EQUATION FOR BITCOINERS:
- If you get hacked, your KYC doesn't help you
- If you get scammed, your KYC doesn't help you
- If the exchange bankrupts (or rugpulls, which is the polite way to say it), your KYC doesn't help you
The thief/criminal runs away with your money without any consequences. The same criminal knows everything about you, since you KYCd.
The establishment will always protect the scammers since they are working for them (the goal is to eliminate bitcoiners).
Result: Don't KYC
#asknostr #sharenostr #bitcoinpeasant
BitcoinPeasant / The Bitcoin Peasant
npub17w…5rjcl
2026-09-07 19:00:47 UTC
Author Public Key
npub17wjkhynvweu30p7sx6aa3ts2es8l33e668sk7pzk596gv6429rrs35rjclPublished at
2026-09-07 19:00:47 UTCEvent JSON
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"content": "EQUATION FOR BITCOINERS:\n\n- If you get hacked, your KYC doesn't help you\n- If you get scammed, your KYC doesn't help you\n- If the exchange bankrupts (or rugpulls, which is the polite way to say it), your KYC doesn't help you\n\nThe thief/criminal runs away with your money without any consequences. The same criminal knows everything about you, since you KYCd.\nThe establishment will always protect the scammers since they are working for them (the goal is to eliminate bitcoiners).\n\nResult: Don't KYC\n\n#asknostr #sharenostr #bitcoinpeasant",
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