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0 sats \ 1 reply \ @handtomouth 8 Sep \ parent \ on: What is the difference between permissionless and censorship resistant? bitcoin
In case it is still not sinking in. KYC is being imposed by the Finanacial Institutions to trace the people whom are using the Bitcoin Network if your typical setup is you are in the middle of the jungle and you have no ID and then somebody taught you how to properly use the Bitcoin network. You can easily bypass their dragnet simply because the added technological layers running on top of Bitcoin Core e.g. online wallets is not in your Bitcoin toolkit. If you surrender to KYC you are always asking them for permission to use the system since you don’t know how to circumvent their dragnet like KYC. Therefore, if there is no KYC there is permissionless system
You aee wrong.
KYC is only for fiat ramps. Not for BTC.
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