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Re:Facebook Novi: Wallet for Libra Digital Currencies by mbesto on Tuesday May 26, 2020 @11:26AM (#23312311)
No shit. That's not the point.

The point is that the world's largest privacy abuser can now directly tie all of your online habits to your government issued ID.

The implications here are staggering.

Re:Facebook Novi: Wallet for Libra Digital Currencies by s3r3nity on Tuesday May 26, 2020 @11:31AM (#23312380)
This isn't a vote of support for FB, but I've said it before and it bears repeating: you are naive if you think you _can't_ do this today. There are companies doing this pretty well (ex: DMP's, or "data management platforms.")
Re:Facebook Novi: Wallet for Libra Digital Currencies by mbesto on Tuesday May 26, 2020 @11:44AM (#23312546)
Agreed, but DMPs aren't perfect, they aren't considered source of truth, and are used largely for targeting for advertising. However in this case there can be serious implications outside of simply advertising and the data integrity issues with DMPs now begins to lessen.
Re:Facebook Novi: Wallet for Libra Digital Currencies by est31 on Tuesday May 26, 2020 @12:48PM (#23313389)
To add to this, with the argument of fighting terrorism, since a while Governments around the world have been requiring phone numbers to be only given to people who identify themselves by their government issued ID.

And guess what Facebook etc. are requiring at login. Phone numbers. For security they claim, yet they send spam messages to the number.

Re:Facebook Novi: Wallet for Libra Digital Currencies by basch on Tuesday May 26, 2020 @04:26PM (#23315992)
If you are giving them your PII to verify your identity, doesn't that means they already have a PII database to compare you against?

Id be pretty shocked if anybody here had a FB account, under a pseudonym, and they actually believed they were keeping their true identity hidden from FB. If you have an account, they know who you are. Verifying your ID is a due diligence on their part to CYA.

How many people, saying they would never give info over to FB, willingly hand it over to the fintechs like Robinhood?

Re:Facebook Novi: Wallet for Libra Digital Currencies by freedomben on Tuesday May 26, 2020 @12:13PM (#23312965)
> No shit.

I think you could have gotten your point across without the rudeness. Talking to people like that creates a toxic environment.

I fully agree that there is no way I'm giving that info to FB. I noped out of running ads with them because they wanted my ID. My privacy is invaded enough by them, no thanks.

Re:Facebook Novi: Wallet for Libra Digital Currencies by sinatra on Tuesday May 26, 2020 @01:53PM (#23314264)
> I think you could have gotten your point across without the rudeness. Talking to people like that creates a toxic environment.

Thank you for calling this out. To some, this may seem like over-reaction, but only by calling even minimally rude statements out can we ensure that HN doesn't become Reddit.

Re:Facebook Novi: Wallet for Libra Digital Currencies by mbesto on Tuesday May 26, 2020 @04:29PM (#23316026)
FWIW - GP here, it wasn't intended to be rude, but more of an agreement that KYC exists but is totally besides the point. I'm sorry if it came off any other way than that.
Re:Facebook Novi: Wallet for Libra Digital Currencies by sinatra on Wednesday May 27, 2020 @09:42PM (#23332472)
Yes, I thought so (that you didn’t intend for it to be rude).
Re:Facebook Novi: Wallet for Libra Digital Currencies by weego on Tuesday May 26, 2020 @11:29AM (#23312355)
If they're regulated in the sense they're suggesting then no they can't
Re:Facebook Novi: Wallet for Libra Digital Currencies by kerng on Tuesday May 26, 2020 @04:55PM (#23316277)
With more then 99% confidence, FB, Google and Amazon, Visa, Mastercard can all do this today already.
Re:Facebook Novi: Wallet for Libra Digital Currencies by _eht on Tuesday May 26, 2020 @11:43AM (#23312538)
They are already collecting GID if you use FB for anything more than creeping these days.