⭐ Merited by roosbit (1)
But seriously, why should KYC help to prevent terrorism? Or even precious metals or cash? That "argument" is circulating since a very long time,
The argument has indeed gone on forever and no one will come out with an answer because there is no wrong or correct answer to this question, unless some bias is applied. Though i would like to think KYC was mearnt to vent out some people from either preventing the abuse of a campaign or try and have people that will relate to a product/service(though a questionnaire before kyc process would be helpful )..... cant rule out the fact that some few individuals will data harvest other users information for their own selfishness, whats even mind boggling is BIG cooperations pay handsomely for this data 
This argument does not hold much water when you critically analyze it. Anyone who really wants to circumvent the KYC process using dubious means can so do.
true, which is scary if you asked meHonestly I thought crypto was suppose to kick out KYC with its so called "anonymous" character but no, crypto had to bend down to the rules of FIAT so as to allow more people adopt it, back in the early days of crypto most services were accessible with a simple sign up now because regulators have infiltrated the crypto system to have society accept it. Good thread OP