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Topic: [2019-08-26] Telegram's 300 Million Users Could Soon Be Trading Bitcoin ... - page 2. (Read 361 times)

sr. member
Activity: 1008
Merit: 355

With its millions of users, even a portion of them will be interested and really use the platform for trading cryptocurrencies like Bitcoin, this can be a big potential that can be worth exploiting. We know that there are more than 300 millions using Telegram so even just 1% of them can be enticed to this offer the business volume can be a lot...and of course if we have to look long-term and if Telegram will continue on improving its infrastructure there is a big possibility that this can be a big winner. Now, there will always be problems and challenge with anything much more if a platform is dealing with cryptocurrency but if the team for the project will just prod on success can be on its way. However, it does not mean that I personally will immediately adopt into this as I prefer to also wait and see what can be.
legendary
Activity: 2170
Merit: 1427
Regarding the privacy, telegram is privacy oriented as long as they principles do not change, i will consider it cautiously pro privacy.

What principles? Social media platforms time on time again make headlines when it comes to privacy scandals. Governments must be so grateful to have these centralized pools of information they can tap into whenever they want. It's mind boggling how people can't see the danger of using these platforms.  Roll Eyes

The only good thing about this article is that it provides free advertising for Bitcoin as brand with how I expect more news outlets to pick this up.
legendary
Activity: 2016
Merit: 1107
Regarding the privacy, telegram is privacy oriented as long as they principles do not change, i will consider it cautiously pro privacy.

no it isn't

telegram servers know your phone number, and who you're talking to, even if the chat is encrypted. and considering most people just download the Google version, who knows what's really going on in that app

speaking about telegram and privacy:
https://www.zdnet.com/article/hong-kong-protesters-warn-of-telegram-feature-that-can-disclose-their-identities/

tl:dr police adds their numbers in groups and requests the list of all the phone numbers in this group
and imagine that - the most privacy oriented messenger out there sends them
think  twice before trusting mass media and articles about the most secure , privacy oriented etc.
legendary
Activity: 3430
Merit: 3080
Regarding the privacy, telegram is privacy oriented as long as they principles do not change, i will consider it cautiously pro privacy.

no it isn't

telegram servers know your phone number, and who you're talking to, even if the chat is encrypted. and considering most people just download the Google version, who knows what's really going on in that app
member
Activity: 560
Merit: 17
I think that telegram is a few levels better than Libra shitcoin.
The article states that there will be also ETH and BTC , depending on how easy it will be to use this option, this is exciting I want to see how this will pan out.

Regarding the privacy, telegram is privacy oriented as long as they principles do not change, i will consider it cautiously pro privacy.
legendary
Activity: 3430
Merit: 3080
and Telegram message servers could also be used to identify all the people making trades


you'd be pretty ignorant to do this, the only secure/private messaging system is Tox (it's p2p, like Bitcoin. Telegram is not p2p)
legendary
Activity: 2016
Merit: 1107
telegram has potential to become a platform for trading bots and wallet apps
but I don't see how can 300 millions be trading bitcoin "soon" and why? testnet app?
"Button Wallet has today unveiled what it claims is the first free cryptocurrency testing playground on the Telegram Open Network and is giving away a small number of Telegram's gram cryptocurreny to encourage adoption."
 
for this to become even somewhat feasible , there must be a trusted wallet provider first , not an unknown startup with a testnet wallet
and having a wallet =/= trading , especially between 300 million users
yet another clickbait article without any substance
legendary
Activity: 2702
Merit: 4002
"Cryptos' biggest obstacle is mass adoption and what we’ve created will help people comfortable with trading cryptocurrency without using real money," said Alex Safonov, co-founder and chief executive of Button Wallet.[/i]
How can Bitcoin testnet wallet/app help increase the number of trading Bitcoin? And why need to connect with Telegram?
Yes, there are 300 million users, but few will be interested in investing and fewer will be willing to pay some money.

Quote
"With all the fanfare surrounding Facebook’s libra digital currency, there hasn’t been a way to explore digital assets without risk, until now with Button Wallet and the Telegram Open Network," Safonov added.

I think that when Facebook launching its currency knowledge will be increased without the need to use test currencies because it will be centralized, and the registration of all data on Blockchain will make it undesirable to hackers. "Transparency and Centralization"
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
I know that Press section is being moderated really hard these days, and maybe rightly so, but I think this article by Forbes worth discussing here.



Now, crypto trading is coming to Telegram, a messaging app which boasts more than 300 million users around the world, via bitcoin and cryptocurrency wallet provider Button Wallet.

"Cryptos' biggest obstacle is mass adoption and what we’ve created will help people comfortable with trading cryptocurrency without using real money," said Alex Safonov, co-founder and chief executive of Button Wallet.


Reda more:

https://www.forbes.com/sites/billybambrough/2019/08/26/telegrams-300-million-users-could-soon-be-trading-bitcoin-and-cryptodespite-serious-security-warning/
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