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Indeed, you're correct. It's passing the buck of KYC, with an inevitable credit check to another company.
by exabrial 5y ago
Indeed, you're correct. It's passing the buck of KYC, with an inevitable credit check to another company.
- anigbrowl 5y agoWell, how would you attack fraudsters instead
- rsync 5y agoI would give them a challenge/response to post in their HN user page and restrict it to accounts >4 years old and >500 karma. Well, you asked ...
- ianmiers 5y agoPartially, but it's also: you will pay for a phone number, you won't pay for icloud, etc. So, as a result a phone number is costs something like 10 cents for an attacker.