Topic inspired by this excellent post: Why KYC is extremely dangerous – and useless
https://bitcointalk.org/index.php?topic=5221497.0I am concerned about the dangers of KYC, but
how do you do business in the USA (and many other places) without it? To be clear, individuals cannot use vital services without obeying the requests, and businesses cannot exist without obeying the SEC rules. We need new ways to help
BTC go mainstream without all the BS. Any ideas?
This is easy to explain but difficult to implement, we need to go back to the idea of being your own bank, big exchanges and business will always attract the attention of governments and they will be regulated, if you want to avoid this then there is only one way to do it and that is for people to accept to trade bitcoin among each other.
This is not as convenient as it is to use a centralized service but if you want to go out of your way to guarantee your privacy you do not really have any other option.