Topic: Is Facebook about to embrace Bitcoin? (Read 3087 times)

On the other hand Facebook can probably do whatever it wants because it is too big to fail. If regulators try to fine FB they will threaten to kill Farmville and half our workforce will commit suicide.

I'll most likely be just this.

I highly doubt a tipping service will be implemented, since someone would surely go nuts.

A good benefit, however, would mean that those who sell Facebook likes will start getting a lot of business, since people will want to promote their content in hopes of getting more tips.

maybe .. someday . bitcoin still growth and grow more
i think it will happend around 2015 2016 when bitcoin going amazing
im curious to know and see this happened lol 

I'd wager Zuckerberg is fascinated by Bitcoin, but I believe Facebook, for regulatory reasons, will not deeply integrate Bitcoin, e.g. native bitcoin tipping. If it does accept Bitcoin, it will only be as a payment method for buying its services (e.g. ads).

Maybe Zuckerberg will implement bitcoin, say that he thought of it first, and then sue the Winklevii for stealing his idea ... 

I used to think that, but I have suspicions that there are wheels within wheels in the Bitcoin world. I think the only business qualified to buy BitPay is Google.

http://www.cryptocoinsnews.com/news/facebook-meet-bitcoin-get-bits/2014/07/23


I'm calling it first: Facebook WILL purchase BitPay for $xB.

Because they belong to the network product of the times, so they will use the more perfect

Wow! First I had heard of this, but...
The fact is, I asked them repeatedly to explain to me why my account had been disabled. They refused on each count and instead sent me generic emails. I still do not know why they shut me down. I feel like I’ve been dealing with the FBI. They refuse to answer questions yet ask me for my Government ID..
http://gingerliu.wordpress.com/2010/08/08/facebook-demands-government-id-before-shut-down

 On Christmas day, I got my account disabled. Reasoning was because ' We have suspected you are using a fake name and/or information.'

My name on my facebook was my LEGAL name.
My mother and I are constantly talking on there as well.
Well, I could only verify my account with my phone, which was recently cut off beforehand.
So, they give you the option to submit a photo copy of your government issued ID.
I sent one of just my photo ID that I copied with my photo printer.
NOTHING.
I copied my school ID, my license, and my credit card.
I blacked out all the information that they DID NOT need.
Still nothing....
http://www.boycottowl.com/Facebook/1

FYI: There is not a huge amount of sources to verify, but it does appear that FB is closing some accounts and demanding Gov't ID's.

Are you freaking kidding me? Really? Wow... they really are pushing the limits! Holy cow!

I think FB looking to be another payment processor/exchange is not out of the question for these reasons:

-FB Credits aren't called credits any more, they're called Game Cards.  Read: fail  ...or Transition?
-FB credits being introduced in the first place shows that the company has interest in this area.
-VC funding is going into Bitcoin startups, not FB credits or Dogecoin.  That makes it easier to convince stockholders.
-COIN ETF on NASDAQ same as above.
-More and more retailers accepting Bitcoin, You can't spend FB credits anywhere other than on FB.
-Bitcoin's growth bottleneck (in my opinion) is in end user adoption.  FB could be that "killer app" that apparently some people are looking for.  Shows a good fit for the two.
-FB is not the cool new thing anymore.  It needs a new product.  Facebook phone?  Where did that go?
-FB, for the average Joe, solves the Bitcoin address "problem", it can be a mainstream wallet.  Brings ppl back to FB.
-Bitcoin needs escrows when dealing with strangers, or a universally-recognized -trusted- brand.  Who will be that brand?  Paypal or Facebook?
Why would FB want to deal with your bank, your credit card company,etc. when dealing with its "currency", when it can just skim off of your Bitcoin transactions?  FB credits require more server space, more support for those servers.  Bitcoin has a network that is F-R-E-E built in.
-a number of other reasons that I haven't thought of yet.

Why not?
Many other big companies like Dell already accepting Bitcoin or planning it (Amazon).
I think for FB this will be smart move because they have a lot users who are outside of USA, not used (or don't have) to CC, so if they offer Butcoin I think many FB users will educate themselves about it and happily accept this way of payment.
Digital currency for digital services FB is offering to his users, why not?
In my opinion this is win win scenario but of course FB officials will decide.

They will need to integrate it with their facebook store to stay competitive.

I heard Facebook more and more start demanding scanned IDs from their users. So this might well be in preparation of the move, satisfying AML and KYC.

And no, they won't adopt Bitcoin or any crypto for that matter, they simply will set up a centralized system. Also they already have billions of users, more than Bitcoin unfortunately, and a strong network effect behind them.


well, guess who owns Instagram.

I thought there was already a couple of apps that allowed you to send bitcoin through Facebook messages, although last I heard they were in beta phase and invite-only.

Sorry I cannot recall the exact names at the moment.

It would be too cheesy of Facebook to try and start their own coin... Just more layers of distraction upon distraction.

As a multi-billion dollar corporation I'm not sure they are ready to deal with the potential legal hassles of bitcoin and they likely have pre-existing relationships with other corporations that are profitably based on dollar-related fees that could possibly be done away with by implementing bitcoin.

If facebook will adopt bitcoin we will see a real pump in value.

What they could do is allow people to send bitcoin to each other. They have billions of users; families, friends, young, old etc. Why not make it a de-facto remittance service / bank?

I don't think so, but would I like to, yes. One huge yes. It would be amazing for Facebook and Bitcoin alike, but still it is unlikely to happen, soon at least.

Post title with a question mark at the end? Time for rampant baseless speculation!

I believe that Facebook will love Bitcoin so much that they'll pay out dividends to stockholders in the crypto! I heard Mark Zuckerberg wants to make sure every kid in Africa has their own shiny Bitcoin!