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Bitcoin => Bitcoin Discussion => Topic started by: sdsfghfff on August 10, 2020, 01:09:17 PM



Title: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: sdsfghfff on August 10, 2020, 01:09:17 PM
Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Twinkledoe on August 10, 2020, 02:30:51 PM
This may increase security, but it's definitely not compatible with decentralisation.

And the thing is, how secure is this sensitive identity of yours? If a specific organization or company is holding those vital facial data of yours, how can they assure that their clients have nothing to worry about breach or something?


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: mardaed on August 10, 2020, 02:34:56 PM
This may increase security, but it's definitely not compatible with decentralisation.

We are of the same mind. I do not think these would be a good idea for facial recognition be combined with decentralization. And where does the bio metrics and data of such security tool would be directed?


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: mezzaluna on August 10, 2020, 04:16:50 PM
I guess what you are trying to say is have a better way to improve KYC's since some people have already looked for a way to complete in a way that they are not placing their true identities. Facial recognition would really help BUT people are always aware that once they uploaded their files into a system, they are already placing their identities publicly in exchange for money. We must always be mindful that we can always gain profit by not throwing away our identities but it would be so much better to live in a place where everything can be fair.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: odolvlobo on August 10, 2020, 04:18:05 PM
Don't bother reading the article. It is a waste of time. The article says nothing about how facial recognition might be used to reduce fraud.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Ucy on August 10, 2020, 04:48:13 PM
What facial recognition, and where do you store the data? It's for Twitter, YouTube or  Bitcoin? Hope it's not centralized facial/private-ID recognition/verification and storage system. That'd be like creating another vulnerability for hackers to exploit. I guess the organization/company haven't learned anything from the Twitter hack (assuming they mean centralized recognition/storage). You can't risk the private ID of millions of people on centralized system just because of money.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: target on August 10, 2020, 05:16:46 PM
This may increase security, but it's definitely not compatible with decentralisation.

I think I have just experienced facial recognition test in binance 2 weeks ago when I tried reviving my account and once again I have to submit the documents I have tried submitted the last time. But this time, they are asking me to turn-on my camera and some blinks for their AI to recognize me. I was chilled to the bone.

But if its used in social media, it would be good.  People in social media like facebook and twitter don't mind if they undergo this facial recognition AI.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: witcher_sense on August 10, 2020, 05:44:47 PM
If facial recognition could help in fighting scams and frauds, we would be living in a perfect world already, the one without crime and wars. But we are still living in a world where such systems are being continuously abused by authorities. They aren't fighting criminals, they use these tools in their political intrigues and other shady games. Needless to say that If such technologies widely spread we will all end up under mass surveillance. It was well described in Orwell novel. No one wants the future like that, it is better to find other ways of finding crimes.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: fiulpro on August 10, 2020, 06:05:18 PM
Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/

Okay so everyone is saying how negative it can be and can never work with decentralization.

My take on this:

What the author necessarily meant was if facial recognition does become an important part of logging in your Twitter ID or any social media ID , this way these scams can be prevented to an extent. Facial recognition is really safe and super hard to copy.

( Not entirely impossible but yes super hard. )
-*-

I do think one cannot always enforce the facial recognition regarding the transactions , no one will actually use it.

BUT:

I do think one can also step up and just add their own fingerprint while dealing with logging in issues and such , this technology is already in work and can be made mandatory . This would be effective and would not need any more time to get into the lane. At the same time there are silicon masks plus lenses that can fully copy facial recognition.

Quote
Through a course of experiments, researchers from Tencent Security's Zuanwu Lab in China determined that the ability for facial recognition technology, such as Apple's FaceID, to reliably authenticate that the actual user is not only present but conscious or even alive can be faked


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: LUCKMCFLY on August 10, 2020, 06:21:30 PM
This is a good strategy, although I prefer the 2FA authentication factor, security is something that many are willing to pay or even do, scams are at the time of day, thugs are always looking for different ways in how they can steal. Based on the fact that facial security does not require an additional instrument like the one required by 2FA, it can be accepted quickly, but some privacy advocates will not resort to it.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Sanugarid on August 10, 2020, 06:40:41 PM
Don't bother reading the article. It is a waste of time. The article says nothing about how facial recognition might be used to reduce fraud.
It's really futile to visit the website lol  I was starting to think that biometrics will be used somehow in blockchain such as facial recognition in some companies, or there are trials being done with it but the articles was just a light of facial recognition, there isn't even a specific data why they did come up with the use of biometrics. And I agree that this security features would just defeat the essence of decentralization on the first hand. Imagine your face id will be the tail of your network address, isn't it that bothering to have? I don't even use my phone's finger print scanner due to some purposes that I believed onto, I just stick with my pin even in my local e-wallet.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: c_atlas on August 10, 2020, 06:52:30 PM
Facial recognition? How much more of your data are you willing to give up?


