A Bitcoin address is nothing more than a randomly generated "sausage of numbers and letters" and it's damn unique. If paying the minimum attention when copying the address of someone before sending funds to it, there are almost zero chances you can send those funds elsewhere.
There are of course exceptions as in anything in life, but usually is that simple. If using a bar code scanner the situation is even simpler than that. There's no ID tied to a usual Bitcoin wallet of course. When we're talking exchanges wallets there is the KYC that somehow creates an identity over that wallet, but that applies only to CEXs.
You have some transaction history tied to it and so on, but if you simply download a software wallet or buy yourself a Tresor or a Ledger, you don't need to provide any ID to none of them to be using such apps and the blockchain technology.
It's not the same thing with banks. When you open yourself a bank account, you have literally every personal detail shared with the bank and once in a while they call you to update your current personal info. Bastards...
Why all of that? Do banks really care?
Actually they don't care that much, but the establishment behind them is highly interested about every damn piece of information they can store "on behalf of its citizens", just in case. It doesn't mean that someone at the bank right now, or from the government is actually scrolling through my online activity tied to my bank account, that involving cash transfers and purchases, but they want it to be there.
Just in case...
They are now talking about your web history being tied to your credit score
Mastercard is working on digital ID
There's already a credit card that blocks your card when your purchases reach a CO2 limit
You know social credit scores and climate change passports are coming.
-PeterSweden source
They first had the 9/11 event as a catalyst of gaining more control over the private lives of the US citizens and the majority of the world, now they have covid which is gaining them(the establishment) even more control and before you know it we will have a social credit scores system just like in China and bye bye freedom, as we used to know it.
Luckily Bitcoin fixes that, as long as it is used outside centralized exchanges traceable systems and no one in the world can have access to the identity of one Bitcoin wallet sending 1 million satoshis to other Bitcoin address. On-chain data has the ability to track transactions, but it doesn't have the ability, as it hasn't been designed as such, to associate location and IDs to any address.
The reason why the establishment is so desperate about regulating any centralized exchange is to gain more control over crypto users. Crypto exchanges(CEXs) are usually the gates through which the majority of crypto investors are getting in and out of crypto through fiat. Whoever controls them, controls the users as well, as ultimately most of the money made from crypto end up in bank accounts that are controlled by the establishment.
You literally can't have crypto without fiat and vice versa at this point. In order to purchase yourself cryptocurrencies you need fiat money and a bank account(in most cases), being able to spend cryptocurrencies or use them to buy stuff also involves some sort of ID verification or a crypto card that allows that, but that would be tied to your identity as well.
El Salvador, although an almost insignificant country in the world, has somehow found the sweet spot. It's provided its citizens with free Bitcoin through the nation's native wallet, Chivo, which might involve some KYC, but you can buy stuff in the country with Bitcoin by using literally any Bitcoin wallet. It's your choice.
The modern world doesn't offer much options and seeing the trends here with covid and this CO2 emissions narrative, combined with these social profiles that are probably gonna be implemented everywhere, covid passports being a test pilot for that, it's clear that what happens in China might happen everywhere in the world. It's really on us to transform cryptocurrencies into actual currencies and avoid the establishments tools that are designed to further enslave us...
Pffff, I'll stop here. I wanted to go much more into details of some conspiracy theory that somehow seems to be fulfilling, in the middle of the current world events, but it's too much for one post, maybe next time. Have a great day!
Thanks for attention,
Adrian
