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BryanK
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July 31, 2019, 06:19:55 PM |
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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.
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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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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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Prolifik
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July 31, 2019, 06:28:59 PM |
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We learned that we can´t trust any centralized entity.
If they solve the KYC problem with a diffrent blockchain solution, like ICON that is going to create decentralized verification ID system.
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MMA Rats
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July 31, 2019, 07:13:15 PM |
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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 |
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SolarWindMiningCompany
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July 31, 2019, 07:16:10 PM |
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I wouldn't. I don't think this coin will succeed! What do you think?
Yes because it's an oxymoron to not have your KYC with Facebook. The reason why i said so is because Facebook probably has more information about us (our parents, siblings, friends and associates more than any kyc platform so there's really nothing to hide for Facebook |
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masterusd
Jr. Member
 Offline
Activity: 138
Merit: 1
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July 31, 2019, 09:09:46 PM |
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I don't trust any centralised project, the world of cryptocurrency mean privacy.
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With MUSD No risk any more.
https://bitcointalk.org/index.php?topic=5181949.0
The investors are protected.
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EdenDice
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July 31, 2019, 10:12:58 PM |
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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.
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rodel caling
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July 31, 2019, 10:32:56 PM |
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I wouldn't. I don't think this coin will succeed! What do you think?
Don't make sure that just keep wait what libra reach as new crypto coins, it's depend on how fb promote this project but very possible lubra become successful, at this moment libra is most controversial project. But I blew libra niot the competitor of bitcoin libra become under the bitcoin leadership as king of crypto and f coin can help also to promote crypto currency using fr social media. Kyc isn't a big deal for me as long as we don't make crime and we use digiltal currency in the good way no need to scared for kyc requirements. |
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pixie85
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July 31, 2019, 11:21:06 PM |
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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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EXtremeAEX
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August 01, 2019, 03:09:50 PM |
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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. |
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Krabby
Sr. Member
Offline
Activity: 644
Merit: 250
https://primedao.eth.link/#/
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August 01, 2019, 03:14:28 PM |
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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
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bitkanu
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August 01, 2019, 03:30:42 PM |
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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. Just lets be real here, most of the exchanges are requiring KYC anyway. Basically, there's nothing wrong for Libra to require KYC just like USDT because that's the norm nowadays. The essence of being anonymous with crypto has vanished since long ago. People who are not willingly to do KYC are usually suspected as money laundered and tax avoiders. Any exchange will have a hard time dealing with that and that's why KYC become the norm. |
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EXtremeAEX
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August 02, 2019, 05:31:06 PM |
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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. Just lets be real here, most of the exchanges are requiring KYC anyway. Basically, there's nothing wrong for Libra to require KYC just like USDT because that's the norm nowadays. The essence of being anonymous with crypto has vanished since long ago. People who are not willingly to do KYC are usually suspected as money laundered and tax avoiders. Any exchange will have a hard time dealing with that and that's why KYC become the norm. Yes, I agree with you that most exchanges now require KYC check. But let's not ignore the fact that NOT ALL exchanges require this. The problem lies precisely in the fact that someone who doesn't want to go through the KYC is suspected of being a criminal. But this is not true. 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. |
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poornamelessme
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August 02, 2019, 05:49:50 PM |
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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.
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rich93
Full Member
Offline
Activity: 595
Merit: 101
Chromia - Relational Blockchain
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August 02, 2019, 07:30:32 PM |
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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
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Darker45
Legendary
Offline
Activity: 2576
Merit: 1857
🙏🏼Padayon...🙏
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August 03, 2019, 12:29:44 PM |
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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. |
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jazmuzika217
Member
Offline
Activity: 476
Merit: 12
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August 03, 2019, 01:44:49 PM |
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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.
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Greatchu
Member
Offline
Activity: 490
Merit: 10
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August 03, 2019, 02:06:55 PM |
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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
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Kvalentine
Member
Offline
Activity: 504
Merit: 25
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August 03, 2019, 02:21:51 PM |
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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
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carrie_white
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August 03, 2019, 05:08:08 PM |
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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.
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cryptonewbie
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August 03, 2019, 05:39:11 PM |
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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
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