Everyone that's been trading their fiat in for Bitcoin using CEXs and KYC, is about to get a rude awakening.
Back in 2014 when KYC started becoming more common, we knew it was a bad idea.
Enter the 2018s, 2019s and y'all became complacent - Looking at NGU after the block size wars, you thought we won. And well, we did, just maybe not you so much.
They KNOW you OWN Bitcoin, in some way, shape or form. And knowledge is power.
They will hold that over you, unless you (try to) run.
They will use it against you, unless you (try to) run.
They will demand tax on your unrealized gains.
They will come for you.
You'll argue you don't hold any, lost it in a boating accident, and they'll say "prove it".
You're in their territory.
Bitcoin is GFY money, when you MAKE IT your territory by *fully* opting out.
It was never about partial opt-out. Maybe you missed the memo.
There is no compromise to be made here.
There never was.
It was just a simple choice. To opt out, or not.