Aren’t all bank accounts kyc?
Why aren’t there billions of people already coming after people in the west?
Not sure about your take
Discussion
Fiat going to 0
bitcoin is the most powerful thing in the world.
There are 2 ways to get what you want
1. Make
2. Take
you have people that make/take/create
You have people that take
Did you read my note? Seems like you were arguing against kyc bitcoin, now against fiat. Not sure I follow
My point is simple:
nokyc bitcoin > kyc bitcoin > fiat
Yes all banks are kyc.
And yes its even happening now.
Identity theft damage/volume is more than all property or other theft combined
I guess what I'm trying to say is that in nature there is competition for resources
And soon everyone will know who has what (kyc).
Can you really protect yourself from everyone in the world? when in history has people not tried to take something from others? Even if you don't try others will.
Sounds stressful to me.
kyc bitcoin and fiat in bank accounts are both kyc. I rather have kyc bitcoin than fiat. Stressful or not it is what it is
Let me give you example
Imagine bobby has 7 thousand 500 bitcoin and lives in: address 5b.
30x of his family/relatives names/school/work and info: here
Here are all pictures of him since he made his accounts in 2004. Here are his voice recordings fom Skype/discord/all other stuff leaked.
just bobby living minding his own business
some camera or microphone somewhere will detect him/audio and ai will flag him. Or just find his family the same way.
Basically 7,500 btc is just for fun example. Inspired by the guy who lost hard drive with 7,500 btc. But the same thing will apply to someone who has 7.5M sats or 750k sats
You’re supposing that the person wasn’t pseudonymous online.
Whereas for fiat, you can’t receive your salary, inheritance, etc under a pseudonym
My point is that Bitcoin (nokyc or kyc) is always better than fiat. And nokyc bitcoin is better than kyc Bitcoin. Like I said in my first reply
Fiat
Example countryX outside the US = everyone has been robbed 70% in 10 years just by inflation alone.
Bitcoin
no "inflation" yay.
how can your money be taken?
1. You give (anon provides amazing service/product so you pay)
2. force you to transfer by force
Yes
bitcoin is better than fiat
Yes
kyc bitcoin is better than fiat
But there are 2 types of bitcoiners
1. Bitcoiners
2. Bitcoiners on lists
people will come after bitcoiners on lists
KYC exists so people can come and take your shit.
That is why cars have license plates. So people can come after you. That's why when you order socks online, you put in info, so the socks can come to you.
Kyc = way to come after someone
basically it does not matter what you think people on lists are gonna be targeted. we are early that is why it does not seem important but this is actually one of the most important things.
Yes all bitcoin = bitcoin
And people want bitcoin
why be a target?