SSN

Nada_Lives

Stop screwing around with fiat. Bitcoin does not care about SSN.

98gffg7728993d87

Strike isn't a wallet its a way to purchase bitcoin. ​ Wallets dont require a ssn. They dont require any info. Electrum is a wallet. ​ If you dont want to give your SSN to buy bitcoin, use bisq. Its the most headache free way to buy bitcoin that ive found.

xxp00nslay3r69x

Name: >S. Nakamoto Address: >100 Bureau Drive >Building 225, 3rd floor >Gaithersburg, Maryland 20899 SSN: >220-09-0301 DoB >March 3

Forward_Cranberry_82

How'd you know I have an Amazon seller account whose registered SSN ends with 6969???

Siddmaster

The IRS/bank didn’t use an SSN and instead used first middle last name? Embarrassing wow

ObeseSwordfish

Sucks for you. This was a lesson that many learned when Ledger had their marketing database leaked in 2020. Not only should you be concerned about "risks to your money," but also "risks to your data." Personal data is extremely valuable, and the reward for giving up personal data is often not worth the risk. In the case of Celsuis, not only was your bitcoin on the chopping block, but so too was all that data they got from you when completing the KYC process. Quick example: financial institutions offering a "$300 bonus" to sign up with them and open a checking account. You think, "sure, I only have to transfer $1,000 over, and it only has to sit there for 60 days. What's the harm?" Especially when it works out, and you withdraw your $1,300 to your main bank, you're like "well I guess I'm all good." Then you find out a year or two later that the bank was hacked and your address and SSN have been compromised. You may sit there and think, "was the $300 really worth me having important data leaked?" Consider that, being a Bitcoiner, you know that no KYC data is needed in order to utilize the Bitcoin open monetary network. So, giving out any information more than that is unnecessary, and potentially harmful. Be careful out there.

Remote-Double1369

You consistently hear about ransom attacks where personal information is released, weather it be credit card information, medical information or any other type of information where there is a direct link to you as an individual (social security number, living address, etc.). Imagine being given a crypto address that stores your medical information. You own the key to this address. As long as you safe guard this key, the likelihood of your information being stolen and released are minuscule. And even if it is… there is no link back to you directly if the system is set up correctly. Additionally your information would be made readily available and could be used for research to help find cures for disease, etc. again, there would be no way to tie this information back to a SSN, personal address, bank account etc

tiktaktok_65

limited to max. 10k per calendar year and per person and only available to US residents w. SSN. you also need to hold 5 years to fully gain all interest.

Xislex

In T-Mobile there are 3 ways someone can change your SIM 1. In store with an ID 2. Through call/chat using your phone 3. Through call/chat with information on your account numbe or mobile number and your T-Mobile PIN And to be able to do a PIN change, the person must provide the verification code that has to be sent to your phone/email and your last 4 SSN digits. No other way around this

Narmotur

So the site is 101 days old (red flag) and hosted on namecheap (used for a large number of scams, adds a red flag with the age). They claim on the site... something? About being around since 2017 which was more than 101 days ago, I think. >Our History 2017 – 2018 Researching and Developing Leading Technology Genesis block mined MegaWaysTrading founded Launched 1st generation 45 nm MegaWaysTrading deploys FPGA platform to operations process 2018 – 2020. Since they're on a shared hosting plan with namecheap it's hard to know what other sites they may be directly linked to, there's dozens or maybe hundreds of other sites on that same machine, all from different users. They have really bad english around the site, the customer feedback section has the same person twice (lol). Also their.. CEO has left customer feedback as a "Director"? And isn't listed in their employees? It's a mess. Their team photos are a mix of stock images and stolen headshots. For example "Richard Wainright" appears to be some crypto guy: https://twitter.com/nikodejonghe77 Obviously you already know it's a scam, and sadly any money deposited is gone. Any returns are fake, and any more money sent would just move them on to the next request for more money; "fees", "taxes", "wallet activation", it never ends. **Please be aware that falling for one scam makes your dad a target for additional scams. Find out what information he has given them; if it includes scans of IDs, or his SSN, etc, put some monitoring on his credit report.**

Status_Floor1746

All of that data though revolves around SSN which were then made null and void. You can’t change your medical records or a bunch of other stuff that was leaked in this dump. These people can get new numbers but the amount of info allows people to again take over their identity

Parched-Gila

Is that why exchanges need my SSN before I'm allowed to buy crypto?

