KYC measures in this space are extreme and beyond what’s required by law. Where does the line get drawn?

Coinbase just applied for a patent on a KYC process that’s far more draconian than required. https://www.coindesk.com/coinbase-patents-automated-kyc-enforcement-tool

At what point do people stand for privacy anymore? These measures take control away from individuals and give them to financial establishments whose goals are self serving. Do people just simply not care about individual liberties anymore? If people do care, why are we collectively being so silent while this occurs?

submitted by /u/Zinclepto
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