KYC Unmasked: Today’s Spur Protocol Quiz Exposes Crypto’s Compliance Theater
Know Your Customer rules—the bureaucratic speed bump every crypto degenerate loves to hate. Spur Protocol’s daily quiz forces another reckoning with blockchain’s least sexy reality: you can’t escape the man forever.
Behind the decentralized utopia? The same old paperwork. Exchanges might let you trade ’anonymously’ until you try to cash out—then suddenly it’s passport selfies and utility bills. How very Web2 of them.
Today’s answer reveals the open secret: KYC cuts both ways. It protects platforms from regulators... while giving them your shopping list of shitcoin trades. The ultimate trade-off—privacy for the illusion of legitimacy.
Bonus jab: At least in traditional finance, the surveillance comes with a free toaster.
