Would you trust FB with your KYC details?

[marcbitcoins]

Why not? Facebook is known legit company for so many years and their Libra coin is already gaining popularity as a future potential investment so if there is nothing to hide with our identities then i will go for KYC as it was not personally required by the Facebook itself but it was per regulation requirement by the government.

[Averim]

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

Tuff question with easy answers. Absolutely not considering the fact they have deliberately selling personal data to private companies. I simply don't trust them.

[tenebriscaelum]

Facebook already know my friends,my school details and more than my family about me. The giving the documents can be a hassle for the average investor.

That is right as long as you already use their plat for they already know all the information that they need, so why bother with KYC if they can just connect Libra to FB. As such this worries my as FB had a record of information hack and having much to much information about you if very dangerous because it can be used against you or in a shady marketing scheme. So having them manage your digital wallet can be alarming because of such records. If you are wondering what kind of information hack I am talking about just search the Cambridge Analytica data scandal.

[setialovers]

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

You should consider the number of members on Facebook. Facebook has members in almost all countries and I think Facebook has all of our data, starting with our telephone number or email address. I think Libra coin will attract a lot of investment from many people

Facebook has a lot of members in various countries but that doesn't mean if almost 100% of them will use libra and remember the blockchain system is too early to be adopted by an ordinary person with zero knowledge about that. it may be less than 10% of the total users that will try to adopt it. I remind you to put a high result as your expectation only.

Facebook has more than 2 billion members and is spread throughout the world. If 10% of its members use Libra coin to transact between members, this will result in large numbers. With Facebook, many people transact and interact easily and Libra coins make the transaction faster.

[NathanJB]

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

No, of course not! I wouldn't trust Facebook with everything. Well, I trust them as a social media. But personal information? Hell, no! Facebook does not have a clean track record in safekeeping personal information. But, in fairness to the Libra project, it is not going to be a Facebook project. I have read several times that the partnership with a good number of ultra rich companies are present. Facebook is just one member.

[sidkz]

I would not trust anyone with my documents a lot of deception and nobody can be trusted
I do not even use exchanges that require proof of identity

[elcoblast]

Why not? I trust the banks, whose services I use, my personal data. I trust some projects when I go through the verification procedure. FB has strong partners, mastercard for example, if I decide to use Libra, I will trust this project. The question will I decide.

people scared about facebook isee data leaked, they are unconscious everyday they are share their personal identity, like use bank services, and other activity.

[bitladen]

Never liked to show my KYC data to anybody, only in extreme cases I passed KYC, and in other cases I never pass KYC and in cases with FB will not

[elcoblast]

i don't care about KYC data for facebook, because Facebook already know about our detail information, and everyday we are shared our personal data like we used google and facebook, so i don't really worry about this, because our data are protection by GDPR regulation

[martychubbs]

FB has the best marketing strategy and will succeed, no matter what. They already have most of your information. It is a centralised coin so they may ask for KYC, but let’s see what happens when it comes out.

[crenfrosck]

It’s simple: if you don’t hold your private keys, you are not a legitimate owner of the wallet. Even more, you are giving your financial details to a company like FB... doesn’t sound like a good idea. You would walk on a very thin ice as you never know if you haven’t violated “Community Standards” and your wallet might be suspended for a while just when you need it the most. I would recommend standing away from it for as long as possible.

[Aryleeto]

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

In Facebook I passed kyc , and I do not think that this company will disclose your documents to 3 persons , unless of course you are not a terrorist , and are wanted.

[barabarian1]

i think, many newcomer will appear with facebook. many people dont know about bitcoin but ise facebook, and its good to spread about cryptocurrency. im think their coin will famous for middle and high society.
kyc is safe if it facebook. its better than other ico. facebook is real company, and you know where is it

[Chemcrier]

They obviously wouldn't be requesting for KYC details until they are fully launched so there is no point.. but trusting them with KYC details when they already fully launched? I think I can because Facebook already has all my details anyways.

[cichaescut]

They would leave us no choice, because Facebook already knows all your data. For sure there will be a KYC process, but in my opinion it is just a formal thing. In any case, I believe I won't use Libra, because I hate the idea of centralised tokens.

[Indymoney]

I am sure most of peoples going with negative because they have not good reputation already leaked data case and if now they are going to ask KYC then surely my reply is also in negative because I never trust them about this they can do any thing with this all and we could be in trouble.

[grosminer]

Lol @ words "trust" and "facebook" in the same sentence..

[[btc]YSG]

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

Doesn't facebook has kyc details of every of it's users already, facebook stored your IP locations, Addresses, School, Work Contacts and Families informations. What other information is left that you'll consider private enough that facebook doesn't have already ?

[EXtremeAEX]

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

No, I don't trust the Libra Coin, as those who are behind this project are not credible. By entrusting them with your personal data, you simply give them access to any of your information. And this will be used against you, in order to earn money on you as much as possible.

[Miy Monk]

FB coin can be a successful stable coin. But in question of KYC I don't trust FB. Not a little bit. As everyone knows that how they use the information of their users.