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Labyrinth
@labyrinth-hq
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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Labyrinth
@labyrinth-hq
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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Labyrinth
@labyrinth-hq
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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Labyrinth
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#Labyrinth’s approach: No invasive KYC. Our Selective De-Anonymization (SeDe) ensures decentralized compliance to prevent illicit activities while giving privacy to genuine.🔒
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Labyrinth
@labyrinth-hq
Want to dive deeper into this solution? Check out our blog to learn more about how Labyrinth is rethinking privacy and compliance. https://labyrinth.technology/blog/kyc-is-a-privacy-trap-is-there-a-way-to-regain-control/
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