I''m from the other side of the world. Can someone shed some lights on this matter?
1. Swan is a platform that offer service for people to buy bitcoin and bitcoin only.
2. They encourage all their users to withdraw and self-custody.
3. They are anticipating govt giving problems and help users to think ahead and be prepared.
4. They operate under US law.
Questions:
A: Is 1, 2 and 3 not a good thing for bitcoin?
B: What are the benefit for bitcoin and people wanting to stack bitcoin to have Swan not complying and getting shut down?
C: Some insist people should not buy bitcoin on any regulated platform and that people should just earn bitcoin. But most people cannot earn bitcoin even if they wish to. In my country, I certainly cannot earn bitcoin. And the only way to buy bitcoin is to send fiat to regulated exchanges with KYC. Good thing they still allow withdrawal.
mykopikid
npub1rw…yq2h4
2023-11-12 09:08:01
in reply to nevent1q…9j24
Author Public Key
npub1rwep9zudeedgxu55v28s5t2tv3ud3se606rvdrnxsmjvcar0yx4smyq2h4Published at
2023-11-12 09:08:01Event JSON
{
"id": "6b3088447748880a05484d3889b213eaae9f5cee718df76cba17d6c9e4afa299",
"pubkey": "1bb2128b8dce5a837294628f0a2d4b6478d8c33a7e86c68e6686e4cc746f21ab",
"created_at": 1699780081,
"kind": 1,
"tags": [
[
"e",
"a2435998cf6f0b121471306310d45f90360d7c67c54df857484aedff73f565da",
"",
"reply"
],
[
"p",
"04c915daefee38317fa734444acee390a8269fe5810b2241e5e6dd343dfbecc9"
]
],
"content": "I''m from the other side of the world. Can someone shed some lights on this matter?\n1. Swan is a platform that offer service for people to buy bitcoin and bitcoin only.\n2. They encourage all their users to withdraw and self-custody.\n3. They are anticipating govt giving problems and help users to think ahead and be prepared.\n4. They operate under US law.\n\nQuestions:\nA: Is 1, 2 and 3 not a good thing for bitcoin?\nB: What are the benefit for bitcoin and people wanting to stack bitcoin to have Swan not complying and getting shut down?\nC: Some insist people should not buy bitcoin on any regulated platform and that people should just earn bitcoin. But most people cannot earn bitcoin even if they wish to. In my country, I certainly cannot earn bitcoin. And the only way to buy bitcoin is to send fiat to regulated exchanges with KYC. Good thing they still allow withdrawal.\n",
"sig": "8963457c912199ef05a79a1cdad4b0a01185979a5a60cecd3b6ff2522dd02a26c607d8f15331608daa8da6181c85aa90e32dc495e4957b5260b2ddd01c99a75e"
}