I distinctly remember a version of Jack Mallers that stated “global no-kyc would be kinda litty, doncha think?” Wtf happened to that guy?
Discussion
I would guess it comes down to trying to build a company with all the regulatory hurdles instead of building a FOSS project.
And don't get me wrong, both are probably needed to get where we want to go collectively. But only one of those routes will go very very far in the grand scheme of things.
He cannot offer that in USA jurisdictions and remain compliant with fiat rails
yo, that’s me. im trying.
currently, if i did, everything i’ve built would be shut down and i’d be locked up for most of my life, unfortunately
there are small wins. like those that are looking for a easy bridge from fiat to bitcoin globally, Strike can fight the good fight and offer the best option for bitcoiners possible. for example, you’re correct, our global wallet doesn’t really have KYC to get started (only KYC when you wanna link with fiat)
i dream of a day Strike is big enough to work on all sorts of things with all sorts of optionality. we’ll get there. for now, if you don’t want KYC, i’d just not use Strike or any other regulated products. beauty of an open network
Thanks for the effort, and your small wins.
Jack, you’ve built on and proliferated lightning. I’ve followed your progress as you’ve built Strike. What can be done to rebel with the knowledge that KYC doesn’t work? It only seeks to provide a central repository of pii, that if compromised, damages people’s lives, yet the company goes on. Banks knowingly launder money every day. KYC/AML uses legalese to create a monopoly on the movement of value throughout the world. What options do you have to build the product you WANT to build “global no kyc” vs the one you have permission to build?