Barclays: ‘Facebook Coin’ to bring in $19 billion by 2021 - page 2.

boyptc

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Quote from: viralmetaphore on April 18, 2019, 12:55:57 PM

Facebook do not respect your privacy and they are planning some "Facebook Coin" under blockchain technology what's this ? Roll Eyes

Money raising for their other project they'll conduct.

And with the use of facebook coin, they can sustain the budget of that project. While people will be hype on this because it is facebook, they don't care about data privacy.

viralmetaphore

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Facebook do not respect your privacy and they are planning some "Facebook Coin" under blockchain technology what's this ? Roll Eyes

jjjfff

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A centralized token run by a corporation. How is this different from buying an ad voucher from Facebook?

It's essentially a clever way to get cheap funding from those who buy the initial launch in cash.

Indamuck

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Quote from: Vishnu.Reang on April 18, 2019, 10:54:07 AM

Quote from: Bitcoin-Turkiye on March 15, 2019, 02:26:40 PM

now i buying facebook stock. but how do we get this facebook coin when? Frankly, I don't trust Mark Zuckerberg. how can I trust a person who sells people's data? they will inflate the price of facebookcoin themselves. The goal is to collect all people's money...

Buying the Facebook stock may not be a wise decision now. I will tell you what I think. Facebook has reached its saturation point and many of its users are shifting to other channels such as Reddit and Insta. I am afraid that FB will eventually end up like Orkut.

Facebook owns Instagram and they end up buying any other platform that threatens their dominance. Facebook has become too powerful and can be considered a monopoly.

I have gotten sick of Reddit because of the over censorship and the paid trolls that have infested that platform.

binhvo1505

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Quote from: Unblock_news on March 13, 2019, 10:25:44 PM

A Barclays analyst said that Facebook’s digital coin would provide the social network platform a “lifeline” if investments stop flowing in.

Full article here: https://www.unblock.news/news/barclays-facebook-coin-to-bring-in-19-billion-by-2021

It absolutely can happen. Facebook is really trying to make the biggest whale in the crypto market and manipulating all coins currently available in crypto market.
With such a huge capital, it will certainly have great power and can change the face of the market. This can be both bad news and good news.

jademaxsuy

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Quote from: joniboini on March 14, 2019, 02:11:59 AM

Overhyped. Facebook doesn't need to use blockchain for this. They can simply make a centralized database for currency transactions on the platform. It ain't going to be a permissionless network and surely can't have the same properties like Bitcoin.

$19 billion, if that's really happening, then is just a waste of money.

Yeah I think of it the same way also. How could facebook integrate cryptocurrency system when in fact facebook has already earning on its plarform. Those who made this story just want facebook to create a digital coin for their own interest. Facebook will not allow any shares from thw crypto investors on their profit. If they will really create a digital coin then it is not for the good of facebook platform but for the huge whles that will going to invest on it and take a share on facebook platform earnings.

Vishnu.Reang

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Quote from: Bitcoin-Turkiye on March 15, 2019, 02:26:40 PM

now i buying facebook stock. but how do we get this facebook coin when? Frankly, I don't trust Mark Zuckerberg. how can I trust a person who sells people's data? they will inflate the price of facebookcoin themselves. The goal is to collect all people's money...

Buying the Facebook stock may not be a wise decision now. I will tell you what I think. Facebook has reached its saturation point and many of its users are shifting to other channels such as Reddit and Insta. I am afraid that FB will eventually end up like Orkut.

okala

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Quote from: joniboini on March 14, 2019, 02:11:59 AM

Overhyped. Facebook doesn't need to use blockchain for this. They can simply make a centralized database for currency transactions on the platform. It ain't going to be a permissionless network and surely can't have the same properties like Bitcoin.

$19 billion, if that's really happening, then is just a waste of money.

You are right Facebook can created the in platform token with the use of blockchain to accomplishe that, just like the iTunes card and PayPal. But since Facebook is going into crowd founding for this token development they may be looking for other investors and they have to use the smart contract to do that.

samcrypto

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Quote from: pishite on April 02, 2019, 03:28:46 PM

Quote from: Unblock_news on March 13, 2019, 10:25:44 PM

A Barclays analyst said that Facebook’s digital coin would provide the social network platform a “lifeline” if investments stop flowing in.

Full article here: https://www.unblock.news/news/barclays-facebook-coin-to-bring-in-19-billion-by-2021

Investments and so they get. Simply, the development of cryptocurrency is going fast. And they are trying to create their own altcoin than not the company's shares, but without affecting its development.

Looks like cryptocurrency will be the life saviour for facebook since its stock market price are slowly declining. Well, 2021 is quiet a late year for development because bitcoin will be more expensive that time and it can be a little too late for facebook to adopt. This can also be a rumor so stay neutral.

BitHodler

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Quote from: Pab on April 05, 2019, 03:16:23 PM

Timing is perfect.Whatever if that coin will be available on exchanges than cryptcurrencies market will be few bilion bigger

Actually, the timing isn't perfect at all. Most average joes (which is the group they target as social media platform) that got involved with crypto are down a lot, and the last thing they care about is yet another crypto coin.

