Topic: Would you trust FB with your KYC details? - page 13. (Read 13830 times)
I think that they will not manage KYC process, but they will pay some another reputable subject to do that. Like Basic ID that are focused in ID verification progress.
They already know us? So how would they not know how we transact between all our friends and family through their system? It doesn't make sense.
What we need is a payments and social messaging app that is actually privacy preserving. Something like the Elixxir project is what I have been looking forward to because of how the protocol actually obscures metadata instead of collecting it for business purposes.
What we need is a payments and social messaging app that is actually privacy preserving. Something like the Elixxir project is what I have been looking forward to because of how the protocol actually obscures metadata instead of collecting it for business purposes.
They already have so much other information about you (basically KYC) now they will have control over your wallet and how you transact with family, friends and others. If anyone cares about privacy people should look in to Elixxir for a payments processing messaging app that obscures metadata
Facebook have all general details of its members and now they also ask for your verification documents if any wrong doing happen with your account to check your credentials for reopen and it is a normal thing. All sites which involve money transactions require KYC of there clients before doing any transaction.
With so much regulators enforcing in this so called cryptocurrency, it might not be as popular as you think. Sure it might be killer transaction protocol but i believe it ain't that easy to just send to anyone around the world, making new global businesses opportunities. Probably like any localized wallet which of course KYC and also keeping your fund in track. Some good use case is definitely facilitate transactions around markets, yet for me its just like a simpler layer of bank transfer. I do agree some weak currency countries can benefit alot from it such as hedging or wired transfer to their homeland members. Just imagining the involvement of authorities shivers me, its such as hassle to deal with these parties.
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.
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.
We can't trust anybody for our KYC whether it is a big giant or the worst one project. It is very evident that big companies are very prone to our KYC compromise with others with the selling of our data. So, FB also compromise our data for the world wide as it is the business all over the world.
Maybe Facebook coin or libra is not neeeded KYC because everything have know by we created Facebook account, they have know where we are and what have we do every time, just created account and waiting when libra coin is sell to public.
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.
I wouldn't. I don't think this coin will succeed! What do you think?
Me too don't believe Facebook. However I think many will still do the kyc to be party of this project as many see this protect will be successful.
I wouldn't. I don't think this coin will succeed! What do you think?
I think that FB already has personal data of many users and passage of KYC will be same as on some exchanges or banks. FB is now also a bank and sooner or later many of us will use its services.
Facebook has developed a cryptocurrency development so this is a good start for me and data is definitely safe if Facebook does that.
i think we should wait for the further information and updates with the developers and the company for what are they going to be. But discussing with this kind of things is more interesting, i think we are too excited.
I wouldn't. I don't think this coin will succeed! What do you think?
I think that FB already has personal data of many users and passage of KYC will be same as on some exchanges or banks. FB is now also a bank and sooner or later many of us will use its services.
I wouldn't. I don't think this coin will succeed! What do you think?
What makes you think that they have the resources billions of dollars and they can hire the top people in any field and they are the number one online, Mark has Midas Touch I'm pretty sure he will see to it that it goes to the place in the market, because they have what it takes.
I wouldn't. I don't think this coin will succeed! What do you think?
what exactly is your point of creating this topic? Are you talking about the Facebook coin kyc or asking if the project will be successful? Please trying be specific on what the point you are trying to makeHis title is very different from the context inside which is why its confusing. But maybe its obvious that most of us here doesn't like submitting KYC documents and that this coin will eventually end up being a failure. I think not though. FAcebook is just too huge that is got tons of partners for it to fail. The project however is very scary since it could control the crypto market in case it becomes too big.
I wouldn't. I don't think this coin will succeed! What do you think?
what exactly is your point of creating this topic? Are you talking about the Facebook coin kyc or asking if the project will be successful? Please trying be specific on what the point you are trying to make 
How the mood changes. Previously, Facebook was categorically against cryptocurrency, and after the success of Pavel Durov and the TON coins dramatically changed their views. I will not spend even the minimum funds to buy this cryptocurrency.
I don't trust anyone with your personal data, and Facebook, where daily cracked accounts moreover will not. It's like just sharing them.
Why should I not trust FB? even I have a facebook account with various information in it, I can set whether the information I want to be privatized or publicized.
So far I have no problem regarding my privacy information while using Facebook, because I manage it well which privacy is not privacy.
Yes, I know what you mean that Facebook takes your data for their business purposes, in my opinion this is not at all harmful, because you use Facebook for free without payment, even if Facebook is a paid platform you must protest. If you don't want ads, you only need to set privacy on your Facebook account, so Facebook will respect your privacy.
So far I have no problem regarding my privacy information while using Facebook, because I manage it well which privacy is not privacy.
I don't trust Facebook with anything, I never had an account there and I'll never will. It's clear as a day that they will use their coin to collect data on spending habits of their users and use it to target ads on their platforms - this is their endgame, targeting ads to the point when they know about you more then anyone else, because they see everything that you do on the Internet. They will try to lure people with cheap and instead transactions, working in many countries, cashback and other stuff - because in the end users are the product.
Yes, I know what you mean that Facebook takes your data for their business purposes, in my opinion this is not at all harmful, because you use Facebook for free without payment, even if Facebook is a paid platform you must protest. If you don't want ads, you only need to set privacy on your Facebook account, so Facebook will respect your privacy.
Somebody already posted what I'm about to say on social media, can't remember if it was on twitter or facebook.
FB doesn't have to ask for KYC, why? Because they already know where you live and almost every detail you do in your life.
Changpeng Zhao posted something similar on his twitter acc: https://twitter.com/cz_binance/status/1140914571495927808FB doesn't have to ask for KYC, why? Because they already know where you live and almost every detail you do in your life.
I'm not a fan of CZ but he's right on this one.
Sound like this guy know FB coin going to destroy his crap system, endless air coins or exchange.
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