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The finance industry has strict KYC laws to prevent fraud and funding of other criminal pursuits. Now we have several converging trends: - we need to know if
by CatWChainsaw 2y ago
The finance industry has strict KYC laws to prevent fraud and funding of other criminal pursuits. Now we have several converging trends:
- we need to know if anyone ever says anything doubleplus ungood so we can punish them with a lifetime exile from society. what qualifies depends on the day and if mercury is in retrograde.
- data is useful for making money
- human verification on an AI-enshittified net becomes practically "required" to get any "legitimate" content, by which i mean the dreck we had pre-2022 as opposed to post-2022.
- everything as a subscription service
- also the ghost of web 3.0
More parties are incentivized to hoover more data. So although #1 is overkill and everything else you listed, it's the path more companies will be taking in a neverending arms race.