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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Replying to @jillruthcarlson @_jillruth and
Not sure what is so surprising about this?
4 replies 2 retweets 65 likes -
Selling data is very different from collecting it for regulatory purposes. I consented to Coinbase collecting my data for KYC/AML purposes. I did not knowingly consent to Coinbase collecting my data to sell to other parties.
2 replies 3 retweets 24 likes -
Replying to @jillruthcarlson @_jillruth and
Can you link to something that shows Coinbase sold data to other parties?
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Replying to @lylepratt @_jillruth and
It sounds like they shared data with a contractor who needed it to do the job Coinbase asked them to do, then the contractor shared if further, now it's out of Coinbase's control. Very typical thing to happen to data, it can, has, and will happen to every major KYC/AML'd entity.
3 replies 12 retweets 60 likes -
Replying to @NickSzabo4 @lylepratt and
Does not need to "happen to every major KYC/AML entity'" right? Consider: 'An encrypted memo field allows the Sender to attach information to a shielded transaction, facilitating compliance with the Bank Secrecy Act’s “Travel” rule.'http://Z.cash/compliance
1 reply 0 retweets 1 like
Might work. It's an interesting approach. But at some point somebody has to decrypt and copy that data to use it (modulo the rare multiparty private computation), at which point it has been shared with that person's app, which could easily cache that data, share if further etc.
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Replying to @NickSzabo4 @lylepratt and
Searching and seizing my personal data must be warranted, by court order! Else, I will not give them my viewing keys! Right?
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