Does BIP 75 Really Threaten Bitcoin’s Fungibility?

On Wednesday, the Bitcoin community went into a tizzy over BIP 75 (BIP stands for Bitcoin Improvement Proposal ), which is, in short, a layer-2 protocol for improving the user friendliness of Bitcoin payments.
The community, especially on Reddit, is concerned that the option to identify oneself to the sender or receiver of a payment may lead down the road toward know your customer (KYC) and anti-money laundering (AML) restrictions on the Bitcoin protocol. The hysteria around this proposal appears to have emerged from a post made by Bitcoin Core contributor Peter Todd to the Bitcoin development mailing list .

This post was published at Nasdaq on June 30, 2016.