Posted by FergusArgyll 5 hours ago
For example, why isn't it the default that when a telemarketer calls me it's not a video call? And why can't I preview their video stream prior to answering?
I get its "impossible" to make everyone change, but i do think we should push forwards...
Patrick: Yes, so "Know Your Customer" (KYC) and "Anti-Money Laundering" (AML)
are mandatory elements of the international compliance regime that have been
in place in the United States since the early 1980s. Over time, this regime
spread globally, largely fueled by the U.S. leveraging the dollar as a tool
of foreign policy—a point where I find myself agreeing with critiques from
the crypto community. Their complaints about this are largely accurate. You
can see this clearly in the documents as these laws were passed and as
supranational bodies increasingly tightened regulations on banking secrecy
havens.
https://www.complexsystemspodcast.com/episodes/true-crime-ba...https://www.bitsaboutmoney.com/archive/kyc-and-aml-beyond-th...
https://www.bitsaboutmoney.com/archive/nonprofit-indicted-ba...
https://www.complexsystemspodcast.com/episodes/splc-financia...
https://www.complexsystemspodcast.com/episodes/defendant-cen...
Instead of the government actually trying to catch money laundering, they just make 3rd parties like banks and payment processors judge, jury, executioner. Effectively giving them the power to decide who can do business. And if they decide you can’t, you have no recourse. If the government didn’t give this power to private companies, they would have to prove in court that you are doing something unsavory. And to people saying KYC/AML works, sure. HSBC was laundering billions and these guys know how to get around KYC. You’re just screwing over common people at this point and giving banks and financial institutions power to skirt due process.
Ever since 2020, I've seen more stores that won't take cash, and refuse to go there on principle even if I was going to pay with card anyway.
This seems so clear to me; KYC is an end run around the constitution.
But how do we stop it? If we legislate "no KYC" then what is my recourse when an imposter empties my accounts? You'd want it to be at least allowed.
But if we allow industry to require KYC "we will only deposit your pay to a verified bank account" then you may end up with de facto KYC if not de jure. But if you tell businesses they may not require it, it enables other kinds of fraud.
Legislation does not constrain people who will to do evil.
Use Monero as much as possible. If enough people adopted it, there's absolutely nothing they could do to stop it short of turning off the internet entirely. Even China, with the strictest internet controls in the world, hasn't managed to stop people paying for banned goods and services in crypto there.
This means the parents of adult scammers too. Every scammer has a mother and father who are failing them. If they were doing their jobs, this wouldn't be happening.
In the era of Target specialized AI that can mimic voices, writing styles, communication is now fundamentally compromised without some sort of actual reform
We're making our law enforcement's job marginally easier, by making the criminals' job infinitely easier by creating millions of juicy PII honeypots.
No, you don't need my phone #, real name, captcha.. if you think you do, realign your incentives, and rethink what else can be used for your real need instead.
Citation required.
More widely, however, there do seem to be differences that I don't know the details of. VOIP seems quite different (I use it for my old phones): DID numbers in the US seem extremely cheap and available instantly, with little information, while European ones seem to have an actual verification process and prices that would make large-scale spamming difficult.
Italy has mandatory KYC for all mobile numbers, and scam/spam calls are a common problem. So no, it doesn't fix the problem at all.
Spam calls frequently don't have a source in the same country as their target victim.