What rules are regulations based on anyway. It seems like whatever rules the regulations are based on, are already in effect, and that regulations dont add much. They can even do more harm than good.
There is one difference, and it is LN as a protocol. When I need to send money to PayPal, I need to have PayPal account. But with Strike I can send money to other party (pre-coiner?) without having to have any account with them, just using my LN node at home. And I should not even care do they prefer BTC or EUR or USD or whatever.
I have to be honest on this one. Strike request for info makes sense from a security perspective. Because you've already been KYC'ed to get in, this is just a simple verification because "normal users" don't typically change their email.
But I agree with your point, I'm super tired of KYC and I think I've done my dair share of KYC buying Bitcoin. I now get paid in Bitcoin and withdraw it right away so come and get me.
Ive changed my email with venmo, cashapp, paypal, my bank account. No one asked me to take one of those ridiculous mugshots with my ID and some stupid work order #. Not the norm, in my experience.
Yeah man I'm with you, if all these CEX and CEFI blow-ups and data leaks haven't shown people that KYC offers zero upside and only downside then I don't know what will?
While I find it a pain dealing with P2P scammers when making trades and the premiums aren't great, the cost of doing business continues to be worth it, especially once these KYC lists are turned into a tax witch hunt list which will happen eventually