Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams - page 4.

fiulpro

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Quote from: sdsfghfff on August 10, 2020, 08:09:17 AM

Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/

Okay so everyone is saying how negative it can be and can never work with decentralization.

My take on this:

What the author necessarily meant was if facial recognition does become an important part of logging in your Twitter ID or any social media ID , this way these scams can be prevented to an extent. Facial recognition is really safe and super hard to copy.

( Not entirely impossible but yes super hard. )
-*-

I do think one cannot always enforce the facial recognition regarding the transactions , no one will actually use it.

BUT:

I do think one can also step up and just add their own fingerprint while dealing with logging in issues and such , this technology is already in work and can be made mandatory . This would be effective and would not need any more time to get into the lane. At the same time there are silicon masks plus lenses that can fully copy facial recognition.

Quote

Through a course of experiments, researchers from Tencent Security's Zuanwu Lab in China determined that the ability for facial recognition technology, such as Apple's FaceID, to reliably authenticate that the actual user is not only present but conscious or even alive can be faked

witcher_sense

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If facial recognition could help in fighting scams and frauds, we would be living in a perfect world already, the one without crime and wars. But we are still living in a world where such systems are being continuously abused by authorities. They aren't fighting criminals, they use these tools in their political intrigues and other shady games. Needless to say that If such technologies widely spread we will all end up under mass surveillance. It was well described in Orwell novel. No one wants the future like that, it is better to find other ways of finding crimes.

target

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Quote from: fmasta on August 10, 2020, 09:18:12 AM

This may increase security, but it's definitely not compatible with decentralisation.

I think I have just experienced facial recognition test in binance 2 weeks ago when I tried reviving my account and once again I have to submit the documents I have tried submitted the last time. But this time, they are asking me to turn-on my camera and some blinks for their AI to recognize me. I was chilled to the bone.

But if its used in social media, it would be good. People in social media like facebook and twitter don't mind if they undergo this facial recognition AI.

Ucy

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What facial recognition, and where do you store the data? It's for Twitter, YouTube or Bitcoin? Hope it's not centralized facial/private-ID recognition/verification and storage system. That'd be like creating another vulnerability for hackers to exploit. I guess the organization/company haven't learned anything from the Twitter hack (assuming they mean centralized recognition/storage). You can't risk the private ID of millions of people on centralized system just because of money.

odolvlobo

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Don't bother reading the article. It is a waste of time. The article says nothing about how facial recognition might be used to reduce fraud.

mezzaluna

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I guess what you are trying to say is have a better way to improve KYC's since some people have already looked for a way to complete in a way that they are not placing their true identities. Facial recognition would really help BUT people are always aware that once they uploaded their files into a system, they are already placing their identities publicly in exchange for money. We must always be mindful that we can always gain profit by not throwing away our identities but it would be so much better to live in a place where everything can be fair.

mardaed

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Quote from: fmasta on August 10, 2020, 09:18:12 AM

This may increase security, but it's definitely not compatible with decentralisation.

We are of the same mind. I do not think these would be a good idea for facial recognition be combined with decentralization. And where does the bio metrics and data of such security tool would be directed?

Twinkledoe

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Quote from: fmasta on August 10, 2020, 09:18:12 AM

This may increase security, but it's definitely not compatible with decentralisation.

And the thing is, how secure is this sensitive identity of yours? If a specific organization or company is holding those vital facial data of yours, how can they assure that their clients have nothing to worry about breach or something?

fmasta

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This may increase security, but it's definitely not compatible with decentralisation.

sdsfghfff

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Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/

Topic: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams - page 4. (Read 731 times)