4 ms·
>In a lot of cases they'll be required to collect identity documents. This may very well be the major reason for Facebook to introduce & maintain the cryptocur
by dexen 7y ago
>In a lot of cases they'll be required to collect identity documents.
This may very well be the major reason for Facebook to introduce & maintain the cryptocurrency.
The "real name" policies were tried across the social media, with the expectations of both higher civility, and also faster, more complete build-up of personal data gathering/social graph build-out for advertising etc. The policies failed for obvious reasons.
However if Facebook was legally mandated to obtain & keep personal identification data due to handling of the cryptocurrency, and also at the same time able to track transaction of the users, it would have an unprecedented look into even more connections between people.
Tracking money shows business connections, family connections (think allowance for kids, gifts, etc.), and also social connections (think hanging out with friends, splitting bills with Venmo, etc.).
- YawningAngel 7y agoThat's never going to fly in the EU, the regular will simply insist that they keep all such data entirely separate, even if that's very impractical for them to do.
- dexen 7y ago...after 5 years of hand-wringing and investigations. By which time Facebook would have had made out like mad bandits. Plus they really can white-wash the data; as per the announcements, not only Facebook but also other major entities would hold the ledger. You can easily imagine Facebook buying (or getting for a nominal $1) processed data from the other entities. No user data would change hands, "merely" well trained AI models.
- deleted 7y ago[deleted]