Post
Topic
Board Bitcoin Discussion
Re: Will You Circumvent KYC if You Can?
by
Free1bitco.in
on 20/11/2019, 09:29:42 UTC
I detest government influence on Bitcoin. Initially, I thought it was anonymous means of transfer of value that I could use to do business with people all over the world PRIVATELY and perhaps no one would know what I'm doing, especially my corrupt politicians. But what we have today is Bitcoin that is increasingly becoming another central bank. Would you find a way around KYC is you could? https://www.cryptoinfowatch.com/privacy-conscious-bitcoin-traders-use-bisq-to-avoid-kyc/

Firstly my question to you is that, why you want to run such a business that you want no one to know? I have seen this kind of attitude in my local marijuana seller who wants to keep his business within a very private group of people!

I would try to circumvent kyc only if I am willing to run an illegal business. Othersie, it makes no sense to hide it from the society!
I also thought about this. KYC implementation is good enough for a project to follow government regulations, and until now, I have no problem with that. however, some people want to be seen anonymously, and don't want to be seen on the internet. in addition, some news such as data sales also become an issue that makes people afraid to do KYC.