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Author Topic: Is facebook creating their own crypto?  (Read 26062 times)
AngelSky
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June 23, 2018, 07:12:02 PM
 #181

Maybe in the future Facebook will create yourself a separate coin. But currently it is impossible.

Already this information has been shared in the news site and articles too mate. You do not know means I do not understand what you are saying mate. Please check the regular updates with the coindesk and then facebook creating coins or not nothing gonna work here in any ways.
I see the people not interesting to support these kind of big firms to help others.
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Faxmate
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June 23, 2018, 07:22:32 PM
 #182

Heard a rumor that facebook  was thinking about launching their own crypto. What do you guys think about this?

Would also love your feedback on Algebraix. App that keeps your data private and pays you to watch ads. how do you think they will measure up to the advertising giants like facebook and google?

Yes, this news is good, but I'm not sure that this coin is needed by ordinary users. I tend to believe that social networks have nothing to do with blockchain. If they create a coin, it will be meaningless, though, on the hit of the coin and will grow.
Yes it is not such useful for them as if mark Zuckerberg will decide to make new currency, he is already getting enough because facebook is the most used social media see and most of people use it only, so I think in future bitcoin will be supported mostly by facebook which is already being support a lot, we use our social media to get knowledge about bitcoin and to let our friends know about bitcoin and benefits so bitcoin, so facebook can be used as source of promotion while creating own currency seems to be impossible according to me.
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June 24, 2018, 12:11:37 PM
 #183

I think if that happens it is good for us because of security and privacy
I do not think that your security and privacy will be secured with facebook as recently we saw a situation when facebook sold the privacy and data of a large community of their users to a political affirm. If the facebook will not have any control on the coin and they will not ask any KYC from the users of that coin then people will adopt it otherwise no one will adopt a coin of a company like that.

I also think like that Facebook will not create any cryptocurrencies because it had lot of risks involved in it that's why they don't decide to create and Crypto still now, but if they create a cryptocurrency there is no assurance for the development of it but Facebook is a big company so they have created a Crypto then the publicity will be definitely here so we can definitely trust it .
Yeah it is not that easy mate it takes decade to make a currency and them spreading it all over the world, no one can make currency, but about facebook it is really now true as facebook is just a social website that most of people use to advertize bitcoin and make it famous so how can facebook create their own coin, that’s totally false news according to me bitcoin is the big supporter of bitcoin.
In my opinion there is no problem if Facebook creates their own cryptocurrency. I think it will get credibility in short time compare to other small crypto in the market because people already using Facebook and they will trust the most over Facebook crypto. More and more people will invest in Facebook currency and the price will grow in short time.

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June 24, 2018, 02:10:09 PM
 #184

That's another business for them if they want to create their own crypto, and I'm sure many investors will invest it will be popular cryptocurrency.

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June 24, 2018, 10:37:50 PM
 #185

As of now im still not seeing any update about facebook having their own crypto. And also facebook have already a big name in social media so i dont have any idea if they will still need to have their own crypto, but lets see.
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June 25, 2018, 07:49:00 AM
 #186

That's another business for them if they want to create their own crypto, and I'm sure many investors will invest it will be popular cryptocurrency.

That's right, and after a quick search look what I found:"The social network had 1.86 billion monthly active users as of the end of 2016, up from 1.79 billion the previous quarter and 1.59 billion a year earlier, according to its fourth quarter earnings report on Wednesday. There are more active people on Facebook then in crypto community, that says a lot. If they make their own coin that can be a huge thing for them, but I don't think that I wish to be part of that, I don't have Facebook and their coin will be for using on their platform for their apps, I don't use them. From investors point of view even of they make coin I think it will be centralized coin with controlled demand and supply, that's stable price.

