KYC is a honeypot dressed up as compliance. The Bank Secrecy Act, the Patriot Act, and KYC laws created massive data honeypots full of permanent information on ordinary Americans. If America enters a war with an enemy superpower, that data becomes a weapon pointed at the public. Privacy and patriotism are not opposites. A country that will not protect its citizens’ private lives cannot protect itself.

Why is the market going down?

People keep using the phrase "backed by" as if the gold standard never ended. Dollars haven't been backed by gold since 1971. Most assets derive value from utility, scarcity, and demand, not redemption for some deeper asset. The phrase survives, but "backed by" died when your grandpa was still wearing a leisure suit. https://www.cryptoconfidence.org/p/bitcoin-myths-part-10

One of the biggest things I've changed my mind about is why gold stopped being money. Gold was one of the greatest forms of money humanity ever used. The problem was that civilization kept growing while gold remained physical. Banking solved the growth problem, but it created a new set of problems that we're still dealing with today. Sound money didn't disappear because of a conspiracy. It disappeared because civilization outgrew gold. Understanding that history matters if we ever want to build trustworthy money again. https://www.cryptoconfidence.org/p/gold-vs-bitcoin-part-5

Bitcoin dropping makes me wonder about the rest of the stock market.