On Thu, Jun 23, 2016 at 3:56 AM, Peter Todd via bitcoin-dev <bitcoin-dev@lists.linuxfoundation.org> wrote:

In any case, I'd strongly argue that we remove BIP75 from the bips repository,
and boycott wallets that implement it. It's bad strategy for Bitcoin developers
to willingly participate in AML/KYC, just the same way as it's bad for Tor to
add wiretapping functionality, and W3C to support DRM tech. The minor tactical
wins you'll get our of this aren't worth it.


Peter, BIP75 gives the parties transacting complete control over who they choose to share their identity information with. This was the entire point of the proposal. You authorize who you choose to give your payment address to, and the sender can verify who they are sending payment to. All communication and payment info are encrypted against third party snooping, while still allowing asynchronous communication to accommodate ephemeral mobile connections.

The fact that some people will choose to use this identity information for AML/KYC purposes doesn't detract at all from the fact that it gives bitcoin users the tools they need to keep their payment information private, and only communicate it with the parties they choose.

Aaron Voisine
co-founder and CEO
breadwallet