Bitcoin Forum

https://www.nytimes.com/2019/02/28/technology/cryptocurrency-facebook-telegram.html#click=https://t.co/dafMzFxBWE

Did anyone read this article in the NYtimes today? I personally had a good laugh because I would love to know how they are going to achieve a truly decentralized cryptocurrency. I could see them incorporating an incentivization system into their platforms but not create a truly decentralized crypto. The only 'stable' coin project that I am aware that is decentralized and is said to succeed where Bitcoin hasn't is Ampleforth due to their elastic supply protocol. Are there any others?

I also laughed so hard as I saw that, how can they say telegram succeeded where bitcoin failed, telegram is not a fully decentralized platform, I can say it is more anonymous than most of the social media but I can vouch for the case of decentralization.

I personally have seen the telegram servers go down a lot of times which is something that is just not possible for a system that is fully decentralized. Most people just give information without proper research.

Its really laughable how writer compare Bitcoin with Facebook & telegram, their coin will be centralized for sure. There are already projects available like in the market like MIXIN from their messaging app one can send digital currency but the thing is this centralized players like Telegram & Facebook already have huge user base but comparing bitcoins success with telegram & Facebook is crazy.

I do think that the author talks about the financial aspect. Although speaking about decentralization there is a huge doubt going around that a big company would make a decentralized coin which they cant control. Just to say that the words company and decentralized can not get along so well because company is all about greed.

Bitcoin didn't fail and will not fail as far as I know. Facebook and Twitter can't take over Bitcoin  and will not even in the near future so the post is irrelevant

There is no way facebook can create a decentralized crypto coin comparable to bitcoin where infact they have a figurehead (M.Zuckerberg) and a business board they are answerable to.A truly decentralized system does not have an economic interest for its creators.Satoshi has never moved his btc even at the peak of the bull market.You can say same for fb created to make profits

I wonder too what could be more decentralozed tham bitcoin and why it would be implied that bitcoin failed.the challenge seem to be that some relate the success merely in terms of price appreciation, forgeting the unique solution it offers as a better  alternative to fiat money

Facebook and telegram can not stand bitcoin importance at all
Because bitcoin has been dominating the digital payment world and is used seamlessly for digital payment
There are several bitcoin atms across the world and wide acceptability

It seems to me that there is always such a pattern where a person can lose, as well as simultaneously somewhere up to be something. Thus, it is possible to characterize the current situation in the cryptocurrency market. I noticed growth threw certain projects 2 times, although for example, the ethereum today went down again.

Facebook amd telegram are social media and chat platforms respectively
None has the Blockchain capability neither the financial wealth to compete with bitcoins value on the market cap

I don't understand what point op is trying to make with this. What does Facebook or Telegram has to do with Bitcoin 
Your Ampleforth "stablecoin" is an interesting idea. I just went through it online. It is not really a stablecoin though.

Well, Facebook and Telegram was working on their own cryptocurrency or their own variety of digital coins if you would read the article that OP provided you would surely know the relations with facebook and telegram regarding the bitcoin and the technology behind it,

And for the Stablecoin, you are talking about they are like cryptocurrency but was powered by fiat currency so they would render their price with the market of fiat currency that is why they are called stable coin, And linking it to the project of facebook and telegram even though they said that it is most likely would run on blockchain I would doubt it will work, But in my opinion there is a big chance that Facebook may succeed than telegram, I can say that Facebook has a lot of users than telegram and people that are using Facebook will surely got hook in using its digital coin, But let see if they can really pull out a stunt as bitcoin did,

And by the way, Bitcoin is not a failure for bitcoin enthusiasts like me it sure needs time to recover but it will not become end up in zero and will continue.

So far, I do not see the result not from Facebook and not even from Telegrams. I believe that until we see these coins, then talking about them is pointless.

bitcoin is very different from telegram and facebook and they will not be able to compete with bitcoin,
facebook and telegram are not decentralized.

I don't think they are committed to make a decentralized cryptocurrency or decentralized platform, they already have a huge foundation as both platform and company, they just simply want to adopt blockchain technology. The same as Ripple and some other "fake" decentralized platforms.

There is no possibility to that. It's just a hype around this project. Facebook and Telegram can not and will never replace Bitcoin no matter how it tries. Even though we have always believed that Bitcoin might be there again on the long run,  but I doubt the possibility of this two projects taking over

It is not meaningful to say that Bitcoin, still in its infancy, has already failed. Let Bitcoin stand up, walk with small steps, learn to run, learn to speak. Then see again where it failed.

Facebook and Telegram is big social platform and have so many users, but this is not the main guarantee of the cryptocurrency they will launch.

for example, BitTorent, even though it has a large number of users, the event yesterday if it was not supported by Tron, I am not sure that it will be "quite successful"

In My Opinion, BTC still the KING

I read this post and I see this as a positive sign for cryptocurrencies . I doubt that these companies will be able to create a pure decentralized crypto space. However, they will be able to increase awareness among people about the potentials of cryptocurrency which is what the industry so needs.

The popularity of them have come from their big names and no more. Bitcoin has been starting from nothing to something. They didn't even understand about real purpose of bitcoin and satoshi's vision.

I'm somehow lost and couldn't believe the write up, saying such things are really unrealistic about bitcoin comparing them to Facebook and telegram, that's way too worse than one can think of. I think it just an idea he felt like sharing them.

That's correct, Facebook and telegram are social media where its main motto is connecting friends in a simple word, I don't understand why these people are comparing with bitcoin and other crypto's where the technology was made to give source for the public. Digital currency is entirely different from this topic.