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X is working on ID verification, what’s next?
(lemmy.world)
First, I'm not going to give any social media my ID.
If someone intends to expose your ID to hackers due to Twitter's poor security performance, this presents a perfect occasion for them.
I don't know why these social media companies are so fixated on asking for personal information. And I'm sure this is just the beginning of Elon's grand plan.
Perhaps it's time to abandon Twitter and move to other fediverse or decentralised platforms? I would love to see a mass migration.
Basically the only reason to collect that level of ID if you’re not a bank is so you can fulfil anti-money laundering requirements necessary to allow trading of some commodity, or currency.
They also do it to harm sex workers.