Bitcoin Forum

Yesterday I created a topic here about Facebook Coin: https://bitcointalk.org/index.php?topic=5129560.20

After that Nathaniel Popper, a NYTimes reporter that covers crypto, said Facebook is raising money for its crypto project. Seems like I may not be wrong in my article.
Here and here:
https://twitter.com/nathanielpopper/status/1115331482384388098
https://coingeek.com/facebook-seeks-1-billion-investment-from-vcs-for-its-crypto/

I can't see other reason for Facebook to be raising money if its not to back its own decentralized crypto. FB wouldn't need to raise to issue a stablecoin.
Everybody in the original topic said FBCoin couldn't replace bitcoin. While I agree that the ultimate store of value will remain BTC, I think FBCoin could easily surpass BTC in daily usage and, therefore, market cap.

I ran some numbers and I think its possible that FBCoin launches with around 300B USD market cap and reaches 1T in a few months. I'm comparing to HKD M0/M1 and HKMA's stability fund.
But I think FB should raise at least 10B to cover the initial stage of running a "sovereign" fund to stabilize the currency against extreme volatility, like I wrote in my article: https://medium.com/blockchain-positive/how-facebook-coin-can-help-billions-of-people-by-not-being-a-stablecoin-d780b6579e93


Brace yourselves, new times are coming.

Too late. They most likely missed the crypto train. Banning crypto ads and accounts damaged their reputation and it wasn't already in a good shape before it.

It will still create some hype however. It still has a name which is worth millions of dollars. Just a name...

Facebook is late in the cryptocurrency industry but when facebook start their own coin everybody speculating about their own mind on facebook coins future i personally feel facebook coin is just a centralised coin they are developing for their future

This will be very good for Facebook having to tokenise their space. Facebook has improved over time especially the aspect of adding reward for posts. With a digital asset it will be easy to have a global outreach.

In the end, Facebook started to make their money, but I think Facebook is doing it a bit late for this money-making industry.

This ought to have been done before this time, i do not know why it has taken Facebook such a long time, because people have been anticipating for it.
Then i do not expect the platform and neither do i expect the coin to be decentralized, rather it will be centralized considering its organization.

Decent article, but remember this is not the first time Facebook has come up with something like this - Think Facebook Credits (https://en.wikipedia.org/wiki/Facebook_Credits). It was, basically, a failed experiment. This time their focus seems to be on the global remittance economy and this system would probably enable users to send money through Whatsapp & Messenger. But don't think this is going to be easy as most non-first world countries (recipients of highest remittances) have a huge money laundering problem & their regulators wouldn't want something like this happening on a massive scale.

And this name is enough to reach the desired position. In this case, everyone is looking for more profitable money and fbcoin began to look like one of them. Probably a new hype on the way.

The name alone will generate so much hype, their past actions won't even matter.  They could raise hundreds of millions if not billions if they really wanted to.

if that true then it's good for cryptocurrency
facebook have biggest community though then when they join crypto that gonna make crypto more growing
also mark zuck isn't someone new on internet this day. can't wait for that

It's a welcome development, they should have made this earlier, but it's not too late, they are a giant in their field, whatever they do will become a huge success and that includes being a part of cryptocurrency, it's going be great news and people will be more aware of cryptocurrency, because of Facebook.

Don't they have enough money themselves to start this crypto project! Perhaps they are trying to catch up for all the time they missed when they banned crypto ads

facebook yeah I'm not gape that he can raise a lot of money, I don't know what happened to make Facebook coin sure that it will surpass Bitcoin, by the way I'm not interested in it as there has been an unpleasant bad statetment from him about Bitcoin

It looks like it's a little late. But with a company as big as Facebook and a huge number of users, the potential to catch up in the world of crypto and blockhain is very large. Meanwhile, with the presence of Facebook in the crypto domain and the blockchain it will have a big impact in disseminating information about the crypto world globally, considering the huge Facebook community.

I also think is late, maybe no more people will start invest on a new coin, as most people focus on old coin, like Bitcoin, Ethereum, coins which show that can grow, and give profit over time.

Yes,I agree, why was it necessary to put restrictions for advertising of crypto-currencies on its own platform?To then create your own cryptocurrency?).I recently went to the circus and I have a feeling that I'm still there.Let's see what will happen next,but in any case Facebook will launch its own cryptocurrency.

people who start invest on a new coin they will invest just not for long time, they just wanna get low price on ICO  ;D

Facebook raising found for it token make it unstable coin because from past events all stable coin are developed by the team and sold out to the public but Facebook raising found for it coin is unacceptable and at that has made them not stable coin, there have already miss the train.

Perhaps FBcoin will surpass bitcoin for daily uses. But I don't believe it would be surpass by value. It might not happen what we are expecting. We should not super-enthusiastic regarding FBcoin. Bitcoin is mother coin and it will remain in my opinion. I am not sure how FBcoin will recognize on crypto-world. Its true it would be a potential coin and a positive thing for crypto-world, but it doesn't mean it will king of crypto coin. Once Coinpayment has created CPS I have seen lot of comment it will be 10$/100$ and so on, but eventually it is worthless. Even you can't sell anywhere including Coinpayment internal exchange.  So I not super-enthusiastic about FBcoin.

Although Facebook has lot of users in the world.  It's good idea for Facebook owners to make Facebook coin.But l think this decision taken by fb owner is to late,Whenever different types of currencies are in the market like crypto currency etc.so l think how can face them .

This delay is because previously Facebook strongly opposed crypto ads on Facebook, I think this is a good idea for Facebook to make coins as stablecoin

The only advantage this Facebook coin will bring is global adoption of cryptocurrency and am happy to see them raising fund for their coin. According to OP, Facebook coin will be decentralize and may be able to measure up with Bitcoin. Bitcoin be the mainstream of the blockchain will still be operating as the king of cryptocurrency because of it dominance.  

For a while there I thought you were referring to this new feature of facebook https://i.imgur.com/89gqbeM.png


Anyway, the platform has millions of users so those numbers might actually happen. I just wish all the hype will be gone and they will just launch their own crypto.

This issue has been on the agenda for a long time, but as far as I know there is no official statement from Facebook! Just a gossip until this official release comes.

Why the hell they need 1 billion USD? And they are looking for a money? They do not have enough?
Come and invest into another useless centralized sh**coin which termed itself as a cryptocurrency.  ::)

If this is true because am yet to read about it in any mainstream media, then it is a good omen for the industry and it will benefit the entire industry and change the image of cryptocurrency globally and increase wider adoption of it.

Facebook is too late to integrate this technology into its infrastructure and to extract its coin or token. Especially the fact that this process is in the period of bad market conditions and demanding high money outside of its own capital is another problem. Although I believe that it will be a successful project even if there are negativities in the market, but as I said, it is too late to integrate and enter into these technologies. If you think that the marketing department will work well and will create beautiful usage areas for this coin, it will definitely be a successful project.

