News for hackers. Stuff that matters.

A comment on No End in Sight for Crypto Sell-Off as Bitcoin Breaches $4,250. Parent comment

Re:No End in Sight for Crypto Sell-Off as Bitcoin Breaches $... by kaffee on Tuesday November 20, 2018 @09:52AM (#18494154)
I broadly agree with this.

My sense is that KYC hurts individuals who value their privacy and maybe catches some mid-level crooks. The big criminals bypass it without much difficulty. The recent case of Dankse Bank confirmed my opinions about this. Here's a forbes piece: https://www.forbes.com/sites/francescoppola/2018/09/30/the-b...

[ Parent | on HN ]
Re:No End in Sight for Crypto Sell-Off as Bitcoin Breaches $... by JumpCrisscross on Tuesday November 20, 2018 @12:32PM (#18495649)
> KYC hurts individuals who value their privacy

If you care about privacy, use cash. Only your income will be reported.

[ Parent | on HN ]
Re:No End in Sight for Crypto Sell-Off as Bitcoin Breaches $... by kaffee on Tuesday November 20, 2018 @01:29PM (#18496286)
How do I purchase an mp3 or an ebook from someone in another region with cash? This is definitely something I would like to do.
[ Parent | on HN ]
Re:No End in Sight for Crypto Sell-Off as Bitcoin Breaches $... by someguydave on Tuesday November 20, 2018 @03:52PM (#18497593)
umm, you could buy Bitcoin?
[ Parent | on HN ]