105 sats \ 2 replies \ @Scoresby OP 8 Sep \ parent \ on: What is the difference between permissionless and censorship resistant? bitcoin
This is an interesting distinction. I'll admit I hadn't thought of KYC as permissioning a system so much as setting it up for the state to come after you at some later date.
If I sign up to a the bitcoin-dev mailing list, don't have to provide any kind of KYC info. But, I wouldn't call it permissionless. My emails may not get to the list because of moderators. So it is certainly not censorship resistant, but on the other hand I'm not sure that a lack of KYC = permissionless-ness.
In case it is still not sinking in. KYC is being imposed by the Finanacial Institutions to trace the people whom are using the Bitcoin Network if your typical setup is you are in the middle of the jungle and you have no ID and then somebody taught you how to properly use the Bitcoin network. You can easily bypass their dragnet simply because the added technological layers running on top of Bitcoin Core e.g. online wallets is not in your Bitcoin toolkit. If you surrender to KYC you are always asking them for permission to use the system since you don’t know how to circumvent their dragnet like KYC. Therefore, if there is no KYC there is permissionless system
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You aee wrong.
KYC is only for fiat ramps. Not for BTC.
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