Oddbean

My fear is if my government becomes even more tyrannical once it's fiat begins to collapse and then starts going after bitcoiners who bought KYC to "bolster" the national reserve. In Lebanon and Argentina they basically stole people's dollars. I like kyc because it's cheaper and more convenient but I think dark times might be ahead of us and I'd prefer to reduce the chance of governments knowing about my stack.

I've thought about that, but for starters they'll know how much you have bought, then it's just a matter of how evil and desperate they are. In Solzhenitsyn's book, Gulag Archipelago, they would interrogate supected "wealthy" people without knowing their actual net worth but they'd have their ways of getting lots of people to crack. From what I read, if the torture/fear is too much and you'd rather hand over your wealth, best to not give a large amount (relative to what they think you have) early on, otherwise they might think it was too easy and that you could be hiding more. But it's definitely nice to know that they can never steal your btc even if they kill you, a nice big old F U.

Am I being paranoid, or at what point on the autistic spectrum am I? nostr:nevent1qqsq7pw8dc9kjwua6jtm0kmux02shvu7gxwr9sryvp49sua5yqxkeuqprpmhxue69uhkummnw3ezuendwsh8w6t69e3xj730qgsxknkf3upwv3lqz3qtguammy48lt3puqdk4fkxtcedh99rvzfzwtsrqsqqqqqp4chfkt

Its a hard thing to navigate. nostr:nprofile1qqs0nt9skq6vfsgh06v979rrnuchau87mmnk2lqxpv2xaeusqfp30mqpzamhxue69uhky6t5vdhkjmn9wgh8xmmrd9skctcpzemhxue69uhk2er9dchxummnw3ezumrpdejz7qgwwaehxw309ahx7uewd3hkctc9ad278 really gave me a new perspective on this. On one hand try your best to buy Non-KYC, but also the government only really cares about when you exchange back to fiat. Fiat is their money, they can tell you how and when use it. Bitcoin is your money, tell them to fuck off. Burn the boats, never go back! https://darthcoin.substack.com/p/newbie-bitcoin-is-hard-to-obtain

I don't stress too much, but I do question my ability to know when it's time to move. Sometimes people feel overconfident or smart enough to know when that time will come, yet when covid hit all over the world, most people sat in place. Also, not everyone has it as easy to move around, as an MD from Mexico, I can't immediately find work in some other country and my stack isn't big enough to live care free. That's why I'm trying to make a living online, but that still needs some time.

I understand you 100%. I am not an MD but I also don’t have a big stack. I left my home country when I was in my early 20s because I hate communism and I knew I couldn’t change it by staying. Now I have kids so it is much harder to move but I have set my mind. I will never be a slave of the system again. I am willing to go down to a low paying job if that’s what it takes. I was about to leave during covid where I live now but we decided not to comply and to stay with the high paying job to keep stacking. So far it is working out. We also sold our home and put all the equity in Bitcoin. Renting now. Lots of extra work but I hope it will pay off. You are a very smart man and very knowledgeable. Don’t forget that no one can take that from you. We struggled too about the KYC stuff at the begging but decided we cannot risk going to jail if we lie on our taxes. So we rather move if we have to. But that’s just us. I feel we all go through this process at least once in our Bitcoin journey. You are in Nostr and buying Bitcoin you are already winning 🫡

Thanks for sharing your story, it's always nice to hear/read about things like this, everyone has their own personal battles. I'm just glad to be part of a movement that loves freedom and understands that it doesn't come free. Nonetheless I'm sure things will work out in the end.

We feel the same I recommend to watch this video if you haven’t yet. It talks about KYC and how it isn’t that easy to track. It is from Mathew Kratter’s Bitcoin University. “Can you track people sending Bitcoin?” https://youtu.be/diDqOru6LMA?si=44s0GPp7qjGvdsfl