Yea I get the whole idea of #bitcoin I think. I get what you’re saying. We’re still very early. If there’s mass adoption, somewhere in the future, and Bitcoin becomes a standard form of money then there’ll also (somehow) be a form of KYC. I don’t doubt it
Discussion
If they cannot controll our money, how will they eventually enforce their rules upon us?
"Yea I get the whole idea of #bitcoin I think".
The clear uncertainty in what you type shows a lack of understanding when you say Bitcoin needs regulation - It doesn't because it's self-regulating - Rules with no rulers.
I’m just being honest here 😉 does anyone really, fully understand Bitcoin? I’m adding “I think”, because I get the idea of it. But do I completely understand it already? Nope
Absolutely, I do get that, but what's being discussed here is precisely longevity of services when they put themselves into a position of having to succumb to regulatory pressures. Bitcoin as-is fixes this through and through, yet there are exchanges today decide to stick to the old ways. I think it's pretty clear you don't need to know everything in Bitcoin to understand that if a solution to such problems presents itself you should probably build on that rather than having this ongoing in-and-out cycle of "Exchange apologizes to users, they fought long and hard against KYC and you should now consider yourself doxxed and tracked".