Quote from: money420weed on October 08, 2014, 05:21:45 PM

Quote from: cellard on October 07, 2014, 05:03:40 PM

Quote from: lihuajkl on October 07, 2014, 03:26:35 PM

We don't know whether our financial information is leaking out. We don't trust bank. So we choose decentralized anonymous cryptocurrency.

I have a suspicion one day Coinbase or BitPay might have a huge data breach of their own. They seem quite happy about logging info on people, so it's probably just a matter of time.

They have to keep this information to remain AML/KYC complaint. If they do not then they would be shut down regardless. I do however agree that they are likely not experienced enough to house this kind of data securely

Coinbase has access to all their customers credit profile and detail financial information.