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: cheezcarls on August 10, 2020, 07:03:32 PM
Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/

It can be a good feature to prevent on what recently happened to various Twitter accounts from several well-known personalities that are being hacked by a brilliant teenage hacker and his minions. It would likely increase security feature for good, but I wouldn't take it for granted.

The more they improve their security features such as facial recognition, the more these hackers become intelligent and will launch another innovative counter-attack to breach the system. It's much better for these social media platforms to turn into decentralization or running in the blockchain (or maybe just implement seed phrases or private keys than passwords or so), but it would take a long while either to make it happen or not at all.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: btc_angela on August 10, 2020, 08:11:43 PM
Nah, it will just complicate things. I think Twitter needs to look at what's inside, their employees, because those people are the first one to be attack or been the target of hackers. So Twitter needs to upgrade and teach them from within on how to protect their assets and not introduce this so called facial recognition because it will not reduce fraud or scam and it will just make it worse.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Leo on August 10, 2020, 08:24:38 PM
I really can't figure out what the article is trying to say, it doesn't clearly explain the topic OP brought out.

Well facial recognition can help curb out bitcoin scams but to a mininal length, despite the fact that kyc exists bitcoin scams still persist


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: ChiBitCTy on August 10, 2020, 08:43:38 PM
I read through the article and it makes sense to me how this might help stop online scamming, but how is it going to do so if people use fake identification tools.  It seems like this is basing it's security on the honor system?


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: avikz on August 10, 2020, 08:58:14 PM
Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/

Any kind of bio-metric information will help secure bitcoin storage and transaction - be it facial recognition or thumb impression! It will even make things easier whenever there is a requirement to reset a password or even get access to a lost account. However, in a decentralized ecosystem like bitcoin, these are not really a preferred choice of the end users. I am sure majority of the bitcoin users are not willing to give away their identity to any third party unless they have disclosed their bitcoin holding to the government. So whatever Rod Hsu had said, is true, but not ideal!


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: snarlpill on August 10, 2020, 10:25:00 PM
I don't want any part of facial recognition involved with Bitcoin...    This is a massive privacy violation and as mentioned above is in direct contradiction with Decentralization. In some more extreme countries they could try to use facial recognition to completely ban someone from using BTC altogether.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: suzanne5223 on August 10, 2020, 10:57:53 PM
It has come the time we need to understand that there are some certain things which will do more harm than solution just like how robotic creation led to a lot of people's job losses. However, the twitter and Youtube bitcoin scam that led to this face recognition creation conversation was an easy to understand scam which means those that were victims are those that don't have adequate knowledge about what security entails in crypto and how crypto scammer operates.






Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: DoubleEdgeEX on August 11, 2020, 05:03:04 AM
Even if you put facial recognition on a blockchain and encrypt it, it still needs maintenance and control to a certain extend which in return contradicts the very idea of decentralization and anonymity. While it´s somehow interesting, FR could easily be faked too, I mean look at the incredible details from that examples here: https://mymodernmet.com/free-ai-generated-faces/


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: lovish27 on August 11, 2020, 05:04:48 AM
Need of the time I guess


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Lorence.xD on August 11, 2020, 06:00:33 AM
Facial recognition has been a thing for awhile now and I think that they should have done a significant thing right now, remember when Iphone facial recognition had a faulty issue where other people can open the phone besides the user. Maybe I am just talking nonsense but my point is that there might be things that will slip in the cracks and it will be unnoticeable until someone tells someone about it. I believe that this can help in security but I do not think that it should be used for cryptocurrency thingy.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: paul00 on August 11, 2020, 06:15:02 AM
What do you mean putting facial recognition in every transaction? or it will be added in kyc requirements in creating bitcoin address. It might work but still the security of the owner will still be at risk. When the profile leaks.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: maxreish on August 11, 2020, 06:20:58 AM
This may increase security, but it's definitely not compatible with decentralisation.

Indeed. And not everyone will gonna agree on that face recognition. If it's for the security, im gonna go with it but with the the decentralization it may be a conflict one. Anyway, KYC's been an issue and it this thing will be implemented in such a social media platforms, I don't think everyone will submit it. There is still some other ways to add some security and to prevent scams other tha  these of facial recognition. Like secret questions that only a certain user can answer it.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Assface16678 on August 11, 2020, 06:26:12 AM
Facial recognition and other related to the personal information only of a one-person like a fingerprint are all unique but the main problem is it does good to decentralized?

This is just for personal use and in terms of decentralized no one handles this so how can it happen?.

Right now some of the platforms today are requiring to have a KYC because those are centralized they want to make sure all of the information if the users must be stored and secured but it is really secured? Or could possibly use for selling your information?. No one knows.

