Topic: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams (Read 669 times)

I'm so happy that I amn't the only one who didn't understand what's written in this article and what's the point in overall.

Nowadays you can't be 100% anonymous. At least governments have all the info about you and there were cases when billions of people's info was leaked. For example, recently, there was hacked a databse of Election Administration of one country. All the info about everyone was available for public for a while by hackers. We aren't secured in this case, we can't trust to governments, we can't trust to banks, we can't trust to any company that has info about us. Forget it! But what you can do is to act only anonymously right now, so no one will knew that but this implementation of Facial Recognition really kills everything. Noone company cares about our privacy and I think we will endup like we all will find ourselves on black market, that's a really sad but in any way, crypto is a space that can beat that system. Not in www? Then in onion.

I think a reputable exchange won't manipulate their client's data since they have a reputation to hold on and it can severely damage their reputation though there is still a risk of getting identity theft by some hackers. I also agree that facial recognition won't solve anything, It also fighting the anonymity that cryptocurrency provides. A piece of better knowledge can solve the issue, Avoiding too good to be true offerings and checking background can help yourselves to avoid these scams.

That is true that facial recognition will not solve anything when you are holding your asset in a third person exchange as it can be manipulated if you are active in social media and if you have the habit of posting your images. Regulations and strict KYC will be a solution with second factor authentication and a good anti malware software could sort majority of the issues but what the OP is telling is a entirely different story, the only solution for that is to have common sense  .

There are possibilities that even facial recognition can be negatively used upto some extent and when noobs are here just for the sake of money and not interested in gathering some information before throwing their money away into scams, then they are ought to be scammed no matter if this facial recognition is in place or not. The ones who are only interested in turning into a millionaire overnight are those who fall for these scams tbh, else we aren't dogs here who bark, we come here with all the best information for noobs to be saved from getting involved into shit scam projects and non-sense airdrops.

Facial recognition and biometrics will not help you to stay away from scams only common sense will do that.When you see someone offering bitcoin double schemes then it looks to good to be true so never waste your time for such airdrops and giveaways.Anyone really want you to give their hard earned money? Will you?

Hasn't our data been on the cryptocurrency exchange all this time?
We take a small example of our lack of concern for privacy, I have a BTC wallet, then I want to sell my BTC on Binance, as a condition of transactions on Binance, we have to verify our personal data in order to withdraw, so from here our data is actually already revealed. Then is there anything that should be done to protect our privacy?

It is completely true, security could be 100% effective but a data would be created where it would be affecting privacy and decentralization. The article does not mention how to protect privacy and who will have control of the data. That would be a point against but the proposed system would solve the problem of online scammers and especially of Bitcoin and cryptocurrencies.

Oh, come on. Facial recognition will not make people avoid SM scams. If Twitter users were fooled so many times by non-verified fake Twitter replica accounts, then I doubt they will not fall for non-facially recognized future posts.

Facial recognition is more dangerous than it sounds. You're verifying biometrical information on a server. I hardly believe there are no ways this could be wrongfully used through breaches and exploits - identity theft would pose an even higher risk. From both a security and a privacy standpoint, pushing facial recognition like this means you would not have any more credibility unless you verify yourself either - so you're basically forced to do so, if you want someone to trust you.

Those who've been fooled by all those obvious Twitter and YT scams have learned their lesson and new Bitcoin users will pop up falling for future scams as well. It's a cycle we can't put an end to, unfortunately - and we have to accept that. While I obviously agree with ideas that may help with scam detections, let's just not push for even more privacy intruding features under the name of lowering the amount of scams.

It's cool that you can secure your funds in this way, but it would be justified if in reality we were talking about large amounts.

I agree with you. Facial recognition would add an extra security layer and people would feel safer than before. But I'm not sure about that facial recognition can be integrated into security system because of the incompatibility with the decentralized nature of cryptos. However, there is still a very good and strong security method and that is 2FA. I recommend everyone to use it. 

Actually it wouldn't even increase security. I think it would just open up another Avenue for scammers to take advantage of by making it easier for them to steal people's personal information.

People need to realize that Scams/frauds and conmen  have always been part of human society since time eternal. And pray on human greed/weakness/desperation. And there will never any shortage of this in any industry/technology.

The answer here is to educate people rather than change the core benfits provided by Bitcoin.

