Topic: Facebook Diem on the run for launch - page 5. (Read 662 times)
I am not surprised to see Facebook wants to continue their project related to crypto as they see a good chance to make big money from crypto. I do not have a big expectation about their project because if they do not offer or give a new thing than what they did in the past, it is hard to see they can work for that project. People who are already involved in crypto will not pay much attention to their project because they already failed in the past and now want to rebuild their project again. But let them finish their work on their project and see what will happen later.
I'm just surprised they're still trying to try and launch their new "Libra" amidst all the issues they face. It's like putting the cart before the horse kind of thing. I don't think this one would actually succeed, though I guess they don't have much to lose since they already failed once.
My two questions are.. does anyone even use Facebook anymore? I haven't checked it out in years and I feel better than ever before.
And then, how do people still trust them? They've heavily influenced so much stuff around that I would never trust them again. When they've shown multiple times in a row how they don't care at all about your privacy and manipulate your feelings intentionally through various creepy experiments, how the hell do you get to hype upLibra Diem..?
Well as much as some people realize how bloody hateful to use Facebook is and it would've probably been a lot better if they don't use it, there are still people who like to use it... unfortunately. Sides, most people probably don't even give a damn about how Facebook does their thing since their mindset is as long as they can use it and the effects aren't visibly obvious to them, they'd probably continue to be oblivious to them. And then, how do people still trust them? They've heavily influenced so much stuff around that I would never trust them again. When they've shown multiple times in a row how they don't care at all about your privacy and manipulate your feelings intentionally through various creepy experiments, how the hell do you get to hype up
I don't know if people have the same opinion as me, but is it really attractive to use if it's just a product created for payment from a large corporation. I no longer use a lot of FB, more precisely for privacy purposes that are no longer related to FB, and to me FB is a pretty shitcoin-like junk space.
But in a sense, the media will start spreading it everywhere (FB
) and that's all I envisioned it. And one thing's for sure, I'll never use it, I may or may not like it.
You know that medial does really love on dealing with things which are popular and we know that Facebook is a centralized platform and they do know on where they should deal with.But in a sense, the media will start spreading it everywhere (FB
) and that's all I envisioned it. And one thing's for sure, I'll never use it, I may or may not like it.Libra had failed in the past and i wont be surprised if this one would failed out too.Just like on what others been saying that it isnt something revolutionary and this is an another
set of shitcoins that could a platform that will integrate if they wanted to.They are lying if they would show and make people believe that this is a cryptocurrency.
I don't know if people have the same opinion as me, but is it really attractive to use if it's just a product created for payment from a large corporation. I no longer use a lot of FB, more precisely for privacy purposes that are no longer related to FB, and to me FB is a pretty shitcoin-like junk space.
But in a sense, the media will start spreading it everywhere (FB ) and that's all I envisioned it. And one thing's for sure, I'll never use it, I may or may not like it.
But in a sense, the media will start spreading it everywhere (FB
) and that's all I envisioned it. And one thing's for sure, I'll never use it, I may or may not like it.We may have the same opinion towards the use of FB but you have to remember, millions of users are still actively using this social media platform. So even if we say, we don't use it anymore but there are millions out there who maybe are are waiting for this service to materialize. So I won't be surprised if this will be a hit once launched. Their FB marketplace is also very useful to a lot of users. But don't forget there are also scammers on that platform.
I don't know if people have the same opinion as me, but is it really attractive to use if it's just a product created for payment from a large corporation. I no longer use a lot of FB, more precisely for privacy purposes that are no longer related to FB, and to me FB is a pretty shitcoin-like junk space.
But in a sense, the media will start spreading it everywhere (FB ) and that's all I envisioned it. And one thing's for sure, I'll never use it, I may or may not like it.
But in a sense, the media will start spreading it everywhere (FB
) and that's all I envisioned it. And one thing's for sure, I'll never use it, I may or may not like it. 
My two questions are.. does anyone even use Facebook anymore? I haven't checked it out in years and I feel better than ever before.
And then, how do people still trust them? They've heavily influenced so much stuff around that I would never trust them again. When they've shown multiple times in a row how they don't care at all about your privacy and manipulate your feelings intentionally through various creepy experiments, how the hell do you get to hype upLibra Diem..?
I am not even sure their rebranding has done anything at all, lol. It's a quite cringey attempt at washing away Libra's bad reputation.
And then, how do people still trust them? They've heavily influenced so much stuff around that I would never trust them again. When they've shown multiple times in a row how they don't care at all about your privacy and manipulate your feelings intentionally through various creepy experiments, how the hell do you get to hype up
I am not even sure their rebranding has done anything at all, lol. It's a quite cringey attempt at washing away Libra's bad reputation.
