GlobalCoin by Facebook - speculation.

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Quote from: FitzgeraldZ on May 31, 2019, 06:45:19 AM

On the other, without scientifically supported protection highlights having the majority of this information in one spot would be a huge wellspring of security and security chance, and a tremendous shelter for nations with influence over FB to get information get to.

yet, should I invest in this ? indeed id invest. As a speculation opportunity its an easy decision. regardless of on the off chance that it will be a shitcoin first year it will explode or until peoples justify itself what to do with this coin.

Nowadays every coins simply comes to the market and after the day that coins has been listed on any big exchanges. That coin is falling like something.
This coin is also do the same in the market not the revolution.
Moreover social site like facebook cannot do anything crypto industry. May be they make the cryptos familiar through out the world. Without knowing the effects they are coming to market. We will be benefitable for sure.

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On the other, without scientifically supported protection highlights having the majority of this information in one spot would be a huge wellspring of security and security chance, and a tremendous shelter for nations with influence over FB to get information get to.

yet, should I invest in this ? indeed id invest. As a speculation opportunity its an easy decision. regardless of on the off chance that it will be a shitcoin first year it will explode or until peoples justify itself what to do with this coin.

MrPiggles

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Quote from: magicrypto on May 29, 2019, 01:36:54 AM

It definitely would be a plus for cryptocurrency adoption, we need more huge blockchain projects like GlobalCoin, Dfinity, TON. That can raise another new wave of hype and adoption, new people inflow. With those giants all industry will grow up(i mean other coins too). Will see, besides that GlobalCoin is good idea, Facebook has millions of users.

When GlobalCoin is launched, billions of investors around the world will have a special interest in this coin as this is a social-related coin and the project built by Facebook will definitely achieve great success. I think Facebook is one of the pioneering companies in this area and surely many other well-known companies will soon start making this change so expect what will happen next.

barbara44

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Quote from: encycrypto on May 24, 2019, 10:59:38 AM

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

Another ripple in the making, probably government must have even directly contacted him to create such coin since he has the largest user database when it comes to social media to be able to have control over the cryptocurrency, if not, what would make them suddenly revert their policy after they have locked out most bounty campaigns from their site.

People are still complaining of binance of monopolizing the crypto currency industry, they should wait and watch, these are the real players that will do that and I hope that they don’t end up changing satoshi’sintention for creating crypto with these partnership they have with government.

GregH37

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Quote from: maldini on May 25, 2019, 06:53:25 AM

Yup, this news is true. Facebook will launch their first coin called GlobalCoin and this coin itself is a centralized coin like ripple. Yes, even though it's only a utility coin in my opinion, this coin will be able to compete with the top 10 cmc now.
And at the same time in 2020, there will be bitcoin halving, I don't know if that year will be the year of crypto explosion.

I have never been worried about Facebook coin ever since the rumor came out because I was sure that what they will create will be a stable coin to be used internally,so those who are thinking or believing that Facebook might replace bitcoin are just lost in their unrealistic thoughts as it will be impossible since they cannot perform same responsibility.

Moreover, it will really be less accepted because of its centralized nature, first, it’s going to be fully monitored by Facebook and at the same time government will also have access to its usage and activities which is not in line with what bitcoin was created for.

davis196

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Quote from: encycrypto on May 24, 2019, 10:59:38 AM

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

Don't know where Zuck is heading,but I've found something interesting...
There's another globalcoin(GLC) listed on coinmarketcap with a current price of 0.003 USD.
It looks like a dead altcoin with a 198K USD market cap.Perhaps all the hype about facebook's globalcoin will boost the price of this globalcoin?
Or the GLC dev team will try to patent the name globalcoin and sue facebook...

