Luckily we have all the AML and KYC "people exclusion" policies everywhere so this can't happen, right?

So AML and KYC causes everyone personal information to be collected in every stupid company, those obviously get leaked and hacked. Plus the KYC policies exclude literally millions of people from being able to participate in the economy and use whatever the service and finally the stupid policies don't prevent the thing that they are supposed to be preventing - money laundering and financial cheating & crime. Because that's what literally all banks do. And somehow the bank fines are less than the money that the banks make on this process.

And that is why we Bitcoin.