437 sats \ 0 replies \ @DarthCoin 19 Dec 2022 \ on: Misconceptions about KYC-free bitcoin 🧵 bitcoin
KYC is forever
Yes, but not for my BTC. Is for my identity data stored somewhere I can't control. The whole idea that exist "KYC-bitcoin" is flawed. There's no such thing, otherwise Bitcoin cease to exist. Yes, indeed KYC is a putrid danger, but that doesn't affect in any way your BTC. Is all about how you learn how to defend your BTC against threats.
You can't predict everything that can happen regarding policy towards bitcoin usage or ownership, or even that exchange's security years into the future. If government policy turns against Bitcoin, you can't leave with your KYC coins.
Who is this "government" to dictate over my own money and more than that, it cannot have control over my wallet seed. Never ever.
you can't leave with your KYC coins
Watch me... walking with only 12 words into my head.
While it's true they can't outright force you to move coins, and they can't block your transactions, this is still a naïve way of thinking. The majority of KYC buyers will comply, leaving you as an outlier with verified purchases of bitcoin, an easy target.
Yes naive and unprepared people will always die first. You are too afraid of govs.... Instead of being afraid,´you better CONFRONT THEM and rebut their authority over your own money.
YOU ARE WASTING YOUR TIME DEBATING AND BEING AFRAID OF A GOV INSTEAD OF QUESTIONING THEIR AUTHORITY
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