L33tz profile picture
L0la L33tz
@L0laL33tz
Another day, another exchange I am suspended from.

All of my funds are conjoined or swapped between LN/XMR for privacy before sending to exchanges, triggering all sorts of nonsense AML flags.

The exchange I am with now is requesting proof of funds, meaning it wants to see fiat coming into my bank account from an entity I have a business relationship with, asking me to "kindly assist them" in surveilling me.

Except that all of my business relationships are handled in bitcoin – meaning that it is impossible for me to show proof of fiat funds.

Alternatively, the exchange says, I could send them “the address” to which I received payment in the last year, matching the amount of money I have exchanged on their platform.

Obviously no such address exists as I create a new address for each transaction (and so should you). Additionally, much of my money comes in through donations, for which I simply do not have an invoice.

I could now send them every single zap I ever received on nostr in the past year – for context, that would be over 250 zaps in the past week alone, s/o to all the zappers – or I could move my business to Switzerland, where I can exchange up to 1000 CHF per day KYC-free (for now), which is what I’m going to do.

However, since I’ll be more heavily relying on peer-to-peer exchanges from now on, I’ll likely have my bank account flagged for receiving weekly payments from randos on the internet, making it fairly foreseeable that I’ll be losing my bank account in the coming months as well.

Fundamental rights violations aside, the amount of complete nonsense work – and with that costs – this system creates both for the Government and private institutions is absolutely astonishing. If there ever was a true bullshit job, compliance officer would no doubt be it.

It’s time we end the global discrimination complex inherent to the financial system in which we are all guilty until proven innocent, only to upkeep an inefficient system that is useless in preventing crime but formidable for imposing mass surveillance on the people.

So no, I will not "kindly assist you" in surveilling me, and if I die on this hill.

Until then, shill me your favorite tools to pay my bills in bitcoin 👇

11635❤️55🤙16❤️8🫂5🔥4👀2
satskew · 71w
much respect and admiration for what you are doing
1337Haise · 71w
Look into robosats and BISQ
Camilo · 71w
More bitcoin services would fix that. Your only obstacle seems to be that you are hiring services that are paid only in fiat.
Camilo · 71w
Have you looked into @lnp2pbot on Telegram. Made by nostr:nprofile1qqsqqqqqqqr99ezjae52qyv8lvyv3x2fdj6xedgar2sgq0gx8t8dhfcpzamhxue69uhhyetvv9ujuurjd9kkzmpwdejhgtcpyfmhxw309ahx7um5wf4xztttv9exjttgw368qtngv4nh2un09e3k7mf0qyfhwumn8ghj7ur4wfcxcetsv9njuetn9u430ypy
TeslaLiberty · 71w
Can you use Bisq (p2p exchange) to convert some btc in fiat and then pay your bills ?
calvadev⚡️ · 71w
Strike has been workong great for me, but obviously it's another KYC/custodial solution.
jgbtc · 71w
As long as n exchange is involved we are shackled to the fiat system and can expect this type of nonsense. I dream of the day when exchanges are no longer needed.
Coincards.com · 71w
We can't help with your rent or bills, but could help with Groceries, Gas, Clothing etc through gift cards. Feel free to reach out if you have any questions. Big fans of your work! 🧡
Hypno Kitty · 71w
Sigh. This is an example of white listed versus grey listed bitcoin where we have to pay a premium to sell joined/mixed/flagged utxos by having to sell on P2P exchanges at a discount. A threat to the fungibility of bitcoin.
Therefore Go · 71w
Last I checked you could get gift cards without KYCing here: https://thebitcoincompany.com/
Expatriotic · 71w
KYCnot.me has a lot of resources. As for bill pay, depends on country you're in... I just had a similar scare this morning with Wise asking me for some proof of something. I've not had much issue since I have a normie job which let's me file normie taxes which gets Wise the documents they say they...
Flix · 71w
Have you tried Bisq or Robosats?
Max · 71w
Pro tip: cancel your bank account before they can cancel yours. It's a very liberating feeling. Shopinbit.com concierge agents can get you literally anything for bitcoin, lightning and monero accepted too.,
omniacollective · 71w
https://electronicintifada.net/content/switzerland-deports-eis-ali-abunimah/50337
nostrich · 71w
I appreciate your integrity as you have repeatedly attempted to inform and warn the community of this very thing. Sadly I don’t have an answer to your very important and specific need here and frankly, the majority(all) of the recommendations thus far mentioned are both telling and somewhat depres...
Momo · 71w
It’s a shitshow really! I think if you send the funds to your Phoenix lightning wallet and then from there to the exchange, again using lightning, they wouldn’t notice the coinjoin. I’m thinking sending the money to Wallet of Satoshi is not first before sending it to Phoenix is not a terrible ...
renato · 71w
self-custody for your sats and Bitrefill for your bills 🧘‍♂️
Cryptlex · 71w
A criminal unless proven otherwise. It's funny, because the criminals probably know the rules just as well as the rule makers. It's the regular people that have to burden the cost of this silly game.
SwapMarket · 71w
This is really getting out of hand. A month ago one large exchange asked me to prove the origin of my BTC. I sent them a statement from a global bank where I bought 1 BTC just for such an occasion. But then, the exchange asked me to prove the source of funds in that bank account! So they don't trust...
Legion XXI · 71w
I haven’t tried it and they seem to be doing a lot of shitcoinery too but I heard about this service called ka.app that allows converting BTC to fiat and viceversa.
negrunch · 70w
why you use exchanges? non-kyc p2p is the way we should push
piramida · 70w
you can p2p into usdt and then sell that through exchange. kind of like a proxy between real money and kyc dictatorship money. but in general, until bitcoin is accepted directly, we will have to deal with this bs, and find workarounds which exist in every situation. having one kyc'ed address with ...
NOSTRPUNK · 70w
KYC is a government enforced social engineering de-anonymization attack. Act accordingly.