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RE: Forget KYC... Make sure you KYE (Know Your Exchange)... Big Brother is watching your Bitcoin

in #funny7 years ago

Love the satire, but you covered some great points. For me crypto is about freedom and being away from centralized systems, yet all these exchanges want to know what your favorite toilet paper brand is to continue trading. I understand a small fraction of people are laundering money or doing other malicious things, but the majority of us are just trying to live our lives and use crypto as much as possible. Ease of use is probably the biggest hurdle for crytpo right now, and this doesn't help.