what is kyc really for?
if its about assessing risk of a counterparty, there are better ways of onchain risk assessment based on actual behavior, fund flows, and trust.
kyc today is broken beyond belief, becoming easier to fake and fraud each day that passes.
regulation is trying to apply the wrong bandaid to a misunderstood problem. hoping there is still time to show them there are alternatives.
if defi is forced into kyc, we will lose the point of defi
if its about assessing risk of a counterparty, there are better ways of onchain risk assessment based on actual behavior, fund flows, and trust.
kyc today is broken beyond belief, becoming easier to fake and fraud each day that passes.
regulation is trying to apply the wrong bandaid to a misunderstood problem. hoping there is still time to show them there are alternatives.
if defi is forced into kyc, we will lose the point of defi
https://x.com/maikaisogawa/status/2055983734654906452
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