Oddbean new post about login | logout If they are in the BTC space and they aren't actively fighting against KYC, they deserve very little respect since their complicity with all horrendous and infringing governments is why billions of people are at risk for having their liberty, what little is left, destroyed by the incoming minting of programmable money. Alby has no excuse. They have to know what they are doing is anathema to the purpose of BTC if that's what they are going to pursue. 😐
I just signed up with them last night to set up a wallet via Alby Hub. All I provided was my e-mail address, and then I linked my Nostr account. There was no other KYC aspects (unless I am ignorant of what the term really means, in which case just let me know). The membership does of course have a monthly fee and I think that's where they are going to be getting their income from. As far as setting up the Lightning node/channel (I'm still learning this part), I had to pay to do that initial setup but it didn't seem excessive to me, and now it's working great and I can send and receive and have a nice interface to manage it all from. Just wanted to try to give my perspective as someone brand new to Nostr and Lightning. So far Alby's process has made everything the most straightforward for me out of other options I've seen.
That's fine. But... If it comes down to it, I'm just gonna stop using lighting. I refuse to use services that embrace the nonsense that the state had the right to know everything that you do financially. In still a few steps away from never needing a bank, but... I'm going to get there. KYC is the death of all freedom. All. ALL.
I agree with you. It's a safe assumption that they will not find any method or have the capability to manipulate Bitcoin. Therefore, they can only ever manipulate L2 technologies. This is also why I don't plan on owning any alt coins ever for any serious reason. There's always a human in the loop. I'm still new to all this and actively learning... but so far Lightning does make sense to me to make transactions faster and more efficient. However, if it becomes compromised to that same level you describe, with the state wanting to know everything you do financially, would there be any reason to keep using it? Does it provide something to Bitcoin that's crucial enough that people wouldn't seek a more secure alternative with more privacy?
Options and futures on Bitcoin will be the manipulation of choice. Just like gold, silver and all other commodities.
did you ever look at our GitHub and the code and the work that is there?
No. And I never will. I'm not a coder. I detest github.
I don't expect you to be a coder, but how can you make such comments when you don't even look at what's going on?
KYC is gross. Period. That's it. End of discussion. I don't need to know anything about the code or the work you have done if it's all leading to funneling more people into KYC channels reducing their liberty. Nothing else needs to be known! Disgusting. 😡
my point is there is no KYC, there is open source software under an open license that you can use and run and do whatever you want with it. don't trust; verify. but you don't want to look but rather spread some lies there. or show me what you're talking about.
Are you going to have to KYC people for paid services? Yes. My point still stands. I don't have time or inclination to GAF past that. Open source doesn't mean squat if you are part of an oppressive system. So, how am I lying? Is ANYTHING I said untrue? Are you, as a company, going to start having to comply with KYC laws? If the answer is yes, at any point in the future... YOU ARE WRONG. And I won't have anything to do with anything alby ever again. Besides, I'm literally one idiot on the internet. You really should just be ignoring me, but, I seem to have struck a nerve and here we are. You are arguing with an idiot. That looks great for you, doesn't it? 🙄
yes, you're wrong and you seem to not want to know and understand what we're doing or offering. but it seems a decent conversation is not possible here. that's fine if you think you know better.
Nope. I don't. I still don't see how I'm wrong. It doesn't matter since I'll not be using anything alby related as soon as I can figure out how to delete the account I do have.
we provide and build software for which we provide services. Our goal is to put the user in control and can run everything. And we charge for value added services. it's simple actually. If you don't value the work, then don't use it. But spreading FUD and lies on something that you seem to not know and understand is disappointing here on nostr.
if it means anything, i've seen this guy and he has a lot of followers but not a lot of sense popularity especially in the context of stupid engagement based trending algorithms like primal uses leads to amplification of teh most outrageous and stupid so, my advice is, ignore him for now, and maybe later you remove his ignore and he's got bored with fudding your work
Tons of good and sovereign tools with a “pay for more” model for sustainability. I’ll wait to see how it shakes out. Sounds like I’ll be able to self host an Alby Hub someday, and as long as no KYC is required for base usage, I’m good.
yeah, i'm down to run one of these things too, not confident about phoenix/acinq, breeze/lsp, or mutiny or... i even forget what is the other thing? zeyus? 🤣 none of them are good enough for me to shift from custodial i literally don't have the time to waste on beta testing the work of betas, i'm gonna hold until i see more evidence about this alby hub but i like the sound of it already, because it hasn't been hyped and the devs have been slaving away humbly for at least 6 months on this lightning is still very immature, and i'm a dev on nostr, so i can assure you, that if i don't know the protocol inside out it's still in alpha
you can for example get a <$50 device and put it in your closet it will work perfectly fine.
That’s pretty cool. I keep a few mini pc’s, a couple of raspberry pi’s, and have a couple of dedicated servers with Hetzner, so between it all, I’m going to find a place to try it when y’all say it’s ready. I’ve been with Alby since joining nostr - so I figure ya’ll have earned a bit of faith.
Pfft. You must not get around much. There's plenty of BS on nostr, it's just higher level BS than other corners of the internet. Cool. That's a good goal. I hope you can stick with that in the long run. I hope I'm wrong, but, I'll likely never know.
Revisiting this: As it stands, there is no KYC required to use alby using your free tier or your paid service. Correct? Please explain how you can stay out of thr crosshairs of big bag brother when you are going to accept payment for services via lightning. I'm assuming that alby is now a corporation of some sort, and thusly required to file tax info. How will you not be forced into complying with KYC requirements if you wish to operate in the US or EU without getting rugged like what has recently happened with Samurai? How do you plan to stay out of prison? How do you plan to handle requests for customer identifying information and transaction histories?
We are small team of 10 people. We will not lobby US or EU to change the law, you either do KYC or go self-custodial. We chose the second path. We also do not want to hold anyones funds, regardless of the law.