This is fantastic news for facebook users and all alternative crypto maker.Because facebook have biggest community though them so when they can join crypto market.
also mark zuck have good Merritt so if involve he can make a new discover.

Yes yes I heard this aswell but I in my opinion their action is coming too late. I'm curious tho of how will they promote Facebook Coin and what purpose does it serve because if it is only for facebook then it has no real use outside it. Facebook must think well before they will release all the info about the project.

If FBcoin can manage to be used as the most widely daily used coin, it will be a matter of time to surpass bitcoin because bitcoin is now mostly hyped because of investment, on the other hand, FBcoin will have the usage along with heavily invested coin since it is backed by Facebook, a giant in the tech area.

That's right what you say because the main goal is to build a useful and mutually beneficial industry. Maybe when compared to Bitcoin it's much different for its marketing capacity, but I'm sure something new must have different or better advantages. I strongly support the hard work of people in building something well-intentioned like Facebook that makes its own Cryptocurrency.

it's not true that Facebook is late into the crypto industry, in fact the social platform is most widely used in daily life. This does not rule out the possibility that Facebook cryptocurrency will get popular after bitcoin with the magic touch they apply later.

I think fb has millions of dollars in daily ad revenue so does not make much sense to raise more funds for developing a coin for their platform, the reason may be that they just want to take their part of the ico pie and receive significant funds just like telegram did so looks like every one is jumping on board and this indicates the massive future ahead for crypto and blockchain tech.

Initially, I would like to know their real purpose, with which the facebookbook is trying to create his own personal coin. How they want to use the blockchain in this situation. If for providing better services and maintaining the confidentiality of all users. Well, then this is a serious argument. And if only to earn more money, then this is a very rash idea. TO

facebook is a silly company run by a massive twerp called mark zuckerberg. i wouldnt touch any coin they issue with marks'.

facebook and everyone involved wih it can die in a fire and the world would be a better place for it.

ya telegram raised like 3 billion dollars or some shit
it was a crazy amount anyways
i bet FB was pissed when they saw that and now they want in on ICO craze

My problem i see is most people dont understand immutability, and especially since banks make it seem like when money gets stolen from you its just magically replaced in your bank : /

Believe buddy, when i say this, what you mentioned above won't in anyway do any harm to facebook doing an ICO. In fact,  it will instead increase the popularity of facebook all around places over the world.

that number in my opinion are simply too high! 300 billion? 1 trillion? no way.
i have one big question for you: what's is the purpose of this facebook coin? why anyone should use it?

Do we actually think it will be decentralized? If anything it will be a internal use of crypto imo or a stablecoin

I think FB coin will never be able to cross Bitcoin because there will be a position and there is no way to overcome Bitcoin yet. But the mother of the market is from Bitcoin since the day it started. So whether Bitcoin is more popular than FB coin. I think there is no coin to cross the Bitcoin. Whether Facebook is popular or not, FB coin can not even go near the side because it is too late, Facebook has come in a the crypto market.

It will be the end of the crypto! :(
Facebookcoin will be sold as "the real deal", but for sure it will be fully centralized.
But people will believe to Zuckenberg...

In fact, Facebook is not even guaranteed to remain as the site of great popularity in which it has prevailed over a decade, because for the new generations this social network is already part of the past and are looking for and developing new and more attractive forms to interact with others. It is well known that Facebook and Twitter are coming down, while cryptocurrencies are rising.

Perhaps all this rumor is just a sign that Facebook is making efforts to delay his imminent death, although it seems to arrive too late to the issue of cryptocurrencies.

I don't know why Facebook need to raise money on their own coin if the have billions of dollars. If this indeed true and push through it could be the most valuable coin and have the most use case.

Yes, this is what will happen. It's very sad.

One sentence - is FB don't have enough money that he should make fundraising? Is it true? Otherwise why they make this crowdfunding? Or they want to sell us their coin which will have made for our money? It's not clear for me absolutely. And I don't see on the tokenomics or same. But why?

it can be the most useless coin ... any cryptocurrency that is limited by some kind of resource and can be replaced with any other currency is useless. The Facebook coin can be replaced by Ethereum or Bitcoin. so facebook coin is another empty coin for internal use.

Another HYIP coin. Will most likely be binding to the dollar, will be a stable exchange rate. As for the solutions that she can decide, this is an opportunity to pay coins to all users of social network. Everyone will have their own wallet, which can be used without complicated manipulations. As for reliability unlike btc all bad, because the coin is controlled by the corporation and not by ordinary users and they can block transactions without problems.

I don't get this facebook popularity will increase even more if it will conduct an ICO. It's as if cryptocurrency investors are not yet aware of facebook. If anything, it's cryptocurrency whose popularity might increase because of this move by facebook.

Some say that Facebook is too late for Cryptocurrency. But are they really late or just in time? The hype on the move of Facebook on creating their own coin just proved that everything can be tokenized. The trust rating of the tokens will surely rise up which is good on the way up of BTC and Altcoins. We just hope for the best. Nothing will be lost when we support it.

Well, it is unlikely he will be able to outshine bitcoin in capitalization. On the one hand, this coin is already doomed to success because it has a well-known Creator, but on the other hand, stable coins are not in great demand among crypto lovers.

I don't know how serious the Facebook news is but if true, it will be a big win for crypto. Imagine when Facebook aggressively advertises it's coin to billions of users, it will be adverting crypto at the same time also.

Facebook was late with its Facebook Coin.It is unlikely that it will be popular and gather investors. Another useless coin.

I think it will be two opposing sides, I myself prefer Bitcoin if Facebook coins are born, because if Facebook coins are centered, it can be said that Facebook coins are not genuine Crypto.

They will need to clear themselves first after all the critics on BTC and crypto am not sure they will make that much of an impact but for the best parts i wish them goodluck and i will be watching how they play in the market coz right now is a tight game

the crypto experts have predicted that if Facebook issues crypto coins (Facebook Coins), then the company's profits will increase, It's never too late for Facebook to start this, I really hope that Facebook does this as soon as possible, Facebook Coin will go to the moon  :)

What I heard is that Facebook Coin would be a stablecoin valued after a basket of main fiat currencies, and the total cap would be around 1 billion dollars.

though they are a bit late to introduce their coin but don't forget the fact that they have many users in this platform. adoption of their coin would be fast and easy because it encompasses a large part of the community at all levels, rich or poor, all types of individuals, different races and so on. if the fb dev team will make their cryptocurrency easily understood as like an idiot-friendly coin, then the adoption will spread like wildfire. many people are still ignorant how to deal with crypto so creating this fb coin might gain more ordinary users and educate them how crypto coin works.

From what i see maybe facebook use their coins to do transaction in their platform. In other side, actually it is good because they have their platform first and then a coin made. Because some developer only think to make their token/coin first before have a platform to use it.