If you want to have a decentralized it does not require to have a piece of personal information.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: leea-1334 on August 11, 2020, 06:38:19 AM
Even if you put facial recognition on a blockchain and encrypt it, it still needs maintenance and control to a certain extend which in return contradicts the very idea of decentralization and anonymity. While it´s somehow interesting, FR could easily be faked too, I mean look at the incredible details from that examples here: https://mymodernmet.com/free-ai-generated-faces/

Blockchain maintenance by one entity is still centralized, and does not make sense at all. People who do this might as well just make use of a traditional database instead of making a big blockchain that is expensive to maintain.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Jawhead999 on August 11, 2020, 07:16:11 AM
This idea is very compatible with XRP aka centralized shitcoin, not for Bitcoin. Also it will increase potential from $5 wrench attack [1]


[1] https://blog.keys.casa/how-to-protect-your-bitcoin-from-5-wrench-attacks/



Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: MCobian on August 11, 2020, 07:20:51 AM
If we log in to Twitter and YouTube using facial recognition, I am fine with that, but if we log in exchanges or wallets
using a security system with facial recognition. I strongly disagree with this, because decentralization is no longer available.
Because we will no longer have privacy if facial recognition is actually realized on exchanges or wallets.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: o_e_l_e_o on August 11, 2020, 09:31:20 AM
You can't risk the private ID of millions of people on centralized system just because of money.
Centralized exchanges do it all the time. Centralized exchanges leak private data all the time, and yet people continue to send them more private data.

Facial recognition is really safe and super hard to copy.
The facial recognition technology on most mobile phones is able to fooled by a simple photograph of the person. Even the most advanced 3D scanners can be fooled with a 3D printed mask designed from a simple photograph. They are not safe nor "super hard" to compromise.

but if we log in exchanges or wallets using a security system with facial recognition. I strongly disagree with this, because decentralization is no longer available. Because we will no longer have privacy if facial recognition is actually realized on exchanges or wallets.
What difference does it make to centralized exchanges? If you have already completed KYC, then they already have a picture of your face, your name, address, and all your other details as well. You already have zero privacy when using these services.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: tbterryboy on August 11, 2020, 11:11:07 AM
Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/
Everyone has their own opinion as to how things should be done in the cryptocurrency community. Everyone is concerned about Security, that’s the major concern of the people, but in different ways; there are people whose major concern is that they don’t want to be scammed, they want to be able to trust whatever project they see in the cryptocurrency market and these people are ready to sell their identity for it, which is not the core purpose of decentralization.

Then there are those who don’t care about getting scammed, maybe they think they are smart enough to tell when a project is a scam or not, these are the people who are worried about their identity and they want to keep it safe and say low-key, and of course that’s the main purpose of Bitcoin and decentralization, so that people who are making use of it will not share their identity.

So, in a case like this what would be the solution? Will it be best to say that those who are worried that they would get scammed should quit from anything that has to do with cryptocurrency, and look for other things doing? Or should things be changed to be in the favour of such people?


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: minairia3 on August 11, 2020, 11:30:31 AM
Im not sure whether user will increase the security upon utilizing this feature or make it worse. Im sure this tech has history of malfunction or glitches. It will take a thousand test first before it can be sync through a decentralized network.

Im thinking if phones could have this then it can be easily install and integrate to any of the centralized market. Actually this addition will help avoid such scam activity but until certainty that this method will be safe then some study is a must before deploy or activate such feature.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: davis196 on August 11, 2020, 12:25:34 PM
How is this "facial recognition" process different than the usual ID verification process,where you have to upload an actual selfie in addition to the front and back of your ID/driver's license/passport?
I assume that services like Jumio or Onfido(the companies that handle automatic ID verification processing for some big crypto websites) have some sort of face recognition process,that is used to match the selfie with the photo on the ID card.
Everyone has the right to stay anonymous on the web and making facial recognition and ID verification mandatory should be illegal.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: audaciousbeing on August 11, 2020, 12:46:03 PM
Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/

Even with face recognition, fingerprint recognition or retina scan even add it to DNA verification, it still does not stop those who will be gullible to be gullible while those with scam tendencies will continue to find a way to ensure that their own bottom line is continually protected. The way out is to ensure there is adequate enlightenment to protect the new entrants into the crypto space not to be ruled by their greed expecting that there is free money somewhere that can make them rich in their bottom line.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: stompix on August 11, 2020, 01:38:05 PM
Don't bother reading the article. It is a waste of time. The article says nothing about how facial recognition might be used to reduce fraud.

Yeah, I did waste my time, and to my "surprise", it's not about reducing fraud, it's not really about bitcoin, and it's so damn hard to read, I don't know what the author drank before writing it, but if he didn't this thing is surely a poor translation

Quote
During a meeting with Currency Times, Hsu said Bitcoin is an electronic type of non-reversible and, to some degree, mysterious money, “combined with this hole in understanding makes it engaging for trick craftsmen.” But on account of the harmful exposure the digital currency got with the tricks, it might have debilitated numerous from embracing it.

The facial recognition technology on most mobile phones is able to fooled by a simple photograph of the person. Even the most advanced 3D scanners can be fooled with a 3D printed mask designed from a simple photograph. They are not safe nor "super hard" to compromise.

