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RE: Crypto crime reports by Chainalysis and CipherTrace reveal the workings of the hacker mind today

in #cryptocurrency6 years ago

I agree but we need to start somewhere. Your suggestion for video call KYC sounds like a great solution but very time consuming and labor intensive to be quite frank. There would need to be people diligently going through those videos 24/7 in order to provide a reasonably accurate and fast confirmation. It will take many years till AI advances to the point where it will be able to handle such a task. In the mean time humans will have to do it and I imagine it would be a painstakingly boring task rare individuals would bare want to do.

I would dare to say that most people involved in crypto want to get rich quick before they get hit by the reality check brick in the face. Nevertheless, those who are in it to win it are here to stay for a long time, those that aren't will only be hurt by their plagued mentality.

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