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Jordon Kretchmer from LiveFyre commented on Facebook comments. No wonder he does not like Facebook comments, especially because his company is also in SocialComments.
However, he raised few valid points. The visibility of Facebook comments is wider that it should be. It is based on Social graph. Your comments get displayed in your social circle as well as in the social circle of the friend / page on which you commented. I agree with Jordan that in real life you do not want your comments to be visible to every one but only to the people who are interested or who matters. In that respect, it is important to have a visibility control to the person who gives the comments. It can be based on interests , conversation thread, groups, etc.
There is another issue of about using Facebook comments in your application is who owns the data (comments). Jordon rightly asserted that Facebook wants your data. Yes, for good or bad, every one in web2.0 wants data. Today the User Generated Data(UGC) is the king. It becomes the basis of crowd intelligence, it provides insight about users preferences/tastes, it gives insight about public opinions about event/news/product/topic/subject that can be used for various purposes. These comments are the basis for Social Analytics, Social Media Monitorng as well as social medi engagement. So, not just Facebook but most of the comments sites would/should treat this data as asset. However, if any app / blog / site is using these comments sites, the app / bog / site own should get access to the complete data.