Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is simply too difficult to buy to gain acceptance
by
Babyrica0226
on 29/05/2019, 03:53:40 UTC
KYC is a very delicate issue, a lot of bitcoin enthusiasts are against the idea of revealing their personal identity when this is a decentralized protocol, and also the threat of misuse and sale of data.

Btc is supposed to be anonymous and easy but it is neither.

It's supposed to be a lot of other things as well which it is; it is transparent and borderless. It's also irreversible, preventing double spending.
Global adoption would make it easier to own bitcoins without buying them, if it becomes accepted as a currency and means of exchange.

Yes, majority of the community of bitcoin they really hate KYC. But in the end even most people don't want that rules, they are oblige to submit their KYC just for the sake of profit. Its part of the policy and regulations. Though, bitcoin was based decentralized system. And for the novice it is actually not easy to understand it.