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KYC is our friend
1/1. A thread about anonymity.
I know this is highly unpopular in crypto-twitter, but I believe anonymous financial blockchains are a phase. Most financial activity will end up with KYC either on all entries/exits, or better yet, natively at the core.
2/4. When law-abiding people, companies, and institutions do any significant business, they want to know they are dealing with a legit counter party.
The market for those who don't care who they deal with is limited. Most people want to be on the right side of the law.
4/4. Therefore, there's no reason not to include proven identity management into the core of blockchains with privacy baked in. The quality of the identity management/privacy should be part of the game theory.
For Security Tokens, I believe this is the optimal solution.
3/4. What people DO want, is PRIVACY.
There is a misconception in crypto-twitter that "Anonymity = Privacy". This is NOT true.
Privacy on Ethereum and Bitcoin is horrible - everything exposed. The FBI is known to have an easier time investigating BTC over bank transactions.
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