▲ 585 ▼ If you had any doubts that Know-Your-Customer laws were evil, here is one very good reason: personal data of 1 BILLION people just leaked. (cybernews.com) submitted 8 months ago by herseycokguzelolacak@lemmy.ml to c/technology@lemmy.world 57 comments fedilink hide all child comments
[+] bacon_pdp@lemmy.world 17 points 8 months ago (5 children) [deleted] permalink fedilink source hideshow 5 child comments replies: [–] infinitesunrise@slrpnk.net 10 points 8 months ago* (4 children) Why? Little corporations must comply with KYC law, too. They're all required to gather personal data. permalink fedilink source parent hideshow 4 child comments replies: [+] bacon_pdp@lemmy.world 2 points 8 months ago (4 children) [deleted] permalink fedilink source parent hideshow 4 child comments replies: [–] privatepirate@lemmy.zip 2 points 8 months ago (3 children) Ok but how would that even work? When a company's product/service is good, then people start recommending it to others and more and more people start using it. The only way to stop companies from growing big is to force them to stop accepting customers after a certain point. permalink fedilink source parent hideshow 3 child comments replies: [+] bacon_pdp@lemmy.world 3 points 8 months ago (3 children) [deleted] permalink fedilink source parent hideshow 3 child comments replies: [–] privatepirate@lemmy.zip 0 points 8 months ago (2 children) Then the big companies will just operate under multiple names to commit tax evasion like they already do and pay off the politicians to let them. permalink fedilink source parent hideshow 2 child comments replies: [–] phutatorius@lemmy.zip 1 point 8 months ago (1 child) So your reasoning is that it's not enforced now, so it'll never be enforced? Okay, no point in bothering then, huh? permalink fedilink source parent hideshow 1 child comment replies: [–] privatepirate@lemmy.zip 2 points 8 months ago I'm saying that the big corporations have such a strong foothold that I personally don't think we will ever be able to properly regulate them when they can pay off all of the politicians. I'm not trying to be a doomer, those are just my beliefs. permalink fedilink source parent load more comments (-1 replies) load more comments (-1 replies)
[–] infinitesunrise@slrpnk.net 10 points 8 months ago* (4 children) Why? Little corporations must comply with KYC law, too. They're all required to gather personal data. permalink fedilink source parent hideshow 4 child comments replies: [+] bacon_pdp@lemmy.world 2 points 8 months ago (4 children) [deleted] permalink fedilink source parent hideshow 4 child comments replies: [–] privatepirate@lemmy.zip 2 points 8 months ago (3 children) Ok but how would that even work? When a company's product/service is good, then people start recommending it to others and more and more people start using it. The only way to stop companies from growing big is to force them to stop accepting customers after a certain point. permalink fedilink source parent hideshow 3 child comments replies: [+] bacon_pdp@lemmy.world 3 points 8 months ago (3 children) [deleted] permalink fedilink source parent hideshow 3 child comments replies: [–] privatepirate@lemmy.zip 0 points 8 months ago (2 children) Then the big companies will just operate under multiple names to commit tax evasion like they already do and pay off the politicians to let them. permalink fedilink source parent hideshow 2 child comments replies: [–] phutatorius@lemmy.zip 1 point 8 months ago (1 child) So your reasoning is that it's not enforced now, so it'll never be enforced? Okay, no point in bothering then, huh? permalink fedilink source parent hideshow 1 child comment replies: [–] privatepirate@lemmy.zip 2 points 8 months ago I'm saying that the big corporations have such a strong foothold that I personally don't think we will ever be able to properly regulate them when they can pay off all of the politicians. I'm not trying to be a doomer, those are just my beliefs. permalink fedilink source parent load more comments (-1 replies) load more comments (-1 replies)
[+] bacon_pdp@lemmy.world 2 points 8 months ago (4 children) [deleted] permalink fedilink source parent hideshow 4 child comments replies: [–] privatepirate@lemmy.zip 2 points 8 months ago (3 children) Ok but how would that even work? When a company's product/service is good, then people start recommending it to others and more and more people start using it. The only way to stop companies from growing big is to force them to stop accepting customers after a certain point. permalink fedilink source parent hideshow 3 child comments replies: [+] bacon_pdp@lemmy.world 3 points 8 months ago (3 children) [deleted] permalink fedilink source parent hideshow 3 child comments replies: [–] privatepirate@lemmy.zip 0 points 8 months ago (2 children) Then the big companies will just operate under multiple names to