>A sane system would just throw him in jail until his illegal betting market implements KYC.
There's nothing sane about KYC, it's a fundamental assault on the right to financial privacy. And the people with power can always bypass it; only the little people suffer.
I think it's important to look at the context of the discussion around this comment. Someone has received credible death threats - clearly the current situation is one where the little people are already suffering.
> Someone has received credible death threats
2 points - 1) “credible” is carrying a lot of water in that statement, and 2) your implication is that any activity which could eventually or conceivably involve a lunatic making a death threat is not compatible with any level of privacy.
The second is incredibly disturbing - people have made death threats over E2E encrypted chat channels, therefore we must remove any privacy built in to such a model?
I'll just dodge 1 for the moment since we're discussing an article about those threats. For the second point - I'm not saying that death threats should invalidate privacy concerns I just wanted to stress that the little people are already seeing quite a few downsides so it's important to view this issue with more nuance than a Facebook-like scenario when the privacy only comes at the cost of ad-revenue.