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0 pointsdandaka12d ago0 comments

1/ KYC is pricey, and users might not want to pay for it

2/ Spammer can hire real people to farm accounts

I think this idea might work if we

- create reputation graph, where valuable contributors vote for others and spread reputation

- users can fine-tune their reputation graph, so instead of "one for all", user can have his personal customized graph (pick 30 authorities and we will rebuild graph from there)

0 comments

figassis12d ago

I think apps that want assurance of your identity should pay for your kya. They want valuable people after all, and this should go into their CAC. Users still pay nothing, the identity service does not care about their info, after verification, it drops any details, like uploaded documents, whatever, keeps a certificate.

The cost for this service is likely keeping up with ID systems for multiple countries, infra and support.

Potentially, if this is made into a protocol, it can be decentralized kind of like the SSL system, so each country manages it's own rules.

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