Comment by monksy

Looks like his argument is that randomized and client to client based rules are better. To some extent I agree.

However, it's inconsistent and we have a government that is punitive, which is why I see that these KYC approaches are reactive to that. There's not punitive measures for violating privacy concerns and storing/profiting from this data.

In practice, to buy crypto, you have to give a disreputable private entity (crypto exchanges have a terrible history of not being scummy.. is cryptobase good? only time will tell) very sensitive documents.