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this post was submitted on 21 Feb 2026
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Criminals also have great time with knives, or rope, or crowbars. Not reason to say all those things are evil. Problems are companies who nickel-and-dime on security.
If you gather all ropes, crowbars and knives then don't stop the criminal from getting access then it's the gov't fault. It's better if they just leave all those private knives alone and not gather it to one spot.
You’re just confirming what I’ve written: Problems are companies who nickel-and-dime on security. And yes, we need punishments for data breaches. This has nothing to do with KYC laws being evil. It’s just OP being a money launderer.
So why don't KYC laws come with punishments for data breaches?
If it's only there to help law enforcement and not protect anybody else what do you call that?
I certainly don’t call that evil. There are many laws that exist solely to help law enforcement, they aren’t automatically evil.
KYC laws resulted in the personal data of a billion people leaking. Criminals and scammers will use this data to cause much harm.
Yes, I can condemn supporters of KYC laws for their incompetence and stupidity. This was obviously going to happen at some point. If you stockpile data, it eventually leaks.
And if you don’t collect that data, criminals and scammers will use free access to banking system to fund their scams and crimes. Letting people drive cars will obviously lead to accidents and deaths, that’s not a reason to outright ban people from driving. Just like risk of data branches is not a reason to outright call KYC evil.