LOL

There are several uncomfortable truths that I don't like to admit, but here is the current situation: 1. Wrench attacks are being reported on the news all the time. 2. Governments want to KYC everything harder 3. KYC makes wrench attacks easier. 4. KYC Bitcoin Backed loans are ubiquitous. 5. Normies want the government KYC bondage play. What are the implications of using an npub as a proof of reserve on a loan. Essentially, the KYC loan is a npub that can be viewed to verify the data were not rehypothicated. It seems like this software can easily audit the loans. Ideally, only the person taking the loan out and the exchange(eg. Strike) can see the balance on the address. That's my line of thinking. I'm sure there are some risks that I am unaware of, but it seems like a smaller attack surface if done properly. If we wanted to, we can then use multi-sig to protect KYC data. Like it or not, that shit's not going away. Governments will continue to do fucked up government shit. Maybe something like this can be a compromise. I said maybe, by the way. I'm still thinking about it.

Aw shit I guess that explains why my watches aren’t flying off the shelves