Would you trust FB with your KYC details?

[beeelzebub]

I trusted someone i dont know or just a developer to take my bounty earnings, he or she can do anything as they like so trusting facebook is not an issue..

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[zulfi125]

As you know almost every centralized exchange and also ICO requirement of KYC is compulsory, and also requirement of FATF ,so i hope FB can be trust-able.

[imstillthebest]

More and more people regularly sign up on facebook and that includes me and as a facebook user they already gained my trust because im a facebook user for over 9 years now  and with that time frame so far i dont see any suspicous things going on my account . facebook is a social platform and they will require your personal details , including phone number , selfie , name , address , etc  . i think that is more than a kyc could do   .

[joshy23]

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.

If the government required it then the business don't have anything to refuse the request, it's really tough for someone to provide KYC it's your
personal data where everything can be ruined in just a glimpse of an eye, it's needs to be reassess and wait if there's improvement that FB can
provide protecting their clients.

[MIner1448]

I try to avoid projects that require KYC, because the project can be blown away without starting, and then personal information will be walking around the Internet.

[cribusen]

This is not even a crypto currency and FB team have already confirmed this. You can forget about anonymity by using LIBRA, because if there would be any case Facebook is going to share your personal data.

[Callanta787]

No I can't trust any one with my KYC details including Facebook ,the reason why I like the Facebook coin is the impact it will create on crypto world, awareness to bitcoin and all altcoins in general ,many new people will now what crypto is at least and many will want to invest to so that's more crypto adoption

[Samboo]

As far as I know Facebook have already gotten identity details of its users. I think most of Facebook users have signed up for Facebook by providing their real identity. And I think most of the users do not mind providing their KYC information if the coin is lucrative and they think it will give them a handsome return on their investment.

[hohuan101]

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

I think so. FB is the largest social network in the world today but it is very poor. There was a lot of information that was stolen. This is a serious problem FB needs to care about.

[Augustyusuf]

i think this one is one of serious and biggest project in this year, due the name of facebook itself, also the project whos already give their support and become partnered with Libra project.

[mammoniter]

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

Well I think the moment we sign up and register in facebook, we already give then our personal information, so doing KYC with them is not actually a big deal. For sure, facebook will do everything to preserve your personal information so I think KYC is ok. The real question is, "is it worth it to buy their coins?". Do we really need facebook coin or they are just trying to ride hype.

[panjay]

why the success of FB have anything to do with KYC? it doesn't matter if they succeed or not. They still have your data, if you trust them it's ok. But considering yourself using Facebook, it doesn't matter much though.

[Zionatin]

Lol FB are greedy bastards. I wouldn't give them any more power than they already have. They will just take advantage. Look at how they change the algorithm so that pages get less exposure forcing you to spend money on ads that are extremely expensive and basically FB print out money. It costs them nothing to sell ad space and its infinite as long as FB has users and since like half the planet or whatever use it you can see the amount of power this will give them. They already drunk with power lets not have them drowning in it.

[ishirut009]

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

i fully understand that fb crypto which is libra is really not a crypto. It is like an fb token which only uses blockchain. But it is centralized and i dont think they will create something that they cannot control. Fb coin will success because fb is the number 1 apps in the whole wide world.

[therhslv]

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

i fully understand that fb crypto which is libra is really not a crypto. It is like an fb token which only uses blockchain. But it is centralized and i dont think they will create something that they cannot control. Fb coin will success because fb is the number 1 apps in the whole wide world.

It will be stable coin and ofcourse big companies will back it , so we could see marketcap close to bitcoin i guess or even more Can u imagine FB Coin will have bigger marketcap than bitcoin ? I don't think it will happen , but there is really high chance it could . Who knows maybe it will not be on Coinmarketcap or exchanges like other cryptos , maybe they will have its own where to trade it

[poodle63]

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

i fully understand that fb crypto which is libra is really not a crypto. It is like an fb token which only uses blockchain. But it is centralized and i dont think they will create something that they cannot control. Fb coin will success because fb is the number 1 apps in the whole wide world.

It will be stable coin and ofcourse big companies will back it , so we could see marketcap close to bitcoin i guess or even more Can u imagine FB Coin will have bigger marketcap than bitcoin ? I don't think it will happen , but there is really high chance it could . Who knows maybe it will not be on Coinmarketcap or exchanges like other cryptos , maybe they will have its own where to trade it

Yes libra could have a bigger market capitalization than bitcoin but it's such an undeniable fact that stablecoin like libra is an entirely different thing compared to bitcoin which is decentralized and the price fluctuates based on market's demand. There's no need to worry about that, have you seen that USDT which is stablecoin aswell is only used as a means of wealth saving.

[silver23]

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

So am I, i don't see a good development with LIBRA is have a negative issue.
LIBRA is just born and we can't take a big expectiation to be like BNB or ETH.
facebook is big company and people in the world know about that, but not in cryptocurrency.

[bravehearth0319]

Trusting Facebook is a possibility because we already trust facebook with our information and important social things. Why would we not trust the facebook coin if that is more secured that the social media platform. There's no doubt that facebook libra developer is doing everything to make the coin as secured as possible.

[ethereumhunter]

I don't trust FB with my KYC because although FB is a popular and famous website, I don't trust them and I think they can do whatever they want with our data. Besides that, there is no guarantee for us to see FB can protect the customer data, and we need to be careful to send any document to them. It is better not to use our real document to get verified because when the data was sent to the internet, we don't know what will happen later.

[alrose]

Apparently Facebook wants total control.They even manage to launch an application that will openly collect all the necessary information and as a reward to pay its users.Read this article and maybe Facebook will not get a huge success:https://www.theguardian.com/technology/2019/jun/11/facebook-user-data-app-privacy-study