[What Can I Extract For You:]

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What Can I Extract For You:

• Extract tweets from a user.
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[Quick take:]

Quick take:
• MONSOON Blockchain Storage, Inc. has partnered with two government agencies to provide support and consultancy services on how to leverage blockchain technology in various areas of operations.
• The company will conduct a needs assessment, and recommend an actionable proposal on how DTI can utilize effectively the blockchain technology on its programs and projects.
• Monsoon CEO and co-founder Donald Basile said the company decided to enter the Philippines because of the government’s willingness to adopt the technology.
• He noted integrating blockchain in major government projects such as the national ID system can lead to the technology’s integration in government projects and programs.

Source: https://www.bworldonline.com/dti-dict-tap-blockchain-firm/

Kung ma-uutilize talaga ng maayos ang paggamit ng Blockchain technology dito sa bansa maari itong mas mapalago ang ating ekonomiya at higit sa lahat mas marami ang ma-eenganyo na mag invest sa ating bansa at magtayo ng negosyo dito.

Sample use cases of Blockchain technology:
• Payment processing and money transfers - If you know Bitcoin and use them, then you are already using Blockchain tech.
• Monitor Supply Chains - Discrepancy in your inventory/supply chains, worry no more. With the attribute of Blockchain as immutable, you don't have to worry of having someone modifying your data. Not to mention it could eliminate the use of papers, also it works realtime.
• Retail Loyalty Rewards Programs - Loyalcoin has been launched already in the Philippines but what if one day a nationwide loyalty reward with Blockchain as its core technology will be announced by DICT. Isn't that exciting?
• Digital ID's - There's a high probability that the government will utilize Blockchain tech for the National ID. I have a strong feeling about this one, it might not be fully utilized but there might be a certain module of the National ID System which will use Blockchain.
• Digital voting - Goodbye Smartmatic ? Just recently there's a news that a new voting system will be announce by the DICT. There's no doubt that Blockchain is very useful in this scenario but there's no clear depiction yet whether we will be using Blockchain for our voting system.

[Facebook's Global Cryptocurrency Movement]

Hello everyone, this thread is intended for Facebook's cryptocurrency movement A.K.A Libra Coin and it'll be self-moderated so that the topic will always be relevant to the started thread.

Facebook's Global Cryptocurrency Movement

Upang mas maunawaan nating lahat ang tungkol sa balita ngayon na gagawa ang Facebook ng sarili nitong cryptocurrency, ginawa ko ang thread nato. Maari rin itong maging thread for discussions natin tungkol sa Facebook cryptocurrency at maglalaan ako ng oras para mai-update ito tungkol sa latest news and development ng Facebook cryptocurrency.



Outline ng topics na ma-cocover sa thread na ito.

I. Ano ang Facebook?
   a. Bilang ng gumagamit ng Facebook sa 2019
   b. Facebook Pay
   c. Incharge ng Facebook's cryptocurrency project

II. Ano ang Libra?
   a. Koneksyon ng Libra at Facebook
   b. Decentralized or Not Decentralized ?
   c. Meron bang Pre-sale or Tokensale ang Facebook
   e. Website and Whitepaper

I. Ano ang Facebook?
Let's start with the basic. Ano ang Facebook ? Facebook is Facebook ! Siguro di ko na kailangan pang i-explain ito. Halos lahat tayo ay merong Facebook. Ate, kuya, mama, papa, lolo, lola, tito, at tita. Mapa-farmer, doctor, bumbero, sundalo, o kung ano pang trabaho mo. Hindi sinusukat kung ano ang estado mo sa buhay para magkaroon ng Facebook hangga't connected ka sa Internet at saka meron kang access sa computer (smartphone, laptop, etc) at marunong kang gumamit nito maari kang gumawa ng Facebook account. First developed by Mark Zuckerberg at Eduardo Saverin way back in 2003 sa kanilang college dorm lamang, sinong mag-aakalang ganito ang magiging epekto nito sa buong mundo.

Fun fact: Who is dubbed as the most awesome person on Facebook? https://[Suspicious link removed]/bestpersononfb  

Ia. Bilang ng gumagamit ng Facebook sa 2019
According to Zephoria, there are whooping number of 2.38 billion monthly active users worldwide. Imagine the amount of data that Facebook needs to handle. From college dorm to multimillion giant data servers. *Insert mindblown GIF*

In the Philippines, there are are 60 million-70 million active Facebook users in the Philippines per month, as of October 2018. I am pretty sure isa ka na doon at according sa latest study, the Philippines is still the world's top social media user. The report also states that Filipinos usually spend over 4 hours on social media daily. Let's do the Math:

Pagkagising - 1 hour
Office break morning - 15 minutes
CR break - 5 minutes
Lunch break - 1 hour
Office afternoon break - 15 minutes
CR break - 5 minutes
After office hours (bago uwi sa bahay) - 1 hour
Pagkatapos magluto - 30 minutes
Bago matulog - 2 hours

Based on the calculation, that is an average of 5-6 hours of Social media use daily (Facebook, Instagram, Twitter).
Sample calculation lang po, hindi ko sinasabing ako to.

