m52go

Tales from the Crypt #117: Wiz & m52go

- Wiz's experience mining Ethereum Classic after the DAO hard fork in 2016, demonstrating why censorship resistance matters when Vitalik and exchanges attempted to roll back transactions. - How Bisq functions as peer-to-peer trading software with no KYC/AML, multi-sig escrow, and Tor-based privacy instead of traditional centralized exchange infrastructure. - Account signing and bonded reputation systems as alternatives to identity verification—proving integrity and ownership rather than collecting personal data. - The Bisq DAO model: contributors earn colored Bitcoin (BSQ) for work, users burn BSQ to pay trading fees, creating a sustainable closed-loop economy aligned with user interests. - UX and liquidity challenges for decentralized exchange adoption; planned V2 trade protocol to eliminate on-chain transactions and use Lightning Network. - Why KYC/AML compliance harms users: enables data theft, centralizes control, and misses the point of proving integrity over identity.