SMS is not about KYC, it is about Sybil protection because they have to provision scarce resources to users. So absent payments, you need some proof of humanity no matter how flawed it is.
What is the alternative? And no, PoW is not good enough.
SMS is not about KYC, it is about Sybil protection because they have to provision scarce resources to users. So absent payments, you need some proof of humanity no matter how flawed it is.
What is the alternative? And no, PoW is not good enough.