About KYC.
From the standpoint of companies, KYC makes a lot of sense. They don't want to accept money that is (potentially) stolen, linked to money laundering by criminals, terrorism or other bad source of origin.
Plus, their owners are under direct or indirect threat of getting sued or having to serve jail time for not applying KYC.
From the standpoint of consumers however, KYC can be perceived as a disproportional measure- even a psychological humiliation ritual -, designed by bureaucrats, to attack the human right to transact freely and preserve privacy.
KYC policies can also be perceived as inherent evil. Because it is reversing the burden of proof, it intentionally makes everyone a criminal by default, unless one can proof otherwise.
KYC actively attacks human rights activists and whistle blowers from receiving funds so they can fight legal battles or survive when states go rogue.
Reality is, only 1-3% of global trade is linked to crime or money laundering, and in many cases it can directly or indirectly linked to corrupt states.
So, this leaves a sobering reality, that 97% of the global population must suffer, because of a few bad actors. This is in direct attack with the proportionality principle.
Why are we still pretending KYC protects consumers or that it is good practice?
KYC stifles innovation, it hinders the speed in which humans can transact.
KYC is based on fear instead of trust. Its even a business model.
KYC is anti human.
From the standpoint of the state, KYC makes totally sense. Because most states embraced the control system, instead of principles of a free society.
1984 bites, many business owners, including myself, are internally conflicted.
At the same time, nobody really seams to really care.
Problem is, all roads from KYC lead to tyranny because everyone can be controlled.
Fuck.
Good morning by the way.
The most balancing of power will happen through Bitcoin and NOSTR, not politics.
But It's still early days, a generation all shift takes some time.
https://i.nostr.build/F63HKk6v0zT6pgGn.jpg
Good morning, how are you nostriches doing?
I've been working long hours this week for Deadalus, exciting times ahead.
Time for a short break with the fam now.
Have a great weekend!
https://i.nostr.build/so54g12qQTQ9Tc1m.jpg
I don't trust banks, so I Bitcoin
I don't care about politics, so I Bitcoin
I don't trust X, so I NOSTR
I don't care about followers, so I NOSTR
I do trust is my node, because I can verify.
I do trust my local bitcoin friends, because they have morals
I do trust my circle of trust, because it's natural selection
I do care about is freedom, sovereignty and personal responsibility because
I do care about believing in human progress
I do care about sharing my wisdom
I do care about investing in good people
I do care about is listening
I trust, care and believe more every day.
Keep building brothas and sistas
Another significant election will be taking place in May 2025.
In a small and beautiful south american country called Suriname.
In only a few weeks time, already 225 bitcoiners voted to support nostr:nprofile1qqsth5k6rwr35mhxmtfplrcgxmalpkezyjltmeqpj7u8x00wr87xynspr4mhxue69uhkummnw3ez6ur4vgh8wetvd3hhyer9wghxuet5qyxhwumn8ghj7mn0wvhxcmmvqy28wumn8ghj7un9d3shjtnyv9kh2uewd9hsvty5nd with their own, hard earned bitcoin:
70,492,944 sats and counting.
A country with a very young population, with an abundance of natural resources will adopt a FULL bitcoin standard.
History in the making!
https://geyser.fund/project/maya2025/https://i.nostr.build/gdZH8VLEE1FSbRIc.jpg
Every country deserves a single issue Bitcoin-only party with one goal: to drive Bitcoin and Nostr adoption.
Question is, which country will move first.
Guillotine: a card game the resolves around beheadings of the royals during the French revolution.
Would be cool if a bitcoiner created a special 2024 edition, to replace them with central bankers lol https://i.nostr.build/o3FXw8gixyAhCfeh.jpg
My life is perfect!!
nostr:nevent1qqsqkqtgzu5w20z52uz9fuzzygux7hmaplugfjvexe8y8rw3cn4derspz9mhxue69uhkummnw3ezuamfdejj7q3qujm8l8mupgwvu8pye2ged78pg3huectlmm6at66x5wffgvl2fkgsxpqqqqqqzvmgz6y
Fiat money is like comfort food.
It's designed to give us an initial blood sugar high.
Instant gratification.
And then it drains us.
Physically, mentally and spiritually.
Keeping us hooked, trapped, like weak, sick, dumb addicts.
And then there is the orange bright light of the bitcoin network, restoring unity, truth and balance.
Like a force of nature, healing the human spirit.
I don't care if that sounds cultish.
It is verifiably a force for good.
Godspeed, friends.
I think you're asking the right questions, nostr:nprofile1qqst2yn6pr8nxctzwjqq5su83qdflx8qfwwrwytwjt09y5zfsc6uggspypmhxue69uhhyetvv9ujumn0v3jhyatwdejhyuewdejhgam0wf4j7qgmwaehxw309ahx7um5wgh8xct5dphkzunyv4ezucm0d5hszymhwden5te0danxvcmgv95kutnsw43z7f2mgdy wanna chip in?
nostr:nprofile1qqstm84k2lp9knmvmf5gw88zvfvar7duvfpqfplryfystdn55ug2gksprfmhxue69uhhyetvv9ujumn0wd68yurvv438xtnrdaksz9thwden5te0wahhgtnwdaehgu3wwpshyareqyg8wumn8ghj7mn0wd68ytnhd9hx2j8uly5 This one is brutal and will unleash your inner beast. A maxi by heart and a great historian as well. It is time Kim. Do it.
My life is perfect!!
nostr:nevent1qqsqkqtgzu5w20z52uz9fuzzygux7hmaplugfjvexe8y8rw3cn4derspz9mhxue69uhkummnw3ezuamfdejj7q3qujm8l8mupgwvu8pye2ged78pg3huectlmm6at66x5wffgvl2fkgsxpqqqqqqzvmgz6y
Satoshi Nakamoto created arguably one of the most important innovations by a private individual or group of people that humanity has ever produced, because he/they laid the foundation for anyone to be able to trade and act independently of the state.
- Leon van Wankum
Bullish on Bitcoin, not on Europe.
I estimate that European bitcoiners may face significant challenges due to impending regulations, such as an unrealized capital gains tax on cryptocurrencies and an exit tax.
These measures could compel many to sell a substantial portion of their bitcoin.
It's a troubling situation, but the state is unlikely to relent easily.
We should be better represented to prevent this from happening.
So we better get organised.
Not everyone is willing to report losing keys as it is unclear what will happen.
My point is, why wait for this to happen if we can try to prevent it? We need better representation!
Absolutely, we can theorize all day about potential outcomes. Let's not be apathetic about things, we need to fight for property rights, question is who will be our fighters... Any idea?
My next goal is to live more light-weight, mentally speaking. Had enough of all the heaviness, dark shit. I'm ready to leave that behind. Also more reading.
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Notes by Ralph Hogendahl | export