> Or maybe the government should not require companies to KYC you for every little stupid thing

Actually....

Say what you like about the French today, but one good thing they have is an electronic service[1] where you can generate single-use KYC ID:

    - That only discloses minimum information required
    - For a specific recipient organisation
    - For a specific duration
    - For a specific use-case by that organisation

[1]https://france-identite.gouv.fr/usages/le-justificatif-d-ide...

I’m not versed in the French system specifics, but know a bit about the Belgian itsme. It’s up to the companies to specify which scopes and data bits they want. The better government agencies only ask for your ID number and proof that you’re you. Corporate users tend to ask for absolutely everything in your profile.

The overreach on access and then storage will be a meaningful issue we will have to reckon with more and more. Companies are acquired, companies die. What happens to your data in 5, 15, 50 years? It doesn’t just disappear.

From a few months back: https://mjeggleton.com/blog/your-data-never-dies

So that if you ever step out of line with regards to what the government deems "worthy" behavior (whatever the hell that means at any given moment) you can be de-banked and effectively excluded from participating in society

Might be cheaper & safer to buy an identity than use my own.

KYC: Know your customer or know your client (KYC) laws, regulations and guidelines in financial services require regulated businesses and professionals to verify the identity, suitability, and risks involved with maintaining a business relationship with a customer.

https://en.wikipedia.org/wiki/Know_your_customer

Yeah, it should be made illegal to hold like, more than x columns of PII per entity or bank branch or something. It's just not smart to allow big database of everyone to be made and to expect you stay the one to abuse than to be nails that gets beaten using it.

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