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1 sat \ 3 replies \ @cryptocoin 24 Dec 2022 \ parent \ on: RANT: Stop saying, ”KYC-Free Bitcoin“ bitcoin
I call it maintaining my financial privacy. If you want to label that as nefarious, that's on you. But I deem bitcoin where I've maintained my financial privacy is most definitely different from bitcoin that has been associated with my identity.
As do I. That's why I've only ever acquired bitcoin peer-to-peer. I'm not saying you shouldn't care or keep track of your KYC stack.
I'm actually not even sure we're disagreeing about anything. Are we?
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Ok, so I think now I get your point.
The term "unhosted wallet" was used by governments when we already had a term for that ... "wallet". That's it, it's a wallet, not an "unhosted wallet". But governments wanted to make "unhosted" be an attribute that helps with their argument that unhosted wallets are the outliers, and the ones for which regulation is needed.
And that's total nonsense.
So now (I think) I get your point about KYC-Free.
Bitcoin that has no tie to your identity is not "KYC-Free" bitcoin, ... it's just bitcoin.
And that If you have bitcoin that is tied to your identity, then that can be called "KYC" bitcoin -- because that is bitcoin with some other attribute (specifcially, a tie to your identity).
Am I getting closer?
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Exactly!
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