BuyRackTurk

> Why do you think that people pay taxes? They dont. for the most part, employers "withhold" taxes from people, so they dont have a choice whether or not to pay them. And the IRS tries very hard to make sure any payment going over the legacy fiat networks has either a EIN, SSN, or TID associated with it, and the appropriate 1099 or w2 to match. IOW: fiat doesnt move without a whole bunch of tracking and tax theft baked in. Bitcoin has none of that shit.

nothingwithouthome

Don’t forget.. this is the same technology people are advocating putting medical records, banking information, SSN, deeds and trusts. This is the future? Be careful where you “invest” your money. Protect yourself and family before feeding the hype of a massive flawed technological complex.

CourageousBellPepper

You and I may know how to manage risk, but these companies took advantage of people’s trust. It wasn’t like these folks were staking on defi degen platforms promising 235% APY, they were just trying to outperform inflation as best they could in a centralized place that is legitimate enough to need their SSN for providing 1099 tax forms. These customers were doing all of the necessary things to get a little bit ahead while supporting the space to grow and I don’t think they should be overly criticized for that. It’s a learning lesson for many sure, but there’s a gray area of deception that these companies and exchanges created in order to attract so many people who had a false sense of security.

Nada_Lives

Associate an SSN with it, KYC-ers, and it's theirs.

Jhydro

Seriously. You SSN and identity are way more valuable than $300.

AinNoWayBoi61

Safe locations in houses of people you trust. Immediate family is best. Where do you keep your essential documents like BC, SSN and passport? Everyone has locations like that, leave tamper proof envelopes in locations like that of other people

RedsRaver

I’ve literally already done that, that’s why they have 2FA, they just send me a text message and bam, I’m in. > Yeah, but just wait until you get a new phone number and lose your 2FA Actually already been there with Fidelity. I called their corporate office, just spoke to a regular person, not even my guy. They asked me over the phone to tell them my full name, address, date of birth, last four of my SSN, my email address, my old phone number, and then finally, my new phone number. But at no point did I ever have to reupload documents. At no point did I have to time stamp a handwritten letter - not even in my original verification with Fidelity, nor with my original verification with Coinbase for that matter - and screenshot it with my face. **Not even when I was changing 2FA with one of the world’s largest and most reputable brokerages was I asked to upload a single document**. # So yeah dude, I’ll keep using the superior platforms to trade the superior products. By the way, Coinbase doesn’t allow you to do this on the phone, they only allow you to do this on a computer. Guess what? Not everybody in 2022 has a fucking desktop. You want me to use a computer? How about you accept the computer that is in my hands right now?

RedsRaver

I have already given them my SSN, that’s what I’m saying. And if you look at the post now, I have edited in the word “screenshots” to include a link to the conversation. Within that conversation, they state my account was never verified - again, even though they have my driver license AND social security number AND have been trading fairly regularly.

CRTsdidnothingwrong

Verification isn't a single on off switch based on a drivers license, there are different levels of it. At a certain point you have to do more involved verification with an SSN and other stuff. You haven't uncovered some catch 22 for Coinbase, you are just being resistant to more KYC and should have seen it coming from Coinbase they're the most regulation compliant exchange there is.

YourMatt

Yes, but a helpful caveat is that it's $10k per SSN and TIN in your taxes. Married filing jointly and have a side business, then you can do $30k.

Ok_Rub_8219

No doubt they are scams, I was told to provide my information such as my DL and SSN and never heard back from them. watch out!

