[2018-05-14] Facebook reportedly wants to create its own cryptocurrency!

Thadeous

copper member

Activity: 588

Merit: 17

Quote from: dark1234 on May 14, 2018, 05:41:01 PM

Quote from: Fatunad on May 14, 2018, 05:23:07 PM

Quote from: jjacob on May 14, 2018, 10:46:56 AM

Quote from: Thadeous on May 14, 2018, 06:38:48 AM

Facebook reportedly wants to create its own cryptocurrency

Earlier rumors indicated the social media giant was researching blockchain.
Now it looks like that's for a payment system.

Source: https://www.cnet.com/news/facebook-reportedly-looking-to-get-into-cryptocurrency/

Facebook certainly doesn't need to raise money through an ICO for development. Evn if Facebook does issue a cryptocurrency, it would be the equivalent of fiat on Facebook and would probably be spendable only for Facebook advertisements. Who would be interested in buying a currency like that?

They wont really need to raise an ICO since the can able to support it with their own funds and develop those tokens to be used into their own service. I dont know why this thing being called as a cryptocurrency.I would rather treat nothing different into fiat itself.These news isnt rumors which if the information had been leaked out then high chance that they would really proceed on what they do plan but well i dont really consider this as a special thing.

if indeed this happens .....
we take a positive attitude that facebook receive crypto so there will be a positive value on facebook that can lift bitcoin value and maybe ICO ads will be allowed back

There is a big chance that Facebook marketologists scan potential market, trowing out such news.

dark1234

full member

Activity: 1134

Merit: 167

Quote from: Fatunad on May 14, 2018, 05:23:07 PM

Quote from: jjacob on May 14, 2018, 10:46:56 AM

Quote from: Thadeous on May 14, 2018, 06:38:48 AM

Facebook reportedly wants to create its own cryptocurrency

Earlier rumors indicated the social media giant was researching blockchain.
Now it looks like that's for a payment system.

Source: https://www.cnet.com/news/facebook-reportedly-looking-to-get-into-cryptocurrency/

Facebook certainly doesn't need to raise money through an ICO for development. Evn if Facebook does issue a cryptocurrency, it would be the equivalent of fiat on Facebook and would probably be spendable only for Facebook advertisements. Who would be interested in buying a currency like that?

They wont really need to raise an ICO since the can able to support it with their own funds and develop those tokens to be used into their own service. I dont know why this thing being called as a cryptocurrency.I would rather treat nothing different into fiat itself.These news isnt rumors which if the information had been leaked out then high chance that they would really proceed on what they do plan but well i dont really consider this as a special thing.

if indeed this happens .....
we take a positive attitude that facebook receive crypto so there will be a positive value on facebook that can lift bitcoin value and maybe ICO ads will be allowed back

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: jjacob on May 14, 2018, 10:46:56 AM

Quote from: Thadeous on May 14, 2018, 06:38:48 AM

Facebook reportedly wants to create its own cryptocurrency

Earlier rumors indicated the social media giant was researching blockchain.
Now it looks like that's for a payment system.

Source: https://www.cnet.com/news/facebook-reportedly-looking-to-get-into-cryptocurrency/

Facebook certainly doesn't need to raise money through an ICO for development. Evn if Facebook does issue a cryptocurrency, it would be the equivalent of fiat on Facebook and would probably be spendable only for Facebook advertisements. Who would be interested in buying a currency like that?

They wont really need to raise an ICO since the can able to support it with their own funds and develop those tokens to be used into their own service. I dont know why this thing being called as a cryptocurrency.I would rather treat nothing different into fiat itself.These news isnt rumors which if the information had been leaked out then high chance that they would really proceed on what they do plan but well i dont really consider this as a special thing.

