I understand the whole No KYC thing but 99% of Bitcoiners couldn’t name two people actually on the OFAC list. Scams are a huge problem in this space. If I send some BTC and I get scammed you bet your ass I’m reporting then and telling everyone I know I got scammed and if some company makes a list of know bitcoin addresses known for scamming it’s a step in the right direction to stop the scam from happening to others
Discussion
This list is much different from a govt formulated list.
True but the way society is set up now the scams list constructed by a private company has no power to bring chargers and prosecute in the court of law. All they can do is turn over that list to the government and hope the government actually does something with it. No different than trying to hire a private investigator to solve a murder. They can do all they can to collect evidence but they don’t have power to arrest.