@BTC_Matters
Separating money and state is the answer.
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Recent Notes
I don’t know who needs to hear this, but if this boomer can stack sats KYC-free on Bisq, so can you. You don’t have to be a doomsday prepper to care about privacy. Here is how I did it:
1-Take $200 cash 💵 to a bitcoin ATM at your seedy local convenience store 🏪(you have to have bitcoin for escrow to complete a Bisq transaction). Yes the ATM fees are outrageous 😥but that doesn’t matter as it’s a one time event.
2-Use one-time text verification service (don’t use your phone ☎️ number) to complete bitcoin ATM transaction and get paper receipt.
https://mobilesms.io
3-Create login on Bisq (secure seed phrase and use a VPN anytime you are on Bisq).
4-Transfer ATM bitcoin into Bisq address (you will no longer need your ATM address) using address details on your ATM receipt. Note: Do NOT transfer bitcoin from a KYC wallet (I.e., Coinbase equivalents) into Bisq as this defeats the whole purpose. Do NOT skip steps 1-2.
5-Choose 1 or 2 payment methods in Bisq and look for offers to sell. I use Strike, but Zelle and other options are available.
6-Look for accept an ‘offer to sell’ at 2-3% premium to spot price. If none exists, make your own ‘offer to buy’ and stay logged into Bisq. You will get a bite within a day or so. Avoid the scammers asking for huge premiums. Max buy order is $1000💰btw.
7-Once you click ‘buy’ on an offer, some of your bitcoin on Bisq will be moved into escrow (normally 20-50% of what you are buying) and you will wait 10 minutes (average) for blockchain confirmation. This is why you have to have KYC-free bitcoin in order to buy KYC-free bitcoin.
8-After blockchain confirmation, Bisq will reveal seller payment address on the payment method you both agreed and you initiate USD payment (via Strike or Zelle, etc). Bisq is not involved in the transaction.
9-Once seller verifies receipt of funds, transaction is complete and escrow returned.
Congrats 🎉 you now own KYC-free bitcoin and can send it to a secure wallet/address of your choosing. Here is what I did:
10-Set up Sparrow wallet (and Tor browser..in addition to your VPN) on your computer. You will want a hot wallet (where you can send bitcoin directly from Bisq) and a 2 of 3 multisig cold wallet (I use airgapped coldcard devices) assuming you plan to store meaningful value over time.
https://youtu.be/qJ_SpQX_
If I can do it, anybody can do it. Good luck plebs and pura vida. Feedback and/or improvements welcome!
https://bitcoinmagazine.com/guides/best-p2p-decentralised-exchanges
1-Take $200 cash 💵 to a bitcoin ATM at your seedy local convenience store 🏪(you have to have bitcoin for escrow to complete a Bisq transaction). Yes the ATM fees are outrageous 😥but that doesn’t matter as it’s a one time event.
2-Use one-time text verification service (don’t use your phone ☎️ number) to complete bitcoin ATM transaction and get paper receipt.
https://mobilesms.io
3-Create login on Bisq (secure seed phrase and use a VPN anytime you are on Bisq).
4-Transfer ATM bitcoin into Bisq address (you will no longer need your ATM address) using address details on your ATM receipt. Note: Do NOT transfer bitcoin from a KYC wallet (I.e., Coinbase equivalents) into Bisq as this defeats the whole purpose. Do NOT skip steps 1-2.
5-Choose 1 or 2 payment methods in Bisq and look for offers to sell. I use Strike, but Zelle and other options are available.
6-Look for accept an ‘offer to sell’ at 2-3% premium to spot price. If none exists, make your own ‘offer to buy’ and stay logged into Bisq. You will get a bite within a day or so. Avoid the scammers asking for huge premiums. Max buy order is $1000💰btw.
7-Once you click ‘buy’ on an offer, some of your bitcoin on Bisq will be moved into escrow (normally 20-50% of what you are buying) and you will wait 10 minutes (average) for blockchain confirmation. This is why you have to have KYC-free bitcoin in order to buy KYC-free bitcoin.
8-After blockchain confirmation, Bisq will reveal seller payment address on the payment method you both agreed and you initiate USD payment (via Strike or Zelle, etc). Bisq is not involved in the transaction.
9-Once seller verifies receipt of funds, transaction is complete and escrow returned.