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kybernetwork2018
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June 25, 2018, 06:04:43 PM
 #187

Very likely but currently Facebook is legally sticky with the U.S.A court
Clark05
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June 26, 2018, 06:35:49 AM
 #188

Last few months ago there's  a news facebook banned bitcoin or cryptocurrency to advertise and this is bad news. If the facebook really create their own coin it will become successful their coin because they have power to advertise their coin because they have of billion user.
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June 26, 2018, 07:50:44 AM
 #189

Last few months ago there's  a news facebook banned bitcoin or cryptocurrency to advertise and this is bad news. If the facebook really create their own coin it will become successful their coin because they have power to advertise their coin because they have of billion user.

lol. why do you think that it was a bad new? if that news was really legit and real , then i guess that is a good news because that can lead for a crypto to become more popular. facebook is a huge social media platform which means they can easily influence other people to invest in cryptos . that wont only be benificial for them but also for us because those people will surely check out other cryptos not just the facebook's own coin.
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June 26, 2018, 01:34:46 PM
 #190

we don't know what is the reality may be they will or maybe they will not
but they are capable to do so having their own crypto and it will be huge and they will come with Bounty. Just my opinion

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thuongnguyen199120
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June 26, 2018, 06:00:41 PM
 #191

I think there will be future when BTC is accepted as an asset.
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June 27, 2018, 05:01:30 PM
 #192

Today Facebook has compromised and eased regulation. A very good news.
Seresjen
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June 27, 2018, 05:25:12 PM
 #193

For starters I do not know if Facebook created a cryptocurrency, but if I think, of creating a cryptocurrency and its chain of blocks, I would have one of the largest communities on the planet, and I can assure you that there will be certain benefits that every human being on Facebook wants. enjoy, your use case can be many, everything depends on the scope you want to obtain, payments for advertising, purchase and sales of articles, and even anything today is offered for sale by Facebook, services and others.

With what I would not agree is that it would be a centralized cryptocurrency, this is against the common welfare, which is the main goal of the crypts. transparent and decentralized would be to choose to manage another cryptocurrency on its platform.

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coinfinger
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June 30, 2018, 07:22:59 AM
 #194

Last few months ago there's  a news facebook banned bitcoin or cryptocurrency to advertise and this is bad news. If the facebook really create their own coin it will become successful their coin because they have power to advertise their coin because they have of billion user.

lol. why do you think that it was a bad new? if that news was really legit and real , then i guess that is a good news because that can lead for a crypto to become more popular. facebook is a huge social media platform which means they can easily influence other people to invest in cryptos . that wont only be benificial for them but also for us because those people will surely check out other cryptos not just the facebook's own coin.
No it’s not a bad news; it is very appreciable news because it means that cryptocurrency is taking over the market. Now gradually people are accepting crypto and if Facebook created their own currency the market for crypto would be expand and more people will come to know about cryptocurrency. Facebook currency will be credible and will get fame in short time.
hardinero007
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June 30, 2018, 11:42:34 AM
 #195

Heard a rumor that facebook  was thinking about launching their own crypto. What do you guys think about this?

Would also love your feedback on Algebraix. App that keeps your data private and pays you to watch ads. how do you think they will measure up to the advertising giants like facebook and google?

fb creating own crypto isn't impossible. i think they are studying crypto for years now.  they might follow wechat and alipay systems of china.
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June 30, 2018, 02:17:52 PM
 #196

This, not a fud, Facebook looking to develop their Own coin to use in their social media platform.
Recently facebook revise ad banned of cryptocurrencies(Still ICO related ad banned), This good for the crypto space
Anthrlive
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June 30, 2018, 04:49:57 PM
 #197

I really doubt it. Facebook's reputation is at it's lowest after all the Analytica scandal and many investors don't trust Facebook anymore. Additionally, why would FB need its own cryptocurrency in the first place? There aren't any paid services on the platform except maybe advertising, and if they just needed crowdfunding, there would be many easier methods.
Please elaborate on the rumour, because without context it doesn't make any sense to me. Couldn't find anything like that on the net.
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June 30, 2018, 08:02:23 PM
 #198

>management restructure which brought in people that have history in crypto related projects
>created a crypto research division that is led by a Coinbase board member

Hmmmm makes you think...
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June 30, 2018, 08:34:00 PM
 #199

There are many platform for social media alternatives to facebook in addition they have tokens which can use transfer from currently  all social media.
But Facebook has huge membership, therefore they can use their advantage. But how about blockchain?
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June 30, 2018, 10:19:41 PM
 #200

Sister of Mark Zuckerberg is advisor of one upcoming crypto project and supported that project . also facebook reversed ban from crypto . so it seems they are planning something big and it may take time to reveal their next move .
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