When the mandatory face ID KYC rolls out it won't come from the "government" you know, like a president, Congress, or prime minister.
It'll quietly roll out through corporations and major financial network services.
It wont be a law or bill up for debate, just page 3 recommendations by FinCEN, WEF, SEC.
Quiet control that isn't mandated by law, but necessary if you want to apply for a job, loan, or invest.
Things are moving fucking fast and I see no way around it if one wants to participate in society.
Parallel economies. Black and gray markets. Workarounds must be built.
I hear you, but that is outside of "society". Ifyoiu have a job, you will need a bank account to get paid, etc and such. You can build those black and gray markets, but cash has it's days numbered and regarding crypto, it willtakee a long time before it is widely adopted, if it ever will be. CBDCs will not only be mandatory, but will be the choice of the vast majority of "society", so you will be back to trading only with like minded individuals, who offer very limited goods/services. Ans besides that, all the phisical and " mind" controls that will be in place, allowing for the easy disvovery of individuals using gray and darkmarkets, so they can be properly "reeduvated". I am not much of an optimist myself, but hey, I hope things work out for us, even though I know they wont.
Excellently put.
Public-private partnerships.
Coming to your favorite app soon.
This is, unfortunately, entirely accurate! In recent days, correspondence from every bank we're associated with has been arriving, demanding our consent to new EU regulations. Accompanying these requests are up to 34-page documents of terms and conditions that virtually no one reads thoroughly.
Buried in the fine print is a clause requiring transfer recipients to be unequivocally identifiable through facial recognition and/or official identification.
It's absolutely infuriating! Utterly maddening!
What recourse does one have? You're essentially compelled to agree! For businesses, there's simply no alternative.
Moreover, just last week, my bank representative called me, interrogating me about the recipient and purpose of one of my transfers.
Since when is it their concern how I choose to spend my money? (The transaction amount wasn't even particularly significant. I have a legitimate invoice - this is money I've already paid taxes on. ) When I attempted to explain the transfer was for blockchain technology 😏 her blank response made it clear she was utterly unacquainted with the concept. 🤡
The entire situation is nothing short of absurd.
It is not looking good…
online brokers and banks are already doing it
how else will they know who you are?
What's even more absurd about all of this is that AI is making ALL of that completely ineffective at what it attempts to do. Voice and image deep fakes are already indistinguishable from reality. Soon recorded and live video deep fakes will be just as unreliable. Their band aids on their broken systems don't even work!
Soon ALL of the KYC docs they require will be recognized as easily faked and completely useless. The Great Disillusionment' IS coming, sooner than most realize no digital communication without encryption from known and trusted parties will be valid.
The good news is this is all gonna drive even more adoption of encryption, Webs of Trust, and tools like Nostr.
The Fediverse is also a good idea. My former editor, Sokio, is running a Lemmy community.
It's also decentralized somewhat, and probably won't allow this digital ID nonsense.
That's how they enforced a lot of the vaccine bullshit as well, by putting pressure on the private sector to enforce it at work, that way the state could wash it's hands of any wrong doing.
