Facial Recognition Can Help to Come Out from Bitcoin Social Media Scams

[LogitechMouse]

If this will help reduce the number of scams in different social media platforms then this can be implemented.
The question is will the end users willing to share their information to other people especially this is a private matter.

I also doubt that this kind of thing will help reduce the number of scams in social media and I don't think that they will implement things like this. The way to prevent you from being scammed is to be vigilant, know which are scams and which are not. Make a basis in which it will help you determine a scam investment or not. Be knowledgeable.

[online73]

Hello to all. At first glance, this is a great idea, of course, who wants to cheat when he is already recognized in advance, because a thief always hopes that no one will recognize him. But all this is very naive. All the disadvantages are described above, but the most important thing that greatly hinders this idea is that no one is sure that this database of identifiers will not be sold by the same people who will make this system work. Of course, fraud in the cryptocurrency community is the main problem preventing more users from accepting it. But such forums exist so as not to repeat old mistakes and avoid new ones and so that the fraudster would be left without bread.

[Argoo]

This may increase security, but it's definitely not compatible with decentralisation.

We are of the same mind. I do not think these would be a good idea for facial recognition be combined with decentralization. And where does the bio metrics and data of such security tool would be directed?

In my country (Ukraine), the face recognition method is already used in practice, which even allows you to withdraw funds from a bank card and pay for goods with a "face". To do this, the "Private24" application is updated in the smartphone, the appropriate "face" payment option is selected, three selfies are taken in different angles of their face for a sample, which are linked to the application. This allows, for example, to withdraw money from a bank card even without the presence of the card itself. To do this, we go to the ATM, enter the code of our card, the selected method of verification by the person, after which the person is scanned and the cash is withdrawn. Very convenient in my opinion.

[adeandro]

And make crypto even less decentralized? No, I think I'll pass.

[minersday]

Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/

In as much that facial recognition adds an extra security, Bitcoin scams or Bitcoin social media scams are done via loopholes in that particular social media platform.  Hackers usually access the main servers to avoid unnecessary need for the user login details to have access to the account.  The recent twitter bitcoin scam hack was done directly to the main servers of twitter. With this kinda hack, having a facial recognition attached to your login details will not really help to avoid your account from being accessed.  The only way to solve social media bitcoin scam is people understanding that there is nothing free in this world.  Once we understand this, we will never fall for social media scams.

[akram143]

Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/

Facial recognition secuirty is more easier to break than the biometric like finger print sensor unlock and giving your facial recognition for social media security is utter most stupidity because in future if we use our face more more valuable things like unlocking lockers and vaults, what if someone got these data and manipulate the results and can steal your money so easily.

[Mumbeeptind1963]

Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/

Facial recognition secuirty is more easier to break than the biometric like finger print sensor unlock and giving your facial recognition for social media security is utter most stupidity because in future if we use our face more more valuable things like unlocking lockers and vaults, what if someone got these data and manipulate the results and can steal your money so easily.

Hmmm for me facial recognition is much safer rather than passcodes or passwords because in facial recognition you have to do what the instructions tells you like for example in some app here in my country we are using passcodes then facial recognition at the same time and it's for the system to see your face, there are instructions that you should do like for example if the instruction says, you should smile and blink your eye or move your eye brows to ensure that you are the one owner of the account and not just an imposter or a picture of yours.

[Emitdama]

Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/

It’s still a good idea, because I know that they are doing all these things to protect people who are making use of Bitcoin and other cryptocurrencies, so that people will be safe and scammers won’t get off easily when they try to scam people with cryptocurrency.

But, this won’t settle well with some people here, there are those who don’t like the idea of having to give out their identity to make use of cryptocurrency, they feel that as long as it’s decentralization that we are talking about here, everyone that’s making use of it has to be anonymous.

Although what I’m wondering is how they plan to integrate facial recognition into cryptocurrency, decentralized exchanges and wallets wouldn’t be doing such thing, only the ones that are Centralized that would be able to do it. Sometimes I think there is really nothing we can do about this issue, the best we can do is to try as much as possible to educate those that are coming in newly into the market, so that they will learn to be careful and avoid scammers.

[akram143]

Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/

Facial recognition secuirty is more easier to break than the biometric like finger print sensor unlock and giving your facial recognition for social media security is utter most stupidity because in future if we use our face more more valuable things like unlocking lockers and vaults, what if someone got these data and manipulate the results and can steal your money so easily.