Things are changing, the previous versions of face recognition software were so bad you could indeed fool them with a poorly done mask but the newer types are not using 2D models anymore. I was just talking about this in the LocalBitcoins verification topic, they've changed the last level of verification to liveness, a real pain in the ass procedure after which you will end up with the neck of an owl but no 100$ mask will be able to fool it. The most advanced programs are measuring facial expressions and no latex mask can deliver human-like results. Rather than trying to fake the image in front of the camera the best way would be to feed the camera fake information but those solutions are getting costlier while the measures to detect them cheaper. It takes from 1 to 4 hours for a make-up session in a movie and even then the new faces go through a bit of editing if you have the budget of a studio at your disposal...why would you want to fake your own face for a website?

One thing, I'm talking about face recognition as a multi verification procedure to identify you as the same person, not those security cam jokes that have a 3d picture in their database and compare up to 12-24 points at maxim.



Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: carlisle1 on August 11, 2020, 01:53:44 PM
Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/

Even with face recognition, fingerprint recognition or retina scan even add it to DNA verification, it still does not stop those who will be gullible to be gullible while those with scam tendencies will continue to find a way to ensure that their own bottom line is continually protected. The way out is to ensure there is adequate enlightenment to protect the new entrants into the crypto space not to be ruled by their greed expecting that there is free money somewhere that can make them rich in their bottom line.

Completely Right! whatever securities that will be implemented there are still
scammers and hackers that will exist and tried to breach anything, testing the
protections and keep trying to penetrates, they will not stop doing the same thing.

It's good to see this kind of proposals but certainly it's not stopping there, chances that breach will come inside
and part of the team can be the scammer or hacker itself.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Rengga Jati on August 11, 2020, 04:19:38 PM
It may be a good idea in order to avoid any scam in the future. But once more, do the people want to do it? It means that the system will need data on facial recognition. I don't think that many holders will do it for the shake of the animosity. some may follow this idea but it may not be general. So, it may be only an option that can be done.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: DoubleEdgeEX on August 11, 2020, 04:54:09 PM
Even if you put facial recognition on a blockchain and encrypt it, it still needs maintenance and control to a certain extend which in return contradicts the very idea of decentralization and anonymity. While it´s somehow interesting, FR could easily be faked too, I mean look at the incredible details from that examples here: https://mymodernmet.com/free-ai-generated-faces/

Blockchain maintenance by one entity is still centralized, and does not make sense at all. People who do this might as well just make use of a traditional database instead of making a big blockchain that is expensive to maintain.

Absolutely! The question is, how could you decentralize Facial Recognition and make it bulletproof that no artificially created face can pass as someone else?


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: wxa7115 on August 11, 2020, 05:46:46 PM
Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/
This is more trouble than what it is worth, if people want to stop falling for those kind of scams the only thing that they need to do is to think a little bit and use their common sense, but it seems that it is asking too much out of people, no one that has worked hard for his money will fall into a bitcoin doubling scam, it is very obvious that when you read something like that you are in the presence of a scammer.

And taking into account that you are your own bank and knowing that once your coins are out of your wallet you have no way to get them back people should be even more careful with their bitcoin than they are with their fiat and yet for some reason they do not take more precautions despite knowing this information.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: AjithBtc on August 11, 2020, 06:27:04 PM
When things get related with facial identity to improve security, it means the network is losing its uniqueness. This is another form of kyc which is very strong than the identity validation using any of the identity cards. If such a scenario exist, then the decentralized operation won't be effective. Most of the users love it, because of the decentralized accessibility.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Wexnident on August 12, 2020, 12:38:11 AM
Basically saying to stop Bitcoin from being Bitcoin. Imagine adding facial recognition when people already hate KYC more than enough, enthusiasts would outrage if they ever did such a notion. Plus, such implementation is really, a pain in the ass. If you were going to use facial recognition as a form of KYC, might as well just do the normal form of KYC, with ID's and information and the like, the exchanges would then have no actual need to even implement facial recognition.

Even if you were to blame fake IDs as the reason why some can bypass the security of KYC, that's the fault of the system or the developers themselves for making a faulty one. Making a unique ID for each human being could easily resolve such dilemma imo, though that would ensure that every one of us could be basically detected, no matter where we go.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: LogitechMouse on August 12, 2020, 01:01:45 AM
If this will help reduce the number of scams in different social media platforms then this can be implemented.
The question is will the end users willing to share their information to other people especially this is a private matter.

I also doubt that this kind of thing will help reduce the number of scams in social media and I don't think that they will implement things like this. The way to prevent you from being scammed is to be vigilant, know which are scams and which are not. Make a basis in which it will help you determine a scam investment or not. Be knowledgeable.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: online73 on August 12, 2020, 02:11:09 AM
Hello to all. At first glance, this is a great idea, of course, who wants to cheat when he is already recognized in advance, because a thief always hopes that no one will recognize him. But all this is very naive. All the disadvantages are described above, but the most important thing that greatly hinders this idea is that no one is sure that this database of identifiers will not be sold by the same people who will make this system work. Of course, fraud in the cryptocurrency community is the main problem preventing more users from accepting it. But such forums exist so as not to repeat old mistakes and avoid new ones and so that the fraudster would be left without bread.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Argoo on August 12, 2020, 03:59:33 AM
This may increase security, but it's definitely not compatible with decentralisation.

