I am both a Facebook addict and a MySpace user myself. However, whenever I use my Facebook account, I use it with great care. I ensure that I lock up all the sensitive materials and limit my profile in one network (in this case, it's Facebook). Facebook has many safety features that MySpace doesn't have. One major thing that MySpace doesn't have is the network feature. This network feature is an essential part to better security because you can just lock your material for network view or just friend-only view. You can even go as far as personal-view/invite-only view.
Of course there's going to be fraud. That is why usually, I only add the people who I know. I don't just add random people who wants to add me (yes, I know some friends who would just add friends just for fun). Furthermore, Facebook has the option for you to place your profile into limited profile mode, where you tell Facebook that a certain friend can only see parts of your profile.
MySpace is safer than what the media says it is. MySpace has the option for you to lock up your profile from other people, you can also choose to block a person from adding you before you even add the person on your friends list.
These networking sites have been proven quite safe, if you put their security system in good use. They provide you with the tools, but you have to be the ones who use the tools provided. They aren't going to spoon feed you.
Facebook+ Heavily secured
+ Nice interface
+ Network feature
- Not customizable
MySpace+ Can add music
+ HTML/CSS enabled
- Less security features than Facebook
- Looks ugly by default
- Acts too much like Google
xboxrulz
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