Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: Isn’t KYC anti-ethical to Bitcoin?
by
LeGaulois
on 09/12/2021, 22:27:55 UTC
⭐ Merited by BlackHatCoiner (2)

I don't think, I'm close-minded in my speech? Everyone can buy his first BTC without a third party. The majority prefer to use an exchange, or anything similar because they can do it easily online as 1,2,3. It's about convenience, yes maybe, but it has a cost.
I don't know if I shall say they're lazy, don't take the time, or are not well informed but you can truly purchase BTC directly peer to peer.


Quote
I think what they say is the transition from bitcoin to fiat. That a third party is required.

And that's why I replied "not true" because it isn't. But for the same reasons above, people don't want to spend time looking at how to do it.

How many of us are dealing without a 3rd party, whenever it's to buy, sell, or simply live the crypto life? We don't do any type of magic. By using a third party, there is also a long-term effect. Since people use such solutions, this is exactly why we see more and more restrictions of various kinds (laws, AML, or other things).

Honestly, people talk a lot about decentralization and privacy, but they're the first to use centralized platforms and give them their personal documents. (Isn't it funny?)
The newbies entering the crypto world then think it's how it's work and how to do it. While in reality, it's not true. We should rather show them the true road of Bitcoin.

What's the sense to buy a decentralized currency but to use a centralized platform. Better to keep using fiat and your bank account, your debit card, and your cheque.

Ah, I know the answer. Follow the money.
It's to speculate and to make cash.

It finally shows people are interested only in speculation and not really in the ideology behind Bitcoin.
Sad but true.