Post
Topic
Board Bitcoin Discussion
Re: Putin: Who can stop Bitcoin? No one.
by
o48o
on 09/12/2024, 15:34:13 UTC
Of course when we use centralized exchanges, we are usually revealing our identity specially nowadays that almost all of them have KYC. But what if we stopped seeing bitcoin as something we have to buy with our fiat and start seeing it as a currency, just like the way we see fiat.

You are already part of a signature campaign. AKA a job that you are getting paid for. Those coins are only linked to your account and not necessarily to your identity (you could use TOR for example). In other words when bitcoin is used as a currency (not an investment) it also provides a high level of privacy.
True, i am aware that the way current bounties for example are handled can disappear in the future, and i am preparing for that.

Also private btc loans from random people in here with btc will most likely get trickier. We are currently in a long transition phase and many of the things we now take for granted will change.

But i am almost certain that future of bitcoin will have even less of those freedom values that bitcoin was build on to. And way more oversight. At least this will be the case if we want to keep the price and liquidity up. If we want to keep it away from government control, then the sacrifice will be more sanctions and drop of the value.

I would really like to be more positive about this and maybe tech for AML will be more sophisticated. Maybe money laundering wouldn't create a problem then anymore.  There are are probably many different kinds of ways to fight money laundering and eventually tech catches on without disturbing freedom of non-criminals.