Something happened today which makes my choice of bitcoin more stronger than the centralized fiat and traditional banking system.
I transferred some amount of cash to someone to get me a few items I would be needing for my project at hand, a day after I received a call from the him that his account has been freezed due to the amount received into the account that the bank told him it was above the account grade and he has to come with some required documents for the upgrade to a higher tier and this has to shift my schedule I have arranged for my project to a day further.
While I was with a feeling of disappointed I recalled I have been stacking a few unit's of bitcoin in my wallet and have never experienced this crazy shit neither have I heard any bitcoiner make such a lousy complain about bitcoin whatever the amount of bitcoin transfered into their wallet. I don't think there's anyway the fiat system can be compared to bitcoin, the more experiences I encounter the more I see how advanced and greater purposes bitcoin serves.
Comparing bitcoin with the centralized fiat system is like comparing Apple devices with a Nokia 3310 phone, bith have no way of comparison because the only thing they have in common is that, both can make and recieve calls and text message, but talking about other technological aspect, both can't be compared to the other.
Fiat is all about centralization, while bitcoin is all about decentralization, both are fighting and representing different courses.
For those who choose the centralized part of finance or money, they be ready for such kyc verifications, upgrade and so on, even in cryptocurrency, centralized exchanges have such a system where your account is limited to receiving and send out a certain amount of money based on one's kyc level.
But coming to non-custodial wallets, such things are non existent, and this is what makes this industry very unique from what people see to be the norm in our society today.