This would come as no surprise, since all the original promises of Bitcoin circa 15-ish years ago are long dead. The turning point occurred when all exchanges agreed to report transactions directly to the IRS. I say this as someone who had an interest prior to that but lost all interest when the Crypto community sold out its ideals and consented to certain regulations in the interest of mass marketing cryptocurrency for the purpose of speculative profit.

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andirk 3 days ago | parent | next [-]

Doing KYC is somewhat against the whole idea of like "no government involvement" but it doesn't negate that the government controls the currency.

You lost all interest because Bitcoin became attractive to people who deal with companies who insist on KYC? How is that in any relation to the underlying code or mantra that Bitcoin is about?

	▲	jollyllama a day ago \| parent [-]
		Yes, I lost interest at the point where entirely all of the on/off ramps to Bitcoin submitted to universal data sharing with the central government in the interest of greater profitability. At that point, "being your own bank" is gone, and the process is equivalent to withdrawing cash from a normal bank, and the value proposition of Bitcoin is limited to its features as a deflationary speculative asset.

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throwawaybtc 4 days ago | parent | prev [-]

Wait until you find out about the TRUST program and all the exchanges reporting PII to another.

	▲	3 days ago \| parent [-]
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