Bitcoin Forum

Just imagine you sell or buy with just a click on facebook using bitcoins, This is an opportunity bitcoin should grab, and facebook should not miss!

Facebook is testing a way for advertisers to make the direct sales pitch to people, and it could be a game-changer for advertisers and retailers. Through the Buy button, users can complete a transaction while staying in Facebook.

http://www.insidefacebook.com/2014/07/23/the-buy-button-facebooks-next-big-thing/

Another money grab?

Yeesh, they don't need more sales. Just go buy the product.

Or Facebook is now getting clingy and wants to keep their users inside Facebook as much as possible...

I don't think that people would every trust thousands of dollars to facebook like this.

Why would they incorporate bitcoin? I believe they'd rather develop some other proprietary payment system or cooperate with regular payment providers.

I think they would benefit from accepting bitcoins, network is so big now that at least 2% of facebook users have also bitcoins, i don't want to buy anything of facebook since it's nothing interesting there for me, but i guess if they would have somehing for me i'd like to pay it in bitcoins.

We don't need Facebook idiots to push bitcoin prices. Facebooks business model is to sell the identity of its users. No support from my side.

FB will no longer exist ten years from now, because it offers nothing new or important. Bitcoin will flourish without FB, because it is a revolutionary invention with numerous uses in the real world.

ya.ya.yo!

Facebook and Twitter both have major problems due to most new growth is in poor 3rd world nations.

So btc is perfect for both, since most of the world is blocked from western banking such as legit visa/mc/amex accounts and western bank accounts.

Twitter may adopt btc before FB adopts it, you will have resistance to btc by FB due to the Twins alleged control of 1% of btc coins.

FB can easily do it using their credit system. Why will they keep the consumer waiting for > 10 minutes ?

I'd be careful with those claims. Facebook offers interesting and useful things. Only their business practices are questionable. Also, Facebook is also known by effectively everyone. Bitcoin has to achieve that, still.

Doesn't sound like a problem to me. That's perfectly natural when you achieve such a high penetration in the developed world

It may just be because there's most capacity left for growth to occur. I wouldn't necessarily call this a problem either.

Another thread of dreamers from lalaland.

you know what you should visit lalaland..

in lalaland bitcoin sells for a million and dogecoin sells for 1$ a coin.
Such a paradise

Zuckerberg wouldn't want BTC to go up in value. The Winkelwoss twins hold a chunk of it!

what makes you think zuckerberg does not have a wallet full of million bitcoins!

yes he could be satoshi

Do you have any evidence to support this assertion? I'm just not seeing it.

There seems to be about 1.3B facebook users:

http://www.dailymail.co.uk/sciencetech/article-2703440/Theres-no-escape-Facebook-set-record-stock-high-results-beats-expectations-1-32-BILLION-users-30-mobile.html (http://www.dailymail.co.uk/sciencetech/article-2703440/Theres-no-escape-Facebook-set-record-stock-high-results-beats-expectations-1-32-BILLION-users-30-mobile.html)

... 2% of that would be about 26M, but the number of funded bitcoin addresses seems to be below 200K:

https://blockchain.info/charts/n-unique-addresses (https://blockchain.info/charts/n-unique-addresses)

Yes, I know there is not a 1:1 ratio of bitcoiners:addresses.

Ecuador already made a complete ban on cryptos, other important countries like Russia and China don't allow it being used as currency. I doubt facebook will use bitcoin for that and risks being baned in some countries.

Plus paypals and ebays charge high comissions and can pay more to Facebook, and bitcoin and cryptos aren't cited on the article.

Nah....
Satoshi would definitely be an introvert.

Plus, if Zuckerberg was really Satoshi, we would have seen facebook - btc integration long back. :)

Facebook policy has always been make the world facebook!

I think this would be very unlikely. He was likely spending 90+ hours per week when satochi was working on the final touches of bitcoin.

Interesting thought... :o

Can't wait to send my facebook-friends some of my Bitcoin millions!

