Oddbean new post about | logout
▲ ▼
Cykros | 23 days ago (raw) | root | parent | reply | flag +1 
 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?
▲ ▼
Jacob | Five Eye Tea | 23 days ago (raw) | root | parent | reply | flag 
 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.