Congrats 🎉 you now own KYC-free bitcoin and can send it to a secure wallet/address of your choosing. Here is what I did:
10-Set up Sparrow wallet (and Tor browser..in addition to your VPN) on your computer. You will want a hot wallet (where you can send bitcoin directly from Bisq) and a 2 of 3 multisig cold wallet (I use airgapped coldcard devices) assuming you plan to store meaningful value over time.
https://youtu.be/qJ_SpQX_
If I can do it, anybody can do it. Good luck plebs and pura vida. Feedback and/or improvements welcome!
https://bitcoinmagazine.com/guides/best-p2p-decentralised-exchanges
9. Most criticisms of Bitcoin are based on political bias, technological ignorance, or a fear of having one’s privileged fiat position undermined, but the most distressing shortcoming of the naysaye...
10. Bitcoin has the potential to be the most powerful, valuable digital network in history because it brings opportunity to billions; therefore, embracing bitcoin might just be less risky and more ethical than ignoring it. 10/10
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8. The game theory of Bitcoin adoption is driven by rational self-interest for both individuals and nations, where the big winners will be the billions that have been financially oppressed by their go...
9. Most criticisms of Bitcoin are based on political bias, technological ignorance, or a fear of having one’s privileged fiat position undermined, but the most distressing shortcoming of the naysayers is
their inability to offer any viable alternative whatsoever to solving the systemic injustices that causes billions of people to be left behind in the fiat monetary system. 9/10
their inability to offer any viable alternative whatsoever to solving the systemic injustices that causes billions of people to be left behind in the fiat monetary system. 9/10
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7. While fire, metallurgy, and mining gave us gold, the internet, encryption, and computing power have given us Bitcoin, which has the most superior monetary attributes of any money in history. It is ...
8. The game theory of Bitcoin adoption is driven by rational self-interest for both individuals and nations, where the big winners will be the billions that have been financially oppressed by their government’s abuse of the fiat system, and the losers will be the small group of elites that have disproportionately benefitted through positions of influence at its epicenter. 8/10
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THANKFULLY BITCOIN IS A MORE THAN JUST A BETTER MONEY
6. Money is a technology to facilitate trade, and humans adopt new money based on changes in technology resulting in an object with even better m...
7. While fire, metallurgy, and mining gave us gold, the internet, encryption, and computing power have given us Bitcoin, which has the most superior monetary attributes of any money in history. It is also decentralized, permissionless and highly resistant to censorship - conferring not only purchasing power increases and banking to its users, but also replacing the poverty and bondage inherent to the fiat system with property rights, self-sovereignty, and freedom. 7/10
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5. Modern digital technologies and networks have given governments new tools to surveil, control and punish dissenters, and this will increase as money becomes more centralized and digital through the...
THANKFULLY BITCOIN IS A MORE THAN JUST A BETTER MONEY
6. Money is a technology to facilitate trade, and humans adopt new money based on changes in technology resulting in an object with even better monetary attributes relating to durability, portability, verifiability, scarcity, divisibility, and storability. The free market adoption of the asset as money is due to its monetary attributes alone, not the intrinsic value of the asset itself. 6/10
6. Money is a technology to facilitate trade, and humans adopt new money based on changes in technology resulting in an object with even better monetary attributes relating to durability, portability, verifiability, scarcity, divisibility, and storability. The free market adoption of the asset as money is due to its monetary attributes alone, not the intrinsic value of the asset itself. 6/10
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4. Inflationary conditions are also correlated with a lack of freedom and property rights around the world, as governments constantly abuse the unchecked power granted to them by their monopolistic ab...
5. Modern digital technologies and networks have given governments new tools to surveil, control and punish dissenters, and this will increase as money becomes more centralized and digital through the introduction of Central Bank Digital Currencies (CBDCs) and the elimination of cash. 5/10
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3. Elites can escape these intentional devaluations through their privileged access to sophisticated financial investments and private property rights, but most people are forced to hold savings in de...
4. Inflationary conditions are also correlated with a lack of freedom and property rights around the world, as governments constantly abuse the unchecked power granted to them by their monopolistic ability to print new ‘money’ at zero cost. 4/10
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2. The uncomfortable truth is that every fiat currency in the history of the world has failed – either through catastrophic hyperinflation or slow-motion devaluation over time relative to real, scar...
3. Elites can escape these intentional devaluations through their privileged access to sophisticated financial investments and private property rights, but most people are forced to hold savings in deteriorating currencies - producing systematic injustices and unsustainable wealth concentrations. 3/10
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