Oddbean new post about login | logout Where's the lie though? They're providing you the opportunity to KYC-free sats. Where does this contradict anything BB or BTC sessions has said?
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I might be able to swindle them and lie. They require KYC.
KYC is the process of identity VERIFICATION. Which they do not require in order to complete transactions. Notice where it doesn't say KYC is the process of ASKING for an unverified identity. KYC is the process of VERIFYING the identity. https://image.nostr.build/e98e35bc0f783f595c5c7622da066fc1e0b07d780a2a784133669f5488485522.jpg
Know your customer is all it is. Not some legal verifiable system. Asking to kbow who i am is a no no
Feel free not to use their service then. But for most Canadians this is by far the best way available to stack KYC-free sats.
I do use their service. I love it. I will not accept that they dont require kyc though. Can you lie? Yup. Understand the difference. Truth wins.
Sounds like you should find a better service then. What's that? You still use them? Guess you couldn't find a better option. So what are you even complaining about
I am about the truth. Why cant i love a service but realize people are misrepresenting how it works? See things differently.
Well then why not be honest yourself and state that they "request but don't require" KYC?
And they won't know who you are if you don't tell them. But saying KYC is just "knowing your customer" is absolutely a false statement. While the acronym KYC stands for those three words, there is an enormous legal framework in place that people are referencing when they say KYC.
I never mentioned this legal framework. Only the term KYC. Know your customer. Asking any personal info like name and email is kyc.
The term itself REFERS to the legal framework. Companies aren't implementing KYC because they want to, they're implementing it because they're forced to follow the regulations by government agents. There is no "KYC" without the regulations. Pretending they don't have anything to do with our discussion is the most dishonesty I've seen so far on this topic.
Hey. I hear you. Regardless, BullBitcoin asks for KYC. This is my message to others.
BullBitcoin ASKS for - but doesn't REQUIRE - KYC should be the accurate message. Otherwise you're as wrong as the people who say BB is "KYC free"
They say no kyc required. Yet ask for it. 😅 https://image.nostr.build/be2d9d0c9ac74b89124cfb6ec7c58eedcc06a94e2ef2ddcfd84a8f9ca2e8f84d.jpg
Ask and require are two totally different things. Police can ASK for your ID at any time, but they can only REQUIRE it under specific circumstances. Do you not realize the difference?
Real name and email are required though.
Incorrect. *A* name is required. Are you suggesting that Starbucks is KYC because they ask for - and don't verify - a name in order to get your coffee ?
Look over this image. KYC period. https://image.nostr.build/be2d9d0c9ac74b89124cfb6ec7c58eedcc06a94e2ef2ddcfd84a8f9ca2e8f84d.jpg
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Yeah I've seen it every time you repost it. Like the "over 18" self-reporting, there is no verification - which means a real name is NOT required, despite whatever it says there.
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Were not talking about verification. This is about the asking or requiring of KYC. NOKYC🚫
We're definitely talking about verification, because without verification, they don't "know their customer" Logic fail
Would you go around promoting facebook as a KYC free social media, just because you can fib on the info?
