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10 sats \ 1 reply \ @cryptocoin 28 Sep 2022 \ parent \ on: Daily discussion thread
P2P is definitely a niche market. Where there are no centralized exchanges (e.g., countries where bitcoin is banned or centralized exchanges cannot use the national banking network) P2P volume shows impressive volumes, but where P2P is competing with centralized exchanges, there are just too few who value KYC-Free bitcoin.
It will be interesting though ... as some exchanges start trying to comply with travel rule requirements, and other various frictions added, P2P volumes could pick up, and dramatically.
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35 sats \ 0 replies \ @sommerfeld 28 Sep 2022
That makes sense.
Friction and KYC will definitely increase in the future.
P2p is not necessarily non-KYC if you pay using a KYC method such as a bank account. But it makes it a "distributed" KYC in which every peer can potentially know who they traded with but there is no central power that easily knows everything.
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