TitaniumDragon

Wow, con artist spews bullshit at 11. The government doesn't "define our names". Legal names are simply a form of identification that is used by governments for practical reasons. Realistically speaking, we often track people via a combination of data points - name, address, SSN or other government ID number, etc. If you don't like your legal name, you can change it if you want in basically every country. If I wanted to name myself Rutherford Bigglesworth IV, I can just go do that. The purpose of legal names is to stably attach someone to an identity for various purposes. It's necessary for many, many important things. Like, for example, owning property. If you can't prove that you are the person on the deed, you are kind of in trouble as far as such things go. There's nothing wrong with using whatever nickname or nom du plume that you want for 99% of the things you do. Your legal name is not necessarily your "real name", but it is an important identifier that is used for a variety of purposes. If you want to go by another name IRL or online, you're free to do so. I call myself something other than my "legal name" in my head. But it doesn't mean that legal names aren't useful identifiers.

Kreios333

Just provide your seed phrase and SSN

LegacyAngel

Would be very curious if they let you do this. Seems like a big hole from their point of view (cuz of KYC). I am guessing they have your SSN still?

uNd0ubT3D

It’s not. Sometimes their computer just generates a notice because something from your tax return does not match a tax document in your SSN. Humans are not generating these notices at the IRS.

AblePaleontologist0

It will be expensive - plus, NFTs giving ownership. Technically, you dont want to "own" receipts. Your idea can however be implemented from a blockchain perspective, I did hear about a startup that planned on transmitting relevant info to the government whenever signing up for a SSN in an encrypted manner via blockchains. Dont know if they are still around.

WinterfuryZX

Lol tour system sucks, in Italy I pay less if I go to a private specialist such a cardiologist paid entirely by myself (entirely bypassing the SSN).

OK_Renegade

And usually when you go to an institution, they require a copy of your ID. Try signing up for any crypto exchange for instance, stay in a hotel, whatever. They all save a copy of your ID and you lost all custody of it. With these solutions, you can get a Verifyable Credential (for instance from your State) that your name is "threeseed". When you sign up for an exchange, you can claim that is your acual name (or SSN etc), and the exchange or their 3rd party provider can validate if this claim is true or not. They can store this validation for later audits if required, but they wont need to store a copy of your ID. Whenever you delete your account, you can also revoke their access to validate your information. Of course these solutions need to be build and audited, and there are still ways to (illegaly) store your personal information, but you dont have to rely on their trustworthiness to delete your personal data by themselves.

MilesPower

Totally agree it's super fucking weird. I think a lot of people are totally oblivious to how important a name is. Bitcoin is super simple, describes the project, easy to remember. Soulbound sounds fucking ridiculous for something that is essentially supposed to replace SSN or citizen registration/qualifications database. "Let me just check your soulbound token" sounds like something a new-age crystal healer might say to you on a wilderness retreat before they sexually assault you.

TrymWS

You guys need to figure out something better than SSN regardless, that shit sounds like a mess I wouldn’t wanna deal with.

flyfree256

There would need to be a governing body or standardization for this to happen, so there'd be a way to recover it. Whether losing your SSN is easier or harder than losing your private key (maliciously or otherwise) remains to be seen. Same with (for example) using NFTs for something like home ownership. The main barrier then is it being "officially" recognized as such by a local (or larger) government.

daBiggaFigga

My wife can barely use the AirDrop feature on her iPhone. She's brilliant at most things, but simple tech stuff to me is an obstacle for her and most others. Onboarding to crypto is still a learning curve for the majority. But I would recommend using something like CASH app or Paypal for someone to get easily started. At least these are familiar apps with no SSN or KYC needed. Just an email and a debit card.

Nickeless

Well I bonds are at like 9.6% right now (just move with inflation). But only guaranteed at that rate for 6 months and you can't touch the money for a year. And only $10K max per year per SSN. But overall basically risk free and great spot to put money right now in the US. Risk free in the sense that if the US govt stops paying back it's bonds we'll probably be in an apocalypse scenario anyway.

