Can someone give me a single, practical, material benefit that a normative person enjoys by self-custodying their Bitcoin?
My company's bank account has to go through a dreadful KYC process EVERY SINGLE YEAR. One question is: does the company belong to you?
When I tell them "yes nothing changed" and provide evidence they tell me that this is no sufficient. The document needs to be no older than 90 days. If I freshly print out the registry entry as PDF document they tell me they need to have the document to be created by a third party with a record number.
They even want proof if my domain belongs to me even though I paid for it using the same bank account years ago.
You can't make this shit up.
Everyone should absolutely hate KYC. It's the worst thing these fasict assholes created to control people. It needs to be abolished. Anyone who was involved in creating this must go to prison. Maximum sentence. And I am not joking.
When I tell them "yes nothing changed" and provide evidence they tell me that this is no sufficient. The document needs to be no older than 90 days. If I freshly print out the registry entry as PDF document they tell me they need to have the document to be created by a third party with a record number.
They even want proof if my domain belongs to me even though I paid for it using the same bank account years ago.
You can't make this shit up.
Everyone should absolutely hate KYC. It's the worst thing these fasict assholes created to control people. It needs to be abolished. Anyone who was involved in creating this must go to prison. Maximum sentence. And I am not joking.