The question before us is: KYC allows us to use lightning to spend Bitcoin. For the development of Bitcoin, is it more important to use small-amount payments or is it more important to keep the privacy of small-amount payments?
Discussion
Yeah, but you don’t have to KYC to use lightning. It’s easier yes, but not requisite.
Yes. But most of the people who use Wallet of Satoshi and Phoenix are ordinary users. This is the minimum threshold for them to use sats. According to the current anti-money laundering trend, ordinary users who join in the future will use KYC wallets. But from another perspective, the more people use and consume sats, the better it is for Bitcoin.
Indeed. KYC will always be easier. Compliance is convenience.
The most secure form of capital ever invented by humanity, and we are in a struggle between ideals. Is it more important to be able to keep the capital we have safe and hidden from the world, or is it more important to use that capital to build a civilization that reaches for the stars.
We are at such an early stage, I really hope making the wrong decision won't hurt our chances of reaching for those stars. I think the velocity of money is more important given the two choices you present. We need to use this capital to build, not just lock it away and protect it so we can wish someday in the future we had done something more with it.