Quote from: NelfiNovita on Today at 05:00:45 PM

Quote from: gunrs17 on September 08, 2021, 01:52:57 PM

Just interested to hear people's reasoning for wanting NON-KYC bitcoin. Im guessing its so that one can deny ownership from "the man"

Bitcoin is NON KYC why do you say there are bitcoins that use KYC. From my experience, using KYC is when we register for a cryptocurrency exchange account or when participating in a bounty that asks participants to make KYC so that there is no account forgery or account duplication.

The issue is, if you withdraw those coins from the exchange, the exchange knows you have a certain amount of Bitcoin and the corresponding address. Even if you transfer those funds onto another address, that will be traceable through the blockchain.
We call such coins 'KYC coins' because for the exchange and anyone asking it (like your government) it's easy to trace the coins, and see what you spend them on, who you send them to, etc.

That's what people mean when speaking about 'KYC Bitcoin'.