Whats so special about BTC?
Hey there, so I've been into crypto for over a decade now, and I used to be a huge Bitcoin fan. But lately, I'm starting to have some doubts.
Remember how Bitcoin was supposed to be like, a decentralized form of money, free from the control of any government or bigwigs?
It was supposed to be peer-to-peer, cutting out the need for banks and all that jazz. And
it was supposed to be a hedge against inflation, right?
But here's the thing that's bugging me.
It's getting harder and harder to buy or sell Bitcoin without going through all these Know Your Customer (KYC) checks. And guess who's getting into it?
Banks and financial institutions! They're slowly becoming the big players in the game.
On top of that, traditional firms and ETFs are jumping on the bandwagon.
This means that Bitcoin, which was supposed to be decentralized, is starting to follow the same patterns as traditional financial markets.
What if they all decide to dump their Bitcoin at the same time?
Now, don't get me wrong, I'm all for KYC and checks to prevent illegal activities. But I can't help but feel like we're straying away from the original vision of Bitcoin. I'm just here to have a chat and clear things up, not to argue or anything.my concern is not the KYC but the vision or BTC vs the reality.
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