Is Facebook trying to profit from Cryptos ? - page 2.

Japinat

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Quote from: betty11 on September 09, 2019, 02:38:15 PM

Maybe Facebook team are yet to fully understand bitcoin and hence they are dealing with altcoins for now, later on they can get on with bitcoin. Without bitcoin no other coin really make sense, except one wants to introduce scam to the public.

I don't think, they are a big company and very profitable and they are involve in tech business so I don't think they aren't aware about bitcoin.
They are planning to launch their Libra coin as they want to beat all coins that are use for online transactions for payments and etc. but the government are requiring them to comply with the regulatory requirements, once they were able to pass that and launch their coin in the market, it's guaranteed that they will be very profitable as they can use their popularity to introduce their coins to its facebook users and its network.

Wit that, they can profit in crypto with their own, not by investing in existing coin, they want to compete with the existing ones but will not compete with bitcoin as they are launching a stable coin.

betty11

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Maybe Facebook team are yet to fully understand bitcoin and hence they are dealing with altcoins for now, later on they can get on with bitcoin. Without bitcoin no other coin really make sense, except one wants to introduce scam to the public.

Irvinn

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No one can say with accuracy up to 100% what Facebook plans are and what external plans are already active in the cryptocurrency market, but very strict requirements have already been put forward for the Libra project, as stated by the head of the US Federal Reserve Jerome Powell. Apparently because of this statement on the weekend, the price of cryptocurrencies fell very much. If you pay attention to Bitcoin, then the coin fell in price by almost 3% and the capitalization of Bitcoin fell to 186 billion dollars. I understand that the government of the United States of America will pursue the Libra project until the end, so that the developers themselves abandon it.

kecha1

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Quote from: whtchocla7e on September 05, 2019, 08:20:35 AM

Cryptocurrencies are the focus of attention worldwide, it grows and spreads quickly. Facebook is a tycoon in the internet, it cannot ignore this piece of market bread.

I agree with you. They can not ignore this segment, but it is unlikely that they will be able to create something really worthwhile, something that will appeal to people

SirLancelot

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Quote from: bryant.coleman on September 04, 2019, 08:14:18 PM

Who is this Alejandro Caballero? I will never give this news any importance, until Facebook issues a statement confirming it. In the past also, I have heard about many such rumors, and all of them turned out to be fake. Facebook has consistently taken a very hostile approach to the decentralized cryptocurrencies, especially Bitcoin.

Obviously they are trying to increase their revenue by coming up with the centralized cryptocurrency called "Libra". But then, why should they give their competitors any advantage by allowing those modes of payments? In Facebook apps, the payments should be in Libra, right? Why they should allow coins such as Doge, which can pose competition to Libra?

If you check when thee op posted that post, you will see that it has been 2014, and I am surprise someone had to revisit that old post and everything that the op posted there is all lie. You know how Facebook has been had on cryptocurrency in past prior to now, if they had been interested in cryptocurrency since 2014, we would not have seen all those harshness from them, it is just of recent that they decided to come up with their own blockchain technology also which will in turn produce a centralized coin called Libra.

From their little abstract that I saw, they are not competing with anyone and they are not partnering with anyone, but creating service that even the banks, government and many citizens will want to use which I really doubt since it is a centralized coin, the only group of people that would support their coin are banks.

whtchocla7e

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Cryptocurrencies are the focus of attention worldwide, it grows and spreads quickly. Facebook is a tycoon in the internet, it cannot ignore this piece of market bread.

Tonteus

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Quote from: bitbunnny on September 05, 2019, 01:40:04 AM

Facebook is losing popularity and great deal of users so he tries to compete and keep track somehow.
Libra is latest try but I don't think that coin will be successful. They wanted something different from Bitcoin but to gain same acceptance and popularity but I don't think this is going to work.

I'm thinking about it too. Note that all the big companies in the past are in crisis, this also applies to Facebook. And Libra may be something that will change for the worse or better the situation in the company

Finestream

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Quote from: bitbunnny on September 05, 2019, 01:40:04 AM

Facebook is losing popularity and great deal of users so he tries to compete and keep track somehow.
Libra is latest try but I don't think that coin will be successful. They wanted something different from Bitcoin but to gain same acceptance and popularity but I don't think this is going to work.

Libra is big, I don't think they will just easily give up on this although there are some difficulties particularly the regulatory problems but they are sure working on it.

The launch of Libra is scheduled next year, so it's still early to conclude it will not be successful, however, provided Libra won't work, I still see some possibilities that facebook is going to crypto in other forms, maybe they will begin accepting crypto and I think that's a great news also, they will surely find ways to benefit on crypto as the market has a big potential that will help their business to grow more.

bitbunnny

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Facebook is losing popularity and great deal of users so he tries to compete and keep track somehow.
Libra is latest try but I don't think that coin will be successful. They wanted something different from Bitcoin but to gain same acceptance and popularity but I don't think this is going to work.

coin-investor

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I've checked those applications that give altcoins for tipping in the Facebook platform and this is what showing on both pages

Quote

This page isn't available
The link you followed may be broken, or the page may have been removed.

