KYC Will Not Protect Us, Bitcoin And Encryption Will

Our world is filled with atrocious threats, crimes and violence. Human trafficking, child abuse, state-sponsored violence, terrorism and a laundry list of other heinous acts require tools to fight back and ultimately reduce their frequency to as close to zero as possible. Unfortunately, there are massive disagreements about the types of tools we should use in order to be as successful as possible in this endeavor.

In one camp, we have offensive tactics. These tools attempt to reduce the level of horrific crimes by making the criminal activity more difficult. This could be in the form of cutting off terrorist financing through know-your-customer (KYC) anti-money laundering (AML) regulations or giving corporations the power to scan user photos to catch images of child abuse.



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