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200 sats \ 4 replies \ @BlokchainB 19 Jun \ on: How to buy non-KYC Bitcoin with a US Postal Money Order bitcoin
I used to do this with bisq but I gave up. Way more hassle than what it was worth for only $50 in sats. Plus a lot of the sellers just sold you their coins from strike or cash app and took the no KYC premium.
I always thought this was a slow way to end up with less sats than someone who KYC’ed. At the end of the day you end up with the privacy bro ends up with less sats by trying to protect themselves from an unforeseen threat that may never materialize.
Not to be critical of early bitcoiners but they should have pushed back harder on making KYC exchanges a thing the but fiat gains became too juicy to the fact that staunch no-KYC’ers like Matt Odell end up investing in a Major KYC exchange like Strike.
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the one good thing about slow-ass mail cash v robosats is that with robo, if you are using revolut, wise etc (which basically all EU sellers are), they might flag a larger transaction and put you through the ringer. who is this from, what is it etc.
i suppose a trad bank could also do the same thing, although at least with them you can call and talk to a human
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kyc is a complex topic
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I always thought this was a slow way to end up with less sats than someone who KYC’ed. At the end of the day the privacy bro ends up with less sats by trying to protect themselves from an unforeseen threat that may never materialize.
Typo
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