First MtGox disapears with an BTC fortune and then Neo Bee. Besides them, there are countless mining companies that never refund their clients on empty promises. Sadly, in generall there is to much scamming going on in the BTC to get this mainstream! Noone want to get ripped off. Especially on his/her first encounter with BTC. And sadly, right now, too many people encounter a scam as their first encounter with BTC.
YES!!!!!!!!!! Couldn't agree more with OP
And you know what, I have heard the red part above from others too. Be it exchanges going offline or asking for too much personal info, or scammers on localbitcoins (SEPA wires mean almost 100% you will be scammed), it is SCAM-O-RAMA and newbies connect BTC with that in their minds.
Very frustrating and very bad for Bitcoins.
Bitcoin needs regulation, but not KYC regulation - antiscam regulation. I think we can have a look at Sharia compliant legislation concerning cryptocurrencies, or maybe, if Bitcoin is wild west, that would be a possible scenario: Hang them!!
This is a new field with brilliant potential for intelligent people, and what do lots of them do? Buy coins with stolen accounts, hack peoples wallets and so on ---> need to be removed from gene pool ASAP
The only good thing about KYC is that it makes it harder for that scum to cash out on a large scale...