Oddbean new post about login | logout To all of the people that are comfortable using KYC exchanges who tell me to just buy and not worry about it, THIS is why I refuse to use them. THIS is what keeps me from being able to buy #Bitcoin. https://x.com/stealthmole_int/status/1850850635769647234
Hi Connect to me via SimpleX Chat https://simplex.chat/contact#/?v=2-7&smp=smp%3A%2F%2FZKe4uxF4Z_aLJJOEsC-Y6hSkXgQS5-oc442JQGkyP8M%3D%40smp17.simplex.im%2FGURI7tP4afExB-87ZpAQViqh3dnT87ia%23%2F%3Fv%3D1-3%26dh%3DMCowBQYDK2VuAyEAT8NmXPElFRftWJE-Y9p4joK98e-kk6dV0tJNN0frDjM%253D%26srv%3Dogtwfxyi3h2h5weftjjpjmxclhb5ugufa5rcyrmg7j4xlch7qsr5nuqd.onion
Afraid you have bad timing in this instance, I just stopped using SimpleX. Besides, why move to a different platform to discuss? That tends to only be encouraged in scams and whatnot.
Not sure how you get from 'I won't use KYC exchanges' to 'I can't buy Bitcoin.' Heard of Bisq? It's p2p kyc-free with a multisig escrow system for handling security/disputes.
Tried non-KYC methods as well, they just don't work unless you're able to exchange like $150 and able to afford the risk. I've tried just about every single method of obtaining it and they always fell apart for one reason or another. I'm planning to try Bisq a second time to see if I have better luck, but I haven't gotten around to it and frankly, I'm in no rush. Every time I try a new method and it inevitably falls through, I get more frustrated and angry with the whole process, and I don't particularly want to deal with that again, especially right now where I have a lot of stress and things on my mind.
Ahh, for super small amounts I do imagine the friction to be a bit more of an issue to move from fiat. I've been stacking with apps like ZBD, Ember, and sMiles so have accumulated 230,000 or so sats that way without any real KYC, but they're ad/survey/loyalty apps that aren't always the most pleasant in design. Haven't tried a BTC atm yet, hopeful about some of those but not holding my breath. Could always just try a Bitcoin meetup?
Yeah, that's the problem for me. I'm new to this space, so not only would I not want to invest too much into it right away because of that, but I also just can't afford to risk that kind of money right now. Plus, even if I could afford to risk it, that's a lot of money to risk on things like cash by mail. Why would I do that just to get a little bit of Bitcoin? As for the ATMs, I've already looked into those. The only ones near me charge a 20% surcharge, which is not acceptable. Losing $10 on an attempt to acquire $50 worth of Bitcoin is absolutely absurd. And as for meetups, I live in a rural small town with an older population that I would be willing to bet probably doesn't even know what Bitcoin is. The likelihood of finding any sorts of meetups is pretty low without going quite a distance and if I'm just buying a small amount, it doesn't exactly make it worth it for me. To be 100% clear, though, I do support the technology and see it as a way to take back some sovereignty. I just don't see any viable way to actually get into this space without bowing to the KYC crap or bending over backwards to use completely impractical non-KYC methods. It sucks, too, because I would really like to give it a try. It's just not something I can do at this point in time. What really annoys me are the ones that basically attack me for this, and claim that I just want to stay in the fiat system, as if I actually have options.
Make sure to read bisq.wiki and learn the ropes plus memorize the trading rules, the experience should be downhill from there.
The technicality of it makes sense to me, but I'll research it a bit more if I decide to try it again. I'm not exactly in a rush, considering how every other attempt I've made at this sort of thing has been a miserable failure