• Amoeba
    Bitcoin,  Ethereum,  Innovators

    ‘ShapeShift’-ing crypto company says it will do one thing, does another

    ‘The exchange without accounts’ will soon require users to have accounts

    ShapeShift has long said it would remain headed one very specific, privacy-minded direction. Now it’s going a different way. ShapeShift is easily understood as a hyper-anonymous cryptocurrency exchange. If you want to trade bitcoin for ether, for example, the platform doesn’t even require that you create an account. Company messaging consistently reveals pride for this design — with zero personal information collected from its users, there’s zero chance for embarrassing data leaks and total user confidence that their privacy is protected. Now the news is that the company’s gonna start collecting user data “soon.” It’s all in the name of letting these exchange users register membership accounts that will let…