you don't need KYC for fiat payments which is what your clients pay your business in my solution.
people using consumer apps earn the bitcoins instead of buying them, so no KYC needed neither.
we bypass KYC instead of trying to fight it upfront
Post by twetch#200
Also, I’m fairly certain KYC isn’t required under a certain threshold. Something like $200, IIRC.
What the chain says
- Block
- 667 611
- Time
- 2020-12-29T01:04:30Z
- Signer
- 1JhKv5bs1wpHRYFAQS4qF5zhKfAnXAy2UL
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#200
Fields the transaction did not carry are omitted. Open the payload to see the bytes as stored.
Signed by
1JhKv5bs1wpHRYFAQS4qF5zhKfAnXAy2UL VerifiedReplies (3)
If you support KYC you are my enemy. Side with KYC, you hate BitCoin.
You have no f*cking idea what the means.
You will soon.
Have a nice life.
You will now discover me when pissed off.
And no. You could have had proof.
Theoretically. But it's law, so no one ever knows for sure. Depends on the moods and incentives of the regulators and judges.
The risk/reward isn't there for companies like Stripe to mess around with it even if it was legal. Law stifles upstarts.
Reposted
twetch#561 5.8y
The small problem we have with Bitcoin currently is a reflection of the big problem we have with government and laws:
The need for a stable protocol