Hmmm for me facial recognition is much safer rather than passcodes or passwords because in facial recognition you have to do what the instructions tells you like for example in some app here in my country we are using passcodes then facial recognition at the same time and it's for the system to see your face, there are instructions that you should do like for example if the instruction says, you should smile and blink your eye or move your eye brows to ensure that you are the one owner of the account and not just an imposter or a picture of yours.

There are lot of videos available on the Youtube about the facial recognition devices flaws, if someone is more similar with your face also can access your device that is why using fingerprint is more secure but I will say a long password much safer than easy access using any of our body parts.

[Janation]

I agree that this is not really suitable for a decentralized cryptocurrency.

We wanted more security in order to keep Bitcoin safe from hacks, scam, and also fraud but the more we find solutions, the more we are drawn out from being a decentralized community. It all started with the KYC which we give our personal information, now there is facial recognition and maybe fingerprints which really beats us from going centralized and I don't think we need to do that. We, humans, are the vulnerable part in all of this, we just need to be careful and knowledgeable about things.

[Kez1817]

It is a great idea and this may increase security but what about your data,will it be safe or not? Also bitcoin is decentralized if there will be a facial recognition together with KYC ,i think it will destroy the decentralization of it. Why not using a secured password with finger print it is better than facial recognition.

[coolcoinz]

Facial recognition? How much more of your data are you willing to give up?

People who implement chips inside their bodies would say all of it.
Privacy is an important thing in my life so I wouldn't choose to use my face image instead of something simple like 2fa. You can overdo it with security just like with everything else.

[GeorgeJohn]

This may increase security, but it's definitely not compatible with decentralisation.

Yea..it might increase security rate, accepted.

[lumeire]

Facial recognition? How much more of your data are you willing to give up?

People who implement chips inside their bodies would say all of it.
Privacy is an important thing in my life so I wouldn't choose to use my face image instead of something simple like 2fa. You can overdo it with security just like with everything else.

Most of the people are uploading their images on social media platforms which the companies can then sell to data analytic companies which even have access to your uploaded pictures, even the ones that you have made private on your Facebook account. Now a days, there have been an option to change privacy settings on most of the social media platforms but this wasn't present before and also the custom privacy settings are set to all data sharing by default unless you edit these settings. So most of the companies that brought the data from social media companies would already be having everyone's face data.
2fa is also the option that a lot of people these days are adapting to and is a lot secure than the traditional passwords as a single barrier to your account security. With more people activating 2fa there will be a lot less account hacks in the future.

[imstillthebest]

ill support anything as long as its beneficial to the bitcoin community . all thru the years we have a headache on scams and illegal activities , no matter what we do seems like useless because they can still penetrate  .

this facial recognition can be our final solution to help prevent this common problem that we faced on this space.  smartphones already have this , and they released it because passwords and other security option can be easily bypassed  .

[o_e_l_e_o]

We wanted more security in order to keep Bitcoin safe from hacks, scam, and also fraud but the more we find solutions, the more we are drawn out from being a decentralized community.

I've never once been a victim of a scam, hack, or fraud. Why? Because I don't click on random links or download random files, don't send out my KYC documents and personal information left, right, and center, don't believe in shitcoins/ICOs/doublers/Ponzis/HYIPs/etc. which promise ridiculous returns, and so on. This facial recognition nonsense is a completely over-engineered solution to what is a very simple problem to solve - have an ounce of common sense.

Now a days, there have been an option to change privacy settings on most of the social media platforms but this wasn't present before and also the custom privacy settings are set to all data sharing by default unless you edit these settings. So most of the companies that brought the data from social media companies would already be having everyone's face data.

You are kidding yourself if you think changing your Facebook privacy settings makes any difference whatsoever to your online privacy. It might stop other random Facebook users looking at your photos or your posts, but it definitely doesn't stop Facebook including those data in their profile of you, analyzing it, sharing it, and selling it. Anything you upload to Facebook, even with the most stringent privacy settings, can and will be widely shared with an unknown number of third parties.

smartphones already have this , and they released it because passwords and other security option can be easily bypassed

This is incorrect. A long and random password is exponentially more secure than facial recognition.

[wxa7115]

We wanted more security in order to keep Bitcoin safe from hacks, scam, and also fraud but the more we find solutions, the more we are drawn out from being a decentralized community.

I've never once been a victim of a scam, hack, or fraud. Why? Because I don't click on random links or download random files, don't send out my KYC documents and personal information left, right, and center, don't believe in shitcoins/ICOs/doublers/Ponzis/HYIPs/etc. which promise ridiculous returns, and so on. This facial recognition nonsense is a completely over-engineered solution to what is a very simple problem to solve - have an ounce of common sense.

