Fiat is the bus you jumped out of falling over the cliff.
KYC is the rope caught around your ankle, pulling you down with the bus.
(See that movie-scene image?)
You (and I) need to cut that rope.

Fiat is the bus you jumped out of falling over the cliff.
KYC is the rope caught around your ankle, pulling you down with the bus.
(See that movie-scene image?)
You (and I) need to cut that rope.

Sure KYC is bad but without proper p2p contracts its literally the only way for average person to buy a reasonable amount of BTC.