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even if you conscion the frankly risible assumption that they don't already have systems in place to do this, are you seriously trying to suggest that setting u
by permo-w 2y ago
even if you conscion the frankly risible assumption that they don't already have systems in place to do this, are you seriously trying to suggest that setting up a system to beat some KYC checks is going to put any kind of a dent into billions of dollars?
I feel like you're struggling to grasp that I'm not saying "muh KYC is useless", I'm saying that this article doesn't seem to understand that it's useless in the face of a nation state for whom hacking is a major industry
- mrguyorama 2y agoNotably, North Korea only made hacking an industry after it's "SuperDollar" USD counterfeiting industry became too expensive and difficult to run because the USD had a design update that introduced significant security upgrades. You would think "just manufacture cash" would also offset billions and yet it didn't really. End result, there are way fewer counterfeit USD in circulation now.
- permo-w 2y agoI suppose the difference is that counterfeiting currency requires very rare information, some very specialised machines and [something similar to] whatever the hell dollars are made out of. you could put a few motivated and intelligent teenagers in a room with a laptop for a few days and they could probably find multiple ways to crack KYC. the same is not true for counterfeiting currency.