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Topic: Would you trust FB with your KYC details? - page 15. (Read 13830 times)

full member
Activity: 1106
Merit: 166
★777Coin.com★ Fun BTC Casino!
I wouldn't. I don't think this coin will succeed! What do you think?
definitely not they will providing there sign in people details to the marketing peoples and it will be directly given in their agreement pages before sign up in there FB pages that sorry I cannot trust it for KYC not been given to other people in Facebook.
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
Why won't it succeed. FB coins might be demanded by all investors since it will be in pair with fb stocks which has been doing well in the previous years.As more people are on fb so will they need the coins for their online transactions on facebook.
Investing in the coin facebook releases will not be the same as investing in their stocks, the coin they are going to release it is a stable coin, taking into consideration the size and reputation of facebook we can easily assume the coin is going to succeed but since it is going to be pegged to the dollar the variation in its price should be minimal, so do not make the mistake of comparing the performance of the facebook stock with the coin they will release.
member
Activity: 448
Merit: 12
Today, almost all new projects require passport data from all investors.  So you don’t have to choose and don’t really want to resent, especially if yours really has good prospects.  But as for Facebook, as well as its cryptocurrency, this question is not completely clear to me, because I do not know what results this cryptocurrency will bring to society.
hero member
Activity: 2968
Merit: 687
why are you even talking about it? and more importantly why aren't you talking about Paypal because it is exactly like Paypal! a centralized closed source, closed blockchain that is run by a company and you can only interact with it through a website and an account. and the values in your account are similar to US dollar and have 1:1 value. meaning 1 Paypal unit is 1 USD and 1 Facebook unit is also going to be 1 USD.

when you sign up with Paypal you verify your account before they let you convert you fiat to Paypal units and similarly when you sign up with Facebooks' new website you also have to do the exact same thing....

there is no coin, no blockchain, no crypto, no node to run, no exchange to trade,... there is only Paypal with a different name issued by a different company.
On point and why just people cant really able to differentiate or simply compare it out where its too obvious on having this kind of centralized system.
This aint crypto and wont really able to be recognize at the first place and people should be aware that this isnt really something connected into crypto world
yet this is just an another centralized thing that integrated into a centralized company.
sr. member
Activity: 966
Merit: 254
It will not hurt Bitcoin. But I am not sure about other altcoins. People will see a certainty in Facbeook GlobalCoin and will migrate from not certain altcoins like Ripple. Plus they will receive stability.  Cool
legendary
Activity: 2380
Merit: 4265
eXch.cx - Automatic crypto Swap Exchange.
Why won't it succeed. FB coins might be demanded by all investors since it will be in pair with fb stocks which has been doing well in the previous years.As more people are on fb so will they need the coins for their online transactions on facebook.

It's Facebook therefore there are every chance it'll succeed but It's a stablecoin for satoshi's sake, it won't double your bitcoin neither will it increase the dollar value of the Libracoin you hold. It's just another attempt to kill the hype towards bitcoin as a global currency. They said it operates on zero fee for transactions but guess what, you'll be paying with your privacy as the fees. The only value it'll be bringing to the table is more introducing of the blockchain technology and cryptocurrency to mainstream which is positive for the adoption of the technology.

member
Activity: 490
Merit: 10
Why won't it succeed. FB coins might be demanded by all investors since it will be in pair with fb stocks which has been doing well in the previous years.As more people are on fb so will they need the coins for their online transactions on facebook.
sr. member
Activity: 807
Merit: 251
World's First Crowd Owned Cryptocurrency Exchange
This doesn’t scare me very much as the KYC procedure is mandatory for any investor about Facebook. I can say that the project is worthy and it is necessary to invest in it since there will be a good growth of their token in the future.
Why did you decide that there will be a rise in the token price? as far as I could understand it will be the stable coin. they cannot afford to launch a volatile coin whose price will change
full member
Activity: 854
Merit: 102
MoonDeFi
This doesn’t scare me very much as the KYC procedure is mandatory for any investor about Facebook. I can say that the project is worthy and it is necessary to invest in it since there will be a good growth of their token in the future.
member
Activity: 462
Merit: 17
I don’t understand your question a bit, as many bounty hunters go through procedure KYC, even if the project is suspicious or fraudulent. And project FB is trustworthy and if they tell investors to go through procedure KYC, many will willingly go through it.
newbie
Activity: 21
Merit: 1
The coin will succeed since Facebook is a trusted platform.

I don't believe that it is trusted...most people know how untrustworthy FB is and use it anyway (guilty). I'm not an active user now but have invested so much into it already, like the picture albums shared over the years - which for me is nostalgic of my youth. I'd have to spend a week downloading all the pictures and recording them to a timeline in the same way.  Probably the best possible move I could and should make to be honest.

As far as a cryptocurrency organized by FB, I do not and will not trust it.
legendary
Activity: 2156
Merit: 2100
Marketing Campaign Manager |Telegram ID- @LT_Mouse
Primarily this coin will be successful. Because there's a little amount of people who care about their privacy. Others don't care about this. They will find this coin trusted and convenient for transferring asset. But at some point, after some more 5-10 years, people will be more privacy concerned and this type of coin will be collapsed.
full member
Activity: 672
Merit: 100
Facebook has stated that it does not sell information from its platform users. But all we know is that FB sells user information to maintain activity and development. Recently the FB has announced a new platform. This platform will collect user information and pay for users providing information. With what I know, any user KYC will be sold to a third party.
sr. member
Activity: 1022
Merit: 264
Ofcourse , if i trusted companies like blockchain , coinbase and other exchanges , why would i not trust facebook ? If it gets stolen then what ? What they gonna do with my personal details ? Ofcourse can create fake identity , but there is way to prove it was not you instead of some criminal case or other things they gonna do it with your ID , not sure ...
full member
Activity: 1274
Merit: 100
No doubt Facebook is largest social network and has huge community and some bid project like PayPal, MasterCard,Visa-card are the partner with FB so i think it will prove big coin in near future.
member
Activity: 469
Merit: 16
Kyc is very necessary for a project to run, so that they believe this is yours, and when we lose an account, our data is saved by the project.
legendary
Activity: 2100
Merit: 1321
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I wouldn't. I don't think this coin will succeed! What do you think?

Dont say that we know that facebook is a big company and having more than one partnership with multiple big names. I think they can change the league of crypto and their position to the market. At first I thought they are just creating hypes but the project Libra is already here all details such as whitepaper are now public and ready to roll. Looks gonna be a new contender on site.
714
member
Activity: 438
Merit: 10
I wouldn't. I don't think this coin will succeed! What do you think?
Facebook has a huge marketing and advertising network, and they know how to polish their names. I think the FB's coin is likely to be very successful or at least it will create something different.
full member
Activity: 1820
Merit: 107
I wouldn't. I don't think this coin will succeed! What do you think?
I dont really understand why some people give so much attention on Facebook's new cryptocurrency, lets just give facebook a benefit of a doubt, KYC is not and issue here as we all know, many people are easily give their data in exchange for some airdrop coins, so in that case its not a big deal, I trust facebook thats why i used it so KYC does.
sr. member
Activity: 714
Merit: 251
Libra has every chance of success. Everyone knows Facebook and Whatsapp messengers, and they are used by almost every modern person. Using these messengers, people will make internal purchases, which will contribute to the development Libra economics and also these messengers.
And about the kyc procedure, don't worry, they know all about us. Grin
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