Would you trust FB with your KYC details?

[Sithara007]

You guys are honestly naive if you think facebook doesn't know who you are. They don't need to do KYC, you already gave them more personal information than what they can get from your ID. They know your friends, families, topics you're interested in, location, and much, much more.

Not really. FB only know about you from the information that you chose to feed. For my part, I have never used my phone number or regular email ID for registering for Facebook. But you may be right in certain aspects. They can get information about location, IPs, friends/family.etc. But that is different from knowing your social security number or having access to the tax returns.

[MisterLangley]

And I was also the first time how the coin this time succeeded or not, but after all, thinking like normal, if the problem is sure, yes, I am still convinced, but the point of thinking is not to expect the results of the coin anymore
 

[DGulari]

I wouldn't. I don't think this coin will succeed! What do you think?

I think facebook users information has been leaked before. So i don't know if i can trust it anymore or not.
If i know the company project is good, then i won't doubt to send my KYC details to them.
The promising ICO project in cryptocurrency is existing, but only few.

When information on facebook have been leaked? As long as you didn't give your detailed information on fb, you should't worry your ID will be leaked
Libra coin which in facebook isn't an ICO or something like that.

[judeafante]

I wouldn't. I don't think this coin will succeed! What do you think?

There is a US intervention and they are going to investigate this issue, I prefer to wait for the outcome of the investigation, I'm sure they will ask for KYC because it is very prevalent among new coins but I doubt if they are going to do crowd sales for the public hopefully they will do an airdrop.

[libert19]

If fb can succeed with all data mining they do on users then surely their cryptocurrency can succeed as well.

[stadus]

for the kyc problem on facebook I'm not sure to entrust it completely because it seems that security is still not guaranteed, so I only fill in my full name and original email, but not for other data because it seems that there will be more data leaks like those already passed.

If I can trust an exchange, why I would not trust facebook, they are getting into this business being compliant to government regulation and they have a lot to loss in case they mess up, so I would not doubt trusting them, I'll be compliant to KYC 100% in case they demand it.

[EdenHazard]

for the kyc problem on facebook I'm not sure to entrust it completely because it seems that security is still not guaranteed, so I only fill in my full name and original email, but not for other data because it seems that there will be more data leaks like those already passed.

Your full name and your original email has enough for other people to know who you are. Just simple, they can find you in the social media. Put your name on the search board and match your original email then they will know you. Moreover if you put your data on libra coin it will be easy for them to know who you are. Social media has been cheating us about KYC, most of them need our real identity even about what we like will be known by them.

[Roukawa]

By just creating an account in FB, you are already entrusting them your KYC. FB knows it all, your internet habit and your personal info. Those data are what they sell to advertisers.

[b3llsf1l3s]

If you already have Facebook and I think 95% of the majority here must have it, then I guess they don't need what we often call KYC anymore. The data registered for Facebook is more than the KYC itself.

[sowns]

TBH I would trust them with my details but that’s because I’ve already got an account on there so I’m not sending anything new.

[styca]

As it's Facebook, they probably know who you are anyway even before you give them KYC information. But no, I wouldn't trust them and I don't think anyone should trust them. They have a history of abusing trust and abusing private personal data.

[StatesManG]

I wouldn't. I don't think this coin will succeed! What do you think?

I wouldn't have problems with submitting my kyc to the Facebook libra coin project but I really don't see their point of asking for kyc when they've almost all the data's they need in your Facebook account.  Well I sure they would want to follow compliance and let's see how it goes then

[escalante28]

I don't think facebook need us to do the KYC for libra, they know everything about us even our small details. They can track us easily, so what will be the use of KYC?

If they are going to ask the KYC for each participant who is willing to invest in their Libra maybe I'll be going to do my own research first of how will libra benefits me. And if I found that is good, why not?

[Pumapipa]

Putting the data breach incident in the past years aside, I will still have the trust to give Facebook my data. Why? because they have been in the industry for quite some time now and just like apple and Microsoft they are continuing and learning from their past mistakes regarding the storage and security of our data.

[Kocret02]

I wouldn't. I don't think this coin will succeed! What do you think?

I think KYC only for your personal data will not be published and Facebook will keep it a secret. for coin problems I think I will hope that the fb coin can be successful in cryptocurrency like other coins.

[Cnut237]

Facebook will keep it a secret.

I wouldn't trust Facebook with anything. Their business model is based on extracting and monetising our personal data. Libra is another step on the path towards FB knowing everything we do. Look at their history of privacy abuses and meddling in curated newsfeeds and influencing government elections.

I remember when Facebook, Google, Amazon etc were regarded as cool new companies that would be different to the evil capitalist corporations that ran the world. That time has long passed, these companies are just as evil as their predecessors. Everything is money. They have no noble aims.

[sana54210]

I wouldn't. I don't think this coin will succeed! What do you think?

Of course it will succeed, they have not even released the project, their hype is already high, even if people don’t know what the project will be like in future, there are millions of people that are already willing to give it a try because of Facebook’s popularity.

When I saw the headline this morning, I thought Facebook had launched and my heart skipped a little, thinking I would have missed out, and then I learnt it won’t be released till next year. KYC or no KYC, Facebook will succeed, what more KYC details does Facebook need that they don’t already have, they have over a billion users already registered on their platform with their KYC done already, so talking of KYC now is really insignificant.

[Ezio_Auditore]

I wouldn't. I don't think this coin will succeed! What do you think?

I do not trust anyone with my personal data and bypass any projects that require to pass the KYC procedure. The coin which decided to launch a Facebook, I initially did not trust. I will not buy it and will not cooperate with them. They most cried about the ban cryptocurrencies on their pages. Now themselves launch. I don't.

[miklesm]

I think everyone heard of Facebook data leaks, so they need to do their best to avoid such occasions in the future. I think KYC details will only be available in case of governmental requests.

[guoyu78]

I wouldn't.

I would, I have a facebook account with my real information on it, so no reason for me not to trust their crypto project.

I don't think this coin will succeed! What do you think?

I think of the opposite, if small names succeeded in crypto, how much more this big name, they will be hype and people are looking for a good investment where they think will be safe, Facebook has reputation, they would trust on it.

There is absolutely no Facebook user that will even be worried over Facebook KYC requirement because like you said, they already have the details through their registrations, and this is one of the reason why I believe they will succeed, everyone concerned with the coin, or that hears about the coin, are already members of Facebook community.

The only action that will be required is just for them to participate in the project by buying the coin. The only thing I am still not completely sure of is if the project will be good for investment, if not, this might limit their success a bit, because most crypto users are more interested in the investment aspect of it to the utility part of it.