It’s possible for retail banks with tens of millions of customers to KYC, I’m sure it’s not an insurmountable problem
When I first starting posting things online, the general advice was "don't use your real name", "don't say anything that will reveal where you live", etc.
Now we're not only using our real names but advocating for identity verification of all commenters? How did this go so wrong so fast?
I still heed the advice of the 90's: NEVER use your real name. We still have that choice thankfully.
Where was this advice given? In my experience, people online in the 1990s routinely used their real names, and emails (in the late 90s obfuscated or removed due to spam), on the primary social-network at that time (Usenet), and people still do to this day.
[0] The literal merging of the state and corporations to achieve a level of totalitarianism that would be hard for either to achieve on its own.