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Zooko was talking about doing KYC/AML at the exchange level. He did not suggest to weaken the Zcash protocol: https://mobile.twitter.com/zooko/status/863506504
by mrb 9y ago
Zooko was talking about doing KYC/AML at the exchange level. He did not suggest to weaken the Zcash protocol:
https://mobile.twitter.com/zooko/status/863506504518914050 https://mobile.twitter.com/zooko/status/863506504518914050
- erpellan 9y agoJust like _actual_ cash! The bank doesn't scan the serial numbers on the money I deposit and yet they somehow correctly credit my account.
- Mcphja 9y agoCash counting machines in banks scan and record numbers to find bills that have already been flagged (such as those stolen from banks/ATMs), but that process is unrelated to the crediting of money to your account. General cash tracking is hypothetically possible, but it would not be trivial to implement.
- valarauca1 9y agoThey actually do. Well not _you_ but bills do get flagged if they're involved in crimes (like kidnapping or robbery). So when they're deposited in a bank the FBI can track the _relative_ location of criminals.
- kbody 9y agoJust like on the tweets mentions but zooko didn't reply to; what about just having a zaddr cleaning those coins? KYC/AML already exists on (most) exchanges.