Comment by mapt

The expansion of KYC and the hegemonic dominance of our global financial intelligence network is a recent infringement on our privacy that would not necessarily pass popular muster if it became well-known.

Most of our population is still living in a headspace where transactions are effectively private and untraceable, from the cash era, and has not considered all the ways that the end of this system makes them potential prey.

The fact is that the market is demanding a way to identify you both publicly and privately, and it will use whatever it needs to, including something fragile like a telephone number 2fa where you have no recourse when something goes wrong. It's already got a covert file on you a mile long, far more detailed than anything the intelligence agencies have bothered putting together. The political manifestation of anti-ID libertarians is wildly off base.