Wow, some valid points here.
Good to know I'm not the only one who's having thoughts like that.
The chicken example is spot on btw
But, if there's such a bad taste when it comes to KYC, how come the majority of traders still use them? There are many alternative exchanges that don't require KYC (yet).
So this makes me think, the majority does not give a crap about their privacy as long as there is some volume on these exchanges to play with?
I get it though, if you trade on bittrex,binance or whatever, you are not easily moving to another exchange. But isn't that a bit "dangerous" as well? I mean, where's the line here in what exchanges ask, and will ask from from us in the future?
I think we can be certain, this is only the start of "regulating" crypto. So when will this go too far/stop? When they ask fingerprints for login systems?
I'm aware of the positive sides of regulation. But lately, it looks like the regulations are going through the roof, and we just follow along like a headless chicken. That's what worries me on the long term. Are the masses agreeing to these regulations too easily maybe?
edit:
There's too much to quote from everyone, and to respond to it. But thank you all for replying and giving your inputs/thoughts on this matter.