Generally trust your data to anyone,this is a very bad decision because then you can your data be used for any cases,so I recommend to max your data is to try not to distribute, and protect them.KYC of course then can blagodar your data tracked on the blockchain where you are and what kolicevo money!
Topic: Would you trust FB with your KYC details? - page 12. (Read 13830 times)
lol, one of the funniest question ever asked on forum.
Does Facebook need your KYC? They have more than what you have. Facebook knows everything about you then you know about yourself.
Did you every saw FB asking for KYC?
Does Facebook need your KYC? They have more than what you have. Facebook knows everything about you then you know about yourself.
Did you every saw FB asking for KYC?
I wouldn't. I don't think this coin will succeed! What do you think?
Well, the thing is that even if you don't give your information, there are lots of people who are going to do that. But are my going to give out info about myself just to make use of Facebook Libra coin?? That's what I can't really tell. They are already doing that, when you sign up for Facebook they try to make you give every information about yourself and even your location so they can sell it to advertisers. So I don't even know what would be their plans with this one. And another thing about the coin is that it is stable.. I'm a person that prefers volatile coins like Bitcoin so I can make profit from investing in them and trading as well. Since this one is stable, I don't know if I'm going to have interest in it, I had rather continue to make use of my bank and PayPal account cause there is no difference. 
I think Facebook already have our personal information, supplying our kyc documents is only to double check it with our Facebook profiles.
The coin will succeed since Facebook is a trusted platform.
The coins might succeed due to popularity of facebook. Nothing else. Libra is going to be a centralized currency. Why would we need another centralized currency system, when we already have paypal and other e-wallet currency? If we will have to provide our details and identification then what is the difference between this system and paypal? The main goal of crypto currency was to create a decentralized platform which will give us financial freedom. We won't be getting any of those features through facebook coin.The coin will succeed since Facebook is a trusted platform.
if they ask for kyc then i have to refuse it, I don't really want to trust them and moreover their scandal about data user leaked makes me worry about my personal information.
I wouldn't. I don't think this coin will succeed! What do you think?
Why wouldn't you? First of all you already use facebook. So that means they already know everything about you. The more you share contents on facebook, the more they learn about. You have your profile picture, your name and all those details attached to your facebook account. So, why would you be hesitating to fill the KYC form when in the first place you already provided them with all your personal details.And Libra is not at all like the crypto currencies we have. It is a centralized financial system like paypal that will be using the blockchain technology.
I must quote CZ Binance on this one:
Facebook Libra coin don't need KYC. They have so much more data on the 2 billion people. Not just name, id, address, phone number. They know your family, friends, real-time/historic location, what you like... They know you more than yourself. And now your wallet too. Best AML!
Link to tweet: https://twitter.com/cz_binance/status/1140914571495927808
I must agree with him on this! Why would they need KYC when they collected so many informations about all their users. They have been accused of many things. I will stay away from FB coin, I don`t care about their centralized coin, and I advise all smart people to support decentralization.
It is no brainer to ask from crypto user to confirm the public profile details with personal documents. They have almost all required information about the Facebook users and the problems start here. What if they don't like the published material on home page? The management can freeze the Libra of that person in this case because of centralization. Facebook Libra coin don't need KYC. They have so much more data on the 2 billion people. Not just name, id, address, phone number. They know your family, friends, real-time/historic location, what you like... They know you more than yourself. And now your wallet too. Best AML!
Link to tweet: https://twitter.com/cz_binance/status/1140914571495927808
I must agree with him on this! Why would they need KYC when they collected so many informations about all their users. They have been accused of many things. I will stay away from FB coin, I don`t care about their centralized coin, and I advise all smart people to support decentralization.
LOL! A company known for selling user data is now to be trusted for KYC? I don't even think they need to require KYC as they already know a lot of their users.
I wouldn't. I don't think this coin will succeed! What do you think?
I will read there terms and condition policy before sign up there is no assurance to keep your details safe from their insurance and conditions so I don't think it will not trusted about the KYC details will be safe here. 
I trusted Facebook even with out their token LIBRA.
I trusted them by posting my pictures and my family.
I gave my name and address as on my info with my EMAIL.
I trusted them by posting my pictures and my family.
I gave my name and address as on my info with my EMAIL.
