Is Facebook trying to profit from Cryptos ? - page 3.

ScreamnShout

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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.

Facebook doesn't really have any reason to need to depend on cryptography when dealing with it's credits. Users ultimately need to pay facebook for the paid services that they will provide (likely ad) and will need to trust that facebook will follow through.

BitCoinDream

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The revolution will be digital

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.

gbooz

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Activity: 56

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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.

shockinglyugly

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Activity: 52

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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

doggieTattoo

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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?

Why would they make their own coin? Any crypto coin would need to be decentralized but a Facebook coin would conceivably only be used on Facebook. Do you see the problem here?

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

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.

BitsBitsBits

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Activity: 168

Merit: 100

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?

smoothie

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LEALANA Bitcoin Grim Reaper

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

Nerazzura

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Activity: 378

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Quote from: Swordsoffreedom on June 06, 2014, 05:38:44 PM

I guess it is easier to tip someone in a low value altcoin than it is to use a main coin like Bitcoin
That said or they are trying to avoid any controversy with facebook and bitcoin by going with the less popular coins instead.
Still worth noting in my opinion.

we really need to use another altcoin and also invite friends in order to remain stable and balanced market, or we do not get at all. altcoin or bitcoin

cccarnation

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One Token to Move Anything Anywhere

Quote from: unexecuted on July 07, 2014, 03:23:31 AM

I had a scary thought.. Facebook creates its own altcoin, let's call it Facecoin, and basically positions itself to be the only tipping mechanism allowed through their site. Someone reassure me this would never happen, please?

I don't think that's a reason to be afraid. Same reason an iCoin is probably not going to happen. Of course it would be easy to implement something like that within the walled garden, but it's hard to believe that merchants around the world would accept facebook or apple bucks. Just too American and not enough International.
However, of course they might try ...

unexecuted

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I had a scary thought.. Facebook creates its own altcoin, let's call it Facecoin, and basically positions itself to be the only tipping mechanism allowed through their site. Someone reassure me this would never happen, please?

Swordsoffreedom

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Leading Crypto Sports Betting & Casino Platform

Quote from: JypsiCreme on July 07, 2014, 03:00:35 AM

Why BTC let Doge be the first approved app?

Much Wow
But if I had to guess a reason its called the Winklevoss Twins Cool

JypsiCreme

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Why BTC let Doge be the first approved app?

ShakyhandsBTCer

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It's Money 2.0| It’s gold for nerds | It's Bitcoin

Quote from: Dogtanian on July 01, 2014, 12:06:55 PM

Quote from: tabnloz on July 01, 2014, 12:01:42 PM

Quote from: allthingsluxury on June 07, 2014, 10:53:12 AM

Eventually, Facebook, along with most major businesses will be on board with Bitcoin. This wave can't be stopped.

Not hard to envisage a future where you send money to your friends/family etc using facebook.

It's scary trying to envisage this. It seems Facebook or some other form of social network will be engrained into every faucet of life. I'm not sure wether this is a good or a bad thing. It is definitely left open to be exploited though.

There is no rule that you have to tell facebook every little detail about your life and there is no rule that says you have to use them for currency remittance.

monim1

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Quote from: Mudd on June 06, 2014, 12:29:23 PM

It's just an app made by someone else. Facebook is just allowing that app.

I agree with you. I have also notice that its a Facebook app. In Facebook you will find a lot of apps.

rext

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Sooner or later all of us will be connected

Harley997

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Quote from: Dogtanian on July 01, 2014, 12:06:55 PM

Quote from: tabnloz on July 01, 2014, 12:01:42 PM

Quote from: allthingsluxury on June 07, 2014, 10:53:12 AM

Eventually, Facebook, along with most major businesses will be on board with Bitcoin. This wave can't be stopped.

Not hard to envisage a future where you send money to your friends/family etc using facebook.

It's scary trying to envisage this. It seems Facebook or some other form of social network will be engrained into every faucet of life. I'm not sure wether this is a good or a bad thing. It is definitely left open to be exploited though.

I would argue that it is a bad thing as any website that is this connected to your life will ultimately know a lot about you which leads to decreased privacy. I would personally not want facebook knowing about where I spend my money or who I send my bitcoin to.

Dogtanian

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Quote from: tabnloz on July 01, 2014, 12:01:42 PM

Quote from: allthingsluxury on June 07, 2014, 10:53:12 AM

Eventually, Facebook, along with most major businesses will be on board with Bitcoin. This wave can't be stopped.

Not hard to envisage a future where you send money to your friends/family etc using facebook.

It's scary trying to envisage this. It seems Facebook or some other form of social network will be engrained into every faucet of life. I'm not sure wether this is a good or a bad thing. It is definitely left open to be exploited though.

tabnloz

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Quote from: allthingsluxury on June 07, 2014, 10:53:12 AM

Eventually, Facebook, along with most major businesses will be on board with Bitcoin. This wave can't be stopped.

An interesting thought was tweeted by Rick Falkvinge today saying that Facebook could basically take over banking within 2 years.

Think about that for a second.

Its has a billion strong user base and already has all your info. It is only a smallish step to 'verfy'identities for money transfer. Twitter already does this.

Remittance is a multi billion $ industry with large fees. It has long been rumoured that Facebook has been looking to enter the payments space.

Not hard to envisage a future where you send money to your friends/family etc using facebook.

newIndia

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Quote from: leezay on July 01, 2014, 09:50:43 AM

No reason why both facebook and bitcoin can't mutually benefit from joining.

Its not about benefit for FB. Zuck is doing fyne w/o Bitcoin, but Bitcoin needs FB. SO if Zuck employs Litecoin or Dogecoin instead of Bitcoin, because of his enmity with Winklevoss, that wont do good for Bitcoin.

Topic: Is Facebook trying to profit from Cryptos ? - page 3. (Read 7771 times)