An Argument Against KYC Bitcoin That Everyone Can Understand
By Heady Wook We could never stress enough the importance of privacy when it comes to sound money and, most importantly, freedom. Saying that you don’t care about it because you have nothing to hide is pretty much the same as saying you don’t care about free speech because you have nothing to say. You might not fully acknowledge it but you do have (a lot of) things to hide and say, and that’s OK! Not for nothing privacy is officially recognized as a fundamental human right.
KYC (know your customer) is an insidious tool imposed by governments and corporations, at times maliciously, to pull apart the censorship-resistant and permissionless attributes of Bitcoin. Ultimately, the more personal information you disclose, the more at risk you put yourself into since, furthermore, the more someone knows about you, the more power they have over you. Bitcoin is unstoppable, but you're not. You can easily become a target because of your lack of privacy.
The ultimate censorship and seizable resistant feature is privacy! | 