Nada_Lives

Anyone who has your SSN can potentially find what brand of toilet paper you use.

BashCo

I don't see why they should need your SSN. What kind of service is it?

092fj0jfoKnh

Tommy is a big boy now. Do you think he still needs his mothers SSN? 🙄

SilentMaster

I don't know that exactly, but my guess they pretend to be experts that can solve whatever problem OP has, then they said, "But all I need is your XYZ." The OP trusts them because they are experts and hands over their wallet address or passphrase, or coinbase password, or 2FA number, or SSN, or any number of very private pieces of data, then instead of helping, the expert sends the money to their wallet, and OP just got robbed.

frumpydrangus

USA ones ask for your drivers licenses and SSN

Lordwigglesthe1st

My favorite use case is identity, something I've recently seen cardano doing in California and i think Ethiopia. When you buy alcohol or something that requires you to show ID, its eswentially requiring two things of you: age and a picture confirming its your ID. everything else is irrelevant for the purpose of that interaction. When you get a job and they take a copy of your ID, your SSN for work eligibility, how do you know that their security is legit and nothing is going to happen to your personal data? With a secure, mostly private digital ID you can better track who has access to your data, for what, and for how long - automatically! I think the right blockchain will be instrumental in shifting data policy

anthonyjh21

I-bonds $10k per year per SSN pegged to inflation. Current 6mo rate is ~9.8%. As risk free as it gets but you're limited in how much you can buy.

techma2019

I once gave someone over the phone my ICQ # instead of my SSN. By accident. Still embedded deep in the brain somewhere.

never_safe_for_life

So can somebody list some reasons why a digital identity for students is a good thing? I get having an identity at the country level (eg SSN) but what is the point of this kind of student ID?

WTFOMGBBQ

Ugh, started to sign up, they want the last 4 of my SSN.. ehhhh…

MySilverSquad

Sure, just give me your SSN, DOB, Addy, CC#, Routing and Bank Account Numbers, and you got a deal :)

LucSr

If you code a message in bitcoin block chain saying that "me, Joe, SSN 12345678, own the star of Sirius" and all Earth miners agree (or don't care) to put it in the block chain by their commit energy work. You might think you own Sirius or you have 100000000 sat. However, some aliens could reorg the block chain to exclude this tx (and relevant ones) by their stronger energy work. Ownership is not an absolute or divine concept. It simply means nearby people practically/economically accept the claim and do not challenge the claim. You also weed out the grass of back yard without asking the rabbit whose family may live there long before you move in. There is always force behind so-called "ownership", be it gun or energy work. When a country is invaded and the new ruler claims the old fiat is invalid, the "ownership" is gone too.

Dangerous-Paper9571

Yeah that makes sense to me. See, the reason I'm asking is that I'm sure I must have verified this information already, but when I go to the interest page, I'm seeing a message saying I need to verify my SSN before I can earn interest, then the form won't accept my SSN when I type it in, and yet I'm also seeing that I currently am earning interest on the USDC I have on there. So I don't know what's going on but I'm leaning towards the site is broken.

Nada_Lives

Bitcoin doesn't care about your SSN, or your birthday or your astrological sign. That's the fiat system being snoopy. Just ONE of the reasons to leave and go with Bitcoin, to preserve your privacy.

