Would you buy and use bitcoin if every transaction required KYC?
#privacy 
Discussion
*The highlighter area is the mining pools that enforce KYC.
How do they enforce KYC?
Cannot join the pool without KYC probably
But the distinction in the statement is “every transaction” versus kyc in mining pool participation.
Maybe it's also a reference to point of sale KYC where the merchants require it. The question becomes "would you use bitcoin if mining it and using it in stores required KYC".
It’s not if, but when, if the state gets their way.
https://www.nobsbitcoin.com/fincen-wants-to-outlaw-certain-bitcoin-on-chain-transactions/
Indeed.
Mining Pool Requirements: Mining pools, which often comprise a significant portion of the hashrate, could be required to implement KYC procedures for their members. Miners joining these pools would need to provide their identities and comply with KYC rules set by the pool operators.
No
Why not just use usd ?
That would take away pretty much half of the utility. Still a better store of value so yeah probably. But I would do everything I possibly could to wriggle through that.
No & they shouldn't enforce kyc protocol to the mining pools. If that happens the open source cryptographers will need to develop a new protocol to a brand new blockchain to have specific rulesets for how the mining operation would work. It would be a revolutionary work to change the entire structure but one with purpose for the better.
Everything changes if you don't you die we adapt thats how we survive. The protocol will change to adapt so the purpose stays alive. Unless nobody does anything then the opposition can do it first & open spurce it so simps will code for them.