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🇨🇭 The Swiss Hodler | Bitcoin = Freedom 4mo ago

🚨 BIS Proposal: KYC Your Own Coins 🚨

The Bank of International Settlements 🤡🌎 just dropped a dystopian idea:

Every coin tracked, every wallet scored.

🔹 Coins from KYC’d wallets = ✅ usable

🔹 Coins that ever touched a non-custodial wallet = ❌ tainted, blacklisted

Translation: They want you to self-KYC just to keep your own Bitcoin spendable.

Peer-to-peer freedom → turned into compliance policing.

This is surveillance embedded into the money itself.

Financial privacy = treated as suspicious.

Sound crazy? It is.

But give it time, and it’ll creep into FATF rules and EU directives — normalizing the idea that self-custody = criminal.

The Clown World dream: “legal” Bitcoin that’s permissioned and neutered.

The Bitcoin dream: incorruptible, borderless, unstoppable money.

Choose wisely 🟧

#bitcoin

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Discussion

91
Alfore 4mo ago

How does a central banker hunt elephants...

Building a fence around himself and declare the inside outside.

More and more money will ultimately ignore the system.

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Ramon 4mo ago

they have to do it, they know their time is limited..

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Martien 4mo ago

Can someone with real understanding of bitcoin tell me if this is technically even possible?

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🇨🇭 The Swiss Hodler | Bitcoin = Freedom 4mo ago

Not on Bitcoin’s base layer.

What BIS is floating is an off-ramp control scheme, not a protocol change. Because Bitcoin’s history is public, exchanges and custodians can already “score” UTXOs and refuse deposits they don’t like. That can make non-KYC’d coins harder to sell into fiat, but it can’t stop you from sending peer-to-peer.

To actually embed KYC in the protocol would require a contentious fork where every node and miner agrees to enforce ID checks — which is basically impossible. Bitcoin doesn’t know who you are, only whether your signature is valid.

So:

âś… Feasible: blacklists, allow-lists, wallet/app restrictions, and exchange refusal.

❌ Not feasible: forcing self-KYC into Bitcoin transactions or making coins “unspendable” if they ever touched self-custody.

The fight is political/regulatory at the edges, not technical at the core.