Dangerous-Paper9571

I made a post about this but I don't want to use this place as tech support or anything. This seems a bit long for this daily discussion thread, but I'm just wondering if anyone has any thoughts about this. On Coinbase, in the interest tab, I currently see see two messages. One says that I have to verify my SSN to start earning interest. And just below that I see that I am currently earning interest on my USDC. When I try to click the button to verify my SSN, it doesn't take it. This is a problem that I have only ever had on Coinbase. And the thing is, to sign up and get my account to level 3, I need to have already verified this, right? They took it the first time. So I don't even know if I'm supposed to be seeing this message at all. I mean, it's showing me that I am earning interest. So, I've been talking to customer service, but it's been like pulling teeth, and today I got an email that they want me to send them documents containing my social security number, not on the Coinbase website, but they want me to use a different website called SendSafely, which okay, it's kind of weird that I couldn't just do this on the website but I'm sure it's legit. But is there any reason I should have to do this? I am entering my SSN correctly, I know that I previously have verified it, and it's already telling me that I'm earning. I'm thinking about just not responding and waiting until the end of the month to see if it shows up in my account. I barely have any USDC loaded to earn interest on anyway, so far I've earned two cents. It's just the principle of the thing.

bigoaktrees

Any exchange that has given you a card, has your tax ID (e.g. SSN for Coinbase US), and they'll report your activity to the tax authority.

the_nibler

Thank god I got my taxes figured out a couple weeks ago. A combination of stake.tax.com to export CSV of ALGO DeFi stuff and koinly for all my normal wallets. Handed that to a CPA, filed for an extension myself(pending my wife’s SSN)and voila! Taxes have been officially post poned for 6 months!

The-Francois8

I think their first step is to cross reference the people who say “No” on the crypto question with those who’s SSN is tied to a KYC exchange. If they get the massive funding increase they’re seeking, then others will come into play and your idea might become more real.

Wabi-Sabibitch

**TL;DR** **Unreliability** Traditional centralized banks can be unreliable. If you use mobile banking and their servers are down, you can’t access your finances unless you go to a local ATM and withdraw money in paper cash. **Crazy Fees** Banks make over $15 billion a year in overdraft fees, according to the federal Consumer Financial Protection Bureau. That’s $15 billion of hard-earned money from people’s pocket to their pocket. **Transactions can take an eternity** With centralized banks, transactions can take a long time depending on the type of transactions. For large amounts of cash or international payments, it can take a week or more Unlike traditional banking systems, which have queues and protocols to follow, cryptocurrency transactions are extremely fast **Human Bias** Since bank transactions and financial services depend on account numbers and personal information, they are open to biases. **Data collection** A lot of platforms today do share your data with third parties. But it’s one thing for a social media platform to collect your data and another thing for a bank to collect your sensitive information like passport or ID information, residence address, SSN, and employment information. **Security Issues** Banks suffer an average of 85 attempted serious cyber attacks a year, and one-third are successful, according to a survey by Accenture.

uebersoldat

This happens all the time to many different big names. You do realize that it means nothing that Robinhood was breached when you've had the following also breached in the last few years: - Yahoo - Verifications.io - LinkedIn - Facebook - Twitter - EXPERIAN ffs - Adobe - EQUIFAX ffs - eBay - Capital One - Dropbox - TUmblr - Uber - Home Depot - Twitch - Zoom - Nintendo - SOLARWINDS ffs! You're crying about an email addy. Over 140 million Americans had their SSN compromised by the Equifax breach. We get it, you're shorting HOOD. But to be fair maybe you should stop being a part of society and go live in the woods off the grid if you don't ever want your email sold, leaked or stolen. And use MFA.

Worried_Thylacine

Wasn’t it equifax that leaked your whole credit history to involve SSN, email, phone, addresses, CC numbers, banking numbers, and such? Email seems like the least concern

dinoaids

Time to switch to kraken. Fucking sucks cause I hate having to put my bank account info and SSN out there now.

8512764EA

Bingo. Now they have everything you gave them Name bank account numbers, etc I hope you didn’t give your SSN or license Either way, close your account(s) and open new ones as soon as you wake up in the morning and the bank opens

SamuelLJenkins

Throw in you mother's maiden name and SSN for quicker response.

wtfbbqsauce889

>I don't have my SSN Sounds like you should address that.

The-Francois8

I hear you. It seems to me that they’re trying to beat info out of the exchanges. I can see them running a query to match those SSN with people who clicked no on the question. It’s honestly the only reason I can see for that question. There’s risk in all directions. This is my thinking for how I’m approaching it and what I think they do next.

