Do you know the difference between anonymity & privacy and why it is extremely important?
According to Safecoin (which i've been buying lately):
Often these terms are used interchangeably, but they differ significantly. A transaction is “anonymous” if no one knows who you are. A transaction is “private” if what you purchased, and for what amount, are unknown. Credit card transactions are not anonymous nor private. Your information is fully available to the issuing bank, the merchant, the credit card network, and law enforcement – if subpoenaed. In this regard, bitcoin is anonymous but not private. Identities are not revealed in the blockchain – but every transaction is visible. A bitcoin user connecting with their personal information to centralized exchanges or using online wallets has now inadvertently given up their right to both privacy and anonymity. As a result, there is little difference in anonymity between using Bitcoin and using a bank to transact.
QuoteWith this understanding that bitcoin is not anonymous, different methods and techniques have been utilized for those with sufficient motivation to obfuscate their transaction history with the help of mixes or tumblers. A mixer allows users to entrust a set of coins to a pool operated by a central party and then, after an interval, retrieve different coins with the same total value. Unfortunately, the mixer can still trace coins, and the mixer can also steal coins.
"We will spread ourselves across the Planet so that no one can arrest our thoughts.” -John Perry Barlow – A declaration for the independence of cyberspace
What is KYC? It stands for "know your customer" and requires us to prove our identity. In the future this can lead to government tax departments to violently (if we refuse) make us pay taxes. What do governments do with (a lot of) taxes? Amongst other harmful practices, they drop bombs on people. They quickly or slowly kill people with toxic food, toxic so called medicine, they spray chem-trails in the sky, they brainwash us via media and so called education with lies so we effectively become their slaves so they can suck our energy (labour, money, anything they can).
So, according to me, if we use exchanges exchanges which require KYC, then we are supporting the corrupt organisations who demand exchanges to require KYC, thus supporting widespread violence, often manslaughter, murder and genocide of our fellow human beings.
From the bigger picture (from the perspective of unity) we are actually supporting violence against ourselves (there being only one true self).
So, i think it extremely important that we consider very carefully the consequences of using organisations which demand KYC.
Over and out for now, with Love,
Atma