We are of the same mind. I do not think these would be a good idea for facial recognition be combined with decentralization. And where does the bio metrics and data of such security tool would be directed?
In my country (Ukraine), the face recognition method is already used in practice, which even allows you to withdraw funds from a bank card and pay for goods with a "face". To do this, the "Private24" application is updated in the smartphone, the appropriate "face" payment option is selected, three selfies are taken in different angles of their face for a sample, which are linked to the application. This allows, for example, to withdraw money from a bank card even without the presence of the card itself. To do this, we go to the ATM, enter the code of our card, the selected method of verification by the person, after which the person is scanned and the cash is withdrawn. Very convenient in my opinion.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: adeandro on August 12, 2020, 02:16:32 PM
And make crypto even less decentralized? No, I think I'll pass.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: minersday on August 12, 2020, 03:10:57 PM
Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/

In as much that facial recognition adds an extra security, Bitcoin scams or Bitcoin social media scams are done via loopholes in that particular social media platform.  Hackers usually access the main servers to avoid unnecessary need for the user login details to have access to the account.  The recent twitter bitcoin scam hack was done directly to the main servers of twitter. With this kinda hack, having a facial recognition attached to your login details will not really help to avoid your account from being accessed.  The only way to solve social media bitcoin scam is people understanding that there is nothing free in this world.  Once we understand this, we will never fall for social media scams.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: akram143 on August 12, 2020, 05:09:43 PM
Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/
Facial recognition secuirty is more easier to break than the biometric like finger print sensor unlock and giving your facial recognition for social media security is utter most stupidity because in future if we use our face more more valuable things like unlocking lockers and vaults, what if someone got these data and manipulate the results and can steal your money so easily.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Mumbeeptind1963 on August 13, 2020, 07:46:29 AM
Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/
Facial recognition secuirty is more easier to break than the biometric like finger print sensor unlock and giving your facial recognition for social media security is utter most stupidity because in future if we use our face more more valuable things like unlocking lockers and vaults, what if someone got these data and manipulate the results and can steal your money so easily.
Hmmm for me facial recognition is much safer rather than passcodes or passwords because in facial recognition you have to do what the instructions tells you like for example in some app here in my country we are using passcodes then facial recognition at the same time and it's for the system to see your face, there are instructions that you should do like for example if the instruction says, you should smile and blink your eye or move your eye brows to ensure that you are the one owner of the account and not just an imposter or a picture of yours.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Emitdama on August 13, 2020, 04:45:35 PM
Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/
It’s still a good idea, because I know that they are doing all these things to protect people who are making use of Bitcoin and other cryptocurrencies, so that people will be safe and scammers won’t get off easily when they try to scam people with cryptocurrency.

But, this won’t settle well with some people here, there are those who don’t like the idea of having to give out their identity to make use of cryptocurrency, they feel that as long as it’s decentralization that we are talking about here, everyone that’s making use of it has to be anonymous.

Although what I’m wondering is how they plan to integrate facial recognition into cryptocurrency, decentralized exchanges and wallets wouldn’t be doing such thing, only the ones that are Centralized that would be able to do it. Sometimes I think there is really nothing we can do about this issue, the best we can do is to try as much as possible to educate those that are coming in newly into the market, so that they will learn to be careful and avoid scammers.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: akram143 on August 15, 2020, 09:27:21 AM
Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/
Facial recognition secuirty is more easier to break than the biometric like finger print sensor unlock and giving your facial recognition for social media security is utter most stupidity because in future if we use our face more more valuable things like unlocking lockers and vaults, what if someone got these data and manipulate the results and can steal your money so easily.
Hmmm for me facial recognition is much safer rather than passcodes or passwords because in facial recognition you have to do what the instructions tells you like for example in some app here in my country we are using passcodes then facial recognition at the same time and it's for the system to see your face, there are instructions that you should do like for example if the instruction says, you should smile and blink your eye or move your eye brows to ensure that you are the one owner of the account and not just an imposter or a picture of yours.
There are lot of videos available on the Youtube about the facial recognition devices flaws, if someone is more similar with your face also can access your device that is why using fingerprint is more secure but I will say a long password much safer than easy access using any of our body parts.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Janation on August 15, 2020, 09:54:07 AM
I agree that this is not really suitable for a decentralized cryptocurrency.

