The point is, that you can still. But soon you can not. Fees will be way too high. That also means, self custody is not possible for most people.
With KYC, there is no freedom to transact when you have to suffer consequences after you did. Its the same with freedom of speech. When you can say what you want but afterwards you get punished, it is not freedom.
With low onchain fees, people can transact p2p. It is way harder to stop than people using trusted third parties which KYC them. This is not different to Paypal or a bank account. And this is what is happening.
If we learned anything from the canadian trucker protests, it is that we need to avoid KYC by all means and give people the power to self custody and transact with low fees, without intermediarys.
That was the whole point of bitcoin from the beginning.
Real Bitcoin is what is written in the Bitcoin Whitepaper. A p2p currency.
chucklangstrumpf / Chuck Langstrumpf
npub1yv…r00ky
2024-05-30 13:19:43
in reply to nevent1q…8chq
Author Public Key
npub1yv54qfj70fhwkxul7zuqyztvutmegqsdjychan3fp6hsdyvmgpjspr00kyPublished at
2024-05-30 13:19:43Event JSON
{
"id": "9bd04952e9bfdd2115fbf886f0ebd2ee50fad44c9fa98fab9f0df5d130dd9304",
"pubkey": "232950265e7a6eeb1b9ff0b802096ce2f794020d91317ece290eaf06919b4065",
"created_at": 1717075183,
"kind": 1,
"tags": [
[
"e",
"14e59bc8e928aa5950c98674883ae2108531c845c73fb2d0cec648afde8d5217",
"wss://relay.primal.net",
"root"
],
[
"e",
"672f613424910e4214d3240b98506a360a084553a915e602a3e51103167faafc",
"wss://relay.primal.net",
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[
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"juraj"
],
[
"p",
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"chucklangstrumpf"
],
[
"p",
"c410c42d4731775f31ee7c6fb1730d08cf430e40f69cee6f36e9397bfbc555db",
"wss://relay.damus.io/",
"shaunsomers"
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[
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]
],
"content": "The point is, that you can still. But soon you can not. Fees will be way too high. That also means, self custody is not possible for most people.\n\nWith KYC, there is no freedom to transact when you have to suffer consequences after you did. Its the same with freedom of speech. When you can say what you want but afterwards you get punished, it is not freedom.\n\nWith low onchain fees, people can transact p2p. It is way harder to stop than people using trusted third parties which KYC them. This is not different to Paypal or a bank account. And this is what is happening.\n\nIf we learned anything from the canadian trucker protests, it is that we need to avoid KYC by all means and give people the power to self custody and transact with low fees, without intermediarys.\n\nThat was the whole point of bitcoin from the beginning.\n\nReal Bitcoin is what is written in the Bitcoin Whitepaper. A p2p currency. ",
"sig": "d64061c096702f1083fb707efeccb129a9dc7bd0a7b86b2acc4cd7846ef472a73ef6668653d9dce2ff69f97f00c252fd7d98c6a62c3ee1c2d306efb5a53726a2"
}