“If we just comply with Covid lockdowns, mandates, and restrictions, then we’ll be able to return to normal and be free.”
“If we just comply with KYC and regulations, then we’ll be able to defeat the state and central banks and be free.”
Same energy.
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Exactly :)
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Just use Bisq, ATM or peer to peer
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Monero fixes this :)
So does Lightning but to a lesser extent.
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Even if an identity can be obfuscated from an individual’s bitcoin transactions, the KYCing third party still retains all the user's personally identifiable information (PII), including name, address, selfies and total purchase amount.
Monero doesn't fix that.
And the point made in the article about exchanges and services disallowing deposits which were either mixed or from a coinjoin, or even warning the customer for coinjoin after withdrawal, those same services won't even touch Monero. So yes, while Monero has better privacy that on-chain bitcoin transactions that haven't had privacy protection measures (e.g., coinjoin) perform, KYC is a problem for Monero users just as it is for bitcoin users.
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True that. KYC is just the legacy system trying to weasel, worm and threaten their way into this decentralized future. :)
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deleted by author
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