Why Know Your Customer (KYC) will be the end of Bitcoin & More to come
Why KYC will Destroy anything in its Path?
If you truly look at why KYC is implemented in my eyes Forced!. At first sounds great, legit even supported with good intentions, But like everything " The Devil is in the details". In this case it really is. As we can totally see very clearly that are so called world Leaders, Have all gone Bonkers! & Fully Funded with are hard earn Money Extorted by Tax!. Given that with Covaids Gave Criminals a free to pass jail Card.... , Just my way of seeing things by norm We should have a say in what are Gov dose With are money Bodies after all there supposed to work for US... Just not reallity.
Why is KYC Important?
The aim of KYC is not to annoy the customer with bureaucracy and paperwork, but to prevent identity theft, money laundering, terrorist financing, and financial fraud. A KYC check allows a company to better know their customer and manage risks accordingly. So they SAY! this would also be the only reason given
Lets break this down,
KYC- Not to Annoy customer with bureaucracy and paperwork, but to prevent identity theft. Really?
Logic- Annoy it dose, Bureaucracy to take there cut, Prevent Identity theft? Why ask for it in the first Place? To take there cut...
KYC- Terrorist financing, and financial fraud
Logic- The Government Funds war Weapons Manufacturer That sell to The So Called Terrorist... As well is direct Funding to Governments that are Know for War! George W Bush! financial fraud ? eliminate the possibility of opting out!
So in a Nut Shell there are no real benefits To KYC, Unless your the Mafia the collects the funds in the form of Tax. With once again the blatant lie Its For the Better of the collective Public Structure, Pay Well fair , Pay War criminals like Bush & Dick Cheney and Pay Israel due`s For Only God Know`s What. Finance criminal scheme that are politicians impose upon us rather you like it or not.
So why would China and the World Ban it, If the surveillance is better then the current system?
Simple, They still cant fully control The Money supply. You cant make more BTC then what is already Caped. Then if you do, Drop....dead value There are already People selling New mined Crypto for more Value then its worth, Because of this KYC nonsense. If they were to of left BTC Alone. It would of been what we all wanted, Once it gos GOV , Every Good idea dies! This is why the GOV coin is ready to take its place! That why Elon " The Clown" Musk. and Friends want to Manipulate BTC. Like Dogecoin. its the Joke coin of the century! Market cap is bigger then Coin at 50 usd. "The sheeple will follow.... " Its Crazy! . But they wont do the math! and the research to see its a bad idea and dumb idea! Give its like are Fiat system already in play! that is losing life day by day... I see the Mainstream playing the Public with these Joke coins BTC AND DOGE. So people will go with the idea the Gov Coin is the perfect model...
Video that will Explain KYC to even a 3yr Old - Justin Ehrenofer - https://www.youtube.com/watch?v=NwieiDS10mc