So you are telling us this is the coin that could possibly beat Bitcoin with 1 Trillion marketcap in just a few months what Bitcoin has failed to do, this is over shilling the coin, not because Facebook is a huge company that they can do this easily, we still have to see this.

The Facebook strategy is indeed quite good, with so many communities it is not difficult for the development of FBcoin. Even though there are many investors who are not interested, there will be a lot of migrants who are more curious and will contribute in it. The success of FBcoin will occur but I don't think it will beat Bitcoin.

I don't think Facebook can beat Bitcoin because they need to compete with the other strong coins like ethereum, dash, monero, litecoin, and the other coin in the 10-20 coin list. Besides that, Facebook is not the only coins that want to be the number one in the cryptocurrency list, and they need to realize this. Still, Facebook has much time to reach their goals, and if they are serious about continuing the project, maybe they can beat the low coin price first and then start to rise slowly.

Wow a good news there, but to beat bitcoin? I'm not sure about that, even if that happen, it will takes years to beat bitcoin. The first thing is they need to take an action first, no more news and no more gossip. Need an action a.k.a make it real. I just read the news and i hope it will be happen very soon.

I’m not sure Facebook is actually raising money for Facebook because the money is available
But they are correcting Past misdeeds; canceling their crypto ban law would be a step on the right path

Facebook wading into the cryptocurrency market is a very good one. I still hate them for banning crypto related ads back in 2017 though. But the thoughts of the possibility that FBcoin will bring is endless. Many companies will be forced to buy it which will rapidly shoot up the price.

Good news and it will add to the community but to beat bitcoin is not as easy as turning the palm of the hand, many things must be learned. Although the FB community itself is bigger than the bitcoin community, and this is a challenge that must be done so that investors can contribute more, keep in mind that bitcoin remains superior.

Well, the question of when the bull comes to the cryptocurrency market. The answer is simple. When large corporations come into play. Today, all social networks have decided to use cryptocurrency. What do millions of users around the world. What will put a new beginning of the development of technology.

Having FB launching their own coins is a good idea but I am asking, how could investors use this platform in a decentralized way? Is it that their coins could be used to have a profit share from their income?

And if they are success, maybe will be good for crypto community. Because what we need actually is something that can make crypto adopted and make people think positive about it. And of course, it will always be altcoin and bitcoin still center of crypto.

The article is very promising and I am very excited that facebook especially the CEO is very interested in launching it's own FBCoin.
I have read also in some news that Facebook CEO is starting to raise a money for it's coin to launch.

If you are talking about 10B usd, I guess it's kinda big but this kind of money is not possible to raise by facebook. This will be another journey of crypto currency, I love bitcoin but I would like to see also what FBCoin is capable of in the future.

It does not matter what they did before. If they are going to launch their own crypto currency, it is going to be a first mover and the first signal for the mass adoption. I hope this is true and not just another fake news.

I thought they have enough money and manpower for the project start up. Raising fund is still not bad. I pretty doubt the dialy usage of the Facebook Stable-coin will surpass that of the bitcoin. The numbers of persons using bitcoin are just very much and still increasing. Persons will always have more trust on the bitcoin than any other altcoin. If the Facebook coin is to be traded in the coin market, it's going to have a bitcoin trading pairing. Bitcoin will always remain the king of them all.

I have read about FB news developing their own crypto a year ago, but since then there has been no more information. But if FB can develop about crypto they still have a lot of policy and legal difficulties in many countries. They need to perform step by step more firmly, FBcoin can be a good solution for fanpage advertising services, stream games and many sales services in the big community. I really look forward to FB crypto announcements :)

it is true that today is indeed difficult to believe in new coins because they come together and very much makes a lot of people confused I am also more interested in old coins because I am sure the old coin also has great potential that can be released someday for sure.

Oh from them too much activity. I think the social networking race has already begun. who can win? We will know soon. I do not know it seems to me that telegrams can bypass the FB.

Wait what? Fakebook is issuing FakeCoin?!
shut-up-and-take-my-money.jpg
But seriously, scrolled through this topic quickly and only a handful of people find this lame and laughable.
Such huge company, so much money and... a fundraiser  ::) wow
It's another subversion people, now they are after Satoshi's Logos... ridiculous   

Nice to read about this, it's a great initiative but this is what they should have done since instead of trying to limit the influence of Crypto and blocking crypto adverts on their platform on flimsy excuses, anyway it is not too late for them and this will be beneficial to the entire industry

After a long time, Facebook realized that they are far behind in virtual world although they are in top 3 social medias in the world. The have realized and have come forward to the crypto to raise money to expand their motives. I welcome facebook and it is a good sign of mass crypto adoption in the upcoming days.

What might happen more if they adopt bitcoin as their currency? And that's the point. Why not adopt bitcoin as their currency? they don't even need to create a new coin for the sake of their name, partnership with a crypto with also have the crunchy name will be a good thing to wait up in the crypto world and the social media.

They made a big mistake because they were banned crypto ads, now they want to make coins so it's like a funny thing, maybe this will be a failed project for them.

In my opinion, Facebook information to collect money for coins is not entirely true. We really hope that Facebook can raise money for Facebook coins.

One thing is that no matter how much Facebook comes up with as the selling price a lot of people are surely going to do the investment.
For nothing more just because it already has a name and a lot of services going on on Facebook requiring direct deposit will shift to the cryptocurrency way of make payments through it.

I can give access for Facebook coins will be raising in the higher price because I check many investor will not be interested with their coin investment, maybe its hard when their Facebook coins will be launch to public.

No now there will be no banning but only support by the facebook, there are so many site who are working for the promotion of the crypto currency as in google you will see so many facebook users paying for bitcoin and they are working online for promotion of crypto currency for the sake of money and facebook pays.

Yes, too, heard this news,allegedly Facebook has decided to release its token,in principle, everything is possible,as they say wait and see how it ends,I believe that he already has fame as the same telegram,so it is possible to create a platform and transfer there its users and enter your token,it is quite real

I do not think Facebook is late in the industry, we are still at adoption stage and having Facebook to launch their Coin is good enough to boost the cryptocurrency market.  I believe they can get their aimed fund since they already have a name in their respective industry. They previous action won't have any effect on their aim to collect funds, that is what I believe.

why not? in the beginning facebook  start to ban crypto enthusiasts, but than they decide to join to crypto and that was right decision!

Strategically, that is a good move on the part of Facebook and could have some positive impact on crypto verse because I think once its successfully implemented, it will be one of the biggest and valid example of crypto use case and could potentially generate more enthusiasm among its users worldwide.

Well, Facebook is not a decentralized, platform... there is nothing to worry about.  What makes true Cryptocurrency/blockchain way better is the decentralization, ability to "be your own bank" ,  peer-to-peer transactions, incentives,  censorship resistance, permissionless, trustless etc

Others are saying that it's too late for facebook to launch their own coin and gather that much market cap to start. Well, it's true that they are late but you know what, investors are always riding the hype. Facebook sure is a big company and people will still invest on it knowing that they are facebook. With billions of users all over the world, the use case is big for the coin itself excluding the outside the platform transaction. It is a stable coin so don't compare it to bitcoin as a store of value.

Only to those 0% knowledge about blockchain tech or crypto would surely jump in into this hype but for those people who are fully aware on what FB
did in the past will surely pass or would just simply ignore this thing.Why they do raise up money? They can sustain it on their own with just relying on their
revenue.They are just too greedy actually.

O% knowledge people wont jump and invest on it but the ones that are expected to invest are the ones that have already knowledge on cryptocurrency because they are the ones that understand how a crypto coin work . and what did fb did on the past ? The banning of crypto related contents ?  well past is past  .

 maybe they did it because they dont want people to invest on other crypto coins rather they only want people to invest on their own coin  . lastly , your right they are greedy  .  why would they need to do ico and collect funds from the public when we all know that fb makes milions a day ?  

Facebook has a lot of money, but they understand that raising money is the norm in crypto, and if they raise money they will have some money to back up their stable coin that doesn't come from their main Facebook business, I think it is great that Facebook will have real money to back up their stable coin. They will not have enough dollars to back each coin, but they will have enough dollars to keep their Facebook coin stable.

I've heard about this years ago, and it is not shocking that facebook will adapt cryptocurrency. However, I think they have missed their chance to gather more funds since most investors are keeping away from investing due to the losses they have incurred when bear-market started.

They are creating Face coin for payments on WhatsApp   and Messenger. We do not know at this moment if it will be on blockchain. They are raising 1$ billion funds and it should be a stable coin.  It will be a competitor to PayPal rather than for BTC.

I don't think it's too late for Facebook to issue their coins, Facebook's popularity occupies the world's first social media, which automatically when they issue coins can challenge Bitcoin. And they have clear regulations, this will be more value for Facebook coins in the future

Nothing is ever too late in life and I don't think Facebook is late in creating their own coin. What I am yet to be clear from is the fundraising which worth billion of dollars. Is it to serve as collateral? nobody knows we are all just waiting for the drama the will come out of this but I don't see it replacing Bitcoin in any sort

Not really that late, they came in the right time however their decision seems vary from time to time. If I remember correctly, on 2017-2018 they seems to ban crypto ads and banning facebook account that promotes crypto project. But this is a great news in cryptocurrency as a whole, it can bring more users and believers.

i think facebook coin will be strong enough to survive in bear market today, it will be one of top 10 coin because facebook have many user on their platform.

Can someone just please explain to me what Facebook coin will be used for ? Because I think it doesn't make sense to released a coin for Facebook ,if every one keeps saying Facebook coin will grow better are they saying that because of  Facebook popularity as a social media ? Will the coin be used for means of payment? Well we have thousands of coins for means of payment ,it doesn't make sense

I wish this news could be genuine and real. But I do not think Facebook is launching its own stablecoin. But what is the fact is that it is becoming positive about cryptocurrency after coming heavily down on cryptocurrency in the past. Facebook, the giant social networking site, launching its own stablecoin will bring cheers in the cryptocurrency arena. It will also make the market become stable. Not only Facebook, other organisations, which were vocal of cryptocurrency in the past, are supporting it. 

Does Facebook need more funding? I find this strange but I will be happy to read Facebook’s white paper. Hopefully, Facebook’s move will attract and educate more people about crypto.

Facebook has a very large community, if not the largest amongst all social media platform, their coin will really go a very long way in the cryptocurrency world and I see it probably becoming the second largest coin in the whole world displacing Ethereum of its position but I really doubt if it has the power to do so to Bitcoin, Bitcoin is mostly number one choice of any investment when it comes to cryptocurrency, they trusted more in BTC than any other coin, when Facebook finally releases its coins which we are all waiting for, I am sure investing in FB coin will also have a way of boosting the value of BTC if its being paired together.

Failed project for Facebook? Do you think people are interested in pay back for something that will eventually benefits them.

Facebook already has a name, and if peradventure they truly announce their intention on creating a coin, a lot of people will be happy about this development, at least now that they have joined in the adoption stage too, they will have no reason to ban other ones, people are strictly interested on what they can benefit and not what Facebook stood against, I was not happy too during those time they were banning some crypto accounts but if I see their coin now, I will invest massively in it.

Facebook coin doesn’t even need much campaign for it to actually be widely known, Facebook is the campaign itself and its community is more than enough to shoot its coin to the moon.

Facebook might also end up operating on a less volatile market since it is going to be created for utility purpose within its community, but I strongly agree with you that despite all the strength that lies in Facebook coin, it cannot still overtake BTC, Facebook coin can only work as utility coin within its community while Bitcoin crosses across all communities and used for payment generally, since Facebook coin will be limited to its product payment operation alone, it will never be a threaten to bitcoins hence raising funds and all are nothing to me.

Facebook is not raising money for a coin. It is the dominant social network and billions of dollars in profit. In fact, their MO is to buy up existing small cap companies witha lot of potential. So it's bullshit to hear they are fundraising for anything actually.

If this is true then it will be so huge but I feel Facebook is late, if they had come up with this like mid 2017 to mid 2018. They would have been cool. But with the majority of investments leaving ICO investments, I can't say

Yes, I read that the issue of the coin is expected in the next six months. Let's see, what will come of it. At least, Facebook has a big advantage - it is a huge audience that will most likely support the release of cryptocurrency.

Facebook and other teams will still come to monetize via Crypto. blockchain Technologies are the future. Therefore, we are waiting for a lot of amazing things. Once acknowledged as the official Cryptocurrency of the power, it's a breakthrough.

Wait a minute, are you kidding me or are you saying the truth because if they are going to do that, it would be very unprofessional because since the beginning of us hearing about this news, we have never seen an official announcement from facebook confirming that they are going to create their own coin and they have not make a statement to deny it too that means mark is really working on it, though I don't know what kind of coin they are trying to create, whether they are creating a digital coin for their purpose or a blockchain coin.

I don't know just applying common sense makes this all a little untrustworthy.

First off, why would facebook need to fundraise in order to create their own coin?
They certainly have enough capital.
Perhaps they are trying to grow a community?
But, don't they already have the largest online community in the world?

Blockchains cost very little to make.
Anyone can make it, the technology is open source after all.
IT would take very little development and investment time for them to come up with their own.

Also, what would be the purpose of FB coin?
Transactions don't need the blockchain.
Blockchain is for open sourced, decentralized, anonymous transactions.
Kinda goes against facebooks centralized business model yeah?

Facebook is indeed late in starting cryptocurrency but with very large Facebook community I think Facebook will quickly catch up with them, we can only see what will happen on next few years

I think they had still the chances to get the success for their cryptocurrency but it take some time to reach in the centre of the people but once they get involved with their definitely accepted as like the previous cryptocurrency.

I have not really catch a glimpse of where and how they are raising the fund, which means are they using to raise the fund and where on their site its stated, are they raising fund through ICO or IEO, we need to know this.

But, if it’s true that they are raising fund for their own coin, it will really be a very big project that will surely be accepted by many people and they will get big investors, Facebook has overtime grown a very large database and just an announcement is enough to get the fund required from there users that are mostly active 2 hrs a day. So, I am really eager to get more information on their modes of operations.

I like that around cryptocurrency begins the hype. And such a giant as Facebook is ready to popularize cryptocurrency. The most important thing people to hear about it)

As I am aware they are raising $1 billion and it will be a stable coin. Facebook has 2.27 billion active
monthly users, so entering the market it will be a huge step towards mass adoption of crypto.

Funny that FB started to ban everything that was connected with Bitcoin. They decided to do it on purpose, as we understand, to promote their coin. Actually, I do not know much about it.

This will be a huge news likely to break the centralized world. It will send a huge positive message describing cryptocurrency and blockchain as truly the currency of the internet. This has been long coming. Mark Zuckerberg sister is already an advisor on another Crypto project called Pledgecamp

They are seriously entered into this field that's why they are doing this stuff like this and it will definitely be in a good investment and the coin was definitely been possibly more valuable when it launched and I think this also one of the important in cryptocurrency in the future

That is right, Facebook has a very large community that will give them the necessary boost they need to push up to the top 10 coins in the market, if they come out as utility coin than strictly attaching it to Facebook alone, they might end up removing ethereum from its top list.

Ethereum has total of 35 million active wallets which automatically means 35 million active users, while Facebook has about 2.3 billion active monthly users, that is like one third of the world’s population which at least 5% of them are already into cryptocurrency, imagine what they would do with the remaining 95%, at least 50% of their users will get exposed to cryptocurrency through them giving the market capitalization a massive boost which they will make Facebook coin their priority aside Bitcoin, because BTC will always be the NO 1 priority

Lots of people saying that the facebook is too late for the saying welcome in to the cryptocurrency market but i don't agree with them. I believe that Mark Zucherberg was waiting the right time and finally dediced to came into crypto World. As far as i know the facebook crypto total worth 1 billions of dollar and no one invest that kind of Money when it was late. I am sure it's on time!

I agree with your opinion, it seems like Facebook is going to build something much more ambitious than just a stablecoin. Maybe it will be some kind of platform like TON.

When a big and huge company as this come out to launch its own crypto then the investors can be sure of making profits even though its not coming as early as that but at the long run, it would pay off.

Facebook has no problems with monetization of its product, and the money collected, if they are charged, something like a dividend, may well go to the purchase of the next promising projects

It is never been late for Facebook to join the blockchain ecosystem, this is gonna be a serious project and a really good investment that's for sure with a very trusted although a peeping tom facebook. Gotta jump right at this, raising money would be very easy according to my feelings alone lol.

I am sure that one of the aim of facecoin is to make money but at the same I don't think it can't replace bitcoin.

I think they will not participate in the crypto market. Because this is a decentralized market and the Facebook token price will be easily manipulated. Large technology businesses will not want to enter the crypto market because the stock market is the best and safest place for them.

I don't think it's too late for Facebook, we know that Facebook has a big name even though it actually tarnished in the crypto world, but I'm sure with the big steps and seriousness that the Facebook party will take a lot of big investors come and this will be truly extraordinary.

For Facebook, this is of course a good opportunity to get new sources of income. If it happens, I hope fbcoin will just take its place in the top 10, Bitcoin will remain the leader in the crypto market.

Either way, they can help cryptocurrency to move forward, with Facebook with its massive advertising and being a marketing giant online, but I still doubt if it can surpass Bitcoin in terms of volume and popularity, remember Facebook is not popular on communist countries like Russia and China, I can see Facebook as just another hype coin in the making.

Facebook CEO Mark already has said about their strategy of social media coin and these steps will make them re-think their opinion to crypto regulations. The Facebook coin is not actual nowadays and there are no so many things left to do for this purpose.

I hope that the presence of Facebook coin makes crypto's performance getting better and better known globally, this is what makes us always have to be optimistic about the future of crypto, buying now is certainly very good and profitable.

right by seeing facebook users who spread a lot throughout the world, Facebook will be able to get a lot of benefits because it is very easy to find opportunities and with Facebook issuing new coins will be a new solution for the social world because it brings banking in it.

Is it final? I thought that they are raising fund for the technology.

Facebook is a project that really has great potential for improving the transition from the cryptocurrency sphere to the real one. I hope that they will be able to do a lot in order to enter cryptocurrencies.

You're right. The introduction of a cryptocurrency by such giants of the industry as Facebook can attract many millions of new users to the crypto industry.

I never heard of them have already started to release new crypto, they are interesting to create new crypto and that's true if they will try to consider their policy to the crypto again.  I never heard if they are raising fund to create new technology and where did you hear it?

if they launch their FBcoin I don't think it will replace bitcoin just because of million users of facebook, not all of them are crypto users. Well let's see that in the future.

Just looke what others are saying, they mean to say that it was already planned that FBcoin is soon to be released.

Although after researching, it was said to be a rumor and FB didn't announced such coins will exist. But if it is a fact and FB is just delaying the announcement, I wouldn't be surprised.

Lol! This is basically your own perception but not the general view of thousands or should i say millions of people still using facebook till date, this is business where people will have the opportunity to earn profit if it is available, i don't think the few accounts that were banned will have a dent on Facebook intentions, when eventually this comes to reality, watch and see how crypto community and the non crypto people will react, money has power, you should know that.

I wonder how will they play this. Will it be withdrawable or do you need a facebook account to access your wallet? Will they work with governments and AML laws and need a kyc for this? Maybe they can report your income if you bank too much on fb coin or the government asks them to.

VK Already in full working on his coin. So FB should hurry and he will lose the race. And in general, why it was not possible to create one before, everybody knew everyone that the technology was developing and useful for the company.

FB has a great community. If they develop their own coins. I think it will explode. Now many people still make money through FB.

This is a very promising industry and I am glad that Facebook is on an innovative path. On staunch step Facebook points the that many social networks began to copy these actions and create their coin. I think very close to the time when all social networks will get their coins for which you can buy intra-products or use them in everyday life. Facebook and Telegram are leaders in this field.

This news is already published like in the year of 2018. I don't really know if Facebook is raising money for their own token but if that is really true. I will definitely buy it and I will hold it for the future. For sure that will be a well develop coin. I am hoping that will happen in the future  :D

Why Facebook need to collect money to distribute their stable coin? And I guess they are just follow the fashion of blockchain, to be on the same step of evolution of financial revolution.

Almost all online business are connected to Facebook in one way or another, Facebook, instagram, what Sapp are all under same management and these  3 means are the most popular way in which people make money.

Facebook has really overtime gain the massive trust of users for what they have done in their lives with the little token they get from them and whatever policy facebook brings will massively gain recognition and be massively adopted. They don’t even need to impose the coin on people when it comes out for them to get people to comply with it. Facebook coin will indeed bring a very shining light to the cryptocurrency.

Why should they even collect some money? It seems to me that this company can make a very large amount of investment and create a token of it, because this is a huge number of programmers who today can use a very large number of possibilities.

These kind of giants are good to have big market presence for the crypto industry but who knows whether they also may came up with the centralized cryptocurrency to invest and lock our fund as they wish like how the ripple does for the crypto marketplace.

When you invest on this coin remind it, please sell instantly when FBcoin listed on any exchanges else you loose the money invested.

I even think that such informational and technological giants, such as Facebook, will replace the banking system for 5-10 years.

It is good that Facebook is joining the space and tokenizing it`s platform. It will have great impact  on the awarness
of crypto as they have more than 2 billion active users monthly.

They are coming just in time, jus tin time when the bull run is coming but I will just consider them as a hype coin just like Electroneum unless they can offer a new algo for the community, that has not been implemented yet as weall know hype coins eventually die down, same thing that's going to happen to Facebook coin.

Facebook's big name certainly makes anyone believe in their project, I hope this can make crypto great again, the thing that is still confusing up to now is that the supply of Facebook coin is unknown.

You and I know that Facebook has never really failed in any project he deep his hands into, you can’t compare the popularity of Facebook to that of Electroneum, I have never even heard of such name before, but if you ask 8 out of 10 citizens, they will tell you the history of Facebook.

I believe Facebook will not just decide to join the cryptocurrency community without having a tangible product to offer, so I believe strongly in whatever Facebook has to offer and I am so sure that its coin will really create a very big boom in the cryptocurrency marketcap, with the introduction of Facebook coin, we have just began another bright movement in a crypto journey which will see to the success of it.

The main users of FBCoin will be companies and corporations, streamers and earners and payers using bitcoin to run their company ads, stream payouts, and the like. If they play this right it is a potential billion dollars market.

I think they are seriously entered into this script of it and make the steps for the new cryptocurrency to  launch in very short time and I think their marketing strategy will be different than the other type of promotion and I think it will be silly possible to reach the people with huge attraction.

is this true they are doing it seriously, I think the chances of getting the people to be attracted by the Facebook is very much easier and the place will be always there for this type of bigger companies will be easily given by the people to trust because they are always been in part of our life that's why it will be possible to develop very easily.

Facebook have a lot member in the world and i am believe facebook considering to enter in crypto world. If this happen, i am believe crypto market will growing more attractive and will be profitable. More big company join in crypto market will make investor more confident and i am believe market cap value will reach trillion dollar

I think Facebook is very serious about developing their project to make Facebook coins, so Facebook is looking for billions of dollars in funds for the project, but unfortunately according to the information that Facebook coin will be a stable coin. So it's not the original Crypto.

Facebook has got the numbers because it host the largest number of participants as compared to the other social media platform, hence raising funds for its coin will not be a problem. Facebook in itself is a large platform for promoting its coin once it gets launched on the market and this will raise its patronage tremendously well. As long as this will bring additional value to the entire crypto market, I believe Facebook should carry on with its cryptocurrency development.

     I think it would become the greatest rival of bitcoin if it does happen. To the fact that there are millions of users of facebook,  it will be not hard for them to make advertisements and encourage the users to support them. It has a huge market,  huge market means more success. However I do not think that it would surpass bitcoin. It will be a huge rival but can't defeat bitcoin. That's my opinion.

All crypto enthusiast, some.are greedy are eyeing on this for this is one of a good project that has been already operating and has a goof community all over the world. We could expect that there will be a good turn on its use but if facebook will change its platform like giving all users a wallet and a fee in every access then that is a different story. Users are used to access in facebook for free will go to another social media platform and will not used facebook.again.

if facebook launches its own cryptocurrency, it is most likely to be centralized! What is the benefit of that crypto? ... will someone save their money in a platform where our data is not safe?

if that true then its great news for cryptocurrency. Facebook has biggest social media member all the world. not so hard to collect fund there.

Indeed new times is going to come once Facebook releases their own coins, this can fast track adoption of Cryptocurrency, even those who are no into cryptocurrency, they will pay attention to this new development on development, it's good if they are going to do airdrops to all of their users.

All we can do is just waiting for the next step from Facebook, and if they are really serious with the project, then they will see hard works and will their teams to spend more time to make sure the project will run. I think many people believe with the Facebook Coin because they are one of the biggest social media on the internet and they can get a lot of people for their members.
But personally, I am curious with the Facebook Coin itself, and I hope that it is different than the other coins so the Facebook coin can compete with the existing coins.

Well we must wait if the new currency of Facebook will be a cryptocurrency or will be a token, for the market capitalization I do not doubt that it is high, due to the number of users that moves the facebook.

And the money collection for facebook I do not see it necessary for the simple fact that Facebook has a lot of money, I think Mark Zuckenberg wants to experiment and not miss the game with the Blockchain technology, so it is clear that it can not replace or compete with Bitcoin because it does not have any millionaire support that establishes it, in order to compete against bitcoin, but it will use its technology to increase not only the stocks in the Stock Market, but it will also raise money, very much to be able to execute any action that it has in mind.

Facebook is late in the game, but they have so much power and  strong customer base ( over 2 billion active users monthly) that whatever they do it will have big impact on the crypto market, hopefully on a positive way in terms of mass adoption.

No, they are not late yet, crypto market still on it's infancy, fb knew about this and they are riding with it's popularity and begin at the moment where many people are aware now about this types of money, don't forget that the twins who created the FB was also a bitcoin millionaire, the team behind
FB will use the concept with already a high hope that their users will adopt this in time that they offer their own crypto coin for their services.

Wow! I just new about it, if this is reall it is really had a big impact into crypto industry, since we all knows how facebook already being hype by its used. Many had been used it already, so by raising their own crypto coin, for sure many will invest on it, but I don't beleive it will lead to replaced bitcoin.

That is great because back in time, when facebook ban cryptoccurrency advertisement to their website and now they are trying to accumulate money for their own coin or cryptocurrency. It is a good sign that the big players or companies are now getting into the world of cryptocurrency and they now realized the advantages of it.

Lol the previous vocal of cryptocurrency is now bracing to embrace it and going to the extent to create its own digital coin. Anyway the news is too much good for the entire crypto community. It gives the message that cryptocurrency is being adopted world wide. Unlike in the past, people are growing aware of the value and importance of cryptocurrency and they are getting attracted towards it. Various cryptocurrencies are being accepted as a method of payment which has also added to its adoption.

 ;D Yes, this coin will definitely be in demand. For advertising campaigns in this network, such digital money will be useful.

They do not have enough money? Why they need money from external investors? It is so expensive to create another centralized sh.t coin?
But I am sure that they will soon realize that it will not work, they created something similiar few years ago (Facebook credit) and they had to cancel it because it wasn´t as successful as they thought.

