128
Gotta get that KYC!
Sucks. Fuck KYC now and forever
KYC?
Know your customer. Legal requirement on financial institutions to retain certain customer information and red flag suspicious behaviour.
Got it, thanks
Kentucky Yeeted Chicken
Know Your Customer.
What a dumb take.
Any reason why you think so?
I work in AML and KYC is a key part of that process.
Yeah, it's an anti-glowie measure, that's why we like it.
TLA agencies would have no problem with a cover identity to "prove" who they are. Your average citizen is going to have a hard time buying a slightly used social security number that they can use to get an ID that will pass KYC laws.
I think you misunderstood. TLAs want people to prove their identities to prevent or collect data on victimless "crimes" like ML or being a customer or vendor of substances outside of the US pharma-DEA cartels' authority.
I don't think that's a good thing, I think criminalising such activity is a way of oppressing the proles on their own tax dime, especially when white collar not-so-victimless crimes are seldom punished, therefore I am against KYC.
I guess they don't want anonymous reasons for security reasons. Which is somehng I can understand
Isn't it a privilege being able to pay with Buttcoin at all?
Bitcoin sucks, and Monero is useless it you have to set up Paypal.
How is monero useless?
"Monero is useless if you have to set up PayPal."
Meaning they already know your identity because of PayPal(or other required kyc), so using xmr doesnt have any benefit at that point.
Oh yea, I was pretty confused by the bad English
With a parasitic corpo like paypall kyc is really least of your worries bro
While not the best thjbg for customers, it helps them reduce fraud and keep the service acceptable.
Since vultr network has a hood reputation, they could be abused to send spam. Having crypto payment only would not prevent them to detect repeat abusers. With a verified payment method they can ID who me they are providing service for.
In an absence of such limitation, abusers can simply create a new email and wallet then get back to abusing.
Cash is king
this post was submitted on 10 Nov 2024
128 points (91.6% liked)
Mildly Infuriating
35742 readers
603 users here now
Home to all things "Mildly Infuriating" Not infuriating, not enraging. Mildly Infuriating. All posts should reflect that.
I want my day mildly ruined, not completely ruined. Please remember to refrain from reposting old content. If you post a post from reddit it is good practice to include a link and credit the OP. I'm not about stealing content!
It's just good to get something in this website for casual viewing whilst refreshing original content is added overtime.
Rules:
1. Be Respectful
Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.
Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.
...
2. No Illegal Content
Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.
That means: -No promoting violence/threats against any individuals
-No CSA content or Revenge Porn
-No sharing private/personal information (Doxxing)
...
3. No Spam
Posting the same post, no matter the intent is against the rules.
-If you have posted content, please refrain from re-posting said content within this community.
-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.
-No posting Scams/Advertisements/Phishing Links/IP Grabbers
-No Bots, Bots will be banned from the community.
...
4. No Porn/Explicit
Content
-Do not post explicit content. Lemmy.World is not the instance for NSFW content.
-Do not post Gore or Shock Content.
...
5. No Enciting Harassment,
Brigading, Doxxing or Witch Hunts
-Do not Brigade other Communities
-No calls to action against other communities/users within Lemmy or outside of Lemmy.
-No Witch Hunts against users/communities.
-No content that harasses members within or outside of the community.
...
6. NSFW should be behind NSFW tags.
-Content that is NSFW should be behind NSFW tags.
-Content that might be distressing should be kept behind NSFW tags.
...
7. Content should match the theme of this community.
-Content should be Mildly infuriating.
-At this time we permit content that is infuriating until an infuriating community is made available.
...
8. Reposting of Reddit content is permitted, try to credit the OC.
-Please consider crediting the OC when reposting content. A name of the user or a link to the original post is sufficient.
...
...
Also check out:
Partnered Communities:
Reach out to LillianVS for inclusion on the sidebar.
All communities included on the sidebar are to be made in compliance with the instance rules.
founded 2 years ago
MODERATORS