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A $4bn biz without a live product just broke the record for the amount paid for a domain name. WTF is going on?

jmch Silver badge

"I provide government ID to exactly three classes of people..."

Not sure where you're living, but in most countries you also need to provide ID to your landlord to rent a place, to utilities providers to get for example mobile phone contract etc. It's also fairly common practice to ask for each others ID when making a high-value private sale eg second-hand car.

I agree with the skepticism of providing ID to a social media site... but if there are people who want their social media sites to have verified identities, they somehow need to provide this themselves.

I wonder if a fairly trusted institution such as a bank could set that up as a 3rd-party provided service, similar to a credit card network for example.

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