Facebook credit: what to think about that?

[grondilu]

I think it's amazing that millions of people are about to accept using that.  But anyway, I'm all about free market and I have nothing against private currencies after all.

So, what should we do about that?  Is is good news for the liberalisation of currencies?  Will it contribute to make people think about what is money?


I think that it will be important to offer a plateform exchange with this currency.  I hope the main bitcoin exchange websites will integrate it as soon as the facebook credit is released.

[Nefario]

Since Facebook can and do revoke credits I can't see much point in using something like that. I think they're trying to follow up on Tencents QQcoins

[Mike Hearn]

FBCredits is not a currency, it's a stored value system pegged to the dollar.

[nikonoel]

If they can revoke the credit, it causes the same problem as paypal in an exchange platform, right? Also, not sure that FB allows trading of their credits... 

[grondilu]

If they can revoke the credit, it causes the same problem as paypal in an exchange platform, right? Also, not sure that FB allows trading of their credits... 

I'm pretty sure one of the objective is to allow someone to donate credits to someone else.  If you can donate, then you can sell.