Good read articles: CTRL + Click link to open in new tab
https://zephoria.com/top-15-valuable-facebook-statistics/
https://techcrunch.com/gallery/a-look-inside-facebooks-data-center/
https://news.abs-cbn.com/focus/01/31/19/filipinos-still-worlds-top-social-media-user-study
https://www.rappler.com/newsbreak/iq/215159-list-philippines-cities-more-facebook-users-than-population

Ib. Facebook Pay
Ngayon merong Facebook Pay na maaring magamit sa pamamagitan ng Messenger ngunit available lang ito sa US, France, at United Kingdom. Basically, you can use Facebook Pay to send and receive money using Messenger free of charge. You just need to fund your account with a bank-issued debit card, but can also use a credit card or Facebook gift card to fund payments.

Dito sa Pilipinas, maari natin ito magawa sa pamamagitan ng Gcash at Paymaya, kailangan mo lang i connect ang iyong account sa Messenger at maari kanang mag send ng pera at mag bayad ng iyong Bills gamit nito.

Meron na palang Facebook Pay at maari na pala tayong mag send ng pera gamit ang messenger bakit kailangan pa ng Facebook gumawa ng cryptocurrency?
1. You will still need to have a bank-issued debit card to use Facebook Pay.
2. Facebook will still need to comply with each and every regulation of the country in order to facilitate Facebook Pay in each country.
3. In the world of instant, Facebook Pay money will still take up to three business days to reflect to the receiver's account.
4. Each transfer can’t be more than £2,500.

There's more reason for this one why Facebook Pay is not a feasible way of transferring money globally. But let's move on now to the next topic.

Ic. Incharge ng Facebook's cryptocurrency project

DAVID MARCUS
If you want to know more about him, just visit his Linked Profile: https://www.linkedin.com/in/dmarcus/. Siguro di ko na kailangan pang ulitin kung ano ang nakalagay sa kanyang profile.

Good read articles:
https://www.c[Suspicious link removed]m/2019/06/18/facebook-david-marcus-on-building-trust-for-libra-cryptocurrency.html
https://www.c[Suspicious link removed]m/video/2019/06/18/facebook-crypto-currency-libra-david-marcus-calibra-squawk-box.html

*Short break before we will proceed to Chapter II*
*Sips coffee, goes to CR, sips coffee again, continue*

II. Ano ang Libra?
Here comes the entertaining part and the most informative part. Tech news, blogs, and even social medias has been so noisy about this one lately. The big news: Facebook's Plan To Release a GlobalCoin !! Some are positive about it and some are negative about it. So what it is really all about? Let's just enumerate the key points here: For now let's start with the basic first.

• Libra ang tawag sa digital currency na irerelease ng Libra Association
• Libra is a global cryptocurrency built on the foundation of a blockchain (the Libra Blockchain). Libra is fully backed by the Libra Reserve, a collection of currencies and other assets used as collateral for every Libra that is created, building trust in its intrinsic value.
• Libra's mission is to create a simple global financial infrastructure that empowers billions of people around the world.
• Libra crytocurrency is a stablecoin. Ibig sabihin nito ay meron itong stable value para maprotektahan ang gumagamit nito sa pagtaas at  pagbaba ng presyo.
• Wala pang exact date kung kailan ito i-rerelease pero ang estimate ay mid-2020
• Initial members of the foundation are Facebook and 27 other partners, including Visa, MasterCard, PayPal, Coinbase, and venture capital firms like Andreesen Horowitz and Union Square Ventures.

Good read articles:
https://www.theguardian.com/technology/2019/jun/18/libra-facebook-cryptocurrency-new-digital-money-transactions
Mark Zuckerberg's post about it -> https://www.facebook.com/zuck/posts/10107693323579671
https://www.theguardian.com/technology/2019/jun/18/what-is-libra-facebook-new-cryptocurrency

IIa. Koneksyon ng Libra at Facebook
Facebook is just a mere initiator of this cryptocurrency movement. See this image to give you an idea what it means: https://techcrunch.com/wp-content/uploads/2019/06/Libra-Association-Founding-Partners.png

Together with 27 organizations around the world they have started the non-profit Libra Association and create a new currency called Libra. So basically, this is not a solo movement by Facebook but by the 27 founding the organization that embodies Libra Association right now.

Is this a good news ? Maybe, why ? because Facebook will not have a single control for this cryptocurrency.

IIb. Decentralized or Not Decentralized ?
Maraming tao ang nababahala pagdating sa governance nito. Merong nagsasabing hindi na ito decentralized dahil sa mga organization na magru- rule nito.

Ngunit ayon kay Mark Zuckerberg, ito ay Decentralized dahil "it runs by many different organizations instead of just one, making the system fairer overall." He is talking about Libra Association. Let me know what's your take regarding this one ? Do you believe that Libra will still be decentralized ?

IIb. Meron bang Pre-sale or Tokensale ang Facebook?
No news yet but I'll make sure to update the thread once they have news regarding how they are going to distribute the coin. *cough airdrops*

IIc. Website and Whitepaper
Website: https://libra.org
Whitepaper: https://libra.org/en-US/white-paper/

Bonus info: Libra symbol will be ≋

Points for discussion:
1. Are you negative or positive about this coin ?
2. Will it affect the Bitcoin price ?
3. Do you think it is still decentralized ?

Moreover, this thread will be open for any discussion as long as it is inline with Libracoin.

Pasensya na kung medya low-quality ang pagkagawa, newbie account yet at hindi pa pwdeng magpost ng image.