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> there still doesn't seem to be much in the way of micropayment infrastructure. Anti Money Laundering regulation killed it: KYC doesn't scale down to micropay
by octoberfranklin 6y ago
> there still doesn't seem to be much in the way of micropayment infrastructure.
Anti Money Laundering regulation killed it: KYC doesn't scale down to micropayment levels.
If you want to fix the web, you have to roll back the AML/KYC insanity. Until that happens, the web will stay broken, because paying with attention (ads) is magically exempt from the AML/KYC insanity, whereas paying with money or anything money-equivalent (fungible and transferable) is not.
- matheusmoreira 6y ago> the AML/KYC insanity Just finished reading about this and I completely agree. I can't imagine having a company and being literally obligated by law to violate everything I personally believe in about privacy and freedom just to help the government be even more efficient at marginalizing people.