Topic: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams - page 2. (Read 731 times)

There are lot of videos available on the Youtube about the facial recognition devices flaws, if someone is more similar with your face also can access your device that is why using fingerprint is more secure but I will say a long password much safer than easy access using any of our body parts.

It’s still a good idea, because I know that they are doing all these things to protect people who are making use of Bitcoin and other cryptocurrencies, so that people will be safe and scammers won’t get off easily when they try to scam people with cryptocurrency.

But, this won’t settle well with some people here, there are those who don’t like the idea of having to give out their identity to make use of cryptocurrency, they feel that as long as it’s decentralization that we are talking about here, everyone that’s making use of it has to be anonymous.

Although what I’m wondering is how they plan to integrate facial recognition into cryptocurrency, decentralized exchanges and wallets wouldn’t be doing such thing, only the ones that are Centralized that would be able to do it. Sometimes I think there is really nothing we can do about this issue, the best we can do is to try as much as possible to educate those that are coming in newly into the market, so that they will learn to be careful and avoid scammers.

Hmmm for me facial recognition is much safer rather than passcodes or passwords because in facial recognition you have to do what the instructions tells you like for example in some app here in my country we are using passcodes then facial recognition at the same time and it's for the system to see your face, there are instructions that you should do like for example if the instruction says, you should smile and blink your eye or move your eye brows to ensure that you are the one owner of the account and not just an imposter or a picture of yours.

Facial recognition secuirty is more easier to break than the biometric like finger print sensor unlock and giving your facial recognition for social media security is utter most stupidity because in future if we use our face more more valuable things like unlocking lockers and vaults, what if someone got these data and manipulate the results and can steal your money so easily.

In as much that facial recognition adds an extra security, Bitcoin scams or Bitcoin social media scams are done via loopholes in that particular social media platform.  Hackers usually access the main servers to avoid unnecessary need for the user login details to have access to the account.  The recent twitter bitcoin scam hack was done directly to the main servers of twitter. With this kinda hack, having a facial recognition attached to your login details will not really help to avoid your account from being accessed.  The only way to solve social media bitcoin scam is people understanding that there is nothing free in this world.  Once we understand this, we will never fall for social media scams.

And make crypto even less decentralized? No, I think I'll pass.

In my country (Ukraine), the face recognition method is already used in practice, which even allows you to withdraw funds from a bank card and pay for goods with a "face". To do this, the "Private24" application is updated in the smartphone, the appropriate "face" payment option is selected, three selfies are taken in different angles of their face for a sample, which are linked to the application. This allows, for example, to withdraw money from a bank card even without the presence of the card itself. To do this, we go to the ATM, enter the code of our card, the selected method of verification by the person, after which the person is scanned and the cash is withdrawn. Very convenient in my opinion.

Hello to all. At first glance, this is a great idea, of course, who wants to cheat when he is already recognized in advance, because a thief always hopes that no one will recognize him. But all this is very naive. All the disadvantages are described above, but the most important thing that greatly hinders this idea is that no one is sure that this database of identifiers will not be sold by the same people who will make this system work. Of course, fraud in the cryptocurrency community is the main problem preventing more users from accepting it. But such forums exist so as not to repeat old mistakes and avoid new ones and so that the fraudster would be left without bread.

If this will help reduce the number of scams in different social media platforms then this can be implemented.
The question is will the end users willing to share their information to other people especially this is a private matter.

I also doubt that this kind of thing will help reduce the number of scams in social media and I don't think that they will implement things like this. The way to prevent you from being scammed is to be vigilant, know which are scams and which are not. Make a basis in which it will help you determine a scam investment or not. Be knowledgeable.

Basically saying to stop Bitcoin from being Bitcoin. Imagine adding facial recognition when people already hate KYC more than enough, enthusiasts would outrage if they ever did such a notion. Plus, such implementation is really, a pain in the ass. If you were going to use facial recognition as a form of KYC, might as well just do the normal form of KYC, with ID's and information and the like, the exchanges would then have no actual need to even implement facial recognition.

Even if you were to blame fake IDs as the reason why some can bypass the security of KYC, that's the fault of the system or the developers themselves for making a faulty one. Making a unique ID for each human being could easily resolve such dilemma imo, though that would ensure that every one of us could be basically detected, no matter where we go.

When things get related with facial identity to improve security, it means the network is losing its uniqueness. This is another form of kyc which is very strong than the identity validation using any of the identity cards. If such a scenario exist, then the decentralized operation won't be effective. Most of the users love it, because of the decentralized accessibility.

This is more trouble than what it is worth, if people want to stop falling for those kind of scams the only thing that they need to do is to think a little bit and use their common sense, but it seems that it is asking too much out of people, no one that has worked hard for his money will fall into a bitcoin doubling scam, it is very obvious that when you read something like that you are in the presence of a scammer.

And taking into account that you are your own bank and knowing that once your coins are out of your wallet you have no way to get them back people should be even more careful with their bitcoin than they are with their fiat and yet for some reason they do not take more precautions despite knowing this information.

Absolutely! The question is, how could you decentralize Facial Recognition and make it bulletproof that no artificially created face can pass as someone else?

It may be a good idea in order to avoid any scam in the future. But once more, do the people want to do it? It means that the system will need data on facial recognition. I don't think that many holders will do it for the shake of the animosity. some may follow this idea but it may not be general. So, it may be only an option that can be done.

Completely Right! whatever securities that will be implemented there are still
scammers and hackers that will exist and tried to breach anything, testing the
protections and keep trying to penetrates, they will not stop doing the same thing.

It's good to see this kind of proposals but certainly it's not stopping there, chances that breach will come inside
and part of the team can be the scammer or hacker itself.

Yeah, I did waste my time, and to my "surprise", it's not about reducing fraud, it's not really about bitcoin, and it's so damn hard to read, I don't know what the author drank before writing it, but if he didn't this thing is surely a poor translation


Things are changing, the previous versions of face recognition software were so bad you could indeed fool them with a poorly done mask but the newer types are not using 2D models anymore. I was just talking about this in the LocalBitcoins verification topic, they've changed the last level of verification to liveness, a real pain in the ass procedure after which you will end up with the neck of an owl but no 100$ mask will be able to fool it. The most advanced programs are measuring facial expressions and no latex mask can deliver human-like results. Rather than trying to fake the image in front of the camera the best way would be to feed the camera fake information but those solutions are getting costlier while the measures to detect them cheaper. It takes from 1 to 4 hours for a make-up session in a movie and even then the new faces go through a bit of editing if you have the budget of a studio at your disposal...why would you want to fake your own face for a website?

One thing, I'm talking about face recognition as a multi verification procedure to identify you as the same person, not those security cam jokes that have a 3d picture in their database and compare up to 12-24 points at maxim.

Even with face recognition, fingerprint recognition or retina scan even add it to DNA verification, it still does not stop those who will be gullible to be gullible while those with scam tendencies will continue to find a way to ensure that their own bottom line is continually protected. The way out is to ensure there is adequate enlightenment to protect the new entrants into the crypto space not to be ruled by their greed expecting that there is free money somewhere that can make them rich in their bottom line.

How is this "facial recognition" process different than the usual ID verification process,where you have to upload an actual selfie in addition to the front and back of your ID/driver's license/passport?
I assume that services like Jumio or Onfido(the companies that handle automatic ID verification processing for some big crypto websites) have some sort of face recognition process,that is used to match the selfie with the photo on the ID card.
Everyone has the right to stay anonymous on the web and making facial recognition and ID verification mandatory should be illegal.

Im not sure whether user will increase the security upon utilizing this feature or make it worse. Im sure this tech has history of malfunction or glitches. It will take a thousand test first before it can be sync through a decentralized network.

Im thinking if phones could have this then it can be easily install and integrate to any of the centralized market. Actually this addition will help avoid such scam activity but until certainty that this method will be safe then some study is a must before deploy or activate such feature.

Everyone has their own opinion as to how things should be done in the cryptocurrency community. Everyone is concerned about Security, that’s the major concern of the people, but in different ways; there are people whose major concern is that they don’t want to be scammed, they want to be able to trust whatever project they see in the cryptocurrency market and these people are ready to sell their identity for it, which is not the core purpose of decentralization.

Then there are those who don’t care about getting scammed, maybe they think they are smart enough to tell when a project is a scam or not, these are the people who are worried about their identity and they want to keep it safe and say low-key, and of course that’s the main purpose of Bitcoin and decentralization, so that people who are making use of it will not share their identity.

So, in a case like this what would be the solution? Will it be best to say that those who are worried that they would get scammed should quit from anything that has to do with cryptocurrency, and look for other things doing? Or should things be changed to be in the favour of such people?