We wanted more security in order to keep Bitcoin safe from hacks, scam, and also fraud but the more we find solutions, the more we are drawn out from being a decentralized community. It all started with the KYC which we give our personal information, now there is facial recognition and maybe fingerprints which really beats us from going centralized and I don't think we need to do that. We, humans, are the vulnerable part in all of this, we just need to be careful and knowledgeable about things.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Kez1817 on August 15, 2020, 10:32:33 AM
It is a great idea and this may increase security but what about your data,will it be safe or not? Also bitcoin is decentralized if there will be a facial recognition together with KYC ,i think it will destroy the decentralization of it. Why not using a secured password with finger print it is better than facial recognition.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: coolcoinz on August 15, 2020, 11:45:08 AM
Facial recognition? How much more of your data are you willing to give up?

People who implement chips inside their bodies would say all of it.
Privacy is an important thing in my life so I wouldn't choose to use my face image instead of something simple like 2fa. You can overdo it with security just like with everything else.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: GeorgeJohn on August 15, 2020, 12:09:41 PM
This may increase security, but it's definitely not compatible with decentralisation.

Yea..it might increase security rate, accepted.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: lumeire on August 15, 2020, 12:24:12 PM
Facial recognition? How much more of your data are you willing to give up?

People who implement chips inside their bodies would say all of it.
Privacy is an important thing in my life so I wouldn't choose to use my face image instead of something simple like 2fa. You can overdo it with security just like with everything else.

Most of the people are uploading their images on social media platforms which the companies can then sell to data analytic companies which even have access to your uploaded pictures, even the ones that you have made private on your Facebook account. Now a days, there have been an option to change privacy settings on most of the social media platforms but this wasn't present before and also the custom privacy settings are set to all data sharing by default unless you edit these settings. So most of the companies that brought the data from social media companies would already be having everyone's face data.
2fa is also the option that a lot of people these days are adapting to and is a lot secure than the traditional passwords as a single barrier to your account security. With more people activating 2fa there will be a lot less account hacks in the future.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: imstillthebest on August 15, 2020, 12:51:06 PM
ill support anything as long as its beneficial to the bitcoin community . all thru the years we have a headache on scams and illegal activities , no matter what we do seems like useless because they can still penetrate  .

this facial recognition can be our final solution to help prevent this common problem that we faced on this space.  smartphones already have this , and they released it because passwords and other security option can be easily bypassed  .


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: o_e_l_e_o on August 15, 2020, 02:08:02 PM
We wanted more security in order to keep Bitcoin safe from hacks, scam, and also fraud but the more we find solutions, the more we are drawn out from being a decentralized community.
I've never once been a victim of a scam, hack, or fraud. Why? Because I don't click on random links or download random files, don't send out my KYC documents and personal information left, right, and center, don't believe in shitcoins/ICOs/doublers/Ponzis/HYIPs/etc. which promise ridiculous returns, and so on. This facial recognition nonsense is a completely over-engineered solution to what is a very simple problem to solve - have an ounce of common sense.

Now a days, there have been an option to change privacy settings on most of the social media platforms but this wasn't present before and also the custom privacy settings are set to all data sharing by default unless you edit these settings. So most of the companies that brought the data from social media companies would already be having everyone's face data.
You are kidding yourself if you think changing your Facebook privacy settings makes any difference whatsoever to your online privacy. It might stop other random Facebook users looking at your photos or your posts, but it definitely doesn't stop Facebook including those data in their profile of you, analyzing it, sharing it, and selling it. Anything you upload to Facebook, even with the most stringent privacy settings, can and will be widely shared with an unknown number of third parties.

smartphones already have this , and they released it because passwords and other security option can be easily bypassed
This is incorrect. A long and random password is exponentially more secure than facial recognition.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: wxa7115 on August 15, 2020, 07:14:26 PM
We wanted more security in order to keep Bitcoin safe from hacks, scam, and also fraud but the more we find solutions, the more we are drawn out from being a decentralized community.
I've never once been a victim of a scam, hack, or fraud. Why? Because I don't click on random links or download random files, don't send out my KYC documents and personal information left, right, and center, don't believe in shitcoins/ICOs/doublers/Ponzis/HYIPs/etc. which promise ridiculous returns, and so on. This facial recognition nonsense is a completely over-engineered solution to what is a very simple problem to solve - have an ounce of common sense.
This is a quote about common sense that I have always liked.

https://www.azquotes.com/picture-quotes/quote-if-a-man-can-have-only-one-kind-of-sense-let-him-have-common-sense-if-he-has-that-and-henry-ward-beecher-137-74-94.jpg
https://www.azquotes.com/quote/1377494

The truth is people do not really want to use their common sense, I really think that deep down they know that when they see all of those offers to multiply their money in an easy way they know that is not possible, but at the same time they want to believe it is possible and they decide it is worth a shot, at the end obviously they find out that their first impression was right but at that time there is nothing really to do except to accept the losses.



