Sad thing is that, we cannot stop this KYC because some exchanges are now required by the government for this kind of information. Though I don't see any reason why do you need to fill up a KYC form for an airdrop, its quiet smell fishy if those airdrops asked for you to fill up the KYC form, be careful on this.

Having KYC is not bad since you have to provide some information about you, but some are eve requiring proof of bill that is in your name, how does even student can give such document for electric bill and they are still living with their parent.
Then some are even asking for passport and don't considered a national or government issued ID are you applying for immigration? Some project seems to be stupid if they even asking for police clearance with ID picture, looks like we are applying for loan.

So before you hate on my strategy, let’s put everything into perspective. If you used my strategy and traded 4 times per year, (assuming you hit your 5% gain and compounded your gains) you would hit a 20% gain for the year. That would blow away almost every hedge fund out there. Also, you would drastically reduce your risk because you would be only in the market for short periods of time. Flash crashes would be much less likely to affect you.

If I followed your logic I wouldn't give my information to anyone because I only trust myself 100%, even my wife would get 99%, and an online project launched by someone who I didn't even meet in person would be at 50% tops.


A bank can't compare to a coin exchange or an ICO. I had to set up a bank account even before I was 18 because this was the only way to get a job or receive scholarship. You have to do it or you won't be getting any money, ever. That's how the modern society is built. So, I didn't want to be a poor hermit all my life gathering berries and begging for money, I went to a bank and gave them my information.
This doesn't mean that I have to share this information with random people in the Internet. You can allow one or two companies to have your data and be completely fine. Start giving it away online and you'll get into trouble sooner or later and when that happens you won't even be able to tell who sold you. I feel rather safe knowing that if someone steals my identity it had to be the bank, or some other government institution, because nobody else has it. How about you?

It certainly does give identity thieves opportunities to steal your data. And these days even if you don't want to touch fiat you may still have to do KYC if you want to use a casino or buy an ICO. None of these activities involve fiat yet KYC is still being done.

+M for u.

Enjoying your supporting arguments, just thought I'd let you know.

https://bitcointalk.org/index.php?topic=4400856.msg39163811#msg39163811

Nobody knows your details if you don't use KYC? What about everywhere else that has your data? Your mobile phone. Your internet. Your banking. Your Subway loyalty card. Are you a ghost? Data gets stolen (often without you knowing it) from everywhere and then anyone can use it. Have you ever had mail sent to your house? Then the postman knows your name and address. Ever used a debit card? Then anyone who works for visa knows your details and anyone you hand your card over to can copy it. If there's no checks and all it takes is a name and address it becomes much easier for anyone to use these details. Anyone who sends you something you bought off ebay could just use your name and address to sign up with an exchange account. You think this should be ok? I really doubt you're so off the grid even satoshi would be impressed.

Also I don't care about tax evasion. It's a total manufactured crime where the "victim" is the government that is shaking people down for their hard earned money. It's not comparable to real crimes like murder, kidnapping, or rape yet the penalties can be just as heavy! This is such a non libertarian worldview that it honestly surprised me a guy with a legendary posting history would see things that way. Stop being a sheep man! Wake the fuck up and stop giving government thugs the benefit of the doubt.

The crime is against society. If you don't like the laws of that country then you are free to leave. Tax evasion might not be comparable to rape and murder but that's irrelevant. We live in a society where everyone is meant to chip in what they can afford so that everyone benefits. Do I think taxes should be spent on wars and furnishing politicians homes? No. But I believe in roads and hospitals and emergency services. I would have respect for you if you're a true anarchist but you're probably not. What I don't have respect for is people who use all the services that their country provides but don't want to contribute to paying that under the guise of the government is criminal. You probably also do the same thing as all these "sheep" and "slaves" you condemn do: go to work, pay taxes, use government services by day, but by night you're sticking it to the man in any little way you can on a bitcoin forum. If you feel like that move to a tax heaven and pay nothing legally and then you can be a real anarchist.

Then move to a country that doesn't have them. I really doubt you would live in a country that has no sorts of laws and regulations and everyone just fended for themselves. People are quick to complain about this stuff from their iPads and the comfort of their own home in the West but aren't really willing to do anything about it other than complain about taxes on the internet. These laws are meant to protect people and curb organized crime, but I agree they shouldn't be abused in the ways you describe, but should we do away with all government laws, regulations and taxes? Lets get rid of building regulations and the police. When a building falls down due to shoddy work and there's no law or police to enforce it who is going to be held accountable? That's the sort of country you would live in where infrastructure collapses and lawlessness exists and crimes go unpunished, and there are plenty of countries like this, but I can assure you they're not very nice places to live in.

Just because I think certain regulations are helpful to a safe society doesn't make me a sheep. I could just as easily argue the real sheep are the people who just parrot that government and taxes are bad without actually offering any viable alternatives whilst simultaneously benefiting from the society and government they condemn.  

its really a shoking news ,now we could go to jail for using any crypto currency and its just a retard decision knowing that its comming from the same country who kept boasting about launching their first satelite and being a future proof country... anyways for anyone comming to morocco be careful ,the prisons here are already crouded .

Not using KYC also gives thieves an opportunity to use your stolen data. Anyone could use your name and address otherwise. Do you think we should get rid of such things as KYC laws and just let criminals evade taxes and launder their money freely by creating bank and exchange accounts under fake names and addresses?

It doesn't.

You have to understand that there is a major difference between the centralized and decentralized aspect of this market. The decentralized part will always remain unaffected and will always allow you to bypass these measures. The centralized part of this market is where everything starts to become very interesting, because this part is the only thing authorities can control, and for that reason they will choke it with regulations in every possible way till they feel somewhat comfortable.

The choice is and will always be open for you to be made. No one can force you to do anything you don't want. People just need to remain realistic and accept that the centralized market comes with drastic measures, and that they aren't against crypto at all. Regulations are there because this market has been maturing rapidly. People want massive growth and mainstream reach, well, this is what's needed. Crypto is no longer mainly a niche thingy.

Bitcoin was supposed to be used as a currency, not only a form of investment. However, it's been more successful as a form of investment, a "speculative asset".

Do you guys think that this can change in the long term ?

Putting down Bitcoin publicly is for only 1 reason for him: his own interest, for money. His attempt to disrupt Bitcoin is also followed by the majority of the BCH community following the same path and using the same method. Will we see all of the BCH trolls apologies in public as well? No. He did it for a very long time now and he doesn't deserve some sympathy for this video

Bitcoin doesn't need Roger Ver to advocate anymore. We are fine without him

Yes, investments were reopened to new investors when they added Bcash.

https://blog.crypto-games.net/2018/04/added-bitcoincash.html