DooMAD

legendary

Activity: 3948

Merit: 3191

Leave no FUD unchallenged

Even if it does happen, if people are imagining this like it's going to be something they can daytrade on an exchange, be prepared for disappointment. I think the idea they were going with is that they want users to be able to send money to each other through Messenger. Chances are, you'll only be able to withdraw directly to a verified bank account. There won't be any "trading" in the way crypto users are expecting. There won't be external wallet software. You won't have any private keys. Whatever their currency ends up being called, I don't think we're the target audience of these "facebucks", assuming they even do it at all.

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

If they do, it will be a centralized cryptocurrency which is a useless and not worth to invest with IMO since the government will not tolerate it and especially if it's from facebook.

Quote from: jjacob on May 14, 2018, 10:46:56 AM

Facebook certainly doesn't need to raise money through an ICO for development. Evn if Facebook does issue a cryptocurrency, it would be the equivalent of fiat on Facebook and would probably be spendable only for Facebook advertisements. Who would be interested in buying a currency like that?

It's better not to be called a cryptocurrency that's not what crypto designed.

Thadeous

copper member

Activity: 588

Merit: 17

Quote from: Slow death on May 14, 2018, 10:58:54 AM

title: " Facebook wants to create its own cryptocurrency! "

then we have this: " Facebook reportedly wants to create its own cryptocurrency "

Quote from: Thadeous on May 14, 2018, 06:38:48 AM

Facebook reportedly wants to create its own cryptocurrency

Earlier rumors indicated the social media giant was researching blockchain.
Now it looks like that's for a payment system.

and then we have this:

Quote from: https://www.cnet.com/news/facebook-reportedly-looking-to-get-into-cryptocurrency/

"Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology," said a Facebook representative in an emailed statement. "This new small team will be exploring many different applications. We don't have anything further to share."

This is a joke, right? Where the hell facebook said they are creating their own crypto? Where do they say that? Why post rumors? we must have serious news and not rumors

The topic title renamed properly, thanks.

Concerning rumors: crypto space is full of such, and many of them directly affect coin prices daily.
Also this one was already mentioned by Cointelegraph and Forbes today.

Slow death

legendary

Activity: 3164

Merit: 1127

Leading Crypto Sports Betting & Casino Platform

title: " Facebook wants to create its own cryptocurrency! "

then we have this: " Facebook reportedly wants to create its own cryptocurrency "

Quote from: Thadeous on May 14, 2018, 06:38:48 AM

Facebook reportedly wants to create its own cryptocurrency

Earlier rumors indicated the social media giant was researching blockchain.
Now it looks like that's for a payment system.

and then we have this:

Quote from: https://www.cnet.com/news/facebook-reportedly-looking-to-get-into-cryptocurrency/

"Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology," said a Facebook representative in an emailed statement. "This new small team will be exploring many different applications. We don't have anything further to share."

This is a joke, right? Where the hell facebook said they are creating their own crypto? Where do they say that? Why post rumors? we must have serious news and not rumors

jjacob

legendary

Activity: 1554

Merit: 1026

★Nitrogensports.eu★

Quote from: Thadeous on May 14, 2018, 06:38:48 AM

Facebook reportedly wants to create its own cryptocurrency

Earlier rumors indicated the social media giant was researching blockchain.
Now it looks like that's for a payment system.

Source: https://www.cnet.com/news/facebook-reportedly-looking-to-get-into-cryptocurrency/

Facebook certainly doesn't need to raise money through an ICO for development. Evn if Facebook does issue a cryptocurrency, it would be the equivalent of fiat on Facebook and would probably be spendable only for Facebook advertisements. Who would be interested in buying a currency like that?

Thadeous

copper member

Activity: 588

Merit: 17

Facebook reportedly wants to create its own cryptocurrency

Earlier rumors indicated the social media giant was researching blockchain.
Now it looks like that's for a payment system.

Source: https://www.cnet.com/news/facebook-reportedly-looking-to-get-into-cryptocurrency/

Topic: [2018-05-14] Facebook reportedly wants to create its own cryptocurrency! (Read 136 times)