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45 sats \ 13 replies \ @sommerfeld 28 Sep 2022 \ on: Daily discussion thread
I have to say I really like the idea behind Peach, amazing way to stack sats p2p.
I can only wish there was more liquidity.
The issue with these bitcoin p2p exchanges are that it's users are usually hardcore bitcoiners already and don't want to sell their sats without a premium.
I could add that those that are selling their BTC for fiat ate NOT hardcore bitcoiners, but m,ore opportunists that want to stay in the fiat world.
I understand your frustration that is hard to obtain some sats. Coming late to Bitcoin always have a price and this price will be more and more higher.
Bitcoin have ONLY one price: the price that get in and you never go back to fiat.
Start earning sats not buying them. Is the best way to get it:
- Demand to be paid in BTC (no matter youj are a freelancer or employed)
- sell stuff for BTC, build a website and sell product and services
- do tasks for BTC, write code for BTC
- you can use Bitwage.com to receive your wage straight into your BTC wallet (can be for freelance work or employed)
- find a bitcoiner friend that need to pay his regular bills with fiat. Pay for him the bills and he can gave you sats in exhange.
There are many ways to get sats.
https://darthcoin.substack.com/p/who-is-a-bitcoiner
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Directly earning sats is definitely and end goal in the long term.
Unfortunately, right now I have a child, bills to pay and other responsibilities that force me to keep working on the fiat mines.
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No one came late to bitcoin, some simply came earlier than others.
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P2P is definitely a niche market. Where there are no centralized exchanges (e.g., countries where bitcoin is banned or centralized exchanges cannot use the national banking network) P2P volume shows impressive volumes, but where P2P is competing with centralized exchanges, there are just too few who value KYC-Free bitcoin.
It will be interesting though ... as some exchanges start trying to comply with travel rule requirements, and other various frictions added, P2P volumes could pick up, and dramatically.
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That makes sense.
Friction and KYC will definitely increase in the future.
P2p is not necessarily non-KYC if you pay using a KYC method such as a bank account. But it makes it a "distributed" KYC in which every peer can potentially know who they traded with but there is no central power that easily knows everything.
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Please keep in mind that Peach isn't Open Source, is centralised, hasn't Tor support.
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Bisq and robosats already fill that use case.
The value proposition of peach to me is the safety of a centralized trusted escrow and the potential higher liquidity while remaining p2p.
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Thats true but for me is Peach not an option because not anon.
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Anon enough to escape the Tax Man.
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What is Peach?
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peachbutcoin.com
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Typo: peachbitcoin.com
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I kind of want to label this spam because instead of answering my question you give me the url for their website. Your original comment assumes people know about Peach. If you explained it here, or better would have been to begin with, then I wouldn't have to ask. Obviously I can google it if I really wanted to know what Peach is.
Pardon my snark, I haven't had any coffee yet.
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