Dude over 51% of your mining pools require KYC. That's not a security problem lol?
Miners also have the potential to perform targeted transaction censorship on Bitcoin which isn't possible on Monero.
Discussion
Yes, that second shit freaks me out.
I'm not saying KYC is desireable, but it has nothing to do with the network's security.
Separately, I do not see the point of a currency that is losing value over time and the exchanges are delisting. The message to the initiated is that monero is failing (and as a practical matter it is). That's a doom cycle and a waste of time.
You're saying regulations and identities tied to miners aren't a security problem for Bitcoin when it's over 51% of hashrate?...
Explain why white market transactions on exchanges matter for permissionless money? One excludes the other. Black markets are the only place where you can make permissionless transactions. Every single Bitcoin transaction on the white market is permissioned so defeats the entire value prop of Bitcoin. If you're going to follow the rules for a transaction you might as well use fiat.
Meanwhile Monero is eating Bitcoins lunch in the only place where permissionless transactions exist