Topic inspired by this excellent post: Why KYC is extremely dangerous – and useless
https://bitcointalk.org/index.php?topic=5221497.0I am concerned about the dangers of KYC, but
how do you do business in the USA (and many other places) without it? To be clear, individuals cannot use vital services without obeying the requests, and businesses cannot exist without obeying the SEC rules. We need new ways to help
BTC go mainstream without all the BS. Any ideas?
You nee dot do KYC for anything related to fiat money so KYC already is mainstream. It is not something mainstream is afraid of.
What you should do is to do KYC at places where you speculate ( you can never be sure) that they will hold your information secured. So you pick reputable exchanges and services. You dont pick many. You pick just enough to fit your needs. Best just one. They you pray god that that exchange will be information leak free for the next 50 years.