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Yes, pretty much anything that has anything to do with anti-money laundering takes 7 to 10 years to even consider forgetting your account.
by xxs 5y ago
Yes, pretty much anything that has anything to do with anti-money laundering takes 7 to 10 years to even consider forgetting your account.
- not_kurt_godel 5y agoOk, and? 7-10 years isn't forever, or at least certainly not long enough to negate GP's point about blockchain immutability being undesirable as far as account deletion is concerned.
- xxs 5y agoDid I argue that point at all? Such immutable system will absolutely not be applicable to the EU and GDPR unless all the data is encrypted and the encryption keys are not part of the major chain. A lot of firms that deal with personal data may even have snapshots of every single change, sort of immutable - just not global. Again destroying the keys solves the issue of the immediate erasure. The latter is often times impossible due to tape back ups.