Facebook is raising money for Facebook Coin

[Galantin]

VK Already in full working on his coin. So FB should hurry and he will lose the race. And in general, why it was not possible to create one before, everybody knew everyone that the technology was developing and useful for the company.

[angrybird3591]

FB has a great community. If they develop their own coins. I think it will explode. Now many people still make money through FB.

[wenwen]

This is a very promising industry and I am glad that Facebook is on an innovative path. On staunch step Facebook points the that many social networks began to copy these actions and create their coin. I think very close to the time when all social networks will get their coins for which you can buy intra-products or use them in everyday life. Facebook and Telegram are leaders in this field.

[Alpinat]

This news is already published like in the year of 2018. I don't really know if Facebook is raising money for their own token but if that is really true. I will definitely buy it and I will hold it for the future. For sure that will be a well develop coin. I am hoping that will happen in the future 

[novy]

Why Facebook need to collect money to distribute their stable coin? And I guess they are just follow the fashion of blockchain, to be on the same step of evolution of financial revolution.

[bitgolden]

FB has a great community. If they develop their own coins. I think it will explode. Now many people still make money through FB.

Almost all online business are connected to Facebook in one way or another, Facebook, instagram, what Sapp are all under same management and these  3 means are the most popular way in which people make money.

Facebook has really overtime gain the massive trust of users for what they have done in their lives with the little token they get from them and whatever policy facebook brings will massively gain recognition and be massively adopted. They don’t even need to impose the coin on people when it comes out for them to get people to comply with it. Facebook coin will indeed bring a very shining light to the cryptocurrency.

[jan.nicolas]

Why should they even collect some money? It seems to me that this company can make a very large amount of investment and create a token of it, because this is a huge number of programmers who today can use a very large number of possibilities.

[liuqi]

Although Facebook has lot of users in the world.  It's good idea for Facebook owners to make Facebook coin.But l think this decision taken by fb owner is to late,Whenever different types of currencies are in the market like crypto currency etc.so l think how can face them .

These kind of giants are good to have big market presence for the crypto industry but who knows whether they also may came up with the centralized cryptocurrency to invest and lock our fund as they wish like how the ripple does for the crypto marketplace.

When you invest on this coin remind it, please sell instantly when FBcoin listed on any exchanges else you loose the money invested.

[prof7bit]

Although Facebook has lot of users in the world.  It's good idea for Facebook owners to make Facebook coin.But l think this decision taken by fb owner is to late,Whenever different types of currencies are in the market like crypto currency etc.so l think how can face them .

These kind of giants are good to have big market presence for the crypto industry but who knows whether they also may came up with the centralized cryptocurrency to invest and lock our fund as they wish like how the ripple does for the crypto marketplace.

When you invest on this coin remind it, please sell instantly when FBcoin listed on any exchanges else you loose the money invested.

I even think that such informational and technological giants, such as Facebook, will replace the banking system for 5-10 years.

[bartusv]

It is good that Facebook is joining the space and tokenizing it`s platform. It will have great impact  on the awarness
of crypto as they have more than 2 billion active users monthly.

[fortunecrypto]

They are coming just in time, jus tin time when the bull run is coming but I will just consider them as a hype coin just like Electroneum unless they can offer a new algo for the community, that has not been implemented yet as weall know hype coins eventually die down, same thing that's going to happen to Facebook coin.

[Jose Mourinho]

Facebook's big name certainly makes anyone believe in their project, I hope this can make crypto great again, the thing that is still confusing up to now is that the supply of Facebook coin is unknown.

[GregH37]

They are coming just in time, jus tin time when the bull run is coming but I will just consider them as a hype coin just like Electroneum unless they can offer a new algo for the community, that has not been implemented yet as weall know hype coins eventually die down, same thing that's going to happen to Facebook coin.

You and I know that Facebook has never really failed in any project he deep his hands into, you can’t compare the popularity of Facebook to that of Electroneum, I have never even heard of such name before, but if you ask 8 out of 10 citizens, they will tell you the history of Facebook.

I believe Facebook will not just decide to join the cryptocurrency community without having a tangible product to offer, so I believe strongly in whatever Facebook has to offer and I am so sure that its coin will really create a very big boom in the cryptocurrency marketcap, with the introduction of Facebook coin, we have just began another bright movement in a crypto journey which will see to the success of it.

[jakelyson]

if they launch their FBcoin I don't think it will replace bitcoin just because of million users of facebook, not all of them are crypto users. Well let's see that in the future.

The main users of FBCoin will be companies and corporations, streamers and earners and payers using bitcoin to run their company ads, stream payouts, and the like. If they play this right it is a potential billion dollars market.

[akram143]

I think they are seriously entered into this script of it and make the steps for the new cryptocurrency to  launch in very short time and I think their marketing strategy will be different than the other type of promotion and I think it will be silly possible to reach the people with huge attraction.

[whirlcoin]

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.

is this true they are doing it seriously, I think the chances of getting the people to be attracted by the Facebook is very much easier and the place will be always there for this type of bigger companies will be easily given by the people to trust because they are always been in part of our life that's why it will be possible to develop very easily.

[Bitfling]

I think they are seriously entered into this script of it and make the steps for the new cryptocurrency to  launch in very short time and I think their marketing strategy will be different than the other type of promotion and I think it will be silly possible to reach the people with huge attraction.

Facebook have a lot member in the world and i am believe facebook considering to enter in crypto world. If this happen, i am believe crypto market will growing more attractive and will be profitable. More big company join in crypto market will make investor more confident and i am believe market cap value will reach trillion dollar

[mangsitin]

I think Facebook is very serious about developing their project to make Facebook coins, so Facebook is looking for billions of dollars in funds for the project, but unfortunately according to the information that Facebook coin will be a stable coin. So it's not the original Crypto.

[princeyeboah]

Facebook has got the numbers because it host the largest number of participants as compared to the other social media platform, hence raising funds for its coin will not be a problem. Facebook in itself is a large platform for promoting its coin once it gets launched on the market and this will raise its patronage tremendously well. As long as this will bring additional value to the entire crypto market, I believe Facebook should carry on with its cryptocurrency development.

[Natzudragneel100]

     I think it would become the greatest rival of bitcoin if it does happen. To the fact that there are millions of users of facebook,  it will be not hard for them to make advertisements and encourage the users to support them. It has a huge market,  huge market means more success. However I do not think that it would surpass bitcoin. It will be a huge rival but can't defeat bitcoin. That's my opinion.