Post
Topic
Board Bitcoin Discussion
Re: Isn’t KYC anti-ethical to Bitcoin?
by
m2017
on 15/12/2021, 09:35:50 UTC
When i first heard about bitcoin, one of the selling points then was the pseudo anonymity. But as of recently, it is hard to purchase any crypto without encountering a form of KYC.

I’m just curious of everyone’s thought on this.

Even being forced to do KYC and sending your documents to purchase bitcoin, you can still achieve a pseudo anonymity when buying products.

Let's suppose you bought 10k USD in bitcoin in Coinbase, and you sent your documents there and withdrawal those funds to the address A.

You can just send your coins to a bitcoin mixer (address B), and then the mixer will send you back other coins  (which are not linked to your coins from address B) from address C to your address D.

This way you can achieve some anonymity.

Is it theoretically possible to untangle this chain?   address A-B-C-D and so on.