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Author Topic: will KYC laws permanently stifle bitcoin?  (Read 11593 times)
Babylon
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September 23, 2010, 03:21:51 AM
 #21

If more products are being offered for bitcoins there will be greatly reduced need to change bitcoins into dollars (or Euros).

One example I saw was in the bitcoin market section where someone said that he would like to be able to buy barley and hops for bitcoins and sell beer for them.  Now he'd still have to change bitcoins into dollars to pay for shipping, as would his barley supplier to pay for shipping and some other things, but his own need to change bitcoins for dollars would be greatly reduced by being able to pay for his materials with bitcoins. 

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August 30, 2018, 05:38:25 PM
 #22

Already has peaked until Frank absurd. Today, a friend wrote that to pass the KYC, she needs not just to take a selfie, but to shoot a video with a passport in her hands. It's gonna get to the point where we send fingerprints and blood samples to confirm DNA.
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