closed on Nostr: It is sad to see popular Bitcoin services newly support government ID KYC. Banking, ...
It is sad to see popular Bitcoin services newly support government ID KYC.
Banking, credit cards, Paypal and Western Union already exclude people without ID. Cash is local-only, and being phased out. Crypto is the only thing we have left.
Supporting, enforcing or normalizing government ID KYC cuts off people who truly need crypto: People without the state's permission, cut off from the mainstream economy and traditional banking, who still urgently need a way to earn, spend and save money.
If your country of birth or residence refuses to print ID for you (e.g. due to circumstances of birth), there are no alternatives. Red Cross/United Nations can't help.
People should not be punished or excluded from a service, just because a country refuses to print ID for them.
Financial inclusion means for everyone, not only for people who have an entry in the state's database.
KYC-free Bitcoin already helps people to work remotely, shop online, receive donations or send remittances. For many people, it's the only thing that works.
Don't take this lifeline away from those who need it.
Don't allow the state to continue to arbitrarily shut out 1 billion people from the economy, as it already does with the banking system.
Don't let the state destroy our tool for freedom.
Don't enforce government ID KYC.
#Bitcoin #Monero #Agorism
Published at
2023-05-16 14:33:02Event JSON
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"pubkey": "7d5afaa7cf83adeaea23a55e4d81c7888f4fbdf0d7e57f5d1055f2d0c1f00f8a",
"created_at": 1684247582,
"kind": 1,
"tags": [
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"content": "It is sad to see popular Bitcoin services newly support government ID KYC.\nBanking, credit cards, Paypal and Western Union already exclude people without ID. Cash is local-only, and being phased out. Crypto is the only thing we have left.\n\nSupporting, enforcing or normalizing government ID KYC cuts off people who truly need crypto: People without the state's permission, cut off from the mainstream economy and traditional banking, who still urgently need a way to earn, spend and save money.\n\nIf your country of birth or residence refuses to print ID for you (e.g. due to circumstances of birth), there are no alternatives. Red Cross/United Nations can't help.\nPeople should not be punished or excluded from a service, just because a country refuses to print ID for them.\n\nFinancial inclusion means for everyone, not only for people who have an entry in the state's database.\nKYC-free Bitcoin already helps people to work remotely, shop online, receive donations or send remittances. For many people, it's the only thing that works.\n\nDon't take this lifeline away from those who need it.\nDon't allow the state to continue to arbitrarily shut out 1 billion people from the economy, as it already does with the banking system.\nDon't let the state destroy our tool for freedom.\nDon't enforce government ID KYC.\n\n#Bitcoin #Monero #Agorism",
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}