Oddbean new post about login | logout we just launched our own KYC program now that we have our own licenses KYC is obviously not ideal but given the rules we have to follow I think people are really gonna appreciate it. i’ll be blogging about it soon, coincides with more global announcements
Can I get more info @strikesupport?
KYC no bueno. God bless Robosats Ironically enough it’s all Strike for US trade on there lol one day we shall have better methods of stacking uncucked sats but in the meantime we do what we can
Yep. All KYC data will be stolen. It's a question of when.
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i agree
APPRECIATE KYC??? U TRIPPIN JACK
I distinctly remember a version of Jack Mallers that stated “global no-kyc would be kinda litty, doncha think?” Wtf happened to that guy?
I would guess it comes down to trying to build a company with all the regulatory hurdles instead of building a FOSS project.
And don't get me wrong, both are probably needed to get where we want to go collectively. But only one of those routes will go very very far in the grand scheme of things.
He cannot offer that in USA jurisdictions and remain compliant with fiat rails
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yo, that’s me. im trying. currently, if i did, everything i’ve built would be shut down and i’d be locked up for most of my life, unfortunately there are small wins. like those that are looking for a easy bridge from fiat to bitcoin globally, Strike can fight the good fight and offer the best option for bitcoiners possible. for example, you’re correct, our global wallet doesn’t really have KYC to get started (only KYC when you wanna link with fiat) i dream of a day Strike is big enough to work on all sorts of things with all sorts of optionality. we’ll get there. for now, if you don’t want KYC, i’d just not use Strike or any other regulated products. beauty of an open network
Jack, you’ve built on and proliferated lightning. I’ve followed your progress as you’ve built Strike. What can be done to rebel with the knowledge that KYC doesn’t work? It only seeks to provide a central repository of pii, that if compromised, damages people’s lives, yet the company goes on. Banks knowingly launder money every day. KYC/AML uses legalese to create a monopoly on the movement of value throughout the world. What options do you have to build the product you WANT to build “global no kyc” vs the one you have permission to build?
Absolutely Yo! Do what needs to be done for Strike to succeed. The more people onboarded faster the better. Moots have a hard time following this. Without the customers who want KYC, yes plebs you read that correctly, bitcoin will struggle to gain widespread adoption.
All bitcoin tools worth considering are decentralised, open-source, non-KYC. At least the most useful ones and the ones which will last a very long time.