If the entirety of your net worth is KYC'd, you are captured by the state, you just don't know it yet.
#RandomThoughts
Discussion
Much of it is that is indeed true. I do remain hopeful that due to administrative bungling they may not quite be able to tie up all the ends.. many people have non-KYC Bitcoin from way back and many own some metals also from when there was no requirement to KYC. Such optimism on my part 😂
The state has a nack for appearing to be "bunglers" of processes in some instances (health care websites) and quite proficient when executing on other processes (the silk road op).
I'm going to caution on the side of they'll be proficient in ceasing assets when the fight gets heated. Hope I'm wrong.
I have a feeling that you might be right unless there are loads of us working for the state that have unforeseen accidents with the data…
If you own a home, stocks, bonds, a car or own bitcoin on an exchange.... you are kycd. Most are captured by the state.
The Challenge is to undo the mess created.