Topic: This is Decentralized power! Facebook down while bitcoin up strong! (Read 930 times)

Haha Go Bitcoin!
And on a similar note, twitter is having trouble today too.
All DMs with links are being blocked as spam.

wait why are you comparing a cryptocurrency to a social media corporation? also, bitcoin is not quite decentralized.. the mining pools are the ones that control things.

I was on Facebook for the first time in about 3 months last night.  There is an Bitcoin / Altcoin company that is giving Bitcoin away daily.  I went ahead and signed up.  So far, I have been getting small amounts of Alt currency.  It is one of those limited pyramid schemes that looks a little shady, but I can not figure out the scam.  The thing that troubles me - is that they are giving the money away - and simply asking for more people to join and recruit others.  But currently - all they are doing is giving money away.  Who doesn't like getting free money?  Could this have something to do with Facebook going down?  The link was sent to me on Facebook. Here is my referral link - https://qoinpro.com/5e406a941a2ba781b669a6b979d6f144  I would like to understand how you can make money by giving money away and not ask for anything else - other than to share the info on where to go to join.  Help me out - is this a scam - or is this for real?  And WHAT is the deal in setting up a website that just gives small amounts of Bitcoin away daily?  Is this a cool operation?  I use a trash email account when I set up the account with them, in case it involves email spam.  This was one of those - "it's too good to be true" - situations, but I simply cannot figure out - if it is a scam - what is in it for them.  Any ideas or suggestions on what this is about?

We need a new decentralized  social networking site using storage technologies from projects like maid safe, and the social network should have ability to let users tip each other..

They wont NEED to we want them to

All the social networking site will eventually need to integrate bitcoin into their application.

That is when the bull really take off.

I too missed that part, I also thought down in price, it is near all time price highs.

On that note let me add this. What does the OP think will happen to BTC if and when the internet is down?

There was even a very recent thread in this forum on that exact topic.

OH, by the way I have not noticed facebook down.

facebook gets 2.5billion in advert revenue in the 3 months of spring 2014

so that equates to $18667.86 a minute. that means for every minute they are offline, $18.6k lost.. (translated: 31.37310924 BTC loss a minute)

so how many staff members did they have to sack to recoup losses due to downtime.

yeah, down in the sense, network crash

Someone didn't read the OP... "down" as in "downtime" not "down" as in "price fluctuations"

yes, bitcoin is raising from $12xx to $600, yeah! to da moon!

Facebook, twitter and other silicon valley giants may be having market cap of tens of billions, they may buy some photo sharing app for more money than market cap of bitcoin and people at r/buttcoin can make fun of it..

But one thing to remember is that...

they are all not decentralized and have single point of failure while bitcoin is a decentralized marvel of cryptography and technology.


Today facebook was down for many, a situation that never will happen for bitcoin