Replying to Avatar Nuh

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.

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Kendy 1y ago

I think proof of Lightning or ecash deposit should be tried

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Nuh 1y ago

Except the UX and onboarding of that is terrible. At least in the beginning, maybe for increasing account limits.