How is it censorship free? The government could decide to make Bitcoin illegal. Sure, you could move it to another country without these laws or do things illegally, but that's no different for cash and the issues you mention.
Re:The Web3 Fraud
by throwaway_2009 on Friday December 17, 2021 @10:51AM
(#29593824)
It is censorship free because I can send you a million bitcoin and no-one can stop us without physical force.
The same is far from being true via other means such as the legacy banking system or cash. I mean, you can try and send a briefcase full of notes in the post cross-border, it might work, I wouldn't know or care to try.
Obviously the Government can attempt to, or pass laws, to censor anything at any time for any reason. In my country it was illegal for me to visit family for about 6 months this/last year, there's nothing special about Bitcoin, power will attempt to fuck with you simply because they can.
KYC and AML are considered positives by most people, being great ways to cut down on fraud, make banking hard for criminal enterprises etc etc.
Also, KYC and AML are mandatory the moment you actually interact with the regular US banking system or USD at all. So any place where you can buy crypto or sell it is going to do KYC and AML on you, including asking uncomfortable questions if your behavior looks suspicious.
Legislation requiring a backdoor in e2e encryption, such as WhatsApp, is also considered a positive by most people even now, but wait after it's been in place for 10 years, it will be as universally unquestioned as KYC or AML policies.
I don't think that's an argument against KYC and AML, personally.
If not for AML, KYC and basically the fact you just can't really use cash any more in significant sums for anything we wouldn't have had to bother.
I have 200,000 bitcoin, or maybe I have 0.2, no-one knows other than me. Good.