Would you trust FB with your KYC details? - page 7.

Twinkledoe

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Quote from: btccrusher on July 01, 2019, 05:19:03 PM

That's a big NO, NO! I never trust those guys. They don't even protect our basic privacy, how could we believe them? I'm sure they are going to sell our KYC data in exchange for billions USD. So, If I give my KYC data to FB, I'd be in high risk of identity theft. I'm not going to do this.

Same here. I am not using fb anymore as I realized that everything you put in there will be forever recorded in their system. There's no turning back. So if you comply with their KYC requirements, it is like they own a big part of your identity. We don't know where they will use our private info. Remember, they already acquired a lot of partnerships. Does it mean, those companies have access to your information also?

btccrusher

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That's a big NO, NO! I never trust those guys. They don't even protect our basic privacy, how could we believe them? I'm sure they are going to sell our KYC data in exchange for billions USD. So, If I give my KYC data to FB, I'd be in high risk of identity theft. I'm not going to do this.

Atang Sulaeman

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not just trusting because Facebook on Facebook is the beginning to open an account,
but if there is any, KYC will not affect users because since the beginning KYC on Facebook is still running.

Metall303

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FB has repeatedly come across the fact that they sent the data of their users to some FBI and etc. and therefore I think that we should not trust our data to this company.

miningguru

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Quote from: Mikcik on June 28, 2019, 06:26:10 AM

Of course it will succeed, because it is sponsored by Facebook, and one more thing is that the orientation for their money is completely different from the current crypto.

Yes, but according to technology behind the Facebook Libra coin completely based like Centralised technology like XRP, but surely Libra coin will get more reputation compared to XRP. We have to wait and see until the coin is launched in the market.

TastyChillySauce00

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Quote from: indrakusumaindra on June 29, 2019, 10:26:06 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?

Well i would trust facebook, cause i do think facebook is a great company and they did have some identity issue last year which i think they should learn from their mistake, so yes i do think i would trust facebook and i do think libra have some great potential to be success.

I guess if you are not citizens of developed country KYC wouldn't be an issue in the identity holders' perspective but really different if you are a citizens of developed country.
The privacy issue which has happened in the past shouldn't be taken lightly because if all people were as merciful as you they will repeat the same mistakes.

indrakusumaindra

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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?

Well i would trust facebook, cause i do think facebook is a great company and they did have some identity issue last year which i think they should learn from their mistake, so yes i do think i would trust facebook and i do think libra have some great potential to be success.

nreal

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nreal

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Facebook is a huge social network with more than 2 billion users, I think if Libra can go into operation, it will bring huge profits for Facebook.

Goodvalony

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in the first place, Facebook coin is not a cryptocurrency because it failed all the fundamental that described a cryptocurrency. Libra is centralized and will be controlled by Mark the owner of facebook. other financial companies have already joined and should any financial platform failed to join the Libra project might be cut off from international transactions.

sulendra12

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Quote from: Gabmot on June 28, 2019, 05:24:35 AM

I don't really getting this.. Am I missing something? Does facebook usage requires submission now? I hope not! But even if that is, though many users may rave and rant at first, i'm convinced, many won't have any option than to give in.

Facebook is currently developing their new cryptocurrency and what OP asking is that do you trust this if you want to invest on their assets? Where actually if you are a facebook user, you already shared your data with facebook such as address, full name etc.

Quote from: ivaf on June 28, 2019, 01:27:56 AM

And I do not see anything terrible. Facebook already knows more about you than you think - your tastes, preferences, interests, secret desires, your connections, and much more. So the KYC for them will be just a formality.

+1

Nhebu

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Nothing wrong about it. Online or offline it increasingly common for banking institutions, credit companies, and insurance agencies to require that their customers provide them with detailed information in order to ensure that they are not involved with corruption, bribery, or money laundering. But some how, I doubt Facebook since it is more exposed to public and there are cases with regards to personal account. Yet, if it will improved the security then why not.

Mikcik

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Of course it will succeed, because it is sponsored by Facebook, and one more thing is that the orientation for their money is completely different from the current crypto.

Gabmot

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I don't really getting this.. Am I missing something? Does facebook usage requires submission now? I hope not! But even if that is, though many users may rave and rant at first, i'm convinced, many won't have any option than to give in.

ophyrim

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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 think this coin is going to be highly successful in the near future. But of course, I don't trust Facebook with my KYC details. I don't even have even a Facebook profile. I have closed it 5 years ago. But people share every detail of their life on Facebook. And I am sure they will share their KYC too.

Sacramentus

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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?

first of all, the project will succeed, they have all it takes to make the project succeed. Also about kyc, I don't they need any more kyc since they have enough users data on their platform or maybe they need just little information to supplement what they already have

EXtremeAEX

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Quote from: EXtremeAEX on June 27, 2019, 05:04:10 PM

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?

Never. FB has proven itself from the bad side. They constantly give the personal information of their users to third parties. So what will change now? Nothing. Therefore, I would recommend everyone to think a few times before giving their personal information to them or anyone else.

Facebook is much more trustworthy than most other crypto-related services requiring KYC.
I doubt that Facebook dares doing something legally questionable with critical personal data aquired from KYC.

Maybe. It would be great if it turned out that way.
I completely agree that a number of other crypto services easily share the personal information of their users with third parties. That's why I pay attention that all of us need to think very well before sharing our personal information with anyone.

ivaf

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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?

And I do not see anything terrible. Facebook already knows more about you than you think - your tastes, preferences, interests, secret desires, your connections, and much more. So the KYC for them will be just a formality.

DainSLane

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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?

We are the same opinion mate since the facebook coin we do not know if they were success here in crypto currency we can not give our personal details for our security reason because our kyc would be link they will use it from other scam.

stripykitteh

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Quote from: ansarose1 on June 27, 2019, 08:03:58 PM

I think its not necessary to undergo kyc in a simple task. Perhaps there's a lot of accussations that there would be personal information thief happens upon kyc. Some syndicates may use our personal identification, so it is too risky to do kyc if the project is not legit.

Data mining is how most KYC companies and ICO companies get their information. It is best for people to skip the KYC then purchase the coins on an exchange. It is much safer to do that then to give away any information to a stranger on the Internet.

Topic: Would you trust FB with your KYC details? - page 7. (Read 13871 times)