Now a days, there have been an option to change privacy settings on most of the social media platforms but this wasn't present before and also the custom privacy settings are set to all data sharing by default unless you edit these settings. So most of the companies that brought the data from social media companies would already be having everyone's face data.
You are kidding yourself if you think changing your Facebook privacy settings makes any difference whatsoever to your online privacy. It might stop other random Facebook users looking at your photos or your posts, but it definitely doesn't stop Facebook including those data in their profile of you, analyzing it, sharing it, and selling it. Anything you upload to Facebook, even with the most stringent privacy settings, can and will be widely shared with an unknown number of third parties.
This is something a little bit more difficult for people to understand, I have said that to my friends many times and I always get the same response, "I got nothing to hide", and that exasperates me, it seems that people little by little are being conditioned by Facebook and other social media networks to not care about their privacy at all and somehow make people like me the weird ones just because I do not post every single aspect of my life in a social network, and quite honestly I do not see a way to reverse this tendency.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: o_e_l_e_o on August 15, 2020, 07:41:26 PM
I have said that to my friends many times and I always get the same response, "I got nothing to hide", and that exasperates me, it seems that people little by little are being conditioned by Facebook and other social media networks to not care about their privacy at all and somehow make people like me the weird ones just because I do not post every single aspect of my life in a social network, and quite honestly I do not see a way to reverse this tendency.
Completely agree. I'll quote myself from another thread a few months ago below with some links regarding the incredibly stupid "nothing to hide" argument. Perhaps they might be of some help in showing your friends why they are incorrect.

The problem, I think, is that privacy has become a commodity to be traded, and is no longer a right to be protected. As you correctly point out, this is because of companies like Facebook and Google conditioning people to give up their privacy in return for some minor convenience or feature. Here's a handy site to stay in touch with your friends - all you have to do is tell us everything about you. Here's a handy app to recommend restaurants in your area - all you have to do is let us track your movements in real time. Here's a handy device which will let you choose which song to listen to with just your voice - all you have to do is let us record everything you say. Unfortunately, such attitudes are spilling over more and more in to crypto. Here's a handy website which will let you trade bitcoin - all you have to do is give us your name, address, email, phone number, social security number, employment history, income, a copy of your passport, a copy of your driver's license, a copy of your household bills, a selfie, facial recognition...

All these things - chatting with friends right through to trading bitcoin - can be done without compromising your privacy. Unfortunately, people generally don't care about protecting their privacy until it is completely compromised.


I don't need to spend a lot of time dismantling the "nothing to hide" argument, because (https://www.openrightsgroup.org/blog/2015/responding-to-nothing-to-hide-nothing-to-fear) it (https://ssd.eff.org/en/module/animated-overview-how-strong-encryption-can-help-avoid-online-surveillance) is (https://www.techrepublic.com/blog/it-security/why-nothing-to-hide-misrepresents-online-privacy/) already (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=998565&) widely (https://github.com/cryptoseb/CryptoPaper#let-me-explain-further) discredited (https://www.techdirt.com/articles/20130613/12180423457/if-youve-got-nothing-to-hide-youve-actually-got-plenty-to-hide.shtml). I will share one of my favorite quotes on the topic though:
Quote from: Glenn Greenwald
The old cliché is often mocked though basically true: there’s no reason to worry about surveillance if you have nothing to hide. That mindset creates the incentive to be as compliant and inconspicuous as possible: those who think that way decide it’s in their best interests to provide authorities with as little reason as possible to care about them. That’s accomplished by never stepping out of line. Those willing to live their lives that way will be indifferent to the loss of privacy because they feel that they lose nothing from it. Above all else, that’s what a Surveillance State does: it breeds fear of doing anything out of the ordinary by creating a class of meek citizens who know they are being constantly watched.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Killrbit on September 14, 2020, 10:08:22 AM
This may increase security, but it's definitely not compatible with decentralisation.

Actually it wouldn't even increase security. I think it would just open up another Avenue for scammers to take advantage of by making it easier for them to steal people's personal information.

People need to realize that Scams/frauds and conmen  have always been part of human society since time eternal. And pray on human greed/weakness/desperation. And there will never any shortage of this in any industry/technology.

The answer here is to educate people rather than change the core benfits provided by Bitcoin.



Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: DatKing on September 14, 2020, 11:46:25 AM
Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/

I agree with you. Facial recognition would add an extra security layer and people would feel safer than before. But I'm not sure about that facial recognition can be integrated into security system because of the incompatibility with the decentralized nature of cryptos. However, there is still a very good and strong security method and that is 2FA. I recommend everyone to use it. 


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Pegiz on October 03, 2020, 04:11:29 PM
It's cool that you can secure your funds in this way, but it would be justified if in reality we were talking about large amounts.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: 20kevin20 on October 03, 2020, 04:25:29 PM
Oh, come on. Facial recognition will not make people avoid SM scams. If Twitter users were fooled so many times by non-verified fake Twitter replica accounts, then I doubt they will not fall for non-facially recognized future posts.

Facial recognition is more dangerous than it sounds. You're verifying biometrical information on a server. I hardly believe there are no ways this could be wrongfully used through breaches and exploits - identity theft would pose an even higher risk. From both a security and a privacy standpoint, pushing facial recognition like this means you would not have any more credibility unless you verify yourself either - so you're basically forced to do so, if you want someone to trust you.

