Quote from: 1Referee on August 10, 2019, 02:59:02 PM

Even if they did truly delete your data, who says they haven't been hacked? Or that an employee copied their database and use it to extort them at a later stage through a proxy? I rather be paranoid than too comfortable in times where crazy things are happening with people's information. Crypto as a whole is too immature and unprofessional to take serious.

This.

The entire concept of KYC in crypto is completely ridiculous when there are billion dollar banks and EMIs who don't even have access to goverment databases, (as far as i'm aware. I think equifax is the exception here.)

Yet, i should be eager to share my passport and thus very identifying information that could be misused in dozens of different ways to a *shitty* crypto startup, (for which if things go south, no one will take real responsibility.) which probably hired some junior CS student to check them, for a payment that is way less than a second-hand car.

Quote from: figmentofmyass on August 11, 2019, 05:12:25 PM

i remember people used to think shapeshift would never bend over for regulators. then overnight one day, we had mandatory accounts and KYC. Undecided

Worse yet, analyzing their traffic it doesn't look like it hurt them that much. https://www.alexa.com/siteinfo/shapeshift.io - https://www.similarweb.com/website/shapeshift.io

If we let KYC become salonfähig for companies, instead of boycotting those who implement it, they'll probably all start implementing it. Looks like that's already happening/happend.