How many of us use aliases in the crypto world? It's fascinating how biases related to sex, age, skin color, or body type seem irrelevant here—it's purely about your ideas and actions. I was on a call the other day, the presenter used a voice changer and there was no video. It felt freeing to engage purely based on the exchange of thoughts.
However, this anonymity has its downsides, it's easy to get scammed. Additionally, there are legal concerns, especially regarding taxation. Some countries are even reducing anonymity to prevent tax evasion. What do you think is a good balance between maintaining privacy and reducing potential misuse in the crypto space?
In the real world, I think that anonymity cannot be used properly, but in the crypto world, which is actually the virtual world, the digital world, I think this is not a problem.
Regarding fraud and violations of the law, starting from ourselves we must be aware that the crypto world is indeed vulnerable to these things.
So we have to be extra careful, because if we lose here we won't be able to complain to anyone and recover our lost assets.
Being anonymous has some pros and cons. However, the rise of the crypto world is primarily due to anonymity, but recent human misconduct has made governments concerned about anonymity. As a financial libertarian, I would certainly support anonymity in the crypto space, but anonymity has become very difficult these days. Various crypto platforms are hindering their anonymity by implementing KYC. Anonymity is certainly good for an honest person but anonymity for those who want to abuse means that they increase the limits of their crime.
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