Post
Topic
Board Bitcoin Discussion
Re: Bitcoin and crypto currencies are getting dangerous
by
Reatim
on 23/08/2020, 04:21:58 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.
How come that this become dangerous because of KYC thing?you are over reacting and expressing your thoughts so bold.

Crypto will never be a danger for every individual specially if we know how to manage handling this,because there are mixer than can keep you anonymous for the sake of arguments.
If you trade on a centralized exchange, then you must confirm your KYC data. KYC data is needed by centralized exchange to find out and verify user data. And we know that KYC can be misused by irresponsible individuals. That's what KYC lacks.
Correct and i believe that OP has no big knowledge about crypto thats why he can say this word that easily,without even knowing that Bitcoin and crypto is a big help for everyone specially in this pandemic time.