0 sats \ 6 replies \ @Coinsreporter 28 Mar \ on: Is Lightning a Big Fat Target for the State? bitcoin
KYC is a state sponsored attack? May be not when they need to ensure AML and ATF for security of their people. I don't see objections worthy of it but for governments, it's impossible to stop p2p, they are just going behind everything they can.
KYC is a state attack on sovereignty, privacy, and personal security. For the record.
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"security of their people" - that's the most disgusting regurgitation of state propaganda I've seen on here. KYC/AML is about surveillance & control.
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Are you saying you buy the AML crap is for our good?
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No, that's needed to combat terrorism funding. There used to be a lot of terrorist activities in my country until AML/ATF rules weren't strictly in place.
They aren't good for decentralization of money dream though.
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The US dollar is the primary medium of exchange for terrorism funding. KYC/AML hurt everyone and seem to have little effect on criminals.
These laws literally create giant honey pots of data of innocent civilians ripe for the picking. I have never seen data showing the effectiveness of AML/KYC but every day there is a data breach.
I guess we have to agree to disagree.
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The US dollar is the primary medium of exchange for terrorism funding.
Absolutely correct.
It's also a sad truth that criminals are criminals and they don't abide to any rules, be it hang till death.
Also, there's absolutely no data out on the internet showing effectiveness of AML/KYC.
Thanks for the healthy discussion. Now I can say with a lot more confidence.
F**k the KYC/AML, governments and their propoganda.
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