People changing cryptocurrency?

[gunhell16]

I think people changing cryptocurrency.
In my opinion, cryptocurrency was originally designed as anonymous decentralized digital or virtual currency. However, I have notice that there are centralized and stable cryptos. Some team(people) decided to implement KYC(Know Your Costumer) which is good but somehow become a threat to our personal identity privacy.
Do you think cryptocurrency changing us or we are changing cryptocurrency?

The passing of KYC to centralized exchanges I think is normal because they belong to the regulatory business under the lower branch of the government of a country. You wonder if a decentralized platform will provide KYC requirements to its users. And So to this day the crypto enthusiasts in this industry still remain anonymous as far as I know. There is also an exchange that I am using now that I have been using for several years and have also passed KYC so far so good in the times I have been experiencing here.

[Alichlas92]

but if you notice that in the beginning humans created and controlled crypto but now it seems as if we are being controlled, it looks like that, but in reality crypto is still being controlled.

[atrizbtc]

The KYC(Know Your Customer) system is added for the security of our funds and assets. It is added to avoid fradualent. Many people fraud using wrong information to avoid it companies ask for KYC. and the KYC system is mostly on centralized platforms it is not asked on a decentralized platform.

[Nestle]

Because of the safety factor for investors there are several cryptos that implement it. not everyone agrees that crypto currency is decentralized because it is different from the purpose for which crypto was created. This change is an interesting thing to discuss

[I-Bit]

Because there are so many projects so that developers will create the new ones with different concept. As long as it is accepted it doesn't matter. But surely, the ideal concept of crypto is decentralized, but this seems litle biy changing for many cryptocurrencies.

[vegasus]

I don't think people change crypto, people only use crypto for their own purposes. Basically, Satoshi made Bitcoin as a digital currency but people made it as a digital asset/investment. However, it doesn't mean people change it, people only use it with a different purpose. By the way, for new altcoins, people have improved many things for their fundamentals, it may be a bit different with Bitcoin. But once again, I think it doesn't mean people change it, people only improve it!!

[owmivmen]

decentralization is what crypto was created and used for. centralization is only an option and not too dominant in crypto. the change is only limited to the community who wants it without having to change the function of crypto

[mu_enrico]

I think people changing cryptocurrency.
In my opinion, cryptocurrency was originally designed as anonymous decentralized digital or virtual currency. However, I have notice that there are centralized and stable cryptos. Some team(people) decided to implement KYC(Know Your Costumer) which is good but somehow become a threat to our personal identity privacy.

If we talk about people that have multiple views, anonymous is only a subset of what people want. Some want anonymous, some want pseudonymous, and some don't care about these things. It's not that people changing crypto but more of the government/law started to take action and these pro-anonymous people are losing.

I'm more aligned with Bitcoin's pseudonymous nature than Monero et al. anonymous system simply because historically, anonymous system always lose, thus not feasible without a big change in the government.

[Primrose]

We can’t say one is changing the other. The truth is that both are having a great influence on each other. Crypto has been a boon for people and these days it’s even getting better. People are using crypto in even daily life activities and I’m glad that a lot of shops, malls, clinics, and gas stations have started accepting crypto as payments. This technology is making our lives simpler and easier.

[Alichlas92]

if shops accept crypto I think I've heard of it, but if malls, clinics and gas stations accept crypto as a means of payment, this is the first time I've heard of it. in which country did it happen?

[MrSpasybo]

We enter the market, the market changes us and we change the market. Potential tokens attract investors' attention, and investor participation also makes those tokens popular and grow in price. Investors create selectivity for projects, although market makers are the real masters of this financial game.

[Dora Walletinvestor]

I think it goes both ways. Cryptos are changing how we view money and sparks questions to ask. People's preferences and sentiments about crypto also affects the markets at the same time.

[silkytakyaan86]

The way crypto has become famous. People have adopted it. Looking at him, everything seems possible. However it will take time. Everyone wants to get good profit in less time. That's why people are getting attracted towards crypto.

[gurunanakji777]

Both We are changing as well as Cryptos also changing us. It was introduced as a decentralized but now we have Centralize exchange, and privacy coins also so things will keep changing from time to time according to the market demand and conditions.

[Speaker]

I think anonymous coins will only continue to be tightly controlled if the crypto industry is regulated.