Quote from: 20kevin20 on January 29, 2020, 10:07:03 AM

Quote from: stompix on January 29, 2020, 09:52:44 AM

Anyhow, nothing will change.
A million people will come to this topic and say that KYC is dangerous and people shouldn't do it and one day later 999 999 of them will send their pictures, their IDs, their cat pedigree and a list of their's wife girlfriends with who they've cheated for 10 lollapalooza coins.

Couldn't agree more with you. If everyone would stand against KYC, it would MAYBE make a change.

I can buy gold worth $10k from The Netherlands and nobody would request my ID.

It's lowered to 2k a few weeks ago. Cheesy

But seriously, why should KYC help to prevent terrorism? Or even precious metals or cash? That "argument" is circulating since a very long time, precisely since 9/11. I can't see how KYC should stop someone from getting pilot to kill several thousand people. Where should KYC prevent this? Roll Eyes

Or Nice (France) 2016 where a truck driver killed many people? A strong KYC would have stopped the terrorist?

Someone who wants to do terrorism or crime will always find a solution.

Strict KYC with low limits just affects the nomal users negatively, it's doing far more harm than good right now.

Quote from: abdulfatah.busari on January 29, 2020, 02:03:26 PM

KYC really doesn't make sense, even though the motives behind KYC is good. What then can replace KYC while at the same time serving the intended purpose of KYC without posting harm on its user?

It's a difficult question and maybe also a socially one. When we have a look at Japan, the people are very respectful to each other. Doing harm to the community is extremely despised by the japanese citizens. That's a good attitude when people are living respectfully together and because of that the crime / terrorism problem is very low there - and the society is working without privacy invading measures.

I don't had time to do an analysis but my first impression how that could be achived is:
- wealth distributed equally to all citizens (little gap between poor and rich) => no financial problems to do tax evasion, rob others etc.
- disciplined education
- government acting for the people (not for their own power or the rich) => people would see the state as community, which it should be
- no extremism / racism => no terrorism

Even the ancient romans and greeks didn't have KYC and they survived with much lower knowledge than we have today.

I'm still sure the public blockchains can be an important part of a good solution but for now the "KYC-solution" has failed.
Nobody wants his identity used by scammers to commit crime. Undecided