KYC is outright dangerous, it exposes millions of people to risks of revealed home addresses to potential attackers.
nostr:nprofile1qqszdnz0e2lu0gwww4aup0av4m0gcg30n30shsvrs8lcukdfjhl564qh0has7 explains on nostr:nprofile1qqsdcz7puq6jv9ahh58h26zxl5gwl7xks548ck48uyfmsx0kzlfl3rcfrx0pj
https://blossom.primal.net/ee62314e9c9106ab2ccb28f000fc3a474d6eab89561e7a22d279581f59e760f0.mp4
Yes, and imagine if you've done a great job of stacking sats, and your home address -- combined with the public blockchain where anyone can see what you have -- falls into the hands of a ruthless, desperate, and violent criminal in your neighborhood?
Disturbing thought.
That's why early Bitcoiners do Monero.
You only start to think about the security of your family if you need to self-custody serious amounts.
My first crypto was Monero -- all obtained without KYC -- and I've never held anything else.
I don't want (1) the government tracking, taxing, and punishing me for having it or for how I spend it, or (2) neighborhood thugs eyeballing my public portfolio.
I'm not trying to get rich with it. Just trying to have digital utility with privacy.
Greed blinds us and will always bite us in the end.