Guswanicarbohydrate

Bob sends Bitcoin to Alice. All he needs is Alice's receive address. ​ Also, SSN only applies to US. Bitcoin is world-wide.

TeamGravityAnalytica

All assets are decentralized though. I don't know if the world needs a digital one or not. But, it has 20000 now. I'd just prefer people use one that doesn't cause such environmental hazard as BTC. And, I wish people understood BTC isn't a currency. "By the time a fiat saver is ready to retire they can’t do so with equal means as they wanted so they have to continue to work past 60…62…65…70. The social security fixed income payments have become a joke in this environment." SSN was meant to bail out people who didn't think ahead. Smart people don't have their future tied up in cash. And never have. If people understood economics better society would have fewer problems like this.

wesselus

This right here... I have such a small amount and last I checked Reddit doesn't have my SSN.

justplaincrypto

I agree, you can see what wallets are doing what in Bitcoin. I don't see my name on anything or my TaxID or my SSN or my Address attached to the wallets through. BTC wallets are free. Most of them by default create a new deposit address for you every time you send out BTC. I am not trying to say BTC is better than XMR at the privacy game, I like both coins... I am just saying that far to much emphasis is placed on the idea privacy, in comparison to decentralization, and the overall security of a network. Again, I'm not bashing XMR ( I am taking a poke at the security meme coins like Arrr that say privacy is more important than anything else)

Mrs-Lemon

> A properly stored private key (cold wallet for example) is exactly as, if not more, secure as the key to your front door. The only way to steal it is physical access or guessing, which is practically impossible. Also by phishing, scamming, etc. Physical access is not practically impossible. If your house could be stolen just by someone getting your private key (which would be the case with NFT ownership of a house), then they could just $5 wrench attack you, get your private key, and then they own your house 100%. It would be immutable and publicly verifiable that they now own your house. Replace house with SSN, debit card, car, etc.

Any-Comb4685

This will be followed up with “I gave her my SSN and DOB to setup an account for me”. “I trust her bc she said she liked me” Sorry man you are being played hardcore. Good luck with getting your money back

IAmNocturneAMA

For me there is a huge wall when it comes to signing up with these brokers. When I signed up for coinbase and binance there was no KYC required, but if you KYC you saw benefits like larger deposits/withdrawals and removal of limits. And for a long time I didn't need to KYC, the basic plans were good enough for me. I eventually had to KYC because I wanted to buy more, sell more, trade more. Signing up with these brokers had different requirements, minimum deposit, must have two governments IDs, a full address with proof, photo, SSN, the list goes on and on. Its just too much. But yeah I agree, housing is a huge hill to get over and I feel like crypto is the only option at this point.

Jimmychino

Yeah. I work for coinbase. Why don't you post your bank username and your password here. Also need your SSN.

cheloarg

Hey guys, how's it going? I have a US bank account but I do not have US tax ID (neither SSN), so my Binance account is from Spain (not the us.binance.com website but the regular one binance.com). Any chance I can withdraw USDT that I already have in my wallet to my US bank account? I'd withdraw it to my Spanish bank account and then wire transfer to my US bank but I don't have access to it because I'm abroad and I need the money in the United States. Maybe using some sort of P2P and someone would Zelle me? Thanks a lot guys I really appreciate the help :)

NXCW

They will offer $50 free credit per SSN

Nada_Lives

Just give them your SSN. Then they'll even know what brand of toilet paper you use.

vaticanvoodooo

Bitcoin ATM operator here…. Our largest customer base is boomers. They use it because it is like using a cash ATM, it’s familiar and easy. To those saying people use them to remain anonymous, that is only partly true. It is non-KYC to a 24 hour limit. Past that we require phone number, government ID, and SSN, depending on the transaction amount. We must follow the same rules banks do, which is largely governed by FINCEN.

hightops008

They ask for your full SSN though! Is that safe?

