They've stopped the Libra coin and changed it to Diem. The news tells that Facebook is about to integrate it soon with its platform and as well as other platforms that Facebook owns like whatsapp and instagram.
We are hearing about these for a very long time. What change they are expecting with the change in name from Libra or Diem. Libra was having issues with regulators and will the name change make any difference to the issues they faced with the regulators. I am not even following what they are going to do with their plans. It is better to wait for them to launch something and make a comment. 
Topic: Facebook Diem thoughts - page 2. (Read 423 times)
I was looking at Facebook Diem, I know it's coming from failed project Libra. It's not only about coin, they are building the whole infrastructure: blockchain, wallet...
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.
What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.
What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?
One of the things I have come to understand is, when a good platform or organisation is building something good related to crypto it will be in the waves, it will be around every corner of the crypto space and so on, now about what Facebook is working on, after the issue with Libra it seems people moved their attention from them thus no one is even realising they are still working on something. To be frank I am just getting to know about this, that is to say, many crypto channels are not even paying attention to it, therefore I can't say it is solid or not, until they start showcasing what they are working on.
Lastly, owing to what happened to Libra people might still be skeptical in anything relating to Facebook and so on, nevertheless until they launch then we will know if there is a chance of it having unique attributes or not. This further goes to show that, crypto and everything relating to it is becoming hard to ignore by top organisations.
We may argue that it has a future because of its own platforms, based on its history and backup. Most tokens require their own platforms to flourish and not appear out of nowhere with billions of dollars in supply. But, because their original strategy failed and they had to replace it with a new name, we'll have to wait and see what happens.
And I haven't seen much hype on this new name, unlike, when they introduced Libra. But maybe, they are not yet in full blast of promotion because they are still working in progress with this new one. But when it comes to adoption once they launched it, I guess, a lot will get on board because they already have millions of users in the first place. So they need to deploy this project that is "dumb-friendly" because many users are not yet crypto oriented individuals.
We may argue that it has a future because of its own platforms, based on its history and backup. Most tokens require their own platforms to flourish and not appear out of nowhere with billions of dollars in supply. But, because their original strategy failed and they had to replace it with a new name, we'll have to wait and see what happens.
I was looking at Facebook Diem, I know it's coming from failed project Libra. It's not only about coin, they are building the whole infrastructure: blockchain, wallet...
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.
What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.
What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?
I like the new things that are starting to be launched, but I prefer to learn first about the development of the project, the wallet that was initially integrated into the Facebook, IG and WhatsApp ecosystem is a new blockchain that is starting to be prepared in the future as an addition to other blockchains.
of it and doesnt only focus out on payment or transactions but also about with transparency but talking about these platforms or companies then its sure that it will really be still that
centralized and i dont really see any interest if ever they would make their own coin and wallet on making out transactions in between users or something like that.
The beauty of a system that can be integrated is a true blockchain technology, all focus on payments or transactions and transparency, all of this will still happen that way, so making something new needs to be perfected again, but it will be very interesting if this continues to be developed in the future.
I was looking at Facebook Diem, I know it's coming from failed project Libra. It's not only about coin, they are building the whole infrastructure: blockchain, wallet...
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.
What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.
What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?
I like the new things that are starting to be launched, but I prefer to learn first about the development of the project, the wallet that was initially integrated into the Facebook, IG and WhatsApp ecosystem is a new blockchain that is starting to be prepared in the future as an addition to other blockchains.
of it and doesnt only focus out on payment or transactions but also about with transparency but talking about these platforms or companies then its sure that it will really be still that
centralized and i dont really see any interest if ever they would make their own coin and wallet on making out transactions in between users or something like that.
I was looking at Facebook Diem, I know it's coming from failed project Libra. It's not only about coin, they are building the whole infrastructure: blockchain, wallet...
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.
What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.
What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?
I like the new things that are starting to be launched, but I prefer to learn first about the development of the project, the wallet that was initially integrated into the Facebook, IG and WhatsApp ecosystem is a new blockchain that is starting to be prepared in the future as an addition to other blockchains.
Is the development of the diem coin still going on? If yes, it will bring the future of Facebook payment system with blockchain. I hope that there are no obstacles to regulations that hinder the development of this project as happened before.
It is.They've stopped the Libra coin and changed it to Diem. The news tells that Facebook is about to integrate it soon with its platform and as well as other platforms that Facebook owns like whatsapp and instagram.
I have heard many reports that have stated that the Facebook-backed project is planning to launch a pilot stablecoin Diem program in 2021. The project was first introduced by facebook in 2019 as libra, but quickly met with backlash from international regulators. It was renamed Diem in 2020. It has been suggested that central banks' interest in launching digital currencies is partly triggered by their anxiety over the threat for the financial system due to a stablecoin operated by facebook, and honestly I am waiting for their entry into the field.
The Libra / Diem stablecoin project faced very strong regulatory resistance precisely because it was wanted to be linked to Facebook, which allowed for a large amount of confidential information about billions of people to be concentrated in private hands. Therefore, at a hearing in the US Senate, Mark Zuckerberg was forced to declare that his stablecoin would have nothing to do with Facebook.In the future, they tried to get away from the influence of US regulators and tried to release it under the new name Diem in Switzerland this year. However, the problem arose even in the fact that there was already a campaign in England that had its own token called Diem. Now little is heard about Libra / Diem and there is no clear deadline for its introduction either. There is even a doubt that she will ever be able to appear.
I also just tried checking on CMC and found that they are already here, maybe it will take more time to see their entry. Since I personally think this is really one of those names that have generated a lot of interest from people over the years, maybe the solution they are aiming for will be more meaningful and effective when together. It's recognition from the way the government treats the industry.
I was looking at Facebook Diem, I know it's coming from failed project Libra. It's not only about coin, they are building the whole infrastructure: blockchain, wallet...
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.
What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.
What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?
Maybe at this time, the Libra project is still in development (regulation) to get support from the parties in terms of its use and cannot be said to have failed 100% because there has been no official statement from the owner. I am sure, all aspects of social media will integrate and do this by looking at market developments and demand in the world of the money market.
Since Facebook announced plans to launch Diem, an alternative to the Libra project, the coin has not appeared on the cryptocurrency map because of objections from global financial regulators. But I think the problem is when as well as when is the right time to have the appearance of Diem in this field, what I feel from this market after many years about the large corporations they are really seriously looking at the blockchain field as one of the future solutions to make people's lives better.
There are probably two opinions that can be predicted, the first is that the team is still in the process of improving Diem Facebook for a better future in the project. And the second project has been abandoned because there is no progress in the process or has been abandoned.
Is the development of the diem coin still going on? If yes, it will bring the future of Facebook payment system with blockchain. I hope that there are no obstacles to regulations that hinder the development of this project as happened before.
Is the development of the diem coin still going on? If yes, it will bring the future of Facebook payment system with blockchain. I hope that there are no obstacles to regulations that hinder the development of this project as happened before.
There’s still no announcement yet and hopefully they can manage to escape those regulations, better if other companies outside US will partner with Facebook to make this possible. Having a such payment options in Facebook can bring a lot of good adoptions on both system, hope to see it as well. 
I was looking at Facebook Diem, I know it's coming from failed project Libra. It's not only about coin, they are building the whole infrastructure: blockchain, wallet...
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.
What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.
What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?
If we see the concept is almost the same as Libra. Maybe it's true from what you say that all of this stems from the failure of Libra. And Facebook wants to develop a new concept with a new name. Diem, a Facebook-backed digital coin is expected to launch later this year, albeit in a much more limited form. Diem is currently in talks with Swiss financial regulators to obtain a payments license, an important step that will put the organization further on the path towards its digital currency project.
I was looking at Facebook Diem, I know it's coming from failed project Libra. It's not only about coin, they are building the whole infrastructure: blockchain, wallet...
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.
What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?
Not expecting that much because it would be still on centralized aspect of things which is really that not surprising.Every company could create their own coin as they can or make out projectsFor starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.
What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?
that do in terms of payment system but honestly this isn't something that in too far on those casual payment system which are reversible and can be traced up.
If ever they would integrate bitcoin then that's an another part of the story but creating their own then this isn't something special.
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I was looking at Facebook Diem, I know it's coming from failed project Libra. It's not only about coin, they are building the whole infrastructure: blockchain, wallet...
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.
What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.
What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?
If you look at the current state of Facebook's development around the world, it is very possible for Facebook to make it, nowadays almost everyone uses this Facebook medium and generally people can't take advantage of that condition to produce something.
Blockchain or wallets are trying to be integrated into new ecosystems, such as Facebook, Instagram, WhatsApp or other media, it is possible to provide something new in new media as well, this is a good development for the future to come.
If it can be released, I am sure it will have a future. It is a coin owned by Facebook, one of the biggest social media companies. As a trusted company, Facebook should be serious to build its crypto coin. There is no way that Facebook to create a crypto coin with has no future. They will ruin their reputation and risks the popularity of Facebook if they brave to release a useless coin.
About how Diem will function, just read carefully its whitepaper: https://www.diem.com/en-us/white-paper/#cover-letter
About how Diem will function, just read carefully its whitepaper: https://www.diem.com/en-us/white-paper/#cover-letter
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Well it's not relying at all in mining from what I got from Wikipedia. Now I am confused on these whole Libra thing as I thought the project just died out back in 2019, due to lack of updates in the news.It's certainly centralized as everyone inside that association (Diem Association) would be able to process transactions through what they called "permissioned blockchain". Not a fan of those. I never even planned to invest Libra back in the days, not even a tiny bit of thought.
Source: Diem(Wikipedia)
Based on its background and backup, well we can say that it has a future because of its own platforms.
Most tokens do need their own platforms to grow and not just pop out of nowhere having those gazillions of supply. But we'll still see how it goes since their first plan have failed and have to replace it with a new name.
Most tokens do need their own platforms to grow and not just pop out of nowhere having those gazillions of supply. But we'll still see how it goes since their first plan have failed and have to replace it with a new name.
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