"Their system demands KYC that subjects us to data breaches. 5 billion plus known records breached so far in over 2000 publicly disclosed incidents in 2024.

Crypto has seen its hacks and exploits, but legacy finance permitted $3.1 trillion in dirty money flows last year alone.

I thought they were supposed to be protecting us. Maybe we should just protect ourselves."

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[–] [email protected] 6 points 1 month ago* (last edited 1 month ago) (1 children)

The system actually likes data breaches because the criminal intel agencies can use all data then just blame the data breach if they get accused of something.

[–] [email protected] 4 points 1 month ago

That's a very good point