Hacker News new | past | comments | ask | show | jobs | submit login

This is like “Know Your Customer” (KYC) rules required by banks and financial companies. So many online providers ask for it, and it’s so stupidly easy to bypass through stolen documents it’s meaningless. I’ve even seen customers setup booths where they pay people in slums for their documents and go through a “live” KYC in-app process to generate more accounts.

Security Theater, just like everything.




What's your argument for why it's security theater in the context of banks?

It would be an obvious self-serving thing to say, for anyone opposed to similar regulation in other industries, but is it true?

Saying a system isn't perfect isn't the same as saying it has little effect overall.

If the banking system wasn't well controlled, why would people complain so bitterly and frequently about the effect of sanctions?


> I’ve even seen customers setup booths where they pay people in slums for their documents

and here I am with my GPU's heating my apartment with Deep Fake scripts to pass Binance Fake-YC after buying FULLZ off of Empire when I could just be paying people in the tents outside of the ground floor apartments.

I always felt like I was getting out of touch after the guy was passing out 'Elitest Tech Scum' collectible pins at Zeitgeist, but I thought it was just ironic until this very moment.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: