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I don't believe Peaches is talking about personal information. Program owners don't give a shit what your address is or what minimum payout amount you prefer...
I don't think it's any secret that if you are a fraudulent webmaster who comes along and does DAMAGE to a sponsor program by cheating, spamming, or any other unacceptable methods to get fraudultent joins, THAT information can be passed on.
One of these days you will see the majority of programs going towards an "invite only" model... Where you will need reputable references in your favor to join.
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