Bitcoin KYC isn't more onerous; you just hit it all at once
Quote
It's funny, because it's really no different than anything else we do. It's just that you're hit with it all at once.
Episode 120: Chop & Drop (episode page, opens in a new tab) 01:53:27 (play audio from this timestamp, opens in a new tab)
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Summary
People balk when a Bitcoin app asks for a driver's license. Dave says Apple subscriptions feel seamless only because you did KYC for your financial accounts years ago. Bitcoin onboarding hits you with it all at once, but it's no more onerous than getting a credit card or bank account. It's actually less.
Also said
Episode 118: No Malaise (episode page, opens in a new tab) 00:47:22 (play audio from this timestamp, opens in a new tab)
It's just as onerous except that it's in slow motion over time. And so you don't really notice.
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Episode 120: Chop & Drop (episode page, opens in a new tab) 01:53:57 (play audio from this timestamp, opens in a new tab)
It's not more onerous than than having a credit card or bank account or something like that. It's actually less, but you just have to do it.
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