I must quote CZ Binance on this one:
Facebook Libra coin don't need KYC. They have so much more data on the 2 billion people. Not just name, id, address, phone number. They know your family, friends, real-time/historic location, what you like... They know you more than yourself. And now your wallet too. Best AML!
Link to tweet: https://twitter.com/cz_binance/status/1140914571495927808
I must agree with him on this! Why would they need KYC when they collected so many informations about all their users. They have been accused of many things. I will stay away from FB coin, I don`t care about their centralized coin, and I advise all smart people to support decentralization.
Facebook Libra coin don't need KYC. They have so much more data on the 2 billion people. Not just name, id, address, phone number. They know your family, friends, real-time/historic location, what you like... They know you more than yourself. And now your wallet too. Best AML!
Link to tweet: https://twitter.com/cz_binance/status/1140914571495927808
I must agree with him on this! Why would they need KYC when they collected so many informations about all their users. They have been accused of many things. I will stay away from FB coin, I don`t care about their centralized coin, and I advise all smart people to support decentralization.
For my own,yes i will coz its FB and its trusted apps so if there's any thing or any bad happen it will cost untrusted rate,as for now may of us was using FB,so the witness of it will make more if that let happen.
I think its a good thing for Facebook to join crypto space with Libra and moreover I heard its a stable coin so it make lotta sense to me ,but if KYC is required I'm so against that
I think this will be a big success in addition that they dont need to have a bounty program.
This LIBRA of FB will be a good thing to have, if KYC is required then go on.
We are already in FB and having our profile and family members on our friends list then we already had KYC.
Yes it will surely be a huge success given the social status quo Facebook has. Mass adoption will be effective owing to this believers of blockchain technology and cryptocurrency will boom this period. This LIBRA of FB will be a good thing to have, if KYC is required then go on.
We are already in FB and having our profile and family members on our friends list then we already had KYC.
KYC is the safety measure of any website that has a money involvement and it's fine with me as I know to myself that I'm not disobeying the law and my intention is not to scam people using their platform.
FB already operating for more than 10 years now and knowing its customer's detail is not a big deal anymore because most of us already gave our information and even our selfies to it.
You're right, not big deal anymore. Especially now that various bounties require KYC from the participants, and we do it without much thinking, even though it is run by unknown people. So I will not hesitate to do KYC with a platform that has been going on for so long. FB already operating for more than 10 years now and knowing its customer's detail is not a big deal anymore because most of us already gave our information and even our selfies to it.
Facebook already has our names and date of birth and even our pictures. These details are needed for KYC, except for the ID card that they don't have. It is like your details are already with them so there is no need hiding and not wanting to do KYC.
I wouldn't. I don't think this coin will succeed! What do you think?
You just don't think that Facebook is going to succeed without giving any reason, Facebook is going to succeed, they have everything to make their own coin a success, they are not a start-up company, they already have everything in place and they have the right kind of people running it, so expect Facebook to blaze their way to the market.
many large companies affiliated are pushing for this coin, IMO Libra seems to be successful, but is it necessary to do KYC, I don't think it's necessary. if you want to save just buy it in the exchange market. easy isn't it. isn't KYC only mandatory for large investors. And there has been no official information of the KYC method for the coin owner.
One thing that pushed the developers to require kyc on this matter was for preventing illegal users, that might use these coins for fraud activities. Some potential crimes might associate with it, that could cause sudden crash with this crypto. They're more clever right now compared than before, and unlike those old days manipulators will easily do their bad desires.
Do you mean the KYC to join in the token sale of a coin by Facebook? Or the KYC for Facebook?
If the team is trusted, why not? So far, we are also obligated to do KYC process when going to become an investor is=n certain ICO or IEO projects. And this is no matter (except the shit scam). If the real team offered by Facebook, I will not be doubtful, moreover, every new coin has a chance to grow and we may not underestimate the coins in advance.
If the team is trusted, why not? So far, we are also obligated to do KYC process when going to become an investor is=n certain ICO or IEO projects. And this is no matter (except the shit scam). If the real team offered by Facebook, I will not be doubtful, moreover, every new coin has a chance to grow and we may not underestimate the coins in advance.
I think this is irrelevant. Facebook knows all about you already, don't forget, they hold most of your sensitive information and have access to them even without your permission. The question of whether to give them your kyc documents or not isn't really important. One can only hope that these information aren't used for something tarnishing.
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