Barclays: ‘Facebook Coin’ to bring in $19 billion by 2021

[jjjfff]

A centralized token run by a corporation. How is this different from buying an ad voucher from Facebook?

It's essentially a clever way to get cheap funding from those who buy the initial launch in cash.

[viralmetaphore]

Facebook do not respect your privacy and they are planning some "Facebook Coin" under blockchain technology what's this ?  

[boyptc]

Facebook do not respect your privacy and they are planning some "Facebook Coin" under blockchain technology what's this ? 

Money raising for their other project they'll conduct.

And with the use of facebook coin, they can sustain the budget of that project. While people will be hype on this because it is facebook, they don't care about data privacy.

[Cosbycoin]

Overhyped. Facebook doesn't need to use blockchain for this. They can simply make a centralized database for currency transactions on the platform. It ain't going to be a permissionless network and surely can't have the same properties like Bitcoin.

$19 billion, if that's really happening, then is just a waste of money.

This is the question i have been asking for some few months now and no one have been able to give me a direct answer to this question, for the fact that facebook is creating a digital coin doesn't mean that it would be blockchain related, and i haven't seen anywhere were it is being stated that the coin to be created will be on the blockchain, may question is that, is there anyone here that knows if the coin is going to be a centralized coin or decentralized coin.

[usorin]

A Barclays analyst said that Facebook’s digital coin would provide the social network platform a “lifeline” if investments stop flowing in.

Full article here: https://www.unblock.news/news/barclays-facebook-coin-to-bring-in-19-billion-by-2021

No argue about that but, there is always a but, the imigy of facebook has been denegrated becvause of theyur data safety policy. Lately there was a news that the platform collected data from p[ersonal mail of the users... not many people will trust in their product.

[Shenzou]

A Barclays analyst said that Facebook’s digital coin would provide the social network platform a “lifeline” if investments stop flowing in.

Full article here: https://www.unblock.news/news/barclays-facebook-coin-to-bring-in-19-billion-by-2021

I simply think its dumb that facebook is creating a cryptocurrency,  and it is even more dumb that people are supporting it, it is just an attempt to make more money than they make now, the concept of making facebook a market place where people use the facebook coin to buy things is not good, like who buys things from people posting on facebook no one, however it will be and it is an interesting example ot see how will a well established company  getting into cryptocurrency will affect the whole market, will it other companies do the same or will it die, only time will tell.

[Fortify]

I have a feeling that Facebook is going to end up going the way of Myspace in the next few years. There are so many scandals hitting it at the moment and Mark Zuckerberg seems like a real scumbag. I'm not even sure why they would go the route of making a cryptocurrency, because they would benefit more by using established payment processors and negotiating a cut. I guess it traps people into the facebook ecosystem and that is the only goal.

[LeGaulois]

This is 19 billion for Facebook itself, not anyone else. It's a way for the company to increase its value (and so shareholders dividends) but don't expect it to be the type of coin with an ICO, or a coin you can hold and wait for the price to rise to resell. It will remain a simple stable coin fixed on the dollar's price, and which may not even use cryptography.

[hahay]

Not surprisingly, this digital coin really makes the business sector continue to make innovations that will make it easier for users to transact faster and of course more efficient to use digital coins which means cryptocurrency is indeed the main thing about this. Facebook is a large social network that certainly has many advantages if these digital coins are successfully implemented, because so far the buying and selling transactions on social networks using digital money is growing and for business entrepreneurs of course this is a very good opportunity.

[Oceat]

Overhyped. Facebook doesn't need to use blockchain for this. They can simply make a centralized database for currency transactions on the platform. It ain't going to be a permissionless network and surely can't have the same properties like Bitcoin.

$19 billion, if that's really happening, then is just a waste of money.

This is the question i have been asking for some few months now and no one have been able to give me a direct answer to this question, for the fact that facebook is creating a digital coin doesn't mean that it would be blockchain related, and i haven't seen anywhere were it is being stated that the coin to be created will be on the blockchain, may question is that, is there anyone here that knows if the coin is going to be a centralized coin or decentralized coin.

I've read some news before that it will be just a payment system money and it would not act as a cryptocurrency just like the altcoins that we have. But if Binance can make BNB then facebook can do it too but they are not an exchanges just like Binance. So that news about of payment system might be true using  facebook coin just like PayPal.

[daarul50]

I think if Facebook wants to make a coin they don't have to use networks like Bitcoin and Altcoin that currently exist, they simply use the center of the platform to store transaction data. $19 billion is not a little money. I think this will only waste our money to invest in.

[coinluisa]

Overhyped. Facebook doesn't need to use blockchain for this. They can simply make a centralized database for currency transactions on the platform. It ain't going to be a permissionless network and surely can't have the same properties like Bitcoin.

$19 billion, if that's really happening, then is just a waste of money.

That's true facebook don't need blockchain they can do it even without blockchain. I wonder why they need to do this? They made the Facebook without blockchain and as we can see their platform is successful and millions are using their apps around the world so I think they not need to make a Facebook coin.

[finzyoj]

What a fearless forecast coming from him, for me he is overestimating it but it's his opinion in which we can't do anything about it. But well, FB is a very big cimpany and advertising what they want to is not a problem at all thus making their own coin successful is in reach of their hands for sure. I just wonder why they are planning to enter this kind of thing? Are they not satisfied with the large revenue they can generate? I think so and that's natural, I understand that when it comes to business you should adopt on the latest trends to keep on surviving.

[Twinkledoe]

Overhyped. Facebook doesn't need to use blockchain for this. They can simply make a centralized database for currency transactions on the platform. It ain't going to be a permissionless network and surely can't have the same properties like Bitcoin.

$19 billion, if that's really happening, then is just a waste of money.

That's true facebook don't need blockchain they can do it even without blockchain. I wonder why they need to do this? They made the Facebook without blockchain and as we can see their platform is successful and millions are using their apps around the world so I think they not need to make a Facebook coin.

They need this coin to be competitive in the current hype of crypto. If they will not have their own coin, it's like they are being left behind by technology, considering that they are the front liners of digital age. It will be interesting to know what's gonna be for fb coin once it is launched in their platform.

[fuathan]

A Barclays analyst said that Facebook’s digital coin would provide the social network platform a “lifeline” if investments stop flowing in.

Full article here: https://www.unblock.news/news/barclays-facebook-coin-to-bring-in-19-billion-by-2021

LOL!! I thank you for saying it as a "Digital coin" and not a "Cryptocurrency" because it is not a crypto. It is probably going to be a worldwide currency which is centralized to the core. And it is a proven fact that Facebook tracks your data, so you won't be able to hide your wealth! In a nutshell, it is going to be another digital currency system with Government-grade surveillance! No matter whatever facility they bring in along with this digital coin and no matter how flexible they make it, you can't just get the same features that a trustless network provides!

We can definitely say it is a cryptocurrency. It may be a centralized cryptocurrency. Crypto doesn't mean it is decentralized. Please read how crypto and hash mechanism work.

[alyssa85]

A centralized token run by a corporation. How is this different from buying an ad voucher from Facebook?

It's essentially a clever way to get cheap funding from those who buy the initial launch in cash.

It isn't. Also, Facebook is under increasing pressure from regulators everywhere due to the crap they host on their platform. So I doubt very much that a coin they issued would be successful. It's not like people trust them or anything.

[Mahanton]

Overhyped. Facebook doesn't need to use blockchain for this. They can simply make a centralized database for currency transactions on the platform. It ain't going to be a permissionless network and surely can't have the same properties like Bitcoin.

$19 billion, if that's really happening, then is just a waste of money.

This is the question i have been asking for some few months now and no one have been able to give me a direct answer to this question, for the fact that facebook is creating a digital coin doesn't mean that it would be blockchain related, and i haven't seen anywhere were it is being stated that the coin to be created will be on the blockchain, may question is that, is there anyone here that knows if the coin is going to be a centralized coin or decentralized coin.

I've read some news before that it will be just a payment system money and it would not act as a cryptocurrency just like the altcoins that we have. But if Binance can make BNB then facebook can do it too but they are not an exchanges just like Binance. So that news about of payment system might be true using  facebook coin just like PayPal.

It would really be just like that and heck why comparing BNB to Facebook coin? The platform haven't still being announced yet if FB coin would use up some sort of traditional e-currency system or would use up some
cryptocurrency platforms as of this moment?

[mirawantirinjana]

I don't think about what Facebook will do if they really create their own cryptocurrency.
some time ago Facebook has banned advertising related to cryptocurrencies on their platforms. but now they will create a cryptocurrency and join in it, what more drama will this big company do?

[shesheboy]

I don't think about what Facebook will do if they really create their own cryptocurrency.

i think they will create thier own crypto because they want to earn more profit . they think that their coin can easily gain attraction or investors because their platform is big and verry popular  .

some time ago Facebook has banned advertising related to cryptocurrencies on their platforms. but now they will create a cryptocurrency and join in it, what more drama will this big company do?

the reason why they ban crypto is because they are jelous with other cryptos  . they dont want these cryptos to become popular becuase they are already planning thier own coin . i cannot think of other possible scenarios that may happen after this  .  maybe this is the last drama that facebook will do  .

[btc_angela]

I don't think about what Facebook will do if they really create their own cryptocurrency.
some time ago Facebook has banned advertising related to cryptocurrencies on their platforms. but now they will create a cryptocurrency and join in it, what more drama will this big company do?

They will join because there is so much money to be made that's why they are eager to have their own tokens. It's business anyways, so don't be surprised by the sudden turn around from Mark. He pretty much hire some of the best brains to create and market his tokens in the next coming years.