Just learned about this. Big if true and it looks like it is. If they can censor any tx they want, since there is no business which don't demand KYC, then bitcoin and the legacy banking are pretty much the same thing now. That's what I was afraid of.
They are getting bitcoin ready for the ETF approval.
Bitcoin is getting "institutionalized".
They are kiling mixers, punishing CZ/Ronaldo, censoring transactions, letting no no-KYC business survive...
Not looking good.
Everybody who cheered for the Blackrock ETF should rethink their actions imo.
They are getting bitcoin ready for the ETF approval.
Bitcoin is getting "institutionalized".
They are kiling mixers, punishing CZ/Ronaldo, censoring transactions, letting no no-KYC business survive...
Not looking good.
Everybody who cheered for the Blackrock ETF should rethink their actions imo.
Yeah, I agree. There will be some privacy penalty for huge fiat gains. It's inevitable. But I guess it's a reasonable trade-off and we're lucky they're not planning to ban Bitcoin. After so many years, staying poor but free doesn't seem enticing to me.
If you're still unsure, just try creating a new account or order a debit card from some exchange (say Coinbase). It's mission impossible if you can't provide proof of employment and source of funds. Where are the good old days?
