Right on. In addition, most of those KYC processes are a right pain in the ass. Then a photo is too large, then it is too small, then you're not allowed to smile, then this, then that. I am sick and tired of if. I am also for fully decentralized exchanges. Hopefully we will see a ton of those surfacing soon.
You know I would not be surprised if the process was designed to be such a pain intentionally, I do understand why some places are doing it, they need indisputable evidence of whose fingers are on the keyboard. But places like poloniex or bittrex do not need to know whose fingers are on keyboards unless they are working with the authorities, linking wallet addresses to legal personalities so they can go kicking in doors over this transaction or other. Its utterly wrong, and they deserve to be hit in the pocket, as much as it would hurt me I prey for a penny per coin, maybe then they will sort their acts out and undo this KYC stupidity.
I Will never recognise terrorists masquerading as guberment, in order to get an ID to share with idiots on the internet. Bittrex are already holding some of my coin hostage and are attempting to extort ID from me. The funny thing is, they could have 100 of my coins, and I still would never get an ID, that would tell guberment I accept their existence when I do not and will never accept them.
I hope we see some decentralised exchanges soon too, I did look at bitshares a while back, but I was not buying 1000 BTS to open an account.
If somebody could clone polo and embed it into a qt type wallet that has no server or hot wallets, I would almost definitely install and make use of it, as long as we were given guarantees that everything was encrypted and the soo called authorities have no sway. Obviously I appreciate this is beyond my skill level, but where there is will, there is always a way...