The case against blanket KYC requirements deserves serious consideration. While framed as a security measure, mandatory identity verification creates concentrated repositories of personal data that become prime targets for breaches. We've seen repeatedly how platforms get compromised, leaving millions exposed. For the average user, the privacy costs far outweigh any theoretical benefits. The current approach forces everyone into surveillance frameworks to catch a tiny fraction of bad actors. There has to be a better balance—one that doesn't sacrifice user privacy at scale just to satisfy regulatory checkboxes. The crypto space should push back harder on this.