> Banks by law require substantial PII in order to even do business with you.

And those laws are extremely invasive and should be repealed. It's offensive to have a law that de facto requires you to identify yourself in order to pay for a newspaper subscription or buy contraceptives over the internet.

But that's not the issue in this case. It's that the bank knows your name and what you buy -- already very bad -- but now you want to create a path to tying that information to everything you do on the internet.

> Banks by law require substantial PII in order to even do business with you.

That is technically true, but keep in mind that in the early days of banking banks expected you to provide that information without the hand of the law requiring it. The laws you speak of came into effect after the fact to normalize across the industry what the banks were already doing. History is repeating itself in tech, and we already know lawmakers are waiting with bated breath to do their thing all over again just as they did in banking once critical adoption is there.

I expect what you are trying to get at is that you are willing to trust a bank because giving them your life story was already normalized before you were born, so you have never thought to question it. Whereas tech doing the same now feels new and scary. However, that's a funny way to look at it as the kids born in the future, who never knew the world where you could use the internet anonymously, will see giving tech their ID as being no different than how you see giving your bank your ID.

Although I can understand why you would now question why any business that does little more than store numbers on a computer needs a comprehensive profile on you by law or otherwise. Normalized does not equal sensible. That is a fair point.

They could verify your identity if you've given it to them.

But it would also be completely reasonable to authenticate the customer exclusively using mechanisms other than government ID. You can already make a withdrawal using your bank card and PIN. If you lose your card you could sign into their website using your password and request a new one etc.

Consider what happens if you lose your government ID. Your bank has much better ways to authenticate you at that point than the government does. Government ID has a major bootstrap problem, whereas patronizing a service doesn't because a new account with no money in it belongs to whoever is signing up for it regardless of who they are, and you can at that point give them a bank card and have them provide a password and email address etc. that allows you to identify them in subsequent transactions without ever needing their name.

Well, how do you expect a website to know that you are 18+?

The technical solution offered earlier was to have a trusted third-party only be willing to answer the "is this person 18+?" question. Of course, the same works for banks. The trusted third-party can answer "does this person own this account?" without needing to reveal to the bank any other information about you.

Now, that still leaves open the question of who you can trust. If you can trust a business run by people then that allows you to trust a bank, sure, but it also allows you to trust a tech company, so why not just give the tech company your ID and skip all that technical complexity? Understandably the broader idea presented earlier was that you cannot trust businesses operated by people, but then that includes banks, so...

For the sake of discussion, if we accept that technical solution and the need for a trusted third-party that is a business run by people, surely it should at least be a business that does nothing but offer profile trust to minimize the blast radius? For what reason would we want that business to have their hand in other activities like chat or banking?