I should have been clearer with my concerns. I'm not worried about the government knowing what I'm doing. I may hate tax and despise how big the federal government is, but I'm not interested in being an outlaw.

My issue with KYC lies with the exchanges. Seems like there are 5 data breaches a day, these exchanges are high-value targets, and I do not have the time or money to be able to afford the risk of a data breach with my SSN, ID and likeness of my face. As we all know, federal bureaucracy is a sluggish nightmare and that's about the last thing I need on my plate right now.