shortwavesurfer2009 on Nostr: Monero is cash and can be treated as such. With Bitcoin a business is required to KYC ...
Monero is cash and can be treated as such. With Bitcoin a business is required to KYC and if any part of a transaction has what the authorities consider to be taint then your entire transaction can be frozen and the coins confiscated from you and the service not rendered. No thank you. That sounds like a horrible way to conduct business. Besides, custodial equals IOU and IOU equals can be removed at any time for any reason.
Published at
2024-11-04 17:52:54Event JSON
{
"id": "041750b032793c3ba4a260e1a2dcac0122ba75c043a1ab1b126e2f729510f91b",
"pubkey": "465eb13404d7219cd91c2b4a8a7e308ad4e09bc1298dc08c5eec852e9bf5da09",
"created_at": 1730742774,
"kind": 1,
"tags": [
[
"p",
"ba80990666ef0b6f4ba5059347beb13242921e54669e680064ca755256a1e3a6"
],
[
"p",
"465eb13404d7219cd91c2b4a8a7e308ad4e09bc1298dc08c5eec852e9bf5da09"
],
[
"p",
"2641c5060e4eec82089fdb2c9eb84714660fddf7c23a01d731311481983f0175"
],
[
"e",
"7486703a6b37f597666a7c56c5ce17db1a2cea7af70679a91cc3e7a91758bf8e",
"",
"root"
],
[
"e",
"0f6bf118c64f29d665f5bbeff87b792cf35541a1bc3d4852af9802d3804c2854",
"",
"reply"
]
],
"content": "Monero is cash and can be treated as such. With Bitcoin a business is required to KYC and if any part of a transaction has what the authorities consider to be taint then your entire transaction can be frozen and the coins confiscated from you and the service not rendered. No thank you. That sounds like a horrible way to conduct business. Besides, custodial equals IOU and IOU equals can be removed at any time for any reason.",
"sig": "0253a218f1d37c4656124723b6235e6335127ad2a305c3608aed89f480e4414d27f015e1ce5361bc2c22f5e03c80cdb80a358ba661fabf0250c941d39cdd17a2"
}
