if you mean success is coin sold out and active trade i think this coin will success but if you mean is can survive in crypt market, i am doubt with it.
LIBRA is good coin i think, but the problem is not facebook branded but what will it can have a potential to grow bigger.
i don't take any movement for now, i just want to see first what can this LIBRA do.
Topic: Would you trust FB with your KYC details? - page 9. (Read 13871 times)
Trusting Facebook is a possibility because we already trust facebook with our information and important social things. Why would we not trust the facebook coin if that is more secured that the social media platform. There's no doubt that facebook libra developer is doing everything to make the coin as secured as possible.
Trusting facebook is a bad idea because there have been security breaches in the past and it is likely this is going to continue, besides as we know facebook can ban you from using their services for any reason they deem worthy of it, even if you just have some unpopular political ideas, if you just had a social media account then it does not matter, but if you have money with them then you will lose access to that money as well and personally I do not want to take such a risk. I wouldn't. I don't think this coin will succeed! What do you think?
So there are people claiming that the Libra coin is the same thing as PayPal, if it's really the same thing as PayPal then what's the need to making use of Libra coin?? That wouldn't make any sense then. If you have PayPal then better to continue making use of the PayPal than switching to Libra and making use of the both of them. This is only going to be useful to those people that are living in places where PayPal services are not available, cause Facebook Libra is likely to be available worldwide anywhere crypto is accepted. As for giving out kyc, that's what I'm not sure on whether I'm going to do yet or not. I haven't got the Libra coin so I know nothing about that for now. legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
I wouldn't. I don't think this coin will succeed! What do you think?
Why not ? Nowadays it is a common thing that you must submit KYC requirements before investing in a project.
If you sure Facebook project in cryptocurrency will be a great succeed, then KYC is not a problem for you to gain great profit in the future.
Facebook coin will succeed it's 100% because already a lot of big investors with big companies are investing in Facebook coin and I think that everyone can trust Facebook their personal data. Just not all people will use their coin, so no need worry about fb coin if you will not use it.
I wouldn't. I don't think this coin will succeed! What do you think?
Why not ? Nowadays it is a common thing that you must submit KYC requirements before investing in a project.
If you sure Facebook project in cryptocurrency will be a great succeed, then KYC is not a problem for you to gain great profit in the future.
No way. I don't trust FB with my KYC details because its popular and open. Lots of people visit the website. There's no privacy or confidentiality there and its quite not well. Its bad.
Apparently Facebook wants total control.They even manage to launch an application that will openly collect all the necessary information and as a reward to pay its users.Read this article and maybe Facebook will not get a huge success:https://www.theguardian.com/technology/2019/jun/11/facebook-user-data-app-privacy-study
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I don't trust FB with my KYC because although FB is a popular and famous website, I don't trust them and I think they can do whatever they want with our data. Besides that, there is no guarantee for us to see FB can protect the customer data, and we need to be careful to send any document to them. It is better not to use our real document to get verified because when the data was sent to the internet, we don't know what will happen later.
Trusting Facebook is a possibility because we already trust facebook with our information and important social things. Why would we not trust the facebook coin if that is more secured that the social media platform. There's no doubt that facebook libra developer is doing everything to make the coin as secured as possible.
I wouldn't. I don't think this coin will succeed! What do you think?
So am I, i don't see a good development with LIBRA is have a negative issue.LIBRA is just born and we can't take a big expectiation to be like BNB or ETH.
facebook is big company and people in the world know about that, but not in cryptocurrency.
I wouldn't. I don't think this coin will succeed! What do you think?
i fully understand that fb crypto which is libra is really not a crypto. It is like an fb token which only uses blockchain. But it is centralized and i dont think they will create something that they cannot control. Fb coin will success because fb is the number 1 apps in the whole wide world.
It will be stable coin and ofcourse big companies will back it , so we could see marketcap close to bitcoin i guess or even more
Can u imagine FB Coin will have bigger marketcap than bitcoin ? I don't think it will happen , but there is really high chance it could . Who knows maybe it will not be on Coinmarketcap or exchanges like other cryptos , maybe they will have its own where to trade it I wouldn't. I don't think this coin will succeed! What do you think?
i fully understand that fb crypto which is libra is really not a crypto. It is like an fb token which only uses blockchain. But it is centralized and i dont think they will create something that they cannot control. Fb coin will success because fb is the number 1 apps in the whole wide world.
It will be stable coin and ofcourse big companies will back it , so we could see marketcap close to bitcoin i guess or even more
Can u imagine FB Coin will have bigger marketcap than bitcoin ? I don't think it will happen , but there is really high chance it could . Who knows maybe it will not be on Coinmarketcap or exchanges like other cryptos , maybe they will have its own where to trade it I wouldn't. I don't think this coin will succeed! What do you think?
i fully understand that fb crypto which is libra is really not a crypto. It is like an fb token which only uses blockchain. But it is centralized and i dont think they will create something that they cannot control. Fb coin will success because fb is the number 1 apps in the whole wide world.
Lol FB are greedy bastards. I wouldn't give them any more power than they already have. They will just take advantage. Look at how they change the algorithm so that pages get less exposure forcing you to spend money on ads that are extremely expensive and basically FB print out money. It costs them nothing to sell ad space and its infinite as long as FB has users and since like half the planet or whatever use it you can see the amount of power this will give them. They already drunk with power lets not have them drowning in it.
why the success of FB have anything to do with KYC? it doesn't matter if they succeed or not. They still have your data, if you trust them it's ok. But considering yourself using Facebook, it doesn't matter much though.
I wouldn't. I don't think this coin will succeed! What do you think?
Well I think the moment we sign up and register in facebook, we already give then our personal information, so doing KYC with them is not actually a big deal. For sure, facebook will do everything to preserve your personal information so I think KYC is ok. The real question is, "is it worth it to buy their coins?". Do we really need facebook coin or they are just trying to ride hype.
i think this one is one of serious and biggest project in this year, due the name of facebook itself, also the project whos already give their support and become partnered with Libra project.
I wouldn't. I don't think this coin will succeed! What do you think?
I think so. FB is the largest social network in the world today but it is very poor. There was a lot of information that was stolen. This is a serious problem FB needs to care about.
As far as I know Facebook have already gotten identity details of its users. I think most of Facebook users have signed up for Facebook by providing their real identity. And I think most of the users do not mind providing their KYC information if the coin is lucrative and they think it will give them a handsome return on their investment.
Jump to: