KYC is a massive risk with a self-custody, permissionless asset.
Since it's so easy to steal extraordinarily large amounts and not-yet-easy to trace, thieves are incentivised to go after big holders and do whatever brutal means necessary to get their coins.
The risk-reward for criminals is very good.
In other words - one leak of your address puts you at massive risk.
This is one reason why it's so important to run a LN node behind a VPN/Tor/etc. - it's not hard to find your location via your IP address.
We should all be paranoid what linkage exists online between our bitcoin_address<->ip_address<->name<->net worth<->physical_address.
The spectrum of paranoia can vary (e.g allow IP address leaking but hide physical address by all means) and I'm in no means perfect either.
it was the first thing i did when i got into bitcoin. just holding it makes no sense. you want to make it work and make more bitcoin. this desire is what scammers exploit
Many noobs want to "catch up" with the people who came into Bitcoin earlier and start looking for yield and trading shitcoins just to get burned. When we tell them "Not your keys, Not your Bitcoin" and that trading shitcoins doesn't work (because of the majority of us have already tried), they laugh at us or tell us that we don't want them to success.
The truth is, we want them to success (success gets shared) and that's why we're trying to steer them away from the scams. Some listen, some don't.
.csvfile so you cangrepyour name (all caps) nicely.bitcoin_address<->ip_address<->name<->net worth<->physical_address.