The KYC spiral is getting ridiculous. Log in? KYC required. Switch devices? Verify again. Launch an app? Another verification layer. Then you're forced to use credit cards for everything, which basically broadcasts your entire financial life.

It's peak surveillance dressed up as compliance. But here's the thing—this level of friction always triggers a counter-movement. The pendulum doesn't stay on one side forever. As privacy concerns mount and user frustration peaks, we'll eventually see pressure shift back toward privacy-first solutions and less intrusive alternatives. Market dynamics don't just swing on hype cycles; they respond to real pain points too.