2min chapter

Ungovernable Misfits cover image

Hash privately and store sats securely with BQA & Lili

Ungovernable Misfits

CHAPTER

Bitcoin Mining Is the Best Way to Prevent KYC Risk

The mining pool knows every address that they're paying out belongs to the same person and again we've covered that they may or may not know exactly who you are. You can't get away from that everybody else that has access to mempool.space or similar can also see that information as well so you're exposing that address is owned by the same person instead of it being for one entityyou're showing the whole Bitcoin networkYeah I'm with him I completely agree like that's the best way to manage this and it's worth dealing with because you're getting those private sets and it's easier to deal with that versus dealing with the tax nightmare that is KYC yeah.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode