Facebook is a great marketing vehicle. They might want access to make posts, like for example, when you send money, for promotion (like venmo). No new practices for a normal business here. The saddens me though. I felt Stellar's direction was more "open source" and less Ripple, and doing this is a total Ripple move.
It's the exact sample as Ripple and is founded by its' founder. They discovered that there weren't enough schmucks to buy their premine for Ripple so they repackaged Ripple under a new name and now they're calling it "free". It's two legs belonging to the same body.
Problem is they won't get millions of users, only tens of thousands. They have 5 billion coins to dump / manipulate prices with while the public only has like 300 million. They can sit the price to anything they want with ease due to all the hype-tards emptying out their wallets.
You guys made Ripple rich all over again.
So, all this is to increase the demand and the price in the market and once they is serious demand in the market they will start dumping and make 100% profit?
It's what Ripple did in the very beginning. They gave out huge amounts in the beginning (for almost next to free) and then reigned any promise on distributing their coin to the masses. Ripple has a huge capitalization but only a mere fraction of it is traded.
Right now are getting word that Stellar isn't even honoring its' $10 claim anymore, they've been sending people amounts worth less than $10 (even less than $5 as I have read elsewhere).
99.7% of Stellar has yet to be distributed. They control 94.3% of trading Stellar. Then the 5.7% that isn't owned by them, most of that is owned by people with tons of fake facebook accounts (verification was only added later) or guys who are speculating buy (on Stellar forum one guy is bragging about 24 million that he has).
Sending out 300-1000 stellar right now to people who were waitlisted days ago is a joke, lol.
Meanwhile Stripe investors have 2 billion coins they can dump at any time, likewise 3 billion for Stellar (this is the 5 billion I am referring to but Stripe owns 2 and Stellar owns 3. This is like the left hand not knowing what the right hand is doing, either of them can crash Stellar to spite the other).