Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and crypto currencies are getting dangerous
by
kryptqnick
on 15/08/2020, 13:32:38 UTC
I noticed how every exchange now enforces KYC on every individual that registers on their site, also the global governments/exchanges tracking bitcoin users and monitoring how they spend their bitcoins with the advanced visuals tools that’s out there, I believe if this stays like this and more and more companies start to enforce kyc on it customers, we will lose our freedom, people think bitcoin is the freedom but no it’s aint I believe it’s the most invasive surveillance mechanism ever, we can’t even use mixers anymore it’s basically doesn’t work because at the end of the day it’ll leave a trace no matter what you do, this is heading towards a solitary environmental and it’s not a good idea at all. Lets think twice and focus on our freedom, privacy and future.
First, not every exchange is always enforcing KYC. A friend of mine has been doing some trading on Binance, and he wasn't asked for KYC yet. Moreover, local exchanges where I exchange BTC for fiat regularly have never asked for my ID. I mean, I'm sort of exposed to them because they transfer money to my bank account and thus know my name, but at least I don't have to deal with this uncomfortable 'send a photo of you holding your passport' thing. Furthermore, I agree with pooya87 that exchanges are one thing while Bitcoin is another. Nobody's forcing you to give away your identity to make Bitcoin transactions. And finally, I'm not so sure about mixers being ineffective. Of course, with the right amount of resources on behalf of the stalkers and stupidity on behalf of the users it's possible to trace BTC and link an address with an identity, but that's not the fault of Bitcoin or of mixers.
P.S. If one wants to minimize the risk of being identified, one should use a coin that gives anonymity (like Monero), not pseudonymity.