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Quote from: Makkara on May 28, 2019, 07:57:32 AM

Quote from: encycrypto on May 24, 2019, 10:59:38 AM

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

I wouldn't expect much in terms of mass adoptions, Facebook has no ethics and they would sell their own mothers to make money. Cool

I think your view is wrong this time around, 70% of people that are using Facebook are IT inclined and it won’t be much of a strange thing to them when they bring the coin to the notice of the public. The adoption might not be immediately, but Facebook as you know will have their tactics that will enable them gradually impose it on their users with time.

I mean their business users, because that will be their main target. If you look at most of the investor that ICO has successfully gotten are through social media and majority of them got to know about it through Facebook, so what makes you think they will not succeed now that it’s their own personal project.

magicrypto

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It definitely would be a plus for cryptocurrency adoption, we need more huge blockchain projects like GlobalCoin, Dfinity, TON. That can raise another new wave of hype and adoption, new people inflow. With those giants all industry will grow up(i mean other coins too). Will see, besides that GlobalCoin is good idea, Facebook has millions of users.

puremage111

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Well somehow it could be a fun thing to do if we don't care about centralization/government or so

I am not sure if it will be implemented this way
But if one can actually tip on a post or content to shows support, it would bring in more content creator on facebook
Definitely it would push facebook further than now

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Quote from: encycrypto on May 24, 2019, 10:59:38 AM

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

It will be a good thing if this globalcoin is decentralized and has an approval of government but the way it is I think it is going to be a centralized coin! This Facebook develop coin is going to be one of the popular coin as Facebook has great users and it is easy to promote. I strongly believe that governments is going to give approval for this and majority of the financial institutions are going to use this.

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Quote from: coinswebid on May 28, 2019, 06:17:29 AM

Quote from: jossiel on May 24, 2019, 06:50:37 PM

Quote from: encycrypto on May 24, 2019, 10:59:38 AM

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

Well, we still can't say where it is heading until we see them rocking and operating already. I've read also that it's likely Mark Zuckerberg will be teaming up with the Winklevoss twins.

https://www.cnbc.com/2019/05/24/zuckerberg-reportedly-held-talks-with-winklevoss-twins-about-facebooks-cryptocurrency-plans.html
https://www.ft.com/content/0207778c-7d62-11e9-81d2-f785092ab560

and if this really happend in the next year, maybe most of good crypto will green and touch another level on price and market capitalizations too
because in 2020 bitcoin halving even will be happend to right ?
hope this not only a rumours Wink

We don't have to wait for next year, looking at the price and charts today makes sense that the market is on green. You may see bitcoin on red but that's $8,730 you are looking at and it's not bad as before whenever bitcoin goes red, the price plunges that much.

Yes, 2020 and by May 22 to be exact as per https://www.bitcoinblockhalf.com/ the halving will occur. The halving is no rumor because it's a real event that happens every 4 years. Wink

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Quote from: encycrypto on May 24, 2019, 10:59:38 AM

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

I started a thread in the Economy section, about where I think it is headed: https://bitcointalksearch.org/topic/surveillance-capitalism-facebook-coin-kyc-crypto-5147740

My perspective is that FB are using crypto in order to suck up yet more personal data, this time in the valuable area of what we purchase, and then selling this on to advertisers. It's an example of the wider trend of surveillance capitalism, where anything that can be captured and digitised is captured and digitised in order to build up very detailed profiles on what our behaviour might be in the future.

Makkara

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Quote from: encycrypto on May 24, 2019, 10:59:38 AM

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

I wouldn't expect much in terms of mass adoptions, Facebook has no ethics and they would sell their own mothers to make money. Cool

Erickan

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I know that facebook will issue stable coin, it will also be circulated internally for their applications, not in the crypto market. There is not much information now that Facebook will release exactly the same day, although the expected time is 2020, but it can be completely changed.

leea-1334

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Quote from: Pecunia non olet on May 27, 2019, 12:10:10 PM

Facebook doesn´t have enough money? They want to earn money in an industry they don't understand. This can only result in a damage of cryptocurrencies or in a damage Facebook as a company. Huh

Of course they have enough money and more than enough,,, but you know how the rich become rich? They keep wanting more money. And who would not? Everyone sees Bitcoin and they see that it is an amazing creation. They think if you cannot beat them, why not join them? Why else do you think 99% of projects are centralized and half of that is all about corporations getting into "the game"?

