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0 sats \ 1 reply \ @siggy47 28 Jan \ on: Critiques of "Non-Kyc" Bitcoin bitcoin
I agree with your points, but there aren't a ton of good options. I have been posting about this:
Actual Non-Kyc transactions would involve things like... gift cards that are purchased with Cash or actual "Cash transactions", completely offline, where no identities are provided in busy public places using other tradecraft or privacy-preserving techniques.
Amazon seems to be the most desirable card, at least on robosats. There is a distinction, though, between physical gift cards you buy with cash (the method that makes the most sense) and the e-cards, which again introduces at least privacy issues. The physical card bought with cash in the store isn't foolproof either:
not the paper vouchers that contain a visible code, and that you can buy at shops for cash. We understand the latter are more private because there is no name attached to the payment, but they also come with risks, namely:
no payment proof: the seller can claim the code was already spent on receipt, and neither the buyer nor the mediator have any means to ascertain either way illicit origin: code vouchers could be obtained through scams, and the recipient account could get the balance erased as a result, and his Amazon account banned For these reasons, Bisq only allows for eGift cards.
For these reasons Bisq only permits e-cards. Robosats allows you to use either, or whatever the hell else you feel like using.
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41 sats \ 0 replies \ @028559d218 OP 28 Jan
Thank you for your response.
I think the point I'm trying to make is that as Bitcoin grows and matures we need to honestly assess it's usability under adverse scenarios... by a whole bunch of different users.
If 'gift cards' for Amazon is like the best/most private thing going on with Robosats... then we need to innovate.
My understanding is that they're region-locked to begin with, possibly to certain countries (like Germany instead of the entire EU) and let's be honest... it's not as good as having actual cash.
There may be other... markets where such gift cards could be exchanged but then it takes even more education to access them and use them.
In serious 'adversial' environments, for example for journalists in the Middle East or Eastern Europe (or even in the United States in some cases) Bitcoin is too hard to use privately unless people really want to study it.
The journalist or pro-democracy advocate doesn't want to have to become a Bitcoin 'expert' just to use private non-state money - they want to be the journalists or advocate or writer or whatever and have technology that's easy to use... that they can then turn into real goods and services so they can go about their advocacy privately.
Signal did this with the cell phone. VPNs have helped. Encrypted email has helped. We need to 'killer app' for Bitcoin that doesn't require running a full node too.
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