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by gigatexal
306 days ago
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“Enslavers” “exponential” … so doomsday of you. My points were made yet not countered with evidence. I could very well be wrong. We will never know. ;-) KYC is among others the law of the land for financial institutions. Even if not don’t you want to know you’re not aiding terrorists or sex traffickers or drug cartels in washing their money and funding crimes that harm or kill people? Some freedoms are traded in a civil society for civility. What did you do before crypto? Not bank? Not buy anything? Never use a credit card? Always pay cash? Live off the grid? |
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KYC is the law for financial institutions, one that it would be in their best interest to lobby against. It is also not the law for self-custody crypto, and certainly not for users, not that it could ever be one since it would be impossible to enforce anyway. The users have no interest in it.
Your nonsense of aiding terrorists, traffickers, cartels, is just that -- plain nonsense. This is because just as with cash, the usage of cryptocurrency is orthogonal to the criminal activities. The law increasingly wants practically every freedom traded away, not for civility, but for repression. They are the ones harming more people as of late, with an increasingly undemocratic and oppressive agenda. Moreover, the government already heavily tracks the usage of non-privacy cryptocurrencies; its is like a dream for them.