Re: Will blockchain survive the crackdown on mixers and anonymization?
What about the exchanges that do support and go for the use of KYC and they were being attacked, what can they do, it is better we understand the ploy of the governments, which is in their fight against a decentralized network and anything that gives us financial freedom and privacy, because they have no say over them, and as for the exchanges, they will continue the struggles together until we all realized the need to either stop using them or go for the decentralized ones.
Exchanges that were complying with the law have not been "attacked". Binance broke some specific laws, and was charged accordingly.
It's perfectly legal to hold and trade Bitcoin in the United States. It's perfectly legal to have an exchange for USD or other negotiable currencies as long as KYC and other rules are followed.
The world is not out to get you
.Have you read the Satoshi's white paper? If not I suggest read them first from the link below
- https://bitcoin.org/bitcoin.pdf
Can you find or did you read that he said Bitcoin is government-resistant?
It's implied in the entire paper. It's the entire reason Bitcoin even exists. Otherwise, why not just use a credit card or a bank?
What the whitepaper did not anticipate is chain analysis which makes Bitcoin actually very very unprivate
.You're using bloclchain generally. Not all blockchains are decentralized or private, it's a technology that can be used and modified in different way, can even get more centralized than the financial system that is used by banks.
Using blockchain centrally is a complete waste of time and the dumbest thing ever. It's basically adding some code to a project that doesn't need it, and makes the project more expensive, slower, less secure, and more cumbersome to use. It would be like using an HTTPS/REST network layer to add two numbers together instead of just writing "a += b;". I mean, it's theoretically possible, but the only reason you'd do it would be to impress your boss that your project has some catchy buzzwords in it (and a good development manager would tell you to stop that and just get the project done
).