Topic: Facebook is raising money for Facebook Coin (Read 1450 times)

Facebook just unveiled a new global cryptocurrency #Libra.
Will you invest in it?🤔🤔

Everyone was dogging crypto 2 years ago now everyone sees how companies are threatned by it. Facebook also cancelled crypto ads after 2017 and now they have their own currency. Makes me sick

I was trying to see for other projects Decentralized with the caracteristics that u said. Tried to look for coinpaprika under Org structure Decentralized but I cant look for other coins with the same tag cuz its not serchable, any clue on how to find those? other site... cuz the "descentralized application" tag its not the same.

Well, I guess each day we're moving closer to the awful dystopian future and the money that will be controlled by the most powerful companies. O.k., I do agree that companies are already much more powerful that governments (which I do dislike more, although you can't escape the impression that they are uniformly connected in a big juicy slavery swindle...), but this is becoming ridiculous. Facebook will offer possibility for its customers to earn their private money by performing some simple tasks - a kind of a bounty hunt - but it won't be restricted and discouraged like it is here. And people will accept that and they'll start to use their money because it's easy to earn it.

And what have been done to prevent that?

I beg people that manage this website, this cradle of crypto, to come to their senses and to accept their share of responsibility. Enable it to become more massive, to attract more people to the REAL crypto world (not the world of the private company-money), give them more chance to EARN it, and they will invent ways to spend it. Control the bounty campaigns, employ more people, do what you have to do to make it more massive. I've been writing about that issue a lot, I was ridiculed as a leftist, too intellectual, "lousy" bounty hunter, etc. (and I really don't mind) but now there's a real danger. We will not have people's money or chance to have one, all your effort will be in vein, and all of us will be buying pizzas for btc again, like Laslo did years ago (while trying to make a "facebuck"...)

Do you really want Facebook, Google or any other privateer to control everyday means of payment?

If they hijack crypto just because they are massive and bitcointalk missed its chance because you "didn't want to read rubbish" or "bad English", that would be... There's no polite way to say that. Come to your senses, please.

There's nothing wrong with being late. In other tests, technologies/blockchains and cryptocurrencies making ordinary users. Also, do not forget about the regulators of the crypto market (SEC, etc.). More interesting is Libra's own blockchain and the appearance of possible forks due to open source code.

as you know, Facebook is indeed late in the crypto industry, and has a poor record of the ban on crypto on its own facebook,
but it is never too late to start facebook coin or global coin will definitely be accepted for Facebook users and cryptocurrency users .

You mean to say that shares of stocks of fb will be put into fbcoin? If thats the real case, it will be much profitable.

With members in all around the world and members more than 1billion people, i think facebook can reach $300billion because if its very potential to be adapted. Facebook is profitable company and i am believe many big investor interesting to invest

Well I try to browse it on google, I can't find the exact date or maybe I miss it since it just quick search. I just see that they will release the whitepaper on june 18. https://www.cnet.com/news/facebook-cryptocurrency-could-be-announced-in-june-2019/

With the trending of the crypto currency there's no new thing if Facebook want to ride this trend. they can see if they engage in this kind of investment they can make another billion of dollars from it. no wonder the big company from all over the world is coming to crypto because they can see a lot of potential can be get here.

Anybody knows when this facebook coin will be launched and available for trading?

If they finally succeed, I believe this will be a huge advantage to the wide spread of Crypto adoption and this will actually draw in more whales into cryptocurrency

You know that electronic money takes 10 years to get the current number of users. FB participated in this market, they are in the hands of a huge data block of users. While it is in everyone's opinion that fb's time of participation is late, but with the signal of fb (the world's largest social network), I'm sure that crypto is really a giant piece that corporations All want to have.

I think this will be good news this week. I have to admit that Facebook has very many users and is spread throughout the country. Most likely this project will be a big success and attract many investors. We are waiting for the next good news. Thank you for this amazing news.

If one the biggest and most populated social media adopt the use of cryptocurrency and the blockchain technology, It shows that there be new level of use case and investors that is needed in the crypto world.

They can only ruined because they have the power, but as this market is growing and more institutional money coming it, it will give balance to different interest.

So, in my understanding, you are saying that FBcoin will be more worth it in the future than bitcoin because as what you've said it can easily surpass bitcoin in a daily usage, and I think its possible but we cannot deny that if isnt because of bitcoin all altcoins will be nothing.

If this is true then I begin to wonder what exactly, and how robust is this their project is that they have to look for way to raise fund for their coin. I have seen the financial statement of facebook before and I believe they have more than enough to fund their project without need to raise any fund. In my on opinion, it may be a joint development or they do not want to bear the risk alone.

too many restrictions have been pursuing Facebook users lately ... yes, they have a name, but the reputation is not so bright ... in my opinion they are unlikely to surpass Bitcoin.

I think if facebook will going to utilize these new token even further, the essence of connecting people's live will going to be somehow replaced by a market wherein, people will focus on buying and selling items through the use of cryptocurrency as their main token, and through that, maybe we could rely on other platforms.