Facebook’s Libra cryptocurrency: Privacy and stability concerns

Re:Facebook’s Libra cryptocurrency: Privacy and stability co... by buboard on Monday June 17, 2019 @05:33PM (#20207604)

Well no, facebook has pretty good security. 50 Mil stolen credentials in 15 years out of what is probably more than ten billion accounts is nothing.

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Re:Facebook’s Libra cryptocurrency: Privacy and stability co... by root_axis on Monday June 17, 2019 @05:39PM (#20207650)

https://www.cbsnews.com/news/millions-facebook-user-records-...

I'm guessing your response will be that it wasn't Facebook's fault.

I would also note that there aren't even 10 billion people living on earth, so it sounds like you're just making stuff up.

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Re:Facebook’s Libra cryptocurrency: Privacy and stability co... by buboard on Monday June 17, 2019 @06:27PM (#20207967)

you 'll notice in that article that it wasn't facebook's servers that were breached. Also facebook has probably way more accounts than humans, i think just recently they deleted 3 billion fake ones. Regardless, imho from many years working with their platform, they do take security seriously and they ve helped to popularize methods for securing accounts and passwords.

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Re:Facebook’s Libra cryptocurrency: Privacy and stability co... by root_axis on Monday June 17, 2019 @07:21PM (#20208278)

> you 'll notice in that article that it wasn't facebook's servers that were breached

A distinction without a difference. If Facebook's security policy permits PII to be moved into insecure systems then Facebook itself is insecure.

Here's another:

https://www.businessinsider.com/facebook-uploaded-1-5-millio...

Yeah. 1.5 million, who cares right? No big deal. This is clearly a pattern, not an isolated incident.

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Re:Facebook’s Libra cryptocurrency: Privacy and stability co... by buboard on Monday June 17, 2019 @09:37PM (#20209087)

this is a privacy issue, but their security is still pretty good, relative to the staggering size of the users and data they hold.

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Re:Facebook’s Libra cryptocurrency: Privacy and stability co... by root_axis on Monday June 17, 2019 @10:00PM (#20209182)

> still pretty good, relative to the staggering size of the users and data they hold.

Hundreds of millions of exposed users is not "pretty good", it's objectively horrible.

> this is a privacy issue

It is a privacy issue but primarily a security issue since the scandal is that the data was unintentionally leaked, not that it was shared with a 3rd party.

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Re:Facebook’s Libra cryptocurrency: Privacy and stability co... by grey-area on Tuesday June 18, 2019 @12:52AM (#20209885)

Regardless, imho from many years working with their platform

It is difficult to get a man to understand something, when his salary depends on his not understanding it.

Upton Sinclair

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Re:Facebook’s Libra cryptocurrency: Privacy and stability co... by buboard on Tuesday June 18, 2019 @08:04AM (#20212081)

nah i wish that was the case

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Re:Facebook’s Libra cryptocurrency: Privacy and stability co... by kerng on Monday June 17, 2019 @11:24PM (#20209536)

Normalization of Deviance at its finest- 50 million (and over time and aggregated its been way more) is not something to be proud of, rather the opposite CSO, maybe even CEO should have resigned for how frequent they have breaches and "bugs".

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