Facebook has earlier shown their lack of support for crypto and a lot of enthusiasts are already vexed with the decision and their action. Actually people will still invest if they launch but will not be with the same amount of hype it would have received if it was earlier before their crypto ad ban. The only way they can gain relevance is by not trying to raise any fund but use their existing fund to distribute freely to their community and eventually launch in exchanges. But again I do not expect so huge from them

Awesome news for the whole industry guys! I do not now if it is official already, but it seems like they are going to create this crypto and if they do, we will near the mass adoption in the fastest way possible.

Facebook was much critical of cryptocurrency at a point of time. But now it is advocating cryptocurrency and trying its hand at creating its own digital currency. This is an interesting story and will surely bring ripples in the market of crypto once its plan is materialized. The crypto market should welcome the idea, which will help cryptocurrency at the end. Cheers, cryptocurrency is being widely adopted.

I hope the presence of Facebook coins can make crypto great again, of course Facebook has big capital to make their coins can skyrocket or replace bitcoin someday.

I don't think this will be nearly as successful as people are making it out to be. I myself would never buy this garbage from Facebook. Zuckerberg should stay in his own lane on this one..

Any update on this one? Because if this is completely sure and still on going it would be big. Cryptocurrency will become bigger if facebook really raising money for facebook coin. If this project facebook coin success, i'm sure other big company will trying this too, make their own coin and maybe use raising money too.

Facebook is popular, they can sure raise a big money and this coin is one of the high volume coin if traded in crypto exchanges.
I'm not really familiar on how this coin will be use as I myself is not gonna invest on it, I maybe trade but I'm sure they have big investors already for this coin and it will be sold out fast.

hat is right, and these people are enough to drive the market high to its peak, so those people thinking Facebook coin won’t really move because they were banning some ICOs ad then don’t really know how useful Facebook has been to the world out there, especially that of institution who has one product or services to enter to the public.

I think Facebook is still the largest social media network out there for now, with a user base of over 1 billion, imagine 20% of this one’s participate in crypto, this will be the major tool that will open the full eyes of communities worldwide into crypto, but unfortunately, I have just been reading this news here but I have not directly been able to verify them on their platform directly.

Yes, I agree to OP, even their name worth billions. But I do not think that FBcoin can surpass bitcoin in any manner. if you see it clearly then facebook or WhatsApp or Instagram or any of their famous company doesn't specifically rely on money related stuff. all they do is connect people and work with their data, They advertising system was their biggest source of earning and now when they are going to launch FBcoin most of their users are gonna be chatting or sharing stuff but not using the token very much. It will act like normal currency there.

Wow this is great! Now more and more profiles of people will go to facebook and facebook will be richer than ever. If you don't know, facebook is using your personal information and they sell it to the ads they bring. If you are playing online games, they will bring you ads of playing games. If you like to eat so much, they will put an ad for restaurants. Although Facebook is successful, why do they need to raise money?

This is the more reason why you should even know that the project will work, I am sure they must have fully developed the project to a full extent, because whatever money they are raising is too small compared to what Facebook is worth.

The fund they are raising is probably to give investors right to the coin and not to develop the project, the last project they cancelled must have been for another reason that is not related to its non-acceptance by the community. This project I believe will be a one in a million project that we cannot wait to witness and have a part in.

I'm speaking from an approach of fundamentals I suppose. I can't support something centralized especially after their actions of banning ads from other crypto projects. Just a hypocritical move by Facebook here which is already essentially vaporware. They make their money from selling your data and displaying ads.

I was surprised by Facebook, I have heard several times that Facebook has taken action against crypto currencies, such as the prohibition of advertising and so on, but at this time the news that Facebbok would make Facebook coins re-heard on the surface, as if they were playing with issues for personal gain.

They indeed took some actions against the cryptocurrency that execute prohibition for the advertisement of cryptocurrencies. Time can change people and now facebook is a pro cryptocurrency and they want to get into the wave. I will watch for some updates for this their own coin and i will invest my money there and hope for a huge profit.

In our generation we can consider facebook is late from the platform of relearing sa Facebook coin,  but once it was started. I am pretty sure it will be a bang. Many people get touch in using facebook;  from this many people can be engaged of using cryptocurrency in facebook which is a great thing in a increasing numbers in our community.

You know what this is some sort of business. Facebook will first introduce cryptocurrency on its platform. And when they know that crypto has a future they are now pursuing a crypto dream of its own. What I really don't know is that why do they need to raise funds for facebook when their platform is working really fine and they are gathering more money.

I know that facebook has alot of community and users. But we cant be sure that they will adopt crypto space once facebook started their own blockchain. But for the sake of crypto improvement, I know Fbcoin will be on hype and this is something that can contributed in the increase of the market cap. Lets be clear that Mark is a known person and lots of influence. Adoption could be easy when they release it but again, still 50\50 chance about it. Lets just wait and see if they will really release.

Facebook coin is a quite good idea and another great opportunity for cryptotraders and investors to make some good money.FB is one of the most famous brands in the world and I am sure this coin will be traded at every top exchange.

With a brand worth millions of Facebook's dollars can attract many investors. But with the option of stablecoin release will make Facebook not get significant investments from potential investors if they don't bring in many promotional packages. Because stablecoin is always at a stable price, it is not profitable for investors to hold it and the cover is a drawback.

They find the crypto market too small for them, even the current market is not as much as Facebook's value. In addition, most ICO advertisements are fraudulent ICOs, in order to get investors' money, I think their decision to ban ICO advertising is accurate.

Whatever Facebook does with their Face coin it will have big impact on the market as they have a strong customer base (over 2 billion monthly active users).
They are entering the market a bit late but they have so much power that day can chose the time and it is better to enter ever then never.

I insist: it will be a disaster and the end of the crypto!

Facebook is a well-known trademark that dominates social media so that it has many members throughout the world, will launch its own coins. Of course the assumption will sell well and have a high price.
This possibility is possible, but there is no guarantee that success will occur because the dominance of old, established coins is certainly an option for investors rather than speculating to have new coins.

i think some of usa think we are   crypto. But the real thing its that even with a lot of whales around there. The cap investeng in crypto is small comparing the one in fiat. SO if a trustfull site to the public eye invest in crypto technology it wll only help us. Only atracting new investors and they will be forced to share their money with the rest of the crypto world. Because crypto is not only 1 coin. even if his name is facecoin or something like that.

Why does Facebook need to raise money to create a stable coin in their apps and webpage? Don't they have enough as it is?
They can easily launch a private chain or a payment system like wechat or alipay in their platform and FB users will eventually begin to use it as a currency within FB.


If they really want to decentralize it, run a reputable ICO - a year long ICO like how EOS did it would be ok.

Lot of people always joining altcoins bounties related from promoting ico's and also joining for social media campaign to earn some money and cryptocurrency tokens.

