Tying your identity to a large sum of liquid assets is very dangerous. Avoid KYC like the plague.
There should be criminal charges against the scum bags that force the collection of personal information at gun point.
This is the lemmy community of Monero (XMR), a secure, private, untraceable currency that is open-source and freely available to all.
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Tying your identity to a large sum of liquid assets is very dangerous. Avoid KYC like the plague.
There should be criminal charges against the scum bags that force the collection of personal information at gun point.
If the client used Monero, such a kidnap wouldn't have happened.
That might be a good point :)
@Saki aka "CEXes, and why not to use them"
Admittedly it may sound weird, as if trying to protect a kidnapper or thief. But that’s not the point. If they can freeze “bad guy’s” funds, they can freeze anyone’s funds. The problem is, “they” can define something or someone arbitrarily as “bad” or “suspicious.”
On the other hand, of course any Monero supporter thinks it would be nice if we could catch the attacker(s) and the stolen funds would be returned. Is this self-contradictory?