TacoLover369

Does he want your SSN too?

Blackswanbitcoin

Our KYC Process: $5 - 900 SMS Verification $901 - 2,999 SMS + PIN + ID Scan + Photo of ID $3000 - 20,000 SMS + PIN + ID Scan + Photo of ID + Blockscore (SSN)

Gh3tto_twinkie

Yeah you’re definitely getting scammed bruh. I just went to coinbase verification page and it’s all the same. Photo id last 4 of SSN address etc. None of what u just said. https://help.coinbase.com/en/coinbase/managing-my-account/update-my-account/identity-verification-faq

mr_sew

I know a guy that joined coinbase back in 2017 and all he had to give was his SSN and a picture of his state issued ID. I am sure things might have tightened up a little since then, but your list sounds quite excessive. There must be something suspect about your identity or crypto history.

CubeBag

"Non-custodial" is the property of wallets that means keys are stored locally. "Decentralized" isn't really a property wallets can have (if anything, you would want your wallet and keys centralized entirely within your own hardware). Some exchanges have developed their own non-custodial wallets, but you don't have to pick one that was made by a big exchange. For instance, Electrum is a bitcoin wallet created in 2011 that predates most (all?) current exchanges. When picking a non-custodial wallet (these aren't mandatory but are factors to consider), look for something with a good track record, something that's been around for a while, something which has public source code that other people can audit. If a wallet asks you to back up a 12 or 24-word recovery passphrase, take this backup seriously because this is what is used to generate all of your keys. (If a wallet doesn't ask you to backup these words, then it's probably custodial. If a wallet asks for any kind of personal information like an ID or SSN, that's generally a red flag.) Not using an exchange-developed wallet probably won't make it any tougher to use funds. Outside exchanges, everything is sent between addresses, so if you want to send it back to an exchange, you'll send it to their deposit address.

Nada_Lives

They track ALL your financial activities. It's in your SSN and those tax returns.

_blockchainlife

Tie wallet addresses to SSN. Make everything else illegal. Instant adoption and tracking.

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BlazeVortex99

Imagine thinking the company that runs an exchange and requires a username and password and in some cases SSN to run isn’t centralized. People can think DeFi is the future all they want, and that regulation is bad all they want, but I think folks are beginning to realize the line “crypto can’t be regulated”/“crypto is decentralized” is just… untrue. And it will be regulated, like it or not, eventually.

hairynutzndik

It’s not good. But anyone could get that info from just knowing you or by you losing your wallet. It happens all the time. It would be good for you to deactivate your email, and buy some form of credit monitoring service. It would be a lot worse if they also got ahold of your SIN/ SSN.

HiddenMoney420

> It's a difficult problem not a simple one. I agree, but as far as blockchain solutions are, this seems like a simple problem to solve. > But also be able to verify peoples identify and prevent fraudulent votes. Right, this is the hardest and most important part imo. I'm not a crypto genius by any means, but I feel like there could be a way where required documents (SSN, Birth Certificate, etc.) could be sent to a smart contract for validation and given a unique ID. This unique ID could be linked/connected to a private key, which a user/voter receives upon smart contract validation of their documents. > Like you need people to anonymously vote People would vote anonymously through using their (I'll use ERC-20 tokens as the example) ERC-20 voting token, which resides in the wallet that their private key has access to. The 'election ledger' would display the voting results in public keys, so all voting was done anonymously, by verified voters, while allowing privacy to be maintained. > and to what party. This could be solved in a number of ways I think.. having 1 chain per party could be a solution, or having voting tokens be party specific (i.e. 2024 Republican Presidential Nominee Token / 2024 Democratic Presidential Nominee Token), with the appropriate tokens being delivered according to the documents each user submitted back in the smart contract validation process. > Doing all that on public ledger that can be later used against you if authoritarian take control of govt is not the best idea. I don't really know what you mean by this.. The public ledger would display the voting results of each verified user by their public key, with anyone observing it having no way of knowing which private key the votes came from, while at the same time being assured that all votes are legitimate, as only users who have had their documents validated through the smart contract end up with wallets/tokens/voting rights.

