{"type":"rich","version":"1.0","author_name":"npub19gq8ya0cwzxc2l3lcefrmtg0e0judfdp75cyxdfq2wssfzpckrts74xcws","author_url":"https://nostr.ae/npub19gq8ya0cwzxc2l3lcefrmtg0e0judfdp75cyxdfq2wssfzpckrts74xcws","provider_name":"njump","provider_url":"https://nostr.ae","html":"📅 Original date posted:2016-06-23\n📝 Original message:On Thu, Jun 23, 2016 at 1:46 PM, s7r via bitcoin-dev \u003c\nbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\n\u003e\n\u003e\n\u003e\n\u003e Any kind of built-in AML/KYC tools in Bitcoin is bad, and might draw\n\u003e expectations from _all_ users from authorities. Companies or individuals\n\u003e who want and/or need AML/KYC can find ways and do it at their side\n\u003e isolated from the entire network, and the solutions shouldn't come from\n\u003e upstream. AML/KYC/\u003cinsert other regulation here\u003e differ from country to\n\u003e country and will be hard to implement in a global consensus network even\n\u003e if it would be worth it.\n\u003e\n\u003e\nThis was precisely our thinking as well.\n\nThis is actually exactly why BIP 75 was designed the way that it was.  Any\n(voluntary) identity exchange is done at the application level, on an\nencrypted https (or other) connection between the sender and receiver.\nIdentity data is not passed through or stored on the blockchain, and there\nis actually no mark left on the blockchain that identity was even exchanged\non that transaction.\n\nThe only people who know identity info was exchanged, or what the identity\nwas is the counterparties in the transaction, and depending on\nimplementation, their service provider.  (At a high level, many software\nbased wallet providers wouldn’t have any visibility into identity info,\nwhere many hosted services would, for example)\n\nWe did this to protect user privacy as well as fungibility.\n\nWe are allowing the people who want or need to exchange identtity info\n(either self signed or 3rd party validated) the option to exchange it, in a\nstandards based way, directly between peers, without touching the\nblockchain or network itself.\n\nIs this more clear?\n\n-- \n\nJustin W. Newton\nFounder/CEO\nNetki, Inc.\n\njustin at netki.com\n+1.818.261.4248\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20160623/30ac6899/attachment-0001.html\u003e\n-------------- next part --------------\nA non-text attachment was scrubbed...\nName: PastedGraphic-1.tiff\nType: image/tiff\nSize: 10972 bytes\nDesc: not available\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20160623/30ac6899/attachment-0001.tiff\u003e"}