Facebook is raising money for Facebook Coin

[Brunus]

It will be the end of the crypto!
Facebookcoin will be sold as "the real deal", but for sure it will be fully centralized.
But people will believe to Zuckenberg...

[DarkEagleMan]

In fact, Facebook is not even guaranteed to remain as the site of great popularity in which it has prevailed over a decade, because for the new generations this social network is already part of the past and are looking for and developing new and more attractive forms to interact with others. It is well known that Facebook and Twitter are coming down, while cryptocurrencies are rising.

Perhaps all this rumor is just a sign that Facebook is making efforts to delay his imminent death, although it seems to arrive too late to the issue of cryptocurrencies.

[AgentZero23]

I don't know why Facebook need to raise money on their own coin if the have billions of dollars. If this indeed true and push through it could be the most valuable coin and have the most use case.

[Semosuchi Tesongrato]

It will be the end of the crypto!
Facebookcoin will be sold as "the real deal", but for sure it will be fully centralized.
But people will believe to Zuckenberg...

Yes, this is what will happen. It's very sad.

[AUruHM]

Yesterday I created a topic here about Facebook Coin: https://bitcointalk.org/index.php?topic=5129560.20

After that Nathaniel Popper, a NYTimes reporter that covers crypto, said Facebook is raising money for its crypto project. Seems like I may not be wrong in my article.
Here and here:
https://twitter.com/nathanielpopper/status/1115331482384388098
https://coingeek.com/facebook-seeks-1-billion-investment-from-vcs-for-its-crypto/

I can't see other reason for Facebook to be raising money if its not to back its own decentralized crypto. FB wouldn't need to raise to issue a stablecoin.
Everybody in the original topic said FBCoin couldn't replace bitcoin. While I agree that the ultimate store of value will remain BTC, I think FBCoin could easily surpass BTC in daily usage and, therefore, market cap.

I ran some numbers and I think its possible that FBCoin launches with around 300B USD market cap and reaches 1T in a few months. I'm comparing to HKD M0/M1 and HKMA's stability fund.
But I think FB should raise at least 10B to cover the initial stage of running a "sovereign" fund to stabilize the currency against extreme volatility, like I wrote in my article: https://medium.com/blockchain-positive/how-facebook-coin-can-help-billions-of-people-by-not-being-a-stablecoin-d780b6579e93


Brace yourselves, new times are coming.

One sentence - is FB don't have enough money that he should make fundraising? Is it true? Otherwise why they make this crowdfunding? Or they want to sell us their coin which will have made for our money? It's not clear for me absolutely. And I don't see on the tokenomics or same. But why?

[Metall303]

I don't know why Facebook need to raise money on their own coin if the have billions of dollars. If this indeed true and push through it could be the most valuable coin and have the most use case.

it can be the most useless coin ... any cryptocurrency that is limited by some kind of resource and can be replaced with any other currency is useless. The Facebook coin can be replaced by Ethereum or Bitcoin. so facebook coin is another empty coin for internal use.

[pishite]

Another HYIP coin. Will most likely be binding to the dollar, will be a stable exchange rate. As for the solutions that she can decide, this is an opportunity to pay coins to all users of social network. Everyone will have their own wallet, which can be used without complicated manipulations. As for reliability unlike btc all bad, because the coin is controlled by the corporation and not by ordinary users and they can block transactions without problems.

[rosezionjohn]

Too late. They most likely missed the crypto train. Banning crypto ads and accounts damaged their reputation and it wasn't already in a good shape before it.

It will still create some hype however. It still has a name which is worth millions of dollars. Just a name...

Believe buddy, when i say this, what you mentioned above won't in anyway do any harm to facebook doing an ICO. In fact,  it will instead increase the popularity of facebook all around places over the world.

I don't get this facebook popularity will increase even more if it will conduct an ICO. It's as if cryptocurrency investors are not yet aware of facebook. If anything, it's cryptocurrency whose popularity might increase because of this move by facebook.

[cryp24x]

Some say that Facebook is too late for Cryptocurrency. But are they really late or just in time? The hype on the move of Facebook on creating their own coin just proved that everything can be tokenized. The trust rating of the tokens will surely rise up which is good on the way up of BTC and Altcoins. We just hope for the best. Nothing will be lost when we support it.

[Ultimist]

Well, it is unlikely he will be able to outshine bitcoin in capitalization. On the one hand, this coin is already doomed to success because it has a well-known Creator, but on the other hand, stable coins are not in great demand among crypto lovers.

[Cryptrx]

I don't know how serious the Facebook news is but if true, it will be a big win for crypto. Imagine when Facebook aggressively advertises it's coin to billions of users, it will be adverting crypto at the same time also.

[baeva2]

Facebook was late with its Facebook Coin.It is unlikely that it will be popular and gather investors. Another useless coin.