dwin31

Nope, just your SSN and mothers maiden name! :)

leeljay

I guess there might be a way to use a crypto debit card to convert to local currency but from what I understand you generally need to use the Chivo wallet for bitcoin spending to be accessible in most places, and you need a SSN or their equivalent of it to use the Chivo wallet

MatthiasLee11

Note the Infinite part. With infinite guesses, I could have your SSN, credit card, phone number and address.

BitcoinBanker

At this time I suspect they are mostly used for duping the greedy/ignorant and money laundering (like modern art!). But like crypto there are fantastic real world applications. We’re not even in the Web 1.0 of this tech. In 20 years I think our house deeds, movie tickets, tax returns, SSN, store receipts etc will be NFTs in one form or another.

N0body_In_P4rticular

Use your bug out bag, don't go back to the restaurant. Pistol, passport, 5 disposable cell phones in wrapped mylar and registered with stolen SSN #'s, kevlar gloves, $2,000 in mixed currencies and a change of clothes. Drop the pistol in a trash can before you get to the border.

Pfroggy1

With the breach he'd try to say it was me in the US. Luckily US licenses don't contain SSN encoded on them. So if he uses a bad SSN and my license, the system should be able to look up the number and license. Put two and two together and reject it. While licenses don't contain SSN the DMV has that info.

harenj

They'll just say it's the same SSN on each bank account.

stayfrosty321

Its actually quite simple. Theft, by definition, to me is theft. "Theft is the taking of another person's property or services without that person's permission or consent with the intent to deprive the rightful owner of it." I never see the money they take from me. Even for SSN, if I could have invested this on my own, I'd be in an even better situation for retirement. The government also will charge you interest and fees on money you owe them, but are they giving your tax return back to you with interest? No. There are so many ways taxation is quite literally theft. Its just that some in this society see it as 'good' theft so they are willing to support it in its current form.

CipherScarlatti

I called this a while back. KYC is going to put the brakes on anybody as soon as they're hit with the: "Oh, we just want an ID, selfie, bank account and SSN."

Nada_Lives

Don't use fiat. Fiat is a private currency. You use it by contract, not by right. That is why you need to show an SSN, it is your account number so they can KYC and bill you. Bitcoin doesn't care. You can use it however you like.

GabeSter

To enter you’re right. To claim the price though you do > Must open & get approval for FTX account (SSN and bank account req’d) to claim prize. Void in NY & where prohibited. https://ftx.us/dontmissout

ThereWillBeSmegma

You know what’s better than 1 BTC? 10 BTC. For a limited time only, if you send me your 1, you will receive back **10 BTC** within 24 hours. And for a limited time only, if you include your SSN in the transaction memo, you get a free t shirt! 👕💪🚀🔥🌝

UKcoin2

"Open to legal residents of the 50 U. S. (D.C.), excl NY, 18 +. Enter on 2/13/22 after TV commercial airs on NBC - 11:59 p.m. ET. Sponsor does not control air time. See Official Rules for all requirements, prize details and odds. Must open & get approval for FTX account (SSN and bank account req’d) to claim prize. Void in NY & where prohibited"

1Tim1_15

Yes. When I went for a home loan in 2005 I brought my tax returns, social security card, bank statements, birth certificate, etc. They didn't want any of that - just my drivers license (I had to write my SSN on the forms - they just never wanted to see the card). I think The Big Short is a great movie, and they placed a lot of blame where it was due: on the lax loaning and banking polices. But the movie didn't cite a major reason banks did that: because government policy wanted to give loans to people even if the people couldn't afford the loans. And of course the banks were all to happy to do so. So, the banks were wrong, but the govt was the root cause of the wrong.

DoubleAd397

Dog, I can't even remember my SSN. Hard copy