Oddbean new post about | logout
 Might fuck around and get this pie chart framed 

https://m.primal.net/ITuq.png 

https://disruptive-horizons.com/p/kyc-aml-destroying-world#footnote-18-133915966 
 Should also plot the billions of dollars wasted on KYC compliance vs the amount of criminal funds recovered 
 okay but how do you know how much hasn’t been identified? 
 Every year the financial action task force gets in a room to do a little dance and when the music stops everyone has to yell CRIME! and they repeat this until the ouja board moves to a number thats =/>100B and thats how we know - lmk if you have any more questions 
 Interesting color choice for the "NOT identified" category. 
 Y'all gotta give up your personal information and your location as well as a 360° selfie with a handwritten note, on top of that we're also gonna pass the upkeep costs of storing this data to you so that we can lose it in a tragic hack of our associated 3rd party which will eventually end up on a dark web marketplace and used exactly for what it was supposed to protect y'all from. 

nostr:nevent1qqswalp7fz47lj6ctu3tn80xcf4lt4ffwrrhs3mmxyuu2xzg2qk3g0cprpmhxue69uhhyetvv9ujumn0wd68yct5dyhxxmmdqgsd3fhv7rped64g77dyf9l7ndmae9mkxdz37099cc6wyzr9jytxg7crqsqqqqqpjsmyym 
 REAL 
 KYC is used to control the sheep.