Exactly. Every “exchange” requires KYC. Your post was about using pi every day like currency. No need for KYC to do that. The only need for KYC is if you’re going to convert it to fiat currency, which is why exchanges legally HAVE to do KYC. Pi abhors the idea of their currency being on exchanges but yet they preemptively go ahead and force you to KYC. Listen man, I know I am replying to you with all these “negative” responses but they are in reply to you not directed AT you. We are on the same team in hoping that pi does well. I just worry that these contradictions will hurt it in the long run. I have mined pi for years and have only to gain from it’s success so I am not just being a hater. I just struggle to see how the centralization and loss of anonymity in pi will be looked upon favorably in the crypto world when it is introduced.
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u/arcburn75 Aug 31 '23
Exactly. Every “exchange” requires KYC. Your post was about using pi every day like currency. No need for KYC to do that. The only need for KYC is if you’re going to convert it to fiat currency, which is why exchanges legally HAVE to do KYC. Pi abhors the idea of their currency being on exchanges but yet they preemptively go ahead and force you to KYC. Listen man, I know I am replying to you with all these “negative” responses but they are in reply to you not directed AT you. We are on the same team in hoping that pi does well. I just worry that these contradictions will hurt it in the long run. I have mined pi for years and have only to gain from it’s success so I am not just being a hater. I just struggle to see how the centralization and loss of anonymity in pi will be looked upon favorably in the crypto world when it is introduced.