KYC is mentioned about 100 times in this article. So it sounds like we'll end up with a system where Cubans, Iranians and maybe even Chinese nationals can't use it. Why? Because once BSV scales to any significant size, and employs KYC at essentially the base layer, the FinCEN et al will force their way on the protocol which will eliminate the above mentioned groups (or whomever "they" decide) from accessing the network or performing certain transactions.
What we really need is a self sovereign identity solution, that uses reputation as the means for establishing trust (based on past transactions), and does not rely on State issued identity, so that we can build a system that is distinct from the corrupt crony financial system we have now.
KYC is mentioned about 100 times in this article. So it sounds like we'll end up with a system where Cubans, Iranians and maybe even Chinese nationals can't use it. Why? Because once BSV scales to any significant size, and employs KYC at essentially the base layer, the FinCEN et al will force their way on the protocol which will eliminate the above mentioned groups (or whomever "they" decide) from accessing the network or performing certain transactions.
What we really need is a self sovereign identity solution, that uses reputation as the means for establishing trust (based on past transactions), and does not rely on State issued identity, so that we can build a system that is distinct from the corrupt crony financial system we have now.