RE: Hive Killer Voice To Cease Operations: The Lessons To Take Away
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KYC is a great thing: until you actually try to do it.
Crypto is attempting to create sovereign self-governing systems.
If we rely on the authority of outside entities like governments to enforce KYC.
Then a lot of what we are building here becomes worthless.
KYC is just a reputation system like any other reputation system.
We just need better reputation systems to replace traditional KYC.
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Of course, looking at it this way, KYC is really complicated, at a time when you want a network where its users are autonomous and it makes perfect sense not to have verification.
Of course, the equation is complicated, as this opens doors for those people who we know have questionable character. I believe that one day we will be able to resolve this detail in the best possible way.
Yeah I think you're right.
Cheers!
If it can be KYC’d, it’s centralised. Use immutable, non KYC’able algo stable coins to pay and distribute (inject) value via a stakeholder incentivised distribution model known as proof of brain
Then again @edicted and @starkerz are KYCed.
No one questions the reputations of these accounts.
The situation is weirdly nuanced, but of course we've already had such conversations.
I imagine we'll keep having them as well.