Re: Something I noticed when sending USD from Coinbase to my bank account
Anyway, I still wonder that Coinbase has customers even after they admitted that they sold their customer data. The crypto was meant to protect ones privacy.
Lol, do you know how much users Google's services still have? Their entire business strategy is based on selling people's data and nobody cares.
You'd be wrong to assume that crypto users care more. Everyone is more than willing to send personal information (including IDs) for KYC etc.
Only a very small minority of people actually care about their privacy.
I get it, people worry about their privacy and all, but it is all quite silly really. You just get adverts which are more relevant to you, and quite franky I don't think that's a bad thing unless you are a terrible impulse buyer
If you think about it, your data is just 1's and 0's in a database which no human will ever look at, any processing of your data is automatic and handled my complicated algorithms. As long as it is not used for malicious purposes, or sold to your friends - who cares?
Don't get me wrong I am not saying you should be sending pictures of your ID, name and address without second thoughts, because there are many bad things that can happen if such data goes in the wrong hands.