KYC is an attack on #Bitcoin
Discussion
I agree. How do you successfully enforce a seizure then forfeiture?
Most will cave when claims are levied. Most have not thought through what it means to have a broke sovereign knocking on your door.
Can people be forced to give keys? Or just threatened with prison and fines?
In practice, is there any store of value asset easier to persecute its holdings than KYC coins?
Fiat in the bank - has no chance passing; not a SoV = not necessary
Real estate - too much hustle with logistics; same for gold.
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