The thread creator is in error in accusing Facebook, when it was created by an independent coder, we all know that you can create an application on Facebook because they have a developer console, that doesn't mean that all applications coming from Facebook are created and owned by Facebook.

They have an option to delete it, so it's not the Facebook that is going to make a profit or do not want Bitcoin on their platform it's the independent creator that does it.

bryant.coleman

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Who is this Alejandro Caballero? I will never give this news any importance, until Facebook issues a statement confirming it. In the past also, I have heard about many such rumors, and all of them turned out to be fake. Facebook has consistently taken a very hostile approach to the decentralized cryptocurrencies, especially Bitcoin.

Obviously they are trying to increase their revenue by coming up with the centralized cryptocurrency called "Libra". But then, why should they give their competitors any advantage by allowing those modes of payments? In Facebook apps, the payments should be in Libra, right? Why they should allow coins such as Doge, which can pose competition to Libra?

NavI_027

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Quote from: BitCoinDream on September 04, 2019, 06:59:47 PM

Bumping to revisit from where to where we have arrived. FB now wants to out-compete stable coins with Libra.

To be honest for me the tipping app is more lovely concept than the Libra because this allows us to give more appreciation to content makers on FB not only just by clicking the like button and sharing it in our friends compare to Libra which it's main purpose is just to store value and use it for payments. Yeah! They are both advancements on this huge social media company but I think the first one got more sense of charity

.

BitCoinDream

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The revolution will be digital

Bumping to revisit from where to where we have arrived. FB now wants to out-compete stable coins with Libra.

Harley997

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It is just a tipbot, im sure there will be a bitcoin one sooner or later.

NotAtOld

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Jesus will the good news ever end?

InwardContour

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Quote from: Bitcoinpro on July 27, 2014, 12:45:10 PM

Quote from: smoothie on July 08, 2014, 01:55:08 AM

Quote from: franky1 on June 06, 2014, 12:35:32 PM

there is a single script kiddie that made all of those altcoins as his pump and dump to make money out of fools that swap their valuable bitcons for his worthless couple dozen coin designs..

he now wants to try making them appear useful by making an app. and promoting it through coindesk.. i even suspect the OP is a sockpuppet of the coin dev and using a subtle form of advertising here..

all in all dont trade your bitcoins for those worthless altcoins

This ^ is probably what has happened here.

Silly kiddies. Cheesy

its quite a sobering lesson to learned but all in all it can produce some decent profits if your not the person left holding the alts

Trading alts is very risky but the gains could be huge, with pump and dump coins just try to be on the right side.

saybia

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They have the majors coins. They are adding more. Yes, they even have Bitcoin's little bastard brother, Trollcoin.

https://apps.facebook.com/wpmultitipping/

Bitcoinpro

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Quote from: smoothie on July 08, 2014, 01:55:08 AM

Quote from: franky1 on June 06, 2014, 12:35:32 PM

there is a single script kiddie that made all of those altcoins as his pump and dump to make money out of fools that swap their valuable bitcons for his worthless couple dozen coin designs..

he now wants to try making them appear useful by making an app. and promoting it through coindesk.. i even suspect the OP is a sockpuppet of the coin dev and using a subtle form of advertising here..

all in all dont trade your bitcoins for those worthless altcoins

This ^ is probably what has happened here.

Silly kiddies. Cheesy

its quite a sobering lesson to learned but all in all it can produce some decent profits if your not the person left holding the alts

Bitcoinpro

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Quote from: franky1 on June 06, 2014, 12:35:32 PM

there is a single script kiddie that made all of those altcoins as his pump and dump to make money out of fools that swap their valuable bitcons for his worthless couple dozen coin designs..

he now wants to try making them appear useful by making an app. and promoting it through coindesk.. i even suspect the OP is a sockpuppet of the coin dev and using a subtle form of advertising here..

all in all dont trade your bitcoins for those worthless altcoins

you where obviously paying attention to the name of the OP

gbooz

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Quote from: BitCoinDream on July 27, 2014, 09:39:02 AM

Quote from: gbooz on July 27, 2014, 05:03:03 AM

Quote from: shockinglyugly on July 26, 2014, 03:55:59 PM

Quote from: BitCoinDream on July 26, 2014, 02:51:36 PM

Quote from: BitsBitsBits on July 08, 2014, 04:35:48 AM

Quote from: btc-pokerstars on June 06, 2014, 01:14:39 PM

They should its the future, I bet they make their own coin.

The Facecoin?

As I have learnt FB is already having Facebook credits, which is equivalent to centralized pre-mined alt coin.

this makes a lot more sense then the face coin as you know that fb credits cannot be 51%ed

Yes, because fb credits are 100% controlled/owned by the FB.

The basic difference is that that is not de-centralized and hence does not depend on cryptography.

Yes, what I am trying to say is that FB credits are not de-centralised and are not cryptocurrency.

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