Analysing whether it was a good or bad decision is a difficult thing to do, because I think everyone is a bit right, people want to have anonymity in relation to their money but an exchage that does not request KYC lends itself to many illegal things.
If we think about hive, the most recommended when we open an account is to make a presentation in the first publication, but it is not mandatory, many accounts do not do it and that is freedom but it also lends itself to multi-accounts and scammers enter the ecosystem.
Everything is so relative, and the balance is very difficult to obtain.