Re:Disqus, a dark commenting system
by KirillPanov on Friday February 05, 2021 @05:45AM
(#26034943)
Brave got a tap on the shoulder from the government and was told they had to collect all that data in order to release crypto payments to the owners of the websites they'd been collecting micropayments for:
I disagree with a lot of Brave's approach. However their experience shows that this problem isn't theoretical. One company has already managed to deliver frictionless micropayments, and was told by the government that if they didn't add some friction back in (AML/KYC), executives would be going to prison.
Not cool.
This also led to a real mess with the operators of archive.today, who don't live in the USA and apparently aren't supported by the AML/KYC process being used. So a fairly large amount of money collected in order to support them is stuck and can't be paid out:
https://preview.redd.it/52bkflf0cld31.jpg?width=462&format=p...
https://support.brave.com/hc/en-us/articles/360032158891-Wha...
I disagree with a lot of Brave's approach. However their experience shows that this problem isn't theoretical. One company has already managed to deliver frictionless micropayments, and was told by the government that if they didn't add some friction back in (AML/KYC), executives would be going to prison.
Not cool.
This also led to a real mess with the operators of archive.today, who don't live in the USA and apparently aren't supported by the AML/KYC process being used. So a fairly large amount of money collected in order to support them is stuck and can't be paid out:
https://blog.archive.today/post/626174398020403200/please-pr...