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A comment on CEO of a top Bitcoin exchange warns: crackdown on cryptocurrencies may be coming. Parent comment

Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc... by Kalium on Monday April 12, 2021 @07:40PM (#26786506)
Perhaps it means that this is a known problem with known working solutions. Countries that haven't solved identity are ones that either don't want to or can't, generally due to a mix of corruption and poverty.

Perhaps I am simply suffering a tragic failure of imagination, but I fail to see how adding a blockchain changes things substantially.

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Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc... by selectodude on Monday April 12, 2021 @08:06PM (#26786643)
Being able to identify people via blockchain either requires them to remember some esoteric passphrase or an ID card with the identifier on it which...solves absolutely nothing.
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Re:CEO of a top Bitcoin exchange warns: crackdown on cryptoc... by ccortes on Tuesday April 13, 2021 @03:39AM (#26789234)
> Countries that haven't solved identity are ones that either don't want to or can't, generally due to a mix of corruption and poverty

It's not a known problem because each country has its own context. That's like saying US healthcare problem can be solved just by doing what nordic countries do.

I'm not arguing for blockchain.

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