KYC IS THE PROBLEM.
(But surely, at some point, if everyone's Dara is available and AI can fake things, KYC will become untenable...and surely, at some point, politicians and bureaucrats will be reasonable...)
pull down to refresh
58 sats \ 0 replies \ @0xbitcoiner 12 Aug
https://m.stacker.news/45473
reply
86 sats \ 3 replies \ @BlokchainB 12 Aug
This is why I get so fed up with this KYC thing. We are all doxxed one way or another. Super frustrating
reply
118 sats \ 1 reply \ @jp305 12 Aug
My fiat bank had a breach a few years ago.
My data is already up there for sale.
All we can do is protect our kids now and teach them early.
EDIT: Even then, the government will leak their data... we are fucked.
reply
0 sats \ 0 replies \ @Scoresby OP 12 Aug
This is my feeling.
reply
94 sats \ 0 replies \ @sangekrypto 12 Aug
KYC is the main problem, because it uses original documents, be careful when displaying original documents, so far I'm also fed up when someone asks for KYC.
reply
59 sats \ 2 replies \ @RoundaboutStacker 12 Aug
The honey pots can and will be breached. Act accordingly. No company is capable of keeping YOUR information safe, none.
reply
10 sats \ 0 replies \ @Scoresby OP 12 Aug
And yet it's pretty difficult to survive in society without surrendering info. Often, you don't even have a choice.
reply
0 sats \ 0 replies \ @jp305 12 Aug
Math accordingly.
reply
38 sats \ 1 reply \ @jerrybature 12 Aug
Indeed, KYC is the problem.
reply
38 sats \ 0 replies \ @RoundaboutStacker 12 Aug
KYC is the nefarious act. This is where it begins.
reply
38 sats \ 0 replies \ @grayruby 12 Aug
Unbelievable.
reply
38 sats \ 0 replies \ @022fbc9cef 12 Aug
In a decentralized system, some people get hacked and scammed. Then, those people lobby the government for centralized protection. Then, the centralized entities get hacked and all data is compromised, but it doesn't feel so personal anymore, so they do not mind.
reply
38 sats \ 0 replies \ @jeff 12 Aug
Executives need jail time. Accountability can't be a function of dollars, it needs to hit their opportunity cost, time and reputation.
reply
17 sats \ 0 replies \ @antic 17 Aug
The government should issue a revocable GPG key to parents instead of an SSN. Parents are responsible for revoking the key with the publication of a new one. Everyone gets a GPG key, which can be used to sign for authentication. We need to end this joke that an SSN is a secret.
reply
28 sats \ 0 replies \ @Coinsreporter 13 Aug
Kyc has already become untenable. This is yet another example!
Those who justify Kyc are working as agents to the hackers and scammers. What's funny that they even don't know it.
reply
17 sats \ 1 reply \ @jgbtc 13 Aug
How is KYC data still valuable to hackers? Who is going to buy that on the dark net when it's already easily available from many previous leaks? Whose personal data isn't available at this point?
reply
0 sats \ 0 replies \ @Scoresby OP 13 Aug
And how is it tenable for businesses to rely on it for much of anything?
reply
17 sats \ 0 replies \ @BitcoinIsTheFuture 13 Aug
No need for KYC garbage. kNOw Your commandments
reply
17 sats \ 0 replies \ @Bell_curve 13 Aug
You might be affected by one of the biggest data breaches ever and not even know it.
A recent class action lawsuit filed against Jerico Pictures Inc., a background check company that does business under the name National Public Data, claims that the company was breached by hackers earlier this year.
As a result, the lawsuit says, confidential data for 2.9 billion was exposed and stolen by a hacker group known as USDoD.
reply
17 sats \ 0 replies \ @xz 13 Aug
Data leaked or stolen by design until normalized.
What is the term for spoofing data?
I think we need much more of that.
reply
17 sats \ 0 replies \ @Satoshi__Nakamoto 12 Aug
100 percent if Ai can fake kyc then
reply
0 sats \ 0 replies \ @LowK3y19 10 Dec
The irony that they were the ones that got hacked
reply
17 sats \ 0 replies \ @Octopus 12 Aug outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
17 sats \ 0 replies \ @5e5d0604a5 12 Aug outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.
17 sats \ 0 replies \ @77edb424fc 12 Aug outlawed
stackers have outlawed this. turn on wild west mode in your /settings to see outlawed content.