PaPa Morty on Nostr: One day I'm going to research why and when KYC was adopted in the #bitcoin circle. ...
One day I'm going to research why and when KYC was adopted in the #bitcoin circle.
Was it the difficulty of mining?
Was it an issue of technical ignorance?
YouTube suggested a video that would have shown a lawyer explaining how to pass Bitcoin down to your heirs.
My first reaction is that I'd just pass down the seed, but then I realized that chainalysis exists, bitcoin is transparent, and every transaction exists permanently.
KYC was absolutely the wrong move.
Published at
2025-11-13 00:32:28 UTCEvent JSON
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"content": "One day I'm going to research why and when KYC was adopted in the #bitcoin circle.\n\nWas it the difficulty of mining?\nWas it an issue of technical ignorance?\n\n\nYouTube suggested a video that would have shown a lawyer explaining how to pass Bitcoin down to your heirs.\n\nMy first reaction is that I'd just pass down the seed, but then I realized that chainalysis exists, bitcoin is transparent, and every transaction exists permanently.\n\nKYC was absolutely the wrong move. ",
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