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The original was posted on /r/monero by /u/ShadowOfHarbringer on 2024-09-02 15:13:56+00:00.

Hello guys,

I have been working on a design that potentially completely fixes popular financial Man-In-The-Middle scam schemes that are heavily detrimental to P2P crypto markets.

I think this is very relevant to services like LocalMonero, Haveno and all P2P Cash-to-Crypto services in general. I have a suspicion that the scam and the loophole that enables the scam described in the RFC document could the very probably be the major if not the main cause of downfall of all P2P crypto markets like LocalBitcoins, Local.Bitcoin.com, LocalMonero and others that have bitten the dust.

The technological standard is called ZKAM-FMT (Zero-Kyc Assurance Mechanism For Fiduciary Money Transfer).

Here is the RFC (Draft) in 2 formats: [HTML] (gitlab link) and [PDF] (gitlab link):

If you have questions or suggestions, feel free to join the already ongoing standarization discussion in the BCH community [here].