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RE: KYC everywhere, what could possibly go wrong

in #rant • 27 days ago

It just feels akin to the adult industry, except that some large institutions are involved. I'm very disappointed that BTC is still not accepted everywhere after 16 years of existence 😢

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The word “Bitcoin” immediately grabs attention—people’s ears perk up, their eyes widen. Yet, outside of a few close family members, almost no one around me even knows I’m involved in Web3. And honestly, if they did find out, many wouldn’t hesitate to label me a scammer or a fraud.

It sounds outrageous, I know—but this reaction is rooted in fear. Fear of what they don’t understand, fear of the unknown, and fear shaped by years of media narratives linking crypto to scams and speculation.

In India especially, where trust and traditional finance hold significant sway, Bitcoin and decentralization still feel alien—far removed from daily realities.

Even after 16 years of Bitcoin’s existence, real adoption remains minimal—not because the technology lacks potential, but because perception still dominates conversation more than understanding.