Completely agree. I'll quote myself from another thread a few months ago below with some links regarding the incredibly stupid "nothing to hide" argument. Perhaps they might be of some help in showing your friends why they are incorrect.

The problem, I think, is that privacy has become a commodity to be traded, and is no longer a right to be protected. As you correctly point out, this is because of companies like Facebook and Google conditioning people to give up their privacy in return for some minor convenience or feature. Here's a handy site to stay in touch with your friends - all you have to do is tell us everything about you. Here's a handy app to recommend restaurants in your area - all you have to do is let us track your movements in real time. Here's a handy device which will let you choose which song to listen to with just your voice - all you have to do is let us record everything you say. Unfortunately, such attitudes are spilling over more and more in to crypto. Here's a handy website which will let you trade bitcoin - all you have to do is give us your name, address, email, phone number, social security number, employment history, income, a copy of your passport, a copy of your driver's license, a copy of your household bills, a selfie, facial recognition...

All these things - chatting with friends right through to trading bitcoin - can be done without compromising your privacy. Unfortunately, people generally don't care about protecting their privacy until it is completely compromised.

This is a quote about common sense that I have always liked.


https://www.azquotes.com/quote/1377494

The truth is people do not really want to use their common sense, I really think that deep down they know that when they see all of those offers to multiply their money in an easy way they know that is not possible, but at the same time they want to believe it is possible and they decide it is worth a shot, at the end obviously they find out that their first impression was right but at that time there is nothing really to do except to accept the losses.



This is something a little bit more difficult for people to understand, I have said that to my friends many times and I always get the same response, "I got nothing to hide", and that exasperates me, it seems that people little by little are being conditioned by Facebook and other social media networks to not care about their privacy at all and somehow make people like me the weird ones just because I do not post every single aspect of my life in a social network, and quite honestly I do not see a way to reverse this tendency.

I've never once been a victim of a scam, hack, or fraud. Why? Because I don't click on random links or download random files, don't send out my KYC documents and personal information left, right, and center, don't believe in shitcoins/ICOs/doublers/Ponzis/HYIPs/etc. which promise ridiculous returns, and so on. This facial recognition nonsense is a completely over-engineered solution to what is a very simple problem to solve - have an ounce of common sense.

You are kidding yourself if you think changing your Facebook privacy settings makes any difference whatsoever to your online privacy. It might stop other random Facebook users looking at your photos or your posts, but it definitely doesn't stop Facebook including those data in their profile of you, analyzing it, sharing it, and selling it. Anything you upload to Facebook, even with the most stringent privacy settings, can and will be widely shared with an unknown number of third parties.

This is incorrect. A long and random password is exponentially more secure than facial recognition.

ill support anything as long as its beneficial to the bitcoin community . all thru the years we have a headache on scams and illegal activities , no matter what we do seems like useless because they can still penetrate  .

this facial recognition can be our final solution to help prevent this common problem that we faced on this space.  smartphones already have this , and they released it because passwords and other security option can be easily bypassed  .

Most of the people are uploading their images on social media platforms which the companies can then sell to data analytic companies which even have access to your uploaded pictures, even the ones that you have made private on your Facebook account. Now a days, there have been an option to change privacy settings on most of the social media platforms but this wasn't present before and also the custom privacy settings are set to all data sharing by default unless you edit these settings. So most of the companies that brought the data from social media companies would already be having everyone's face data.
2fa is also the option that a lot of people these days are adapting to and is a lot secure than the traditional passwords as a single barrier to your account security. With more people activating 2fa there will be a lot less account hacks in the future.

Yea..it might increase security rate, accepted.

People who implement chips inside their bodies would say all of it.
Privacy is an important thing in my life so I wouldn't choose to use my face image instead of something simple like 2fa. You can overdo it with security just like with everything else.

It is a great idea and this may increase security but what about your data,will it be safe or not? Also bitcoin is decentralized if there will be a facial recognition together with KYC ,i think it will destroy the decentralization of it. Why not using a secured password with finger print it is better than facial recognition.

I agree that this is not really suitable for a decentralized cryptocurrency.

We wanted more security in order to keep Bitcoin safe from hacks, scam, and also fraud but the more we find solutions, the more we are drawn out from being a decentralized community. It all started with the KYC which we give our personal information, now there is facial recognition and maybe fingerprints which really beats us from going centralized and I don't think we need to do that. We, humans, are the vulnerable part in all of this, we just need to be careful and knowledgeable about things.