Foul Matters on Nostr: While I agree with that statement, I was scanning Nostr to see how people approach ...
While I agree with that statement, I was scanning Nostr to see how people approach it.
Listening to many podcast, some do put emphasis on owning your key and self custody and some do go all the way to say never use exchanges with KYC at all, yet they do speak highly of Strike (which has KYC) which is somehow contradictory....
So I want to see how people approach it on the field.
To give some context: I live in a country where spending bitcoin is a taxable event, so I will have to declare every year that I sell BTC in exchange for FIAT or goods. The government will know I have BTC that way.
Buying on platform like Hodl Hodl (nprofile…xmsq), #Robosats or #Peach will protect me against the fact that my face photo with ID close to it leaks and other types of hacks but I also take the risk that when wanting to exchange my BTC for large FIAT sums (buying a car, a house, etc) the BTC gets flagged (this is BS but they do that) and I can't spend it.
I do realise the importance of having some day to day BTC non KYC for spending (via lightning, eCash, etc) but isn't there a case also for building a "strategic reserve" of BTC through platform like Strike or " KYC light" platform such as Pocket (https://pocketbitcoin.com) ?
Listening to many podcast, some do put emphasis on owning your key and self custody and some do go all the way to say never use exchanges with KYC at all, yet they do speak highly of Strike (which has KYC) which is somehow contradictory....
So I want to see how people approach it on the field.
To give some context: I live in a country where spending bitcoin is a taxable event, so I will have to declare every year that I sell BTC in exchange for FIAT or goods. The government will know I have BTC that way.
Buying on platform like Hodl Hodl (nprofile…xmsq), #Robosats or #Peach will protect me against the fact that my face photo with ID close to it leaks and other types of hacks but I also take the risk that when wanting to exchange my BTC for large FIAT sums (buying a car, a house, etc) the BTC gets flagged (this is BS but they do that) and I can't spend it.
I do realise the importance of having some day to day BTC non KYC for spending (via lightning, eCash, etc) but isn't there a case also for building a "strategic reserve" of BTC through platform like Strike or " KYC light" platform such as Pocket (https://pocketbitcoin.com) ?