In it fifth episode of Separating Money and the Statewe spoke with the CTO of the P2P exchange, Peach Bitcoinon the risks of KYC to freedom and privacy in the use of Bitcoin.
We discuss how KYC affects privacy in Bitcoin, the evolution of its use in today’s world, and the role of P2P exchanges in resisting regulation. Additionally, the need for self-custody and Bitcoin education as tools for financial freedom is addressed.
The most relevant:
- Bitcoin without KYC is essential for its decentralized nature.
- Privacy in Bitcoin is sacrificed with KYC.
- Centralized exchanges can be a risk for users.
- Self-custody is fundamental to the security of Bitcoin.
- KYC can lead to extreme financial surveillance.
- The evolution of Bitcoin has changed its perception in the world.
- Education about Bitcoin is crucial to its adoption.
- The future of P2P exchanges is uncertain but promising.