Would you trust FB with your KYC details?

senin

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Quote from: Hans Groober on August 04, 2019, 12:21:57 PM

More recently, Facebook was fined a huge amount for leaking the personal data of users, which they indicate during registration and which are not published in the public domain.
I deleted my Facebook account a long time ago. I do not want my data to be abducted by intruders.

That is why Facebook does not cause any self-confidence. Moreover, its stable coin Libra will not inspire confidence, unless of course it is ever released, which I very deeply doubt. It is categorically impossible to concentrate in private hands such a large amount of confidential information. Moreover, to add to the existing information about users in the social network also information about them of the financial plan.

EdenDice

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Quote from: pixie85 on July 31, 2019, 06:21:06 PM

Quote from: EdenDice on July 31, 2019, 05:12:58 PM

I already submitted my KYC documents to many unknown crypto projects, so, I have no problem with Facebook. Facebook is the world's largest social media network. I believe my KYC will be safe there. It is not a random crypto project that can sell your documents for some penny.

What does it change if it's big or small? KYC is not money and they won't pay you for losing it. FB is known for leaking data and suspected of being a database for FBI, CIA and other government institutions.
Is your data really safe there? If you have nothing to hide it probably is... for now. In a few years you decide to hide from the government and it will be too late.

Your points are right though, but where are we safe? In crypto? not anymore. We are doing bounties and they are collecting our KYC documents too. So, they can leak or sell our data too. Though I am not doing illegal things and the government already has my data. So, I am not worried about Facebook data leaking!

Menawi12

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Quote from: NavI_027 on August 09, 2019, 07:05:47 AM

Quote from: romecheo on August 09, 2019, 04:37:36 AM

KYC is nothing compared to what FB already knows about every subscriber/s.

That's right! Why feel something new to the thing you already did long time ago? Lol. But kidding aside, let's just hope that our basic info will be maintained in good condition though there are already past incidents of data leaks. I wish I can stop using FB but I can't, I don't know why. It is probably because it became part of my daily routine already and it is somehow addicting to scroll, like and share. Hence, we can relate ourselves into slaves — modern slaves (very sad but true).

Actually, I'm getting paranoid these past few days because my girlfriend and I can't open her account even though she only open it on her cellphone. Fortunately, we able to recover it with help of an IT guy.

I agree, if we remember the cambridge scandal, Facebook already knows our profile. When we register, we must provide our telephone number so that our account is secure. I don't think it's a problem to do KYC on Facebook because Facebook already recognizes that their application knows our profile

NavI_027

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Quote from: romecheo on August 09, 2019, 04:37:36 AM

KYC is nothing compared to what FB already knows about every subscriber/s.

That's right! Why feel something new to the thing you already did long time ago? Lol. But kidding aside, let's just hope that our basic info will be maintained in good condition though there are already past incidents of data leaks. I wish I can stop using FB but I can't, I don't know why. It is probably because it became part of my daily routine already and it is somehow addicting to scroll, like and share. Hence, we can relate ourselves into slaves — modern slaves (very sad but true).

Actually, I'm getting paranoid these past few days because my girlfriend and I can't open her account even though she only open it on her cellphone. Fortunately, we able to recover it with help of an IT guy.

passwordnow

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Leading Crypto Sports Betting & Casino Platform

With this scenario that happened to Binance: Binance Customer Data Has Leaked: What We Know and What We Don’t
I'm starting to lose confidence of passing on KYC with any website unless I've proven that platform is trustworthy and I'm willing to pass on KYC with them.

romecheo

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Trusting FB for KYC?, FB users already did, without knowing it, they already share their personal information, even their daily life activities, even to their family activities.

Imagine, FB knows your Bday, your work schedule, the company you work, your friends, your family, your next schedule vacation leave.

KYC is nothing compared to what FB already knows about every subscriber/s.

robattfield

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Quote from: Tilbrook007 on June 18, 2019, 06:18:42 AM

I wouldn't. I don't think this coin will succeed! What do you think?

There are billions of people using Facebook, and most of them have provided personal information. KYC is just verifying the match. I believe in facebook money, because it will promote strongly to many people who know the crypto market. And it will be a strong currency competing with ETH because it has a large community.

ccryptopark

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No. they should be called KYC coin instead of Libra

Ozero

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Quote from: Hans Groober on August 04, 2019, 12:21:57 PM

More recently, Facebook was fined a huge amount for leaking the personal data of users, which they indicate during registration and which are not published in the public domain.
I deleted my Facebook account a long time ago. I do not want my data to be abducted by intruders.

