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Merits 3 from 2 users
Re: Merit system vs KYC registration?
by
nullius
on 03/02/2018, 00:45:47 UTC
⭐ Merited by TMAN (2) ,HabBear (1)
I’ve never submitted to any “KYC” identity-rape doxing for anything whatsoever even remotely related to Bitcoin.  On principle, I never will.  Why the hell would I?  In principle, my finances are private—mine, and mine alone.  As a practical matter, I don’t need to worry so much about history repeating

An inspiration for us all...so how do you buy Bitcoin?

I think the most fitting answer, ironic but serious, would be:  “None of your business.”  Of course, I have “bought” Bitcoin (viz., exchanged fiat funny money for real money).  Indeed, most of my life savings wound up in Bitcoin (then most of that, in a privacy-oriented altcoin where I took a very painful loss—but that’s another story).  Whereas I have never bought Bitcoin on an exchange which does KYC.

Nobody anywhere has any record that I’ve ever owned even a single satoshi.  Most people who know me in real life don’t even know that I know what Bitcoin is.  And I would not brag about that, except under a nym made for the purpose of privacy and security work and activism.

There are plenty of other ways.  If the question were rephrased, “How might someone buy Bitcoin without a KYC-requiring exchange?”, then there are many forum threads, several websites, and at least one peer-to-peer network devoted to this exact question.  I note this without endorsing anything in particular.

I wonder why Jet Cash merited this shitpost.

Because Jet Cash doesn't like the system. S/he feels they got screwed out of reaching Legendary status because they were close to hitting the range as the merit system was deployed. You'll notice that Jet Cash has a lot of schemes to try to get people to spend their merits on his/her posts, which are usually thinly veiled to appear as though he's a promoter of the system.

I think that Jet Cash would need to speak for Jet Cash.  Anyway, arguendo, dislike for the merit system would not adequately explain giving merit to anything “KYC”.