Post
Topic
Board Bitcoin Discussion
Re: Why mixers?
by
o_e_l_e_o
on 21/09/2020, 14:50:02 UTC
If there's one interesting thing I have noticed, it's that constantly banning various services, use cases and opportunities you have with BTC (introducing KYC restrictions on exchanges, having almost no more anonymous ATMs around, Binance freezing accounts for using mixers etc) only makes me want to go even more off the grid and find even better ways to hide under a cloud of privacy.
I still do not understand why people put up with this. They use a centralized exchange and say "Oh well, KYC is the price I have to pay". Then the exchange gets hacked and leaks personal information and they say "Oh well, if my info has already been compromised, then I might as well just keep using the exchange". Then the exchange starts locking accounts and they say "Well, they haven't locked my account yet so I'll just keep using them". And then the exchange starts dictating how they can spend their coins, or selling their data, or working with governments, and they come up with some other excuse.

When does it end? What does an exchange actually have to do for 99% of crypto users to say "Enough is enough"? How much will control over their bitcoin and their lives will they let the exchange take before they look elsewhere?