I wouldn't. I don't think this coin will succeed! What do you think?
Me too.I wouldn't.Everything in FB is my personal details even my family and friends knows it why we trust anyone who do KYC in FB there is a possibility that our personal information is being hacked. 
Topic: Would you trust FB with your KYC details? - page 2. (Read 13871 times)
Its a choice because if you want to get some of there coins you havenot got a choice, you have to do the KYC. This is standard, even with bounty, you nowadays must do the Kyc to get your coins otherwise they wont give them to you.
You all are really gullible in the event that you think facebook doesn't have a clue your identity. They don't have to do KYC, you previously gave them more close to home data than what they can get from your ID. They know your companions, families, themes you're keen on, area, and a whole lot more.
i don't trust anyone on the internet to leave them my data (kyc), the only ones who have it are paypal ones,when facebook will ask kyc i will stop using it
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
They don't need my documents, Facebook knows my friends, my family members, my school background, my job history almost everything about me. Even my best friend knows less than Facebook AI. They will keep asking my documents for confirming the given details on my Facebook profile when I registered. I wouldn't. I don't think this coin will succeed! What do you think?
We all know the confidentiality issue of FB so i would absolutely not share any of my personal data to them, they are not trust worthy so without trust their project will probably have a short path.
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
Facebook is a social media platform and like every other online platform, will always require certain data from you. Data breaches have become a regular thing and it does not matter what the website does. So if you have personal sentiments against Facebook, then I will understand. But saying you don't trust facebook with your KYC details is being short-sighted. I personally do not trust any platform with my KYC details
in my opinion without even giving KYC, a company as big as Facebook would already have most of our data, and I also believe in Facebook, I would dare to do KYC if that's necessary.
Facebook upcoming coin is based on centralization and not decentralized and even your facebook user data you shared on their social media platform is not safe as well why would you want to submit your KYC details to such platform?scammers are roaming free on the platform hacking other users account and using the hacked account to scam the account owner's friends and family,sorry i cant give out my KYC details to facebook
No i cant trust facebook with my KYC details,i heard that facebook users data arent safe few months ago and many identity was stolen on facebook,im glad im not using the social network
On my own opinion I won't trust my KYC on Facebookcoin because all we know that this is a new coin currency so it is on trial and error stage so it's security features are not good as a old coin. And all we know that facebook is the most popular social media all over the world so I think this is their disadvantage because it can be a home of fraud and scams.
I wouldn't. I don't think this coin will succeed! What do you think?
I don't trust Facebook with my KYC details but I guess Facebook has already known a few personal data of mine. Facebook holds a lot of personal data of its users around the world.
However, if you are referring to Libra, I have to tell you that it is not Facebook. Libra may have been initiated by Facebook but Facebook does not have the sole control over it. As a matter of fact, the Libra Association which overlooks the operation of the Libra Project is composed of many members, of which Facebook is only one. Thus it has also a single vote in decision-making concerns.
As to now, I cannot tell whether it will be successful or not. But if it is successfully launched, it will definitely achieve a good level of success considering its many institutional partners.
I don't want to trust anyone in the cryptocurrency at all, so I don't have to go through KYC at all, only where necessary
As a concept I don't mind the idea of KYC. I mean, banks require it, and ideally it's used to prevent identity theft.
However in practice I'm wary, as it's not just FB, but any exchange, company or even bank being secure enough with your information. Now many exchanges require KYC and it's a necessary evil, but it's not like I'm confident in coinbase not being hacked one day and losing a ton of customer's data. As for FB, I don't even trust them with my real name when making a FB page, so I trust them even less than most companies. They don't require a hack to lose your personal data, they'll gladly sell it all on their own.
However in practice I'm wary, as it's not just FB, but any exchange, company or even bank being secure enough with your information. Now many exchanges require KYC and it's a necessary evil, but it's not like I'm confident in coinbase not being hacked one day and losing a ton of customer's data. As for FB, I don't even trust them with my real name when making a FB page, so I trust them even less than most companies. They don't require a hack to lose your personal data, they'll gladly sell it all on their own.