[entebah]

Well, it is unlikely he will be able to outshine bitcoin in capitalization. On the one hand, this coin is already doomed to success because it has a well-known Creator, but on the other hand, stable coins are not in great demand among crypto lovers.

I think it will be two opposing sides, I myself prefer Bitcoin if Facebook coins are born, because if Facebook coins are centered, it can be said that Facebook coins are not genuine Crypto.

[TomArayaSlaya]

They will need to clear themselves first after all the critics on BTC and crypto am not sure they will make that much of an impact but for the best parts i wish them goodluck and i will be watching how they play in the market coz right now is a tight game

[Chrystora123]

the crypto experts have predicted that if Facebook issues crypto coins (Facebook Coins), then the company's profits will increase, It's never too late for Facebook to start this, I really hope that Facebook does this as soon as possible, Facebook Coin will go to the moon 

[jvper]

What I heard is that Facebook Coin would be a stablecoin valued after a basket of main fiat currencies, and the total cap would be around 1 billion dollars.

[CaVO32]

Facebook was late with its Facebook Coin.It is unlikely that it will be popular and gather investors. Another useless coin.

though they are a bit late to introduce their coin but don't forget the fact that they have many users in this platform. adoption of their coin would be fast and easy because it encompasses a large part of the community at all levels, rich or poor, all types of individuals, different races and so on. if the fb dev team will make their cryptocurrency easily understood as like an idiot-friendly coin, then the adoption will spread like wildfire. many people are still ignorant how to deal with crypto so creating this fb coin might gain more ordinary users and educate them how crypto coin works.

[udidrone]

Facebook was late with its Facebook Coin.It is unlikely that it will be popular and gather investors. Another useless coin.

though they are a bit late to introduce their coin but don't forget the fact that they have many users in this platform. adoption of their coin would be fast and easy because it encompasses a large part of the community at all levels, rich or poor, all types of individuals, different races and so on. if the fb dev team will make their cryptocurrency easily understood as like an idiot-friendly coin, then the adoption will spread like wildfire. many people are still ignorant how to deal with crypto so creating this fb coin might gain more ordinary users and educate them how crypto coin works.

From what i see maybe facebook use their coins to do transaction in their platform. In other side, actually it is good because they have their platform first and then a coin made. Because some developer only think to make their token/coin first before have a platform to use it.

[coin-investor]

Yesterday I created a topic here about Facebook Coin: https://bitcointalk.org/index.php?topic=5129560.20

After that Nathaniel Popper, a NYTimes reporter that covers crypto, said Facebook is raising money for its crypto project. Seems like I may not be wrong in my article.
Here and here:
https://twitter.com/nathanielpopper/status/1115331482384388098
https://coingeek.com/facebook-seeks-1-billion-investment-from-vcs-for-its-crypto/

I can't see other reason for Facebook to be raising money if its not to back its own decentralized crypto. FB wouldn't need to raise to issue a stablecoin.
Everybody in the original topic said FBCoin couldn't replace bitcoin. While I agree that the ultimate store of value will remain BTC, I think FBCoin could easily surpass BTC in daily usage and, therefore, market cap.

I ran some numbers and I think its possible that FBCoin launches with around 300B USD market cap and reaches 1T in a few months. I'm comparing to HKD M0/M1 and HKMA's stability fund.
But I think FB should raise at least 10B to cover the initial stage of running a "sovereign" fund to stabilize the currency against extreme volatility, like I wrote in my article: https://medium.com/blockchain-positive/how-facebook-coin-can-help-billions-of-people-by-not-being-a-stablecoin-d780b6579e93


Brace yourselves, new times are coming.

So you are telling us this is the coin that could possibly beat Bitcoin with 1 Trillion marketcap in just a few months what Bitcoin has failed to do, this is over shilling the coin, not because Facebook is a huge company that they can do this easily, we still have to see this.

[gudjhonson]

Facebook was late with its Facebook Coin.It is unlikely that it will be popular and gather investors. Another useless coin.

though they are a bit late to introduce their coin but don't forget the fact that they have many users in this platform. adoption of their coin would be fast and easy because it encompasses a large part of the community at all levels, rich or poor, all types of individuals, different races and so on. if the fb dev team will make their cryptocurrency easily understood as like an idiot-friendly coin, then the adoption will spread like wildfire. many people are still ignorant how to deal with crypto so creating this fb coin might gain more ordinary users and educate them how crypto coin works.

From what i see maybe facebook use their coins to do transaction in their platform. In other side, actually it is good because they have their platform first and then a coin made. Because some developer only think to make their token/coin first before have a platform to use it.

The Facebook strategy is indeed quite good, with so many communities it is not difficult for the development of FBcoin. Even though there are many investors who are not interested, there will be a lot of migrants who are more curious and will contribute in it. The success of FBcoin will occur but I don't think it will beat Bitcoin.