I expect the idea is less to prevent any possible threat and is more a) to comply with regulations and b) to log enough data so if somebody does circumvent your legally required measures, they've left enough of a trail to hang themselves.
I'm not sure what deliverables you're referring to, but if it's not useful for shielding one's identity from prosecutors/persecutors, why would spies, grifters, traffickers, terrorists, child abusers, and puppy-kickers make such extensive use of it?
The purpose is to document the bizarre (and oftentimes outright creepy and/or illegal) behavior of the terminally online. You know, stuff like helping your friend sell his bathtub brewed hormones to minors without their parents finding out. Or running a Discord server called Catboy Ranch that has several minors on it, and you send them personalized collars that declare them your property. Just ordinary, innocent stuff that is no one else's business, clearly.
Likely it exists for reasons of law enforcement and/or corporate data hunger, framed as policies promoting aspects of "safety" and/or "efficiency of the market".
I would imagine that it is there in order to protect themselves if someone uses their tool for malicious purposes as they can point to that statement and say they were not complicit.
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