Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: Goodbye, privacy, goodbye, it was nice while it lasted.
by
Pmalek
on 02/04/2022, 15:59:18 UTC
⭐ Merited by JayJuanGee (1)
It comes down to this: If the bill passes, each centralized service provider in the EU (exchanges, casinos, payment processors) will have to perform stricter KYC on their customers. Solution: Stop using centralized third-party services. It's that simple, but for many people the alternatives aren't going to be that attractive. How do you trade P2P in a place where almost no one uses Bitcoin and you need fiat? Bisq? Maybe.

Two things can happen:

  • People will give in and accept this as the new norm because it's easier.
  • We will witness a greater shift from centralized third parties to proper decentralized non-custodial solutions.
   
It's in human nature to take the easy route. Hopefully, there will be some resistance.