KYC: kill your customer.
This is where the name of the episode came from.
An attacker now holds your personal information and your Bitcoin withdrawal history in the same file. They do not have to guess whether you are worth robbing, and they do not have to guess where you live.
He lives down the road from me. I am going to go and get a very big wrench.
None of this was a choice anybody made. The data existed because a regulator required it to be collected, from people who had no way to opt out, in the name of protecting them.
https://ungovernable.network/shows/bitcoin-brief/kyc-kill-your-customer/
This is where the name of the episode came from.
An attacker now holds your personal information and your Bitcoin withdrawal history in the same file. They do not have to guess whether you are worth robbing, and they do not have to guess where you live.
He lives down the road from me. I am going to go and get a very big wrench.
None of this was a choice anybody made. The data existed because a regulator required it to be collected, from people who had no way to opt out, in the name of protecting them.
https://ungovernable.network/shows/bitcoin-brief/kyc-kill-your-customer/
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