4 ms·

That's not really a 1:1 comparison. You don't go through any identify verification process, other than "First name Last name." Go on Facebook Marketplace, there

by tomlin 4y ago

That's not really a 1:1 comparison. You don't go through any identify verification process, other than "First name Last name." Go on Facebook Marketplace, there are dozens upon dozens of dup accounts solely for the purposes of evading a bad review, or to scam people outright. vs. An application process, with identification verification. While optional, would allow any one who cares about their feed to completely turn off anyone who could be a scammer or bot. I don't remember that option in Facebook. I would definitely have it turned on. Not sure how these are even remotely comparable.

hooande 4y ago
how many applications could this hypothetical process handle in a day? 100? 1000? twitter has 213 million active users. imagine if 20% of them want to get verified. it would take decades
- tomlin 4y ago
  I dunno, but coinbase is doing it pretty effectively. So it is objectively not impossible, unless you want it to be. > Coinbase has more than 89 million registered and verified users https://earthweb.com/coinbase-statistics/#:~:text=4.1)%20Related%20Reading-,Key%20Coinbase%20Statistics%202022,million%20registered%20and%20verified%20users https://earthweb.com/coinbase-statistics/#:~:text=4.1)%20Rel....
- dymk 4y ago
  There are approximately fifteen billion companies in the KYC space that provide means for automating ID verification. Very common in the financial compliance / trust & safety area of companies. Authenticate the security features on the ID? There's a company for that. Match the name / DOB on the ID against public record? Yep. Check the ID against a list of known fakes? Ezpz. Verify the format of the barcode on the back of an ID? There's another company that offers that. You get the jist.
  - shuckles 4y ago
    You are underestimating the complexity of bringing KYC to an international product which, eg, supports business accounts. If it were easy, App Store wouldn’t be inundated with fraudulent apps.

by tomlin 4y ago

hooande 4y ago

how many applications could this hypothetical process handle in a day? 100? 1000? twitter has 213 million active users. imagine if 20% of them want to get verified. it would take decades

tomlin 4y ago
I dunno, but coinbase is doing it pretty effectively. So it is objectively not impossible, unless you want it to be. > Coinbase has more than 89 million registered and verified users https://earthweb.com/coinbase-statistics/#:~:text=4.1)%20Related%20Reading-,Key%20Coinbase%20Statistics%202022,million%20registered%20and%20verified%20users https://earthweb.com/coinbase-statistics/#:~:text=4.1)%20Rel....
dymk 4y ago
There are approximately fifteen billion companies in the KYC space that provide means for automating ID verification. Very common in the financial compliance / trust & safety area of companies. Authenticate the security features on the ID? There's a company for that. Match the name / DOB on the ID against public record? Yep. Check the ID against a list of known fakes? Ezpz. Verify the format of the barcode on the back of an ID? There's another company that offers that. You get the jist.
- shuckles 4y ago
  You are underestimating the complexity of bringing KYC to an international product which, eg, supports business accounts. If it were easy, App Store wouldn’t be inundated with fraudulent apps.