Those who've been fooled by all those obvious Twitter and YT scams have learned their lesson and new Bitcoin users will pop up falling for future scams as well. It's a cycle we can't put an end to, unfortunately - and we have to accept that. While I obviously agree with ideas that may help with scam detections, let's just not push for even more privacy intruding features under the name of lowering the amount of scams.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: verita1 on October 03, 2020, 05:43:16 PM
It is completely true, security could be 100% effective but a data would be created where it would be affecting privacy and decentralization. The article does not mention how to protect privacy and who will have control of the data. That would be a point against but the proposed system would solve the problem of online scammers and especially of Bitcoin and cryptocurrencies.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Coroline on October 03, 2020, 07:01:10 PM
It is completely true, security could be 100% effective but a data would be created where it would be affecting privacy and decentralization. The article does not mention how to protect privacy and who will have control of the data. That would be a point against but the proposed system would solve the problem of online scammers and especially of Bitcoin and cryptocurrencies.

Hasn't our data been on the cryptocurrency exchange all this time?
We take a small example of our lack of concern for privacy, I have a BTC wallet, then I want to sell my BTC on Binance, as a condition of transactions on Binance, we have to verify our personal data in order to withdraw, so from here our data is actually already revealed. Then is there anything that should be done to protect our privacy?


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: semobo on October 03, 2020, 07:54:15 PM
Facial recognition and biometrics will not help you to stay away from scams only common sense will do that.When you see someone offering bitcoin double schemes then it looks to good to be true so never waste your time for such airdrops and giveaways.Anyone really want you to give their hard earned money? Will you?


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Stedsm on October 03, 2020, 08:20:52 PM
There are possibilities that even facial recognition can be negatively used upto some extent and when noobs are here just for the sake of money and not interested in gathering some information before throwing their money away into scams, then they are ought to be scammed no matter if this facial recognition is in place or not. The ones who are only interested in turning into a millionaire overnight are those who fall for these scams tbh, else we aren't dogs here who bark, we come here with all the best information for noobs to be saved from getting involved into shit scam projects and non-sense airdrops.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: Clement Kaliyar on October 03, 2020, 09:26:05 PM
~
Actually it wouldn't even increase security. I think it would just open up another Avenue for scammers to take advantage of by making it easier for them to steal people's personal information.
That is true that facial recognition will not solve anything when you are holding your asset in a third person exchange as it can be manipulated if you are active in social media and if you have the habit of posting your images. Regulations and strict KYC will be a solution with second factor authentication and a good anti malware software could sort majority of the issues but what the OP is telling is a entirely different story, the only solution for that is to have common sense  :P.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: abel1337 on October 03, 2020, 10:11:13 PM
~
Actually it wouldn't even increase security. I think it would just open up another Avenue for scammers to take advantage of by making it easier for them to steal people's personal information.
That is true that facial recognition will not solve anything when you are holding your asset in a third person exchange as it can be manipulated if you are active in social media and if you have the habit of posting your images. Regulations and strict KYC will be a solution with second factor authentication and a good anti malware software could sort majority of the issues but what the OP is telling is a entirely different story, the only solution for that is to have common sense  :P.
I think a reputable exchange won't manipulate their client's data since they have a reputation to hold on and it can severely damage their reputation though there is still a risk of getting identity theft by some hackers. I also agree that facial recognition won't solve anything, It also fighting the anonymity that cryptocurrency provides. A piece of better knowledge can solve the issue, Avoiding too good to be true offerings and checking background can help yourselves to avoid these scams.


Title: Re: Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams
Post by: shield132 on October 03, 2020, 10:19:22 PM
I really can't figure out what the article is trying to say, it doesn't clearly explain the topic OP brought out.

Well facial recognition can help curb out bitcoin scams but to a mininal length, despite the fact that kyc exists bitcoin scams still persist
I'm so happy that I amn't the only one who didn't understand what's written in this article and what's the point in overall.

but if we log in exchanges or wallets using a security system with facial recognition. I strongly disagree with this, because decentralization is no longer available. Because we will no longer have privacy if facial recognition is actually realized on exchanges or wallets.
What difference does it make to centralized exchanges? If you have already completed KYC, then they already have a picture of your face, your name, address, and all your other details as well. You already have zero privacy when using these services.
Nowadays you can't be 100% anonymous. At least governments have all the info about you and there were cases when billions of people's info was leaked. For example, recently, there was hacked a databse of Election Administration of one country. All the info about everyone was available for public for a while by hackers. We aren't secured in this case, we can't trust to governments, we can't trust to banks, we can't trust to any company that has info about us. Forget it! But what you can do is to act only anonymously right now, so no one will knew that but this implementation of Facial Recognition really kills everything. Noone company cares about our privacy and I think we will endup like we all will find ourselves on black market, that's a really sad but in any way, crypto is a space that can beat that system. Not in www? Then in onion.