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Quote from: X-ray on May 24, 2019, 11:04:28 AM

Quote from: encycrypto on May 24, 2019, 10:59:38 AM

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

I thought that facebook didn't even create an announcement about ETA of facebook coin. Some articles said if facebook has already contacted the crypto exchange site for that. but that coin will play as utility and that will be only become the currency that will have used in the platform.
Im feeling curious about where you get that clue about facebook coin will be launched on 2020?

I guess globalCoin and Facebook coin is two different currency so if that’s the case maybe Zuckerberg is venturing in separate cryptocurrency (but I maybe also wrong for this)

Zuckerberg know how can be popular cryptocurrency in future and Him being a Internet expert I think he is waiting for the booming of the crypto’s in the near future that’s why he was investing now or maybe in past but secretly only

coinswebid

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Quote from: jossiel on May 24, 2019, 06:50:37 PM

Quote from: encycrypto on May 24, 2019, 10:59:38 AM

A new cryptocurrency is coming in 2020 by Facebook. Zuckerberg will try to partner with the governments and make it a bridge between his products like WhatsApp and Facebook.

Where could it be heading to?

Well, we still can't say where it is heading until we see them rocking and operating already. I've read also that it's likely Mark Zuckerberg will be teaming up with the Winklevoss twins.

https://www.cnbc.com/2019/05/24/zuckerberg-reportedly-held-talks-with-winklevoss-twins-about-facebooks-cryptocurrency-plans.html
https://www.ft.com/content/0207778c-7d62-11e9-81d2-f785092ab560

and if this really happend in the next year, maybe most of good crypto will green and touch another level on price and market capitalizations too
because in 2020 bitcoin halving even will be happend to right ?
hope this not only a rumours Wink

jossiel

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Quote from: marketone on May 27, 2019, 10:47:50 PM

Quote from: jossiel on May 27, 2019, 05:22:53 PM

True scenario.

That's what Facebook did before when they first announced of banning those ICO thingy ads. And now there's truly a quick change for everything, I'm now having that idea that those who did ban or prohibited bitcoin and crypto related stuff can also completely change their decision in the future.

That's how technology will influence because not only Facebook there are many people who are so negative at the beginning of the blockchain but now many people are showing a lot of interest towards the blockchain and its technology and in the coming days we might see more companies will start using the blockchain technology.

Because first thing, it's on the trend and they can't miss this opportunity to ride the hype and trend because it will generate more profit to them. AFAIR, eoy of 2017 Mark Zuckerberg already said that he's studying and looking into crypto and blockchain.

And I think it was planned well by him, took some issues and actions that will make them take the advantage for their platform, turned the tables after banning it into liking and allowing crypto ads again.

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Quote from: canman on May 27, 2019, 09:29:44 AM

If this can happen, billions of people will know this crypto market and this is a great opportunity to attract a large community from Facebook because this is the social network most people use. I personally believe that the launch of GlobalCoin coin will boost growth for the crypto market because thousands of big partner companies will cooperate with Facebook to increase the value of this coin higher and can achieve Huge changes in the future

You think so? Billions of people who use global coin will really embrace crypto? No, they will love the idea of a coin that's inside FB, but no different from a coin inside a poker app or a farming game. You think Globalcoiners will want to open a Bitcoin wallet, remember the private keys and sign transactions? And then what if they want to convert it to dollars. You think they really want to go to an exchange and go through the hassle?

jjbanks994

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I honestly think this might be quite successful just because of the amount of people who are already using Facebook along with the rest of those apps

Topic: GlobalCoin by Facebook - speculation. (Read 779 times)