I see, you've never been banned from an exchange so you think it's still permissionless.
Plenty of room at the Hotel California.
Exchanges are the fiat side of the trade. Of course they ban people. That's what regulated on-ramps do.
Bitcoin itself? Nobody can ban you from holding keys, running a node, or sending transactions. Hotel California is the system that convinced you exchanges are Bitcoin.
Bitcoin itself? Nobody can ban you from holding keys, running a node, or sending transactions. Hotel California is the system that convinced you exchanges are Bitcoin.