Genuinely not trying to fear monger, but as a concerned customer it would be great if @coinbase could provide clarity around the statement from one of their reps that their analytics provider sold client data to 3rd parties.
Paging @brian_armstrong.https://cheddar.com/videos/coinbase-adds-support-for-ripple-s-xrp-despite-regulatory-uncertainty …
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I think a reasonable person would expect information to not be shared other than as disclosed a-priori, and as required to conduct business. And for external access: for reasonable efforts to screen requests for legal authority and rationale for access.
I know many people think that is a reasonable expectation, but in fact it certainly is not.
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P.S. take a shot at answering the question, which centralized entity that collects KYC/AML info in this space are you highly confident is much less likely to share it, whether accidentally or intentionally, than Coinbase?
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Based on what evidence? Have you compared CashApp's internal data control processes, policies, and security mechanisms with Coinbase's (n.b. they are both based in San Francisco, i.e. same jurisdiction, very similar professional and cultural backgrounds).
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Therefore the most honest thing for you and 99.9% of other people in this space not privy to this knowledge is to withold strong opinions about the relative merits of CashApp, Coinbase, and any other parties trusted with KYC/AML info in this space, to protect such information.
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What could they say that would not be misleading yet would satisfy people who divulged personal info? That they screwed up like every major data gatherer has and/or will do in the KYC/AML business? That the pretense that KYC/AML regs can be consistent with privacy is fraudulent?
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I would be very surprised if a National Security Letter has not been used against Coinbase to deliver a whole copy of their user database. They would be forced to comply and also forbidden to say they had received one.
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