The beauty of crypto is that you can be active without filling in papers all the time.
Unfortunately, the 'ugliness' of crypto is people scamming/thieving forcing the need for KNY REGULATIONS; blemishing the whole purpose people love crypto.
Bad apples always ruin things in the long run; so, if you know people who brag about scamming the system, you have them to thank.
Peace.
so we move to legal scamming/thieving of the government... i'd rather deal with the scammers than the government... we don't need protection, we need to be educated and learn to take care of ourselves.
the idea that someone else can save you will cost us much more in the long run. i'm not afraid someone is going to take my stuff because they can't, that is what crypto is all about.
I would like to be personally sovereign, I have no interest in the their 'protections'
It’s not ‘we’…it’s more ‘they’…the scammers who have created a huge noose…loophole…seeking to break the backs of exchanges by thieving; thus, creating a rabbit hole for them to start delving into the names and faces of people in the virtual crypto world.
Poloniex is a great example. They would have remained quite content not having to expose their records; but, the fact that their losses are outweighing their ability to ‘write them off’ brings in access to the feds, to the benefits of both entities.
Learn? Humans are born to care for themselves. Enter the world, before long learn to handle a bottle/sippy cup…before long, learn to walk,…you get the point.
Yes, it will; but, that’s the price one pays when thieving enters the picture. A recent ‘someone’ scammed millions into their Wallet…shut down services and powered down and into BTC. No name, no face.
Of course, that kind of muckery is unsustainable. The bad actors are forcing these yucky regulations. I’m sure exchanges are falling prey to class-action lawsuits for people left holding air…matters not who’s to blame…a rip is a rip.
Peace.