CD53: threats to bitcoin and the state of the network with @benthecarman, tony, and @_justinmoon_
Citadel Dispatch
KYC Process and the Debate on Compliance
In this chapter, they discuss the usefulness of the KYC (Know Your Customer) process in proving ownership of Bitcoin addresses and the ability to verify if someone is the real Satoshi Nakamoto. They also address the limitations and ineffectiveness of KYC regulations, pointing out that even without the signing protocol, users' addresses are already linked to their IDs through KYC exchanges. They debate the response to the signing protocol and the need for pushback and transparency in the industry.
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