In any case to move your BTC out and make them spendable money, at the time of this writing, you need to move them to an exchange convert them to Fiat (not the car) and to withdraw you need to be ID verified.
no, you're wrong, most of the purchase / sale of bitcoins takes place outside the exchanges.
for example Sasha sells 1 bitcoin to Natasha (for example, an ad in a newspaper or on the Internet) - they both do not need to be verified.
but if it is ETN - they both need verification.
This is for sure NOT TRUE for several reasons. While it's an option it's absolutly for sure not the most used one.
And just additionally, IF you buy another crypto coin with BTC you sold BTC as well, just as a sidenote.
And you can sell/buy ETN without KYC, just keep them in your cli wallet, easy as that. No rocket science at all.
There is No mandatory update/KYC for all wallets in place, just the webwallet. Don't like KYC don't use the webwallet, simple
and easy as that.
of course etn cli wallet does not require kyc
but, when we say about mass adoption (as etn team say), then we must compare mobile wallets (or web wallets).
and you can find many btc mobile wallet - mycelium, for example, absolutly anonimous, or any others
but etn - not.
so this was discussed
but for millions of people it doesn't matter - they post photos of their entire lives,
so we'll see what happens