People who haven't heard of bitcoin (yes, there still might be some) could think it was a game like candycrush.  :P

agreed it will be crazy if will be accept :D but i think just for developers game or proomotonand advertiser :D

Even if they had heard of bitcoin they would likely think it is some kind of facebook app game spam as there is just so much of it (there isn't any rule against people making a game called "bitcoin")

I see this being a far more likely outcome, unless they can set it up to be taking a transaction fee on each purchase.

a premium service that costs more than the basic ad service.  More FB revenue.


Of course they do.  Every Website in existence is trying to get you to not click out


Because Bitcoin network requires only code development and implementation.  No 3rd parties.  A proprietary payment system requires hardware, human resources, dealing with YOUR bank, and more.


Exactly.  I believe that Bitcoin is a perfect fit for Bitcoin, and FB is the missing piece to the Bitcoin moon rocket:  Mass END USER adoption the world over.


how many sites have you been that allow you to login with your FB account?  How many have you bought from that allow you to use Paypal?  FB and Bitcoin will allow you to do both.  And FB will get a cut without having to deal with your bank.

There is no profit for them to use bitcoin, since most facebook users allready use paypal, it would make much more sence to integrate paypal payments.

Bitcoin is still not trustworthy enough, and its not that popular either, so people would have to go and buy bitcoin first, and then pay with it, which means they would have to loose twice as much time to purchase something.

i agree this is nonsense. maybe using bitcoin can save them some money here and there, but the % of people who hold bitcoins is not enough to make a dent. they will team up with paypal, visa or some other processor.

Bitcoin and FB? Wake up dude, NOT going to happen in the near future.

I think FB is planning to establish e commence if they integrate BTC. They need to consider all aspects before taking any action. It is to save resource and time. Transaction fee is another factor to consider. I think BTC or other cryptocurrencies are best choice.

Facebook has become incredible horrible for businesses. Businesses are leaving in droves.

Bitcoin has a smaller capitalization than dropbox.  Governments might like Bitcoin; as do some libetarians, but mainstreet is either hostile to Bitcoin or it'll take them years to get on board.

Governments and like bitcoin?  :o

It would be an amazing feat for Bitcoin and brilliant publicity, but it won't happen anytime soon. There's more important things that we need to address rather than waste time attempting to contact Facebook who will, without doubt, dismiss the idea. If this ever happens (which I doubt will be anytime soon), it will probably be inspired by Amazon's adoption of Bitcoin as a payment method, if and when they do.

When is the expected release date for this feature?

This is just speculation / wishful thinking.  :)

Wow, Facebook... Yeah that would be a big thing. But why would they go for Bitcoin when regular centralized payment processors are more widespread and accepted? Maybe just use credit cards or something similar.

I never used facebook nor seen the need of it - but I think it's not going to happen for the simple reason that in their business model you are the product, not the customer.
But with or without their acceptance, the bitcoin network is growing. There used to be a time where 1 btc was worth 0.07$

just to add to a FB BTC themed thread for anyone who didnt know:

https://www.facebook.com/qcoin

allows users to send BTC to their FB friends lists. Big appeal in the mass adoption trail imho! esp if they manage to get a FB 'buy button' integrated to buy BTC somehow...

Possible. IMO, even if he allows some crypto currency in FB, either that will be some shitcoin (such as Dogecoin or Darkcoin) or some new crypto currency invented by Mark Zuckerberg himself.

Why did you intentionally phrase the title of this thread as a fact ?  Rather than phrasing it like the "fantasy" which appears when someone actually goes inside the thread?

I hate people who do that.  You're annoying.  Stop.

Yes. A simple '?' instead of '!' would have solved the problem.

This is a step in the right direction to getting botcoin more noticed however Facebook I believe will try anything to make themselves be the only place on the internet that gets used even if it means allowing transactions to take place so you don't have to go elsewhere. Many people already spend most of their online time on Facebook not venturing anywhere else and if the had a chance there would be no need to venture elsewhere.

I think it will happen soon
social networks and bitcoin will be together in this path

Facebook credit might just get renamed as fb-coin.  :D