There are so many ways where our cryptos can be stolen. The community has to figure out how to police and protect the regular folks from hacks. Otherwise no one else will cross the road into the technology. It will be beautiful when it gets figured out.
You are viewing a single comment's thread from:
Correct! Kyc was introduced in order to checkmate some of the crypto activities going on
KYC has been optional and limit is around 2 BTCs per day. That still seems like a lot. However, it doesn't get away from the hacking issue which is a fundamental basic trust component. Literally, it's like going into a bank and literally wiping out every single penny and the cops didn't even get a chance to react before everything is all gone. At least in a real bank heist, the robbers can only take what the getaway car can hold.