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KYC is the Trojan horse for Web3 privacy protocols. Here’s why it’s a massive privacy trap (and how to avoid it): 🧵👇
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KYC = Privacy’s Graveyard. When you submit to KYC, you're handing over your personal data—name, address, financial history—leaving yourself vulnerable to breaches. The worst part? It doesn't even fully stop bad actors. 😬
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So, what's the solution? 🤔 We need a system that ✅protects genuine users, ✅keeps bad actors out, ✅still keep everything decentralized, ✅without compromising the user's privacy. KYC isn’t the solution.
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