I can already predict what headline mainstream media outlets will use to attract clicks: 'Facebook coin ignites crypto bull run'. They have zero clue about how no one in crypto gives a damn about Facebook coin.

The only way I can see Facebook contribute is when they will compete with Twitter to also enable LN payments when the time is right, because Jack Dorsey already said that he liked the idea of having an official LN implementation on Twitter.

Pab

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Lets don't forget that Facebook will be owner of that coin
I don't believe that Facebook chain will be fully public and transparent
That Facecoin will be available on best exchanges
I can't believe that coins owner will not like to make some additional money on bitcoin halving
Timing is perfect.Whatever if that coin will be available on exchanges than cryptcurrencies market will be few bilion bigger

Kemarit

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Quote from: daarul50 on March 14, 2019, 04:12:17 PM

If Facebook really uses the blockchain then maybe bitcoin will be eliminated and worse left because everyone will switch to using Facebook coins. I hope if this really happens it can have a positive impact on the development of cryptocurrency even though it endangers the existence of bitcoin in the crypto market.

LOL. I'm sorry but it seems you didn't understand it. Why would it "eliminate" Bitcoin? Well they could be competition, but to eliminate Bitcoin in the market? I doubt. Are you going to switch to Facebook coin if ever they release their own token? Why Facebook is doing is trying to jump the buzz word now, which is 'blockchain'. They can do it and more cost effective if they will just used a centralized database. But since everyone is jumping on the bandwagon, they don't want to be left out and wanted to have their own coin. But it doesn't mean people will invest on them and totally left Bitcoin or crypto ecosystem.

pishite

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Quote from: Unblock_news on March 13, 2019, 10:25:44 PM

A Barclays analyst said that Facebook’s digital coin would provide the social network platform a “lifeline” if investments stop flowing in.

Full article here: https://www.unblock.news/news/barclays-facebook-coin-to-bring-in-19-billion-by-2021

Investments and so they get. Simply, the development of cryptocurrency is going fast. And they are trying to create their own altcoin than not the company's shares, but without affecting its development.

TheCoinGrabber

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Jumping into the blockchain hype. Facebook's and Google's operations are the exact opposite of a blockchain - centralized massive data centers. If Facebook goes along with this I suspect they'd just do what has always worked for them.

Quote from: southafricadude on March 14, 2019, 03:22:35 AM

And when facebook goes down...so does your money....or if your account gets closed, your money is gone.

Imagine putting money in it and then your account gets blocked when some mass report you.

Horas1976

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Facebook follows modern technology by establishing its own coin, Mark Zuckerberg does not want to miss the modern development. We will see the struggle and the results after a few years, the idea is good and does not want to lose so that it was created to be able to adjust to the times.

Ucy

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Quote from: joniboini on March 14, 2019, 02:11:59 AM

Overhyped. Facebook doesn't need to use blockchain for this. They can simply make a centralized database for currency transactions on the platform. It ain't going to be a permissionless network and surely can't have the same properties like Bitcoin.

$19 billion, if that's really happening, then is just a waste of money.

Maybe they will make it usable outside of Facebook or make it trustless, with a little bit of anonymity or make it tradable on cryptocurrency exchange? Who knows?

Bitcoin-Turkiye

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now i buying facebook stock. but how do we get this facebook coin when? Frankly, I don't trust Mark Zuckerberg. how can I trust a person who sells people's data? they will inflate the price of facebookcoin themselves. The goal is to collect all people's money...

n0ne

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Quote from: TheCoinGrabber on March 15, 2019, 10:52:08 AM

Just riding the blockchain "hype" like many others. All the folks just keep throwing the word "blockchain" to sound hip.

They just wanted more money. Their business don't need a blockchain since it operates well enough on the Big Data style like Google.

Facebook is a big network, and as stated already they've got the biggest market on the big data style same as the top corporates holding largest data. When things gets advanced they too tend to go advanced. Blockchain is more efficient than traditional system which might be the reason for the plan of using blockchain. The coin from Facebook will grow big as they've a big user community.

TheCoinGrabber

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Just riding the blockchain "hype" like many others. All the folks just keep throwing the word "blockchain" to sound hip.

They just wanted more money. Their business don't need a blockchain since it operates well enough on the Big Data style like Google.

shinharu10282016

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Quote from: joniboini on March 14, 2019, 02:11:59 AM

Overhyped. Facebook doesn't need to use blockchain for this. They can simply make a centralized database for currency transactions on the platform. It ain't going to be a permissionless network and surely can't have the same properties like Bitcoin.

$19 billion, if that's really happening, then is just a waste of money.

It surely is and it won't ever be the same with Bitcoin at all considering Facebook has kept all the information and is selling it to advertisers for their own. And $19 billion is a big money, but it won't be that impossible since people are into hype and people will always come in with these kinds.

Topic: Barclays: ‘Facebook Coin’ to bring in $19 billion by 2021 - page 2. (Read 663 times)