This is the height of it all that Poloniex is implementing but nothing can be done because as we are here complaining of this amount of absurdity, other are already scanning their faces, fingers for them having covered by the veil of profit making and deceive to believe that since I have nothing to hide, there is nothing to be secretive about. Poloniex knows this and that is why they will.continue pushing and claim they are doing it for the security of users. The best way is just to avoid such sites and focus on other who can accommodate the amount of information I'm willing to share.
I just couldn't say it better, mate.
That's the true issue. To have nothing to hide doesn't mean we need to share everything. If every user has said NO to the new poloniex policies (including the money kidnap) maybe they will stop and reconsider. but, as long as users allow this...