iGotSpots
Legendary
 Offline
Activity: 2548
Merit: 1054
CPU Web Mining 🕸️ on webmining.io
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July 02, 2019, 09:21:55 PM |
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Lol facebook already knows far more than your KYC details about you homie
The real question is why people trusted that much with them in the first place
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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akamit
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July 02, 2019, 09:30:06 PM |
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I don't think this coin will succeed! What do you think?
I think it will succeed in the sense that they got the power, money, and support from other giants. I think their Libra service will be used as like western union, money gram but not sure about the virtual world. Lol facebook already knows far more than your KYC details about you homie
Exactly! I was also about to write the same. Facebook & Google, they know everything. Who is your present & past girlfriend, when you eat & shit, where you go, what you do online or offline etc. The fun part is we allowed them to track our privacy, activities. There will be no difference if we do KYC or whatsoever for their LIBRA imo. |
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flemmings02
Jr. Member
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Activity: 182
Merit: 2
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July 02, 2019, 09:37:31 PM |
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Facebook already has more than the basic details needed for KYC verification, It also request for ID Verification in some circumstances, so there is no need to be too conscious, whatever damages Facebook wants to do to its users, it already has enough information to do them.
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Tosyn2
Member
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Activity: 566
Merit: 10
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July 02, 2019, 09:59:20 PM |
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I wouldn't. I don't think this coin will succeed! What do you think?
I have come to realized that the fact that a bounty requires kyc does not guarantee its success or how profitable it will be. Personally, I have not been so lucky when it come to bounties with kyc and that is main reason I have decided not to go for it any longer and besides these information are too personal to just divulge anyhow. |
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Maamejane
Member
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Activity: 378
Merit: 10
Decentralized Continuous Audit& Reporting Protocol
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July 02, 2019, 10:16:50 PM |
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We could believe in this coin but trust is such huge word to give it out. Lets just try our luck with these coins and lets see what it hold for us. Sincerely lets keep our hopes not so high.
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virtualx
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July 02, 2019, 11:22:11 PM |
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Handing over your details to Facebook is like inviting doom to 'self'. The Cambridge analytica case is still very fresh in our memory. There is no telling what can happen 10,15,20 years down the line with that very data/kyc you supplied them. Please Facebook is not to be trusted!!
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Handsome Boy
Copper Member
Member
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Activity: 812
Merit: 12
I ❤ ₿itcoin and Ethereum
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July 02, 2019, 11:45:13 PM |
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in my opinion Facebook is a big company that has long been established, so I trust my detailed KYC with Facebook, it's just that I will see the benefits and functions of KYC giving on Facebook, because I will not give my KYC for something that is not important, so if Facebook wants to request KYC but has good feedback for me, then I don't mind giving my KYC to Facebook and I trust all the details of my KYC with Facebook.
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CryptoAlphaStar
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July 03, 2019, 11:08:09 AM |
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If you are a regular facebook user, they already have much more of your data than your KYC - locations, friends, etc. If you trust them with that, is the bigger problem I think.
And adding some personal documents to the list is not making much of a difference.
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caeles
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July 03, 2019, 11:26:10 AM |
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If I will use Facebook for KYC, I think all of tge details about me will be exposed which might not be good. Also, it is better to use private accounts for KYC. The use of the company's website is vetter than using FB because only the important details will be seen.
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Moiyah
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Activity: 630
Merit: 20
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July 04, 2019, 07:27:33 AM |
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I wouldn't. I don't think this coin will succeed! What do you think?
Too early to speculate that Fb coin will not succeed. And also, I am not in favor with KYC things even if facebook will gonna require it which I think would not since it is a stable coin, they will reconsider those issues like KYC thing, etc. However, we all had submitted our KYC to facebook and they have already our data stored in their system. Eventhough, I still did not want to trust it. |
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ATSgrowth
Full Member
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Activity: 924
Merit: 106
homt.net
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July 04, 2019, 07:51:42 AM |
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We in a crypto industry knows that we can not trust any third party organization. So the best move would be KYC on blockchain, like ICON solution or something that can´t be easily abused.
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farraddy
Member
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Activity: 476
Merit: 10
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July 04, 2019, 08:51:16 AM |
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FB already has millions of user data more or less complete. Additional KYC will not be a big problem for FB users if they support FB-coin of course.
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Bezobraznike
Sr. Member
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Activity: 1274
Merit: 261
★Bitvest.io★ Play Plinko or Invest!
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July 04, 2019, 09:43:07 AM |
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FB already has millions of user data more or less complete. Additional KYC will not be a big problem for FB users if they support FB-coin of course.
Exactly, they already have so many information`s about everyone, and Facebook already have implemented KYC, there are people who did that long time ago. I don`t know what will Libra look like when it`s get out, even less I know about distribution of their coin. What ever they do will be interesting for entire crypto-community that I know. Many people will learn about crypto-currencies and many people will start to use it. |
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Folajuwon56
Copper Member
Jr. Member
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Activity: 462
Merit: 1
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July 04, 2019, 10:05:26 AM |
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I never trusted any company or project with my KYC details in the past not to talk of facebook. But facebook in one way or the other already know 70% of informations about its users, So I really don't see any special thing in there KYC...
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CTRLX
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July 04, 2019, 10:10:14 AM |
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I think Facebook already have our personal information, supplying our kyc documents is only to double check it with our Facebook profiles.
The coin will succeed since Facebook is a trusted platform.
Unfortunately that’s true. I know many people trying to see good parts of this coin but somehow i still don’t trust. Maybe because it’s related with FB, it annoys me lol. But my opinion is subjective and maybe this project will succeed. I don’t even have FB now and i’m not gonna do KYC  |
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MarioV
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July 04, 2019, 10:19:06 AM |
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Facebook already knows a lot of information about you: if it also learns about your most sensitive data (financial transactions) it can put them together with everything else. And then you will be filed without a way out. Orwell was an optimist compared to this.
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Litzki1990
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July 04, 2019, 10:31:02 AM |
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No i would not trust facebook with my KYC because we do not know yet if the facebook will be success here in cryptocurrency, if my important details will be exposed here i think that is bad for me and i think i am getting many problem.
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o.ogurlu
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July 04, 2019, 10:43:15 AM |
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Facebook already has millions of users' information. Therefore, I do not think that KYC will be very important. I'm just wondering if the Libra coin will succeed or not. Libra's future is very uncertain at this stage. But my own opinion is that Libra will succeed.
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Indai24
Member
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Activity: 448
Merit: 10
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July 04, 2019, 10:57:16 AM |
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I don't have trust in kyc. Anything that requires kyc in cryptos is no, no for me. I don't even give my personal information in my Facebook. I don't care if libra is is like a paypal. I trust paypal, but not with libra.
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Sellman
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July 04, 2019, 11:02:34 AM |
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When you use Facebook, it means that you automatically accept your identities leaks, sooner or later (from what Facebook leaked their users' data). With Libra coin, you have to accept KYCs from Facebook policies to be legally and fully use that coin. Temporarily, we don't know that Libra will be accepted to launch by USA's law makers or not. It is a future story, but in case Libra legally accepted by law makers, USA congress, and so on, identities (KYCs) still be the most important reason to consider when you want to use Libra.
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