I believe that facebook libra or diem or whatever will not happen anytime soon. People assume that it will happen but I believe that it is not going to happen at all. I believe that the bigger chance here we are doing right now is the fact that we are going to probably face people who are not going to be making too much changes and facebook will not be able to do it if people do not care about it. They have such a huge social media presence and they own whatsapp and facebook and instagram which means that if you could send and receive money from these places with the help of them and then cash it out wherever you are living without too much fee as well then it will be great.
However, it is looking something a lot less possible the day moves on because it looks like there is a good chance people may not care, they need hype and go viral to make that happen.
However, it is looking something a lot less possible the day moves on because it looks like there is a good chance people may not care, they need hype and go viral to make that happen.
I do not think that Facebook in its best condition to start a new war, which is launching a digital currency and urging its huge community to do so. There are many problems they face:
the society is now not ready to launch digital currencies or start spending, especially with supply chain problems.
- Cambridge Analytica scandal and privacy protection.
- Data manipulation and extremist content control scandal.
- Problems of monopoly and their possession of evidence bases.
- Privacy issues in WhatsApp.
- The recent problems that led to the freezing of all its applications for more than 4 hours.
the society is now not ready to launch digital currencies or start spending, especially with supply chain problems.
On the other side of new development and innovations is "Facebook Diem" which is said to be launch sooner with the ability to standout in leading other Cryptocurrency, it could be recalled on the recent shut down of the mark zukarbergs network lasting for over ten hours, which was as a result of upgrade and maintenance for a better service experience and some days following it came the news thread on the company's intention to soon launch its own currency, this project was initially on a run before the suspension with the name "Facebook Libra" but now it was rebranded to bear "Facebook Diem".
Now the believe is said to have the attention of the major subscribers of the network since its the leading social media network, and its launch of this global digital currency could ease the use of the block chain technology by it subscribers, the project will have it stable coin Called "Diem" which will be fully operational on the block chain technology as moves have been put in place towards it launch soon.
the main idea in projection is to run Diem on the block chain technology but will not be decentralized and this will help the global world make ease in their financial service transactions and the Diem project is awaiting approval from the US regulators, this Facebook Diem currency will have not much difference from the usual Bitcoin and other Cryptocurrency other than not been decentralized.
The Facebook Diem is said to have come with this three pillars of success to make it outstanding.
1. A reliable block chain technological foundation
2. Novi digital wallet
3. uniqueness of the coin "Diem
Core values of Facebook Diem
People ought to own the right of control over their legal labor and its outcomes.
More people should have access to financial services.
Global payment networks should be open, cheaper to use, and have better speed. All of these translate to better economic opportunities and more effective global commerce.
Slowly but eventually, people will build their trust in a variety of distributed forms of governance.
In addition to supporting ethical agents and consistently upholding the integrity of payments, people and institutions are responsible for driving the growth of financial inclusion.
An open and much broader payment network, with unmatched levels of interoperability, along with high compliance standards, should follow the governance and design practices.
Relevant points of applications
E-commerce
Remittance
Governance
Cross boarder transactions
anonymous opinions were raised on the possibilities weather to achieve this a reality while contrary objections and motions too were made on impossibility, that Facebook cannot be run on block chain or decentralization, what is our perspective regarding this. One currency to rule them all: Facebook Diem has global ambition.
Now the believe is said to have the attention of the major subscribers of the network since its the leading social media network, and its launch of this global digital currency could ease the use of the block chain technology by it subscribers, the project will have it stable coin Called "Diem" which will be fully operational on the block chain technology as moves have been put in place towards it launch soon.
the main idea in projection is to run Diem on the block chain technology but will not be decentralized and this will help the global world make ease in their financial service transactions and the Diem project is awaiting approval from the US regulators, this Facebook Diem currency will have not much difference from the usual Bitcoin and other Cryptocurrency other than not been decentralized.
The Facebook Diem is said to have come with this three pillars of success to make it outstanding.
1. A reliable block chain technological foundation
2. Novi digital wallet
3. uniqueness of the coin "Diem
Core values of Facebook Diem
People ought to own the right of control over their legal labor and its outcomes.
More people should have access to financial services.
Global payment networks should be open, cheaper to use, and have better speed. All of these translate to better economic opportunities and more effective global commerce.
Slowly but eventually, people will build their trust in a variety of distributed forms of governance.
In addition to supporting ethical agents and consistently upholding the integrity of payments, people and institutions are responsible for driving the growth of financial inclusion.
An open and much broader payment network, with unmatched levels of interoperability, along with high compliance standards, should follow the governance and design practices.
Relevant points of applications
E-commerce
Remittance
Governance
Cross boarder transactions
anonymous opinions were raised on the possibilities weather to achieve this a reality while contrary objections and motions too were made on impossibility, that Facebook cannot be run on block chain or decentralization, what is our perspective regarding this. One currency to rule them all: Facebook Diem has global ambition.
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