Facebook has confirmed its willingness to pay five billion dollars in penalties due to the leak of confidential information of its users and this indicates the unreliability of their storage on this resource.
As for the appearance of the Libra coin, it is unlikely that this will happen after such a pronounced position of the G-7 states regarding this stable coin. Yes, and recently there was a statement from Facebook that this project may not be implemented.

martina14

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We already did without their LIBRA project.
We gave them our name and location on our profile.
We let FB have are family tree by putting some relationship status with our relatives.
I can let them my information as long as they are not asking for IDENTIFICATION CARD and some government issue papers./

Hans Groober

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More recently, Facebook was fined a huge amount for leaking the personal data of users, which they indicate during registration and which are not published in the public domain.
I deleted my Facebook account a long time ago. I do not want my data to be abducted by intruders.

Inkdatar

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Quote from: old fart on August 04, 2019, 08:45:43 AM

We have been trusting low quality sites and projects with our KYC details, I wonder why we are now so conscious about fb KYC. Fb to me is more legitimate when compared to some shitty projects. But again it is a matter of choice.

Indeed it is a matter of choice whether to trust your kyc details or not. As long the project is legitimate it is good to go. Yes fb is more legit than other scam in crypto world. Many people already using fb and trust this apps so I’m okay with it.

old fart

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Bitcoin is the future

We have been trusting low quality sites and projects with our KYC details, I wonder why we are now so conscious about fb KYC. Fb to me is more legitimate when compared to some shitty projects. But again it is a matter of choice.

sorrros

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ludenaprotocol.io

If Libra project is launched, it will be strictly regulated. Not like Facebook, that is only a website.
Libra will be something like a bank and without strict regulations it can´t work, like other banks.

ttcsalam

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Facebook keeps all the user information. They know all the user information.So they don't need KYC for a new one. Besides, I don't agree with KYC on Facebook.

iMark

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Quote from: ?? on ??

Quote from: Nazmul012 on August 03, 2019, 01:34:49 PM

KYC is the most important thing For anyone but Before Fb, a lots of coin and token have asked KYC verification from hunters & many of them were failed after that. If i compare Them with fb, then undoubtedly it will be best to trust fb with KYC details

Some people already provided important information inside Facebook as they've entrusted Data where they've think that it's safe providing it so in case it surely that more people will still giving it and not to be bothered by any possibility of getting hacked, it's still a risk better to do good research before dealing with this requirement.

Before there was a coin though, didn many people have uploaded their own photos on Facebook, instead many people there wanted to be popular and famous, of course KYC would not be a problem for them. but for those of us who are used to being anonymous in crypto. of course will be very careful and many considerations to join

stadus

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Quote from: Icologies on August 04, 2019, 05:16:02 AM

Quote from: Tilbrook007 on June 18, 2019, 06:18:42 AM

I wouldn't. I don't think this coin will succeed! What do you think?

all have their respective beliefs and analyzers in accordance with the provisions under consideration. if you are not sure and believe in what you are going to do, it's better to stop and don't go on. FB coins are being discussed lately by giving KYC its requirements. As long as personal data is safe and not used incorrectly, I think it doesn't matter. but I myself am less interested in this FB coin.

The government regulating this project gives us an assurance that our data is safe, they are very popular and they could loss billions of dollars if they violated the data privacy of the users, with their previous scandal, the government are keeping an eye on them and I think they are also aware of that.

Icologies

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Quote from: Tilbrook007 on June 18, 2019, 06:18:42 AM

I wouldn't. I don't think this coin will succeed! What do you think?

all have their respective beliefs and analyzers in accordance with the provisions under consideration. if you are not sure and believe in what you are going to do, it's better to stop and don't go on. FB coins are being discussed lately by giving KYC its requirements. As long as personal data is safe and not used incorrectly, I think it doesn't matter. but I myself am less interested in this FB coin.

blackhawkeye1912

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Quote from: Tilbrook007 on June 18, 2019, 06:18:42 AM

I wouldn't. I don't think this coin will succeed! What do you think?

I haven't done my research about the Facebook coin, but if ever I will support this project, there is no reason that I will not undergo KYC process because having done KYC is one of the requirements of the government to ensure its legality and to avoid laundering. For me, I've been trusting Facebook ever since I created FB account and uploading different stories and pictures about my personal life.

babysweetTiger0401

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Quote from: Tilbrook007 on June 18, 2019, 06:18:42 AM

I wouldn't. I don't think this coin will succeed! What do you think?

As far as I know once you are an FB user, it is already confirmed that they have access to your account. But even I have an account on FB, I never give the right details about me, like where I live for, date of birth, exact address, except for the picture in which I uploaded to my account there, lol Grin

But something KYC to FB is way of too much to me I think. I don't know to other users.

Topic: Would you trust FB with your KYC details? (Read 13871 times)