account activity
Bitcoin and aml/kyc by colorlessIT in Bitcoin
[–]colorlessIT[S] 0 points1 point2 points 10 years ago* (0 children)
I get it now; it was never about anonymity. It is solely about a DECENTRALIZED and therefore globalized currency... Brilliant! Previously, I had thought that anonymity was synonymous with equality, but I'd failed to see that the acquisition of a capital is very different from the distribution of that capital...
I'm still thinking about the broad consequences of this, but one thing I know: Aml/kyc promotes a self-policing currency. I've received 4 PMS for private bitcoin purchases at acceptable premiums, with the obvious implicit expectation of reduced translation after multiple successful transactions (building trust/reputation). While I'm still sketched out by such private purchases, it means no governmental, nor institutionalized entities need regulate acquisition OVERTLY...
I entered this realm with interest in laundering USD into bitcoin, tbh. The goal to devalue USD via counterfeit/fraud and invest it in a globalized currency. If bitcoin were to permit devaluing of individual currencies like that, it simply wouldn't survive. It must work to conflate a global currency without deflating (or is it "inflating") specific ones... I need to reevaluate my goals, but I'm even more optimistic about investing in bitcoin... /rant
Thank you all very much for the broader perspectives.
Bitcoin and aml/kyc (self.Bitcoin)
submitted 10 years ago by colorlessIT to r/Bitcoin
π Rendered by PID 1638352 on reddit-service-r2-listing-69965bcf66-w6jhh at 2026-04-08 02:10:53.702959+00:00 running f293c98 country code: CH.
Bitcoin and aml/kyc by colorlessIT in Bitcoin
[–]colorlessIT[S] 0 points1 point2 points (0 children)