Quote from: o_e_l_e_o on April 17, 2023, 03:12:48 PM

As I have said many times when the topic of tainted bitcoin comes up: The correct response to some centralized service stating that your coins are tainted and they won't accept them is not to modify your behavior and sacrifice your privacy to acquiesce to the arbitrary demands of said service. Rather, it is to find a better service which does not enforce such absolute arbitrary nonsense.

The problem here is that if you use a centralized service which isn't as restrictive today, that can change tomorrow. And when it does, it can negatively impact a lot of people. For example, I have heard many people recommend ByBit as one of the best CEXs that don't request KYC right now. Sooner or later, that will change when they tighten the grip. History shows us that many have, and there is no reason to think ByBit will do things differently.

The choices we have:
1. Use absolutely no CEX, today or tomorrow.
2. Use a CEX but never submit KYC, leaving the possibility of having your coins confiscated if you don't meet their terms.
3. Use a no-KYC CEX and be willing to undergo identity verification and accept their demands when the time comes.

I think you will agree with me that the minority won't forget about the convenience of CEXs, and an even smaller number of users will just leave their money and not do everything the service demands to get it back.