Cryptocurrencies were originally created by people who valued their anonymity and privacy.
Bitcoin is a quasi-anonymous cryptocurrency.
However, when Satoshi Nakamoto first created the first cryptocurrency, its level of anonymity and privacy was quite acceptable for its time. By going through KYC and AML procedures on centralized cryptocurrency exchanges, you deanonymize not only yourself, but also your counterparties.
In my opinion, this reduces the overall value of the Bitcoin network.
My Journey has really been a rough one at first, which became a little smooth when I first heard of the world Cryptocurrency and Bitcoin a year back. I was nervous at first thinking it might be a scam. Well it wasnt. The Man Satoshi and the blockchain as a whole really changes my life and narrative towards cryptocurrency, which I would always be grateful for. Fortunately I had to hear about Bitcoin talk. Immediately I joined I knew I was a bit late to this kind of beautiful platform. But it's better late than Never. I would like you all that reads this to Hold my hand as a Newbie and take me through this Journey together. I promise I won't take this for granted. I love you all and hope to see you around hearts