Facebook is raising money for Facebook Coin

[blockchainwriters]

The Facebook coin will work solely for Facebook advertising customers only but facebook coin will bring positive towards cryptocurrency industry to start a stable coin

[Natalim]

The Facebook coin will work solely for Facebook advertising customers only but facebook coin will bring positive towards cryptocurrency industry to start a stable coin

I believe that is the purpose, but who knows they will expand if they can successfully launch their project.
No doubt it will bring good effect to the crypto market as we are talking of a big company here adopting in crypto.
Words from big player cannot be trusted because before facebook ban crypto advertising, now they are having their own crypto coin.

[@baoli]

This will be very good for Facebook having to tokenise their space. Facebook has improved over time especially the aspect of adding reward for posts. With a digital asset it will be easy to have a global outreach.

[Fredomago]

The Facebook coin will work solely for Facebook advertising customers only but facebook coin will bring positive towards cryptocurrency industry to start a stable coin

I believe that is the purpose, but who knows they will expand if they can successfully launch their project.
No doubt it will bring good effect to the crypto market as we are talking of a big company here adopting in crypto.
Words from big player cannot be trusted because before facebook ban crypto advertising, now they are having their own crypto coin.

It can't be trusted as they can easily ruined everything when they wanted it, we are all waiting for whatever results this project will bring to the
crypto industry, with high hope that it will be used properly and bring good response coming from new big players to invest and also use the system
for their own benefits.

[edisystem]

Hyprocrite move actually by facebook. See how reluctant they are during the time they banned all crypto ads in their social platdorm and now they want to enter the market and wanna raise some money from it? Oh my God, what a strategy "Mark" Im pretty sure if this happened most social fans of fb will be on the loop however they will strangle by real crypto enthusiast. Who will win? True believer or those who are just fomoing.

Lmao, i know right! Back then facebook was banned cryptocurrency ads on their platform but now they want to release their own coin lol.

If facebook is raising money for facebook coin, i'm sure it will be success and sold out very fast (if ICO). Investors will look this as a big opportunity.

[danipay]

The development of cryptocurrency by Facebook can be an advantage for their companies. Facebook is improving its business model because it has received criticism from consumers, politicians and advertisers. Facebook was criticized for user data leakage problems.

[jademaxsuy]

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...

No, I think you are wrong when you compare fb coin number of users and number of users in.bitcoin or even add it all users of all cryptocurrency would not surpass by fb users around the world. Guess, if all.will be inform by the fb coin in facebook platform then it will be huge. And as what OP stated that it may even surpasses bitcoin.

[burky156]

Lots of people thinks that the facebook is late for the enter in the cryptocurrency market but i am not agree with them. I know about the Mark Zucherberg and i am sure he is know what he is doing in big time. I strongly believe that he has waited for the right time to arrive blockchain world and that was the right time and he made the start. I am following them daily and i will invest when they release the facebook coin..

[Wintersoldier]

This will be very good for Facebook having to tokenise their space. Facebook has improved over time especially the aspect of adding reward for posts. With a digital asset it will be easy to have a global outreach.

I think if facebook will going to utilize these new token even further, the essence of connecting people's live will going to be somehow replaced by a market wherein, people will focus on buying and selling items through the use of cryptocurrency as their main token, and through that, maybe we could rely on other platforms.

[zauna35]

too many restrictions have been pursuing Facebook users lately ... yes, they have a name, but the reputation is not so bright ... in my opinion they are unlikely to surpass Bitcoin.

[thesmallgod]

If this is true then I begin to wonder what exactly, and how robust is this their project is that they have to look for way to raise fund for their coin. I have seen the financial statement of facebook before and I believe they have more than enough to fund their project without need to raise any fund. In my on opinion, it may be a joint development or they do not want to bear the risk alone.

[eann014]

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, in my understanding, you are saying that FBcoin will be more worth it in the future than bitcoin because as what you've said it can easily surpass bitcoin in a daily usage, and I think its possible but we cannot deny that if isnt because of bitcoin all altcoins will be nothing.

[Natalim]

The Facebook coin will work solely for Facebook advertising customers only but facebook coin will bring positive towards cryptocurrency industry to start a stable coin

I believe that is the purpose, but who knows they will expand if they can successfully launch their project.
No doubt it will bring good effect to the crypto market as we are talking of a big company here adopting in crypto.
Words from big player cannot be trusted because before facebook ban crypto advertising, now they are having their own crypto coin.

It can't be trusted as they can easily ruined everything when they wanted it, we are all waiting for whatever results this project will bring to the
crypto industry, with high hope that it will be used properly and bring good response coming from new big players to invest and also use the system
for their own benefits.

They can only ruined because they have the power, but as this market is growing and more institutional money coming it, it will give balance to different interest.

[[btc]YSG]

If one the biggest and most populated social media adopt the use of cryptocurrency and the blockchain technology, It shows that there be new level of use case and investors that is needed in the crypto world.

[raden1922]

I think this will be good news this week. I have to admit that Facebook has very many users and is spread throughout the country. Most likely this project will be a big success and attract many investors. We are waiting for the next good news. Thank you for this amazing news.

[vucuong16101997]

I think this will be good news this week. I have to admit that Facebook has very many users and is spread throughout the country. Most likely this project will be a big success and attract many investors. We are waiting for the next good news. Thank you for this amazing news.

You know that electronic money takes 10 years to get the current number of users. FB participated in this market, they are in the hands of a huge data block of users. While it is in everyone's opinion that fb's time of participation is late, but with the signal of fb (the world's largest social network), I'm sure that crypto is really a giant piece that corporations All want to have.

[Uju4real]

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.

If they finally succeed, I believe this will be a huge advantage to the wide spread of Crypto adoption and this will actually draw in more whales into cryptocurrency

[ivan376]

Anybody knows when this facebook coin will be launched and available for trading?

[vermigerous]

With the trending of the crypto currency there's no new thing if Facebook want to ride this trend. they can see if they engage in this kind of investment they can make another billion of dollars from it. no wonder the big company from all over the world is coming to crypto because they can see a lot of potential can be get here.

[necromastery]

Anybody knows when this facebook coin will be launched and available for trading?

Well I try to browse it on google, I can't find the exact date or maybe I miss it since it just quick search. I just see that they will release the whitepaper on june 18. https://www.cnet.com/news/facebook-cryptocurrency-could-be-announced-in-june-2019/