Topic: Bitcoin and crypto currencies are getting dangerous - page 5. (Read 863 times)

Every centralized exchange enforcing for KYC, not every exchange. When a new exchange launch, then we raise questions from which country its registered, is it have a license from the government? But we forget that, if a centralized exchange operates belongs to the government's license then there will have some rules regulations, and its outcome is KYC. Exchanges likely forced by governments to comply with regulations to prevent fraudulently.

However, it wouldn't prevent your financial freedoms if you do not use them. It's not mandatory to trade on an exchange, bitcoin wasn't built just for trading. It's a peer to peer decentralized cryptocurrency. Still now it's decentralized and it will remain. Problems are with centralized exchange which you would avoid.

You're technically blaming the exchanges themselves, not crypto. Heck, why are we even blaming a medium for doing something invasive towards our privacy like KYC? Mediums don't move by themselves you know, and additionally, KYC is optional in terms of you accepting the usage of that exchange. If you don't want KYC, don't use their exchanges, find some way to transact, like DEX's or Peer to peer sites.

Centralized exchanges ask for KYC mostly for security on the other hand, they just want to provide the service that people want them to have. It's a give and take. They give out quality exchanges and secure your transactions so possibilities of being hacked is minimized as much as possible, while you as a user help them do just that, by providing information. Doesn't mean that you can only use them when using BTC, there are others out there that don't require KYC.

So your worried about centralized exchanges will force his customer to submit KYC/personal information? Just don't use them and start using decentralized exchanges (e.g. bisq [1], hodl hodl [2])

IMO it's enough to answer your question, better to lock your topic 

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[1] https://bisq.network/
[2] https://hodlhodl.com/

KYC is necessary due to all kind of regulation. You wanted mass adoption, you get regulation, KYC and AML

  this is just assumptions and paranoia, No facts to support your claim.There could be a number of reason why KYC on "centralized exchanges" are reaching Forex broker levels but assuming it's main drive is mass surveillance is foolish. This seems more like an indication of how the game is maturing.

That is to be expected, once regulators steps in, KYC, monitoring and anything about user surveillance is possible since the government will monitor it for "AML".  Government regulation is the price of being adopted. Aside from that, there are few merchant that accept BTC without third party mediators. andt most of the legal shops that accept BTC always ask for customer detail for shipping their products (so there is nothing new in this case).

It is either we hold our BTC and dwell on DEX and keep our privacy or convert it to fiat and comply with government regulation thus providing KYC to centralized exchanges.  There is not much of an option.

KYC has nothing to do with freedom.ID verification is required when you use any fiat financial service(opening a bank account,forex trading account,using services like Paypal or Skrill,etc.)
Why the crypto exchange platforms should be different?They are considered to be financial services as well,so they have to abide by the same rules as fiat financial services.
The people,who are whining that they can't use mixers and complaining about KYC have something to hide from the authorities.

I only consider centralized exchanges viable for traders. There isn't really any DEX you can go through that lets you reliably daytrade, so it's the only remaining option. If you're willing to focus completely on privacy and freedom, then go for a DEX instead but don't be surprised if you don't see volume or offers at all. While I hoped they'd become a hype this year, unfortunately to me it looks like the opposite is actually happening.

Other stuff you might be interested in is mixers and Monero, although they're kinda starting to get unofficially "banned" every now and then on various platforms. Also, don't you think using a DEX is enough for your privacy to be improved. You probably have to change many other habits, such as using wallet addresses separately instead of linking them together through txs (address control if I remember the name correctly). And now that you have already had KYC requests, it might be a good idea to never use your old addresses again - perhaps you could start a new wallet instead, to avoid small but costly mistakes such as forgetting to use address control.

When you joined the exchange you complained about in the last thread, you accepted some terms - including KYC possible verification. Unfortunately, it's what regulations push for under silly excuses such as "the fight against illegal activity"..

you are confusing bitcoin with centralized services.
bitcoin is the same way as it has ever been regarding the level of privacy and freedom it provides. but when you decide to use a centralized service with this decentralized currency then obviously you are subjecting yourself with all the rules that centralized service forces on you.
if you don't like that then don't use them!

I noticed how every exchange now enforces KYC on every individual that registers on their site, also the global governments/exchanges tracking bitcoin users and monitoring how they spend their bitcoins with the advanced visuals tools that’s out there, I believe if this stays like this and more and more companies start to enforce kyc on it customers, we will lose our freedom, people think bitcoin is the freedom but no it’s aint I believe it’s the most invasive surveillance mechanism ever, we can’t even use mixers anymore it’s basically doesn’t work because at the end of the day it’ll leave a trace no matter what you do, this is heading towards a solitary environmental and it’s not a good idea at all. Lets think twice and focus on our freedom, privacy and future.