commit tax evasion like they already do and pay off the politicians to let them. permalink fedilink source parent hideshow 2 child comments replies: [–] phutatorius@lemmy.zip 1 point 8 months ago (1 child) So your reasoning is that it's not enforced now, so it'll never be enforced? Okay, no point in bothering then, huh? permalink fedilink source parent hideshow 1 child comment replies: [–] privatepirate@lemmy.zip 2 points 8 months ago I'm saying that the big corporations have such a strong foothold that I personally don't think we will ever be able to properly regulate them when they can pay off all of the politicians. I'm not trying to be a doomer, those are just my beliefs. permalink fedilink source parent load more comments (-1 replies)
[–] privatepirate@lemmy.zip 2 points 8 months ago (3 children) Ok but how would that even work? When a company's product/service is good, then people start recommending it to others and more and more people start using it. The only way to stop companies from growing big is to force them to stop accepting customers after a certain point. permalink fedilink source parent hideshow 3 child comments replies: [+] bacon_pdp@lemmy.world 3 points 8 months ago (3 children) [deleted] permalink fedilink source parent hideshow 3 child comments replies: [–] privatepirate@lemmy.zip 0 points 8 months ago (2 children) Then the big companies will just operate under multiple names to commit tax evasion like they already do and pay off the politicians to let them. permalink fedilink source parent hideshow 2 child comments replies: [–] phutatorius@lemmy.zip 1 point 8 months ago (1 child) So your reasoning is that it's not enforced now, so it'll never be enforced? Okay, no point in bothering then, huh? permalink fedilink source parent hideshow 1 child comment replies: [–] privatepirate@lemmy.zip 2 points 8 months ago I'm saying that the big corporations have such a strong foothold that I personally don't think we will ever be able to properly regulate them when they can pay off all of the politicians. I'm not trying to be a doomer, those are just my beliefs. permalink fedilink source parent load more comments (-1 replies)
[+] bacon_pdp@lemmy.world 3 points 8 months ago (3 children) [deleted] permalink fedilink source parent hideshow 3 child comments replies: [–] privatepirate@lemmy.zip 0 points 8 months ago (2 children) Then the big companies will just operate under multiple names to commit tax evasion like they already do and pay off the politicians to let them. permalink fedilink source parent hideshow 2 child comments replies: [–] phutatorius@lemmy.zip 1 point 8 months ago (1 child) So your reasoning is that it's not enforced now, so it'll never be enforced? Okay, no point in bothering then, huh? permalink fedilink source parent hideshow 1 child comment replies: [–] privatepirate@lemmy.zip 2 points 8 months ago I'm saying that the big corporations have such a strong foothold that I personally don't think we will ever be able to properly regulate them when they can pay off all of the politicians. I'm not trying to be a doomer, those are just my beliefs. permalink fedilink source parent
[–] privatepirate@lemmy.zip 0 points 8 months ago (2 children) Then the big companies will just operate under multiple names to commit tax evasion like they already do and pay off the politicians to let them. permalink fedilink source parent hideshow 2 child comments replies: [–] phutatorius@lemmy.zip 1 point 8 months ago (1 child) So your reasoning is that it's not enforced now, so it'll never be enforced? Okay, no point in bothering then, huh? permalink fedilink source parent hideshow 1 child comment replies: [–] privatepirate@lemmy.zip 2 points 8 months ago I'm saying that the big corporations have such a strong foothold that I personally don't think we will ever be able to properly regulate them when they can pay off all of the politicians. I'm not trying to be a doomer, those are just my beliefs. permalink fedilink source parent
[–] phutatorius@lemmy.zip 1 point 8 months ago (1 child) So your reasoning is that it's not enforced now, so it'll never be enforced? Okay, no point in bothering then, huh? permalink fedilink source parent hideshow 1 child comment replies: [–] privatepirate@lemmy.zip 2 points 8 months ago I'm saying that the big corporations have such a strong foothold that I personally don't think we will ever be able to properly regulate them when they can pay off all of the politicians. I'm not trying to be a doomer, those are just my beliefs. permalink fedilink source parent
[–] privatepirate@lemmy.zip 2 points 8 months ago I'm saying that the big corporations have such a strong foothold that I personally don't think we will ever be able to properly regulate them when they can pay off all of the politicians. I'm not trying to be a doomer, those are just my beliefs. permalink fedilink source parent