Quote from: we-btc on February 28, 2024, 09:39:37 PM

Most people use Bitcoin like an investment not an electronic cash system.

I frequently see this being brought as a con, but it seems more of a pro to me. When people just want to make financial transactions, they choose fiat over bitcoin, not because it is inherently better. It's just because they prefer spending their de-valuated fiat rather than their scarce bitcoin. Being "better money" doesn't equate to being better at completing transactions.

And I'd argue that when people want to complete a transaction in private, via the Internet, cryptocurrencies are took into serious consideration now more.

Quote from: PrivacyG on Today at 03:06:36 AM

By restricting us, every body else kind of enforces the Know Your Customer way into every body. Realistically speaking. How difficult is it today to buy and sell Bitcoin with no Know Your Customer compared to five years ago? The people who were abiding before and who did not care is not affected in any way today. On the other end of the stick, we are affected enormously.

Here's a thing though. Five years ago, decentralized exchanges were undeveloped. Currently, Bisq takes the first place with over a thousand of trades per week.

What matters isn't the enforced Know Your Customer on many more CEX than before per se. What matters is the legislating framework of your country that forbids you from trading decentrally. If you're forbidden to trading decentrally, and have to pass through this KYC nonsense, then that's a problem.