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 👇

5135❤️55🤙16❤️7🫂5🔥4👀2
Felix · 61w
Local community banks work best with p2p exchanges, in case they flag your account you can go there and talk to real people in person.
₿lockchainYog丰 · 61w
Dang I just zapped you. It may trigger a red flag Smh 🤦🏾‍♂️ We must continue forward
a1denvalu3 · 61w
did they withhold your funds or did they simply reject them and send them back to you? because if they withhold then that's a KYC shotgun
Alan Siefert · 61w
They’re trying to close the gates.
Zaikaboy · 61w
Have you considered P2P selling? If you pay for everything on a credit card, sell btc to a pleb who pays into your credit card account. A bit of a FAFF but doable. There is also bitrefill and the Bitcoin company. You can buy gift vouchers to buy stuff, uber, amazon etc... You probably know this. Kee...
Mynymbox - Privacy friendly hosting solutions · 61w
Bitrefill, Coincards for some gift cards and normie stuff. I also use The Bitcoin Company for their pre paid Visa cards. Not the best tbh but you can use them with some normie stuff like ChatGPT and Kagi top ups. Also TrocadorApp and Stealth pre paid cards are good.
Active Peanut Butter Express · 61w
Not to pay bills, but to buy goods and services in crypto. You just need an email, any email: https://www.coinsbee.com/en/ Not sure if it helps you, but a friend told me it works great. Check it out
Deleted Account · 61w
Living Room of Satoshi is the OG down under 🦘 https://www.livingroomofsatoshi.com/ They have great stats on their website to peak at as well.
Kyle-GolfProCoach · 61w
Ligthningpay.nz has a bill pay feature for NZD. Not sure about other currencies. Similar to strike app
Ron Miel · 61w
Double check your 1000 CHF limit before you make a move to Switzerland. Last week I got a mail from my swiss nokyc-sat-dealer where it says that from now on the limit is 999 CHF for all payments within a rolling 30-day period. Which effectively means 999 CHF per month and not per day anymore. At lea...
It's Moro! · 61w
se your sats on robosats, have people send you cash via zelle, strike, cashapp.
omniacollective · 61w
https://electronicintifada.net/content/switzerland-deports-eis-ali-abunimah/50337
Momo · 61w
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 ...
renatoenfisema · 61w
self-custody for your sats and Bitrefill for your bills 🧘‍♂️
Cryptlex · 61w
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 · 61w
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 · 61w
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 · 61w
why you use exchanges? non-kyc p2p is the way we should push
piramida · 61w
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 · 60w
KYC is a government enforced social engineering de-anonymization attack. Act accordingly.