Libra is a very useful coin for ordinary people who are not familiar with the crypto industry. In addition, many institutional investors agreed to support this project.
The FB project is very interesting, but I don't really want to show my KYC data, I personally support the idea of anonymity in cryptocurrency But with Libra there's no anonymity since the team will be centralized and will acquired KYC procedures, it will be against the intentions of being anonymous but for sure there's lots of people who will support this as soon as it will be introduced, FB have a huge marketing venues with more people around who's not knowledgeable about crypto this target audience will be much willing to accept the rules of providing personal information.
Unfortunately it is. Many people don't understand at all what cryptocurrencies are, but they are ready to become owners of Libra Coin. This project initially distorts the idea of cryptocurrency. And this is their first, but not the last, lie that everyone who wishes to become the owner of this coin will have to face. In addition to giving them your personal data, they already have a lot of your information (with whom you communicate, where you spend time, what you prefer) from your FB account. Of course, not everyone has an account on the FB, but a lot of people have it anyway, so this is very important.
Do you realize the fact that many people in the world live in poverty? Many traders are ordinary people who worked tirelessly in order to be able to invest in cryptocurrencies (which initially imply anonymity). And the fact that they were able to save some money, there is no merit of the state. And now you say that they are obliged to identify themselves in order to pay taxes to the state?
You believe in all this nonsense imposed on you by states in order to take even more money from you.
And projects such as Libra Coin will additionally affect you with the goal of earning money on you.
You have the right to do what you want, but you don't say that the introduction of mandatory KYC is normal. This is abnormal and if you can avoid it, then you need to use it. Otherwise they will use you.
Libra is a very useful coin for ordinary people who are not familiar with the crypto industry. In addition, many institutional investors agreed to support this project.
The FB project is very interesting, but I don't really want to show my KYC data, I personally support the idea of anonymity in cryptocurrency But with Libra there's no anonymity since the team will be centralized and will acquired KYC procedures, it will be against the intentions of being anonymous but for sure there's lots of people who will support this as soon as it will be introduced, FB have a huge marketing venues with more people around who's not knowledgeable about crypto this target audience will be much willing to accept the rules of providing personal information.
Unfortunately it is. Many people don't understand at all what cryptocurrencies are, but they are ready to become owners of Libra Coin. This project initially distorts the idea of cryptocurrency. And this is their first, but not the last, lie that everyone who wishes to become the owner of this coin will have to face. In addition to giving them your personal data, they already have a lot of your information (with whom you communicate, where you spend time, what you prefer) from your FB account. Of course, not everyone has an account on the FB, but a lot of people have it anyway, so this is very important.
Honestly, Facebook won't ask KYC. Because they already have information on more than 1 billion Facebook users at the moment. And they will know who is participating in their project with the facebook account available. But I really don't want it to come true
Libra is a very useful coin for ordinary people who are not familiar with the crypto industry. In addition, many institutional investors agreed to support this project.
The FB project is very interesting, but I don't really want to show my KYC data, I personally support the idea of anonymity in cryptocurrency But with Libra there's no anonymity since the team will be centralized and will acquired KYC procedures, it will be against the intentions of being anonymous but for sure there's lots of people who will support this as soon as it will be introduced, FB have a huge marketing venues with more people around who's not knowledgeable about crypto this target audience will be much willing to accept the rules of providing personal information.
Unfortunately it is. Many people don't understand at all what cryptocurrencies are, but they are ready to become owners of Libra Coin. This project initially distorts the idea of cryptocurrency. And this is their first, but not the last, lie that everyone who wishes to become the owner of this coin will have to face. In addition to giving them your personal data, they already have a lot of your information (with whom you communicate, where you spend time, what you prefer) from your FB account. Of course, not everyone has an account on the FB, but a lot of people have it anyway, so this is very important.
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.
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