Wow! if its already confirm these is a huge project and im sure it will be a big hit since facebook is known social media platform and billions of users around the globe just imagine if Facebook was already brewing this kind of tokenized economy im sure everyone might be follow Like for example twitter and other social media giants. its really really huge development happening to the cryptoland.

The Facebook coin will work solely for Facebook advertising customers only but facebook coin will bring positive towards cryptocurrency industry to start a stable coin

I believe that is the purpose, but who knows they will expand if they can successfully launch their project.
No doubt it will bring good effect to the crypto market as we are talking of a big company here adopting in crypto.
Words from big player cannot be trusted because before facebook ban crypto advertising, now they are having their own crypto coin.

This will be very good for Facebook having to tokenise their space. Facebook has improved over time especially the aspect of adding reward for posts. With a digital asset it will be easy to have a global outreach.

It can't be trusted as they can easily ruined everything when they wanted it, we are all waiting for whatever results this project will bring to the
crypto industry, with high hope that it will be used properly and bring good response coming from new big players to invest and also use the system
for their own benefits.

Lmao, i know right! Back then facebook was banned cryptocurrency ads on their platform but now they want to release their own coin lol.

If facebook is raising money for facebook coin, i'm sure it will be success and sold out very fast (if ICO). Investors will look this as a big opportunity.

The development of cryptocurrency by Facebook can be an advantage for their companies. Facebook is improving its business model because it has received criticism from consumers, politicians and advertisers. Facebook was criticized for user data leakage problems.

No, I think you are wrong when you compare fb coin number of users and number of users in.bitcoin or even add it all users of all cryptocurrency would not surpass by fb users around the world. Guess, if all.will be inform by the fb coin in facebook platform then it will be huge. And as what OP stated that it may even surpasses bitcoin.

Lots of people thinks that the facebook is late for the enter in the cryptocurrency market but i am not agree with them. I know about the Mark Zucherberg and i am sure he is know what he is doing in big time. I strongly believe that he has waited for the right time to arrive blockchain world and that was the right time and he made the start. I am following them daily and i will invest when they release the facebook coin..

I think if facebook will going to utilize these new token even further, the essence of connecting people's live will going to be somehow replaced by a market wherein, people will focus on buying and selling items through the use of cryptocurrency as their main token, and through that, maybe we could rely on other platforms.

too many restrictions have been pursuing Facebook users lately ... yes, they have a name, but the reputation is not so bright ... in my opinion they are unlikely to surpass Bitcoin.

If this is true then I begin to wonder what exactly, and how robust is this their project is that they have to look for way to raise fund for their coin. I have seen the financial statement of facebook before and I believe they have more than enough to fund their project without need to raise any fund. In my on opinion, it may be a joint development or they do not want to bear the risk alone.

So, in my understanding, you are saying that FBcoin will be more worth it in the future than bitcoin because as what you've said it can easily surpass bitcoin in a daily usage, and I think its possible but we cannot deny that if isnt because of bitcoin all altcoins will be nothing.

They can only ruined because they have the power, but as this market is growing and more institutional money coming it, it will give balance to different interest.

If one the biggest and most populated social media adopt the use of cryptocurrency and the blockchain technology, It shows that there be new level of use case and investors that is needed in the crypto world.

I think this will be good news this week. I have to admit that Facebook has very many users and is spread throughout the country. Most likely this project will be a big success and attract many investors. We are waiting for the next good news. Thank you for this amazing news.

You know that electronic money takes 10 years to get the current number of users. FB participated in this market, they are in the hands of a huge data block of users. While it is in everyone's opinion that fb's time of participation is late, but with the signal of fb (the world's largest social network), I'm sure that crypto is really a giant piece that corporations All want to have.

If they finally succeed, I believe this will be a huge advantage to the wide spread of Crypto adoption and this will actually draw in more whales into cryptocurrency

Anybody knows when this facebook coin will be launched and available for trading?

With the trending of the crypto currency there's no new thing if Facebook want to ride this trend. they can see if they engage in this kind of investment they can make another billion of dollars from it. no wonder the big company from all over the world is coming to crypto because they can see a lot of potential can be get here.

Well I try to browse it on google, I can't find the exact date or maybe I miss it since it just quick search. I just see that they will release the whitepaper on june 18. https://www.cnet.com/news/facebook-cryptocurrency-could-be-announced-in-june-2019/

With members in all around the world and members more than 1billion people, i think facebook can reach $300billion because if its very potential to be adapted. Facebook is profitable company and i am believe many big investor interesting to invest

You mean to say that shares of stocks of fb will be put into fbcoin? If thats the real case, it will be much profitable.

as you know, Facebook is indeed late in the crypto industry, and has a poor record of the ban on crypto on its own facebook,
but it is never too late to start facebook coin or global coin will definitely be accepted for Facebook users and cryptocurrency users .

There's nothing wrong with being late. In other tests, technologies/blockchains and cryptocurrencies making ordinary users. Also, do not forget about the regulators of the crypto market (SEC, etc.). More interesting is Libra's own blockchain and the appearance of possible forks due to open source code.

Well, I guess each day we're moving closer to the awful dystopian future and the money that will be controlled by the most powerful companies. O.k., I do agree that companies are already much more powerful that governments (which I do dislike more, although you can't escape the impression that they are uniformly connected in a big juicy slavery swindle...), but this is becoming ridiculous. Facebook will offer possibility for its customers to earn their private money by performing some simple tasks - a kind of a bounty hunt - but it won't be restricted and discouraged like it is here. And people will accept that and they'll start to use their money because it's easy to earn it.

And what have been done to prevent that?

I beg people that manage this website, this cradle of crypto, to come to their senses and to accept their share of responsibility. Enable it to become more massive, to attract more people to the REAL crypto world (not the world of the private company-money), give them more chance to EARN it, and they will invent ways to spend it. Control the bounty campaigns, employ more people, do what you have to do to make it more massive. I've been writing about that issue a lot, I was ridiculed as a leftist, too intellectual, "lousy" bounty hunter, etc. (and I really don't mind) but now there's a real danger. We will not have people's money or chance to have one, all your effort will be in vein, and all of us will be buying pizzas for btc again, like Laslo did years ago (while trying to make a "facebuck"...)

Do you really want Facebook, Google or any other privateer to control everyday means of payment?

If they hijack crypto just because they are massive and bitcointalk missed its chance because you "didn't want to read rubbish" or "bad English", that would be... There's no polite way to say that. Come to your senses, please.

I was trying to see for other projects Decentralized with the caracteristics that u said. Tried to look for coinpaprika under Org structure Decentralized but I cant look for other coins with the same tag cuz its not serchable, any clue on how to find those? other site... cuz the "descentralized application" tag its not the same.

Everyone was dogging crypto 2 years ago now everyone sees how companies are threatned by it. Facebook also cancelled crypto ads after 2017 and now they have their own currency. Makes me sick

Facebook just unveiled a new global cryptocurrency #Libra.
Will you invest in it?🤔🤔