politics

Good news. Any supposed benefits to forcing KYC compliance are more than outweighed by the loss of freedom, privacy, and physical safety. KYCing creates honeypots for hackers, and can lead to crypto users being targeted for phishing or 5 dollar wrench style attacks.

Yesterday, the Senate voted to overturn the IRS' broker rule, which effectively requires non-custodial software developers to KYC their users.

Getting rid of the broker rule would be a massive achievement, but it's not the end of the road to protect our financial privacy. For…

L0la L33tz

Good news. Any supposed benefits to forcing KYC compliance are more than outweighed by the loss of freedom, privacy, and physical safety. KYCing creates honeypots for hackers, and can lead to crypto users being targeted for phishing or 5 dollar wrench style attacks.

https://x.com/L0laL33tz/status/1897362336018825313?t=MrCz2Y_yS2glQe51XryvOQ&s=19