Digital IDs cannot solve KYC fraud, ever.
Users already sign up with data that is stolen from KYC databases, generated with AI, or sold to them by verified users.
If a guy will sell me their verified Coinbase Pro account, you can bet your a** they’ll sell me the keys to their personal eyeball app.
It does not matter how much “verification” you’ll attempt to slap onto this system, because the system *itself* does not work.
KYC is a scam that *enables* financial crime at the cost of all of our privacy.
Read: 31 Reasons Why AML Is Retarded in this week’s newsletter 👇
https://www.therage.co/rage-weeky-022-31-reasons-why-aml-is-retarded/
L0laL33tz / L0la L33tz
npub1mz…q6mak
2025-06-22 18:52:02
Author Public Key
npub1mznweuxrjm423au6gjtlaxmhmjthvv69ru72t335ugyxtygkv3as8q6makPublished at
2025-06-22 18:52:02Event JSON
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"content": "Digital IDs cannot solve KYC fraud, ever.\n\nUsers already sign up with data that is stolen from KYC databases, generated with AI, or sold to them by verified users.\n\nIf a guy will sell me their verified Coinbase Pro account, you can bet your a** they’ll sell me the keys to their personal eyeball app. \n\nIt does not matter how much “verification” you’ll attempt to slap onto this system, because the system *itself* does not work. \n\nKYC is a scam that *enables* financial crime at the cost of all of our privacy.\n\nRead: 31 Reasons Why AML Is Retarded in this week’s newsletter 👇\n\nhttps://www.therage.co/rage-weeky-022-31-reasons-why-aml-is-retarded/",
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