This is a quote about common sense that I have always liked.


https://www.azquotes.com/quote/1377494

The truth is people do not really want to use their common sense, I really think that deep down they know that when they see all of those offers to multiply their money in an easy way they know that is not possible, but at the same time they want to believe it is possible and they decide it is worth a shot, at the end obviously they find out that their first impression was right but at that time there is nothing really to do except to accept the losses.

Now a days, there have been an option to change privacy settings on most of the social media platforms but this wasn't present before and also the custom privacy settings are set to all data sharing by default unless you edit these settings. So most of the companies that brought the data from social media companies would already be having everyone's face data.

You are kidding yourself if you think changing your Facebook privacy settings makes any difference whatsoever to your online privacy. It might stop other random Facebook users looking at your photos or your posts, but it definitely doesn't stop Facebook including those data in their profile of you, analyzing it, sharing it, and selling it. Anything you upload to Facebook, even with the most stringent privacy settings, can and will be widely shared with an unknown number of third parties.

This is something a little bit more difficult for people to understand, I have said that to my friends many times and I always get the same response, "I got nothing to hide", and that exasperates me, it seems that people little by little are being conditioned by Facebook and other social media networks to not care about their privacy at all and somehow make people like me the weird ones just because I do not post every single aspect of my life in a social network, and quite honestly I do not see a way to reverse this tendency.

[o_e_l_e_o]

I have said that to my friends many times and I always get the same response, "I got nothing to hide", and that exasperates me, it seems that people little by little are being conditioned by Facebook and other social media networks to not care about their privacy at all and somehow make people like me the weird ones just because I do not post every single aspect of my life in a social network, and quite honestly I do not see a way to reverse this tendency.

Completely agree. I'll quote myself from another thread a few months ago below with some links regarding the incredibly stupid "nothing to hide" argument. Perhaps they might be of some help in showing your friends why they are incorrect.

The problem, I think, is that privacy has become a commodity to be traded, and is no longer a right to be protected. As you correctly point out, this is because of companies like Facebook and Google conditioning people to give up their privacy in return for some minor convenience or feature. Here's a handy site to stay in touch with your friends - all you have to do is tell us everything about you. Here's a handy app to recommend restaurants in your area - all you have to do is let us track your movements in real time. Here's a handy device which will let you choose which song to listen to with just your voice - all you have to do is let us record everything you say. Unfortunately, such attitudes are spilling over more and more in to crypto. Here's a handy website which will let you trade bitcoin - all you have to do is give us your name, address, email, phone number, social security number, employment history, income, a copy of your passport, a copy of your driver's license, a copy of your household bills, a selfie, facial recognition...

All these things - chatting with friends right through to trading bitcoin - can be done without compromising your privacy. Unfortunately, people generally don't care about protecting their privacy until it is completely compromised.

I don't need to spend a lot of time dismantling the "nothing to hide" argument, because it is already widely discredited. I will share one of my favorite quotes on the topic though:

The old cliché is often mocked though basically true: there’s no reason to worry about surveillance if you have nothing to hide. That mindset creates the incentive to be as compliant and inconspicuous as possible: those who think that way decide it’s in their best interests to provide authorities with as little reason as possible to care about them. That’s accomplished by never stepping out of line. Those willing to live their lives that way will be indifferent to the loss of privacy because they feel that they lose nothing from it. Above all else, that’s what a Surveillance State does: it breeds fear of doing anything out of the ordinary by creating a class of meek citizens who know they are being constantly watched.

[Killrbit]

This may increase security, but it's definitely not compatible with decentralisation.

Actually it wouldn't even increase security. I think it would just open up another Avenue for scammers to take advantage of by making it easier for them to steal people's personal information.

People need to realize that Scams/frauds and conmen  have always been part of human society since time eternal. And pray on human greed/weakness/desperation. And there will never any shortage of this in any industry/technology.

The answer here is to educate people rather than change the core benfits provided by Bitcoin.

[DatKing]

Facial recognition can help forestall future Bitcoin (BTC) tricks like those that hit Twitter and YouTube, said Rod Hsu, president, and fellow benefactor of the virtual cash stage Coincurve.

https://www.currencytimes.co.in/facial-recognition-can-help-from-bitcoin/

I agree with you. Facial recognition would add an extra security layer and people would feel safer than before. But I'm not sure about that facial recognition can be integrated into security system because of the incompatibility with the decentralized nature of cryptos. However, there is still a very good and strong security method and that is 2FA. I recommend everyone to use it.