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this mechanism allows for the creation of tokens that sites can use to verify an age. it does not seem to solve the problem of determining whether a person can create the token in the first place, or assign it, and how that verification process takes place and is privacy protective.
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The exchange issueing the tokens has to implement KVC. Nevertheless, the token can be used anonymously for a payment transaction. It only has one characteristic that indicates that the payer is a minor.
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Right now, AU10TIX (in this instance) verifies the identity, then communicates via HTTPS with the platform/provider that the user is above a certain age. Your suggestion would swap AU10TIX for an exchange. That doesn't solve the concern—someone still has to determine the identity of the user.
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When the customer spends the coin (5) or the merchant deposit (6), nobody can link the coin to the bank account of the customer spending the coin.
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When the exchange creates the coin it can add a property which can be checked by anybody. In our case the merchant checking, if this coin was issued for a minor.
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I understand that the coin protects the user’s identity. That’s good! But how does the exchange, which has to verify the user’s identity, protect the user’s identity?
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