Who Would Really Buy Facebook Coin?

Honestly, who would buy this? Serious question! I've been reading about it and I don't see how Facebook can create a coin that upholds the values crypto portrays (censorship free currency).

https://tipestry.com/topics/5ce41169570b6c1f0750a040/facebook-to-release-its-own-cryptocurrency-on-whatsapp-%E2%80%93-libracoin-%E2%80%93-with-its-base-in-switzerland-and-first-launch-in-india

Im pretty sure there will be a huge numbers of supporters of facebook coin,theres a huge userbase for facebook and im pretty sure there are hundred of thousands of bitcoin or cryptocurrency user in general plus im pretty sure that facebook will get big partnerships from other platforms like wechat/instagram and many more.

I'm sure there are private company to buy or will be open to public for investors around the world but I would not be one of them, even Facebook is my main social media to engage with people. I have no intention to buy it anyway, there are a lot good coin to hold already and I don't need to add facebook coin on my portofolio. I prefer to earn it (if possible), instead of buy it.

Forgive me but I don't see any article talking about facebook having a launch of their crypto coin in India. If I'm not mistaken, their coin would be stable coin and it will launch on Q3 of this year. Actually, nobody would invest on stable coins lol. This is an ache to people, the project is good the project isn't only a project it is not a drawing they have a concrete platform that is used by many. Yet, their coin is stable.

Probably... only if I need to purchase goods or services that is only offered via the FB platform.

I don't like Facebook for its censorship and for selling out your information.
Never had FB, Friendster or any other socmed accounts that could be tagged to my real world identify.

I think this brand of coin it will be huge success because Facebook is well know and i think their coin will serve as payment for their services like for ads and purchase and their are lots of possible use their coin

Yes i would, i'm sure once facebook coin token sale start, it will easily sold out in a minute or even in a second. Investor will buy with a big amount for sure. Me myself will buy facebook coin too, if we can use facebook coin on facebook platform, the price of facebook coin will increase for sure.

Quote from: PHDJarrod12 on May 22, 2019, 03:12:49 AM

Advertiser would require facebook coin to advertise on facebook and content creators and users would earn facebook coin from using facebook platform. It's more like what brave browser imagined the internet to be. And facebook would just act as a medium and take the commission in between. Facebook is already a successful media even when it's greedy and keeping all of its profit to itself. Imagine how successful it would be when it pays its users for their dedication. A youtube and steemit all at once.

Everyone will buy it. Facebook is one of the biggest giant in technology, I believe they will bring a coin which will widely be accepted for money transferring. This will probably be a revolution. Nevertheless, it is better for the whole cryptocurrency industry because more people will be concerned about cryptocurrency.

Quote from: Astvile on May 22, 2019, 03:17:35 AM

Yes, of course. The way I am seeing it, Facebook will have its own coin and it can be official currency in all the social media platforms controlled by Facebook. All advertisers of these platforms will be using the coin to transact business. And this is a huge market...as Facebook is generating billions of sales annually. Then there is the possibility that Facebook will establish partnerships with other businesses and organizations. Wow, this can be a big coup for Mark and his minions. Of course, not unless something can be go wrong that result into a big disaster but knowing the kind of vision and expertise that Facebook people have the chance for success of this endeavor is absolutely so high. I am now wondering: Will this lead Mark to be the unofficial King of Cryptocurrency?

What is clear, we need to understand first about the coins that will be created by Facebook. Learn the concepts, systems, and various advantages that are given, including the roadmap. because with that, surely investors will increasingly know and possibly be interested in the coin. If the coin is indeed promising, then we don't need to ask who will buy it, because investors certainly know which coin is the best.

Of course there are why have you asked that? Theres are many useless projects even existing in the market without true use in the industry out there compared to facebook coin itself.

I am of the opinion that the coin made by Facebook will later function to buy all the services that are on its platform, such as advertisements, games and maybe they will give it as a reward for its users, just like youtube or google ads. But I am not very sure of the article that you shared, because the news about Facebook coins has existed from several years ago, but until now there is nothing and if I am not mistaken that regulations in that country are not friendly or support crypto.

Quote from: labilaab on May 22, 2019, 05:01:41 AM

Of course there are why have you asked that? Theres are many useless projects even existing in the market without true use in the industry out there compared to facebook coin itself.

Exactly. Considering the scope of facebook alone, they will have better reach than other crap coins. And thinking of Zuckerberg, he will not let fb coin be branded under shitty ones. They will find ways how to utilise this coin within their platform alone. So yes, I believe there are users that will buy this coin.

why cant facebook produce a coin that will meet up with crypto standard?
i feel it should be more than qualified, if has been an internet contributing platform that will be readily available for bounty campaign and it is financially capable, it acquires billion sales yearly. i hope to be a part of the project.

for sure those who need it. if Facebook coins can be used to pay for their services this might work. You know the service of Facebook ads, one of the biggest advertising media after Google Ads. so if a Facebook coin can be used to pay for it, there will be many who need this coin. I'm still optimistic that if Facebook releases their coins, there will be a big change that will occur in the market. maybe their coins will go straight into the top 5 marketcap coins.

Facebook coin will definitely get a huge number of investors because users will believe it will be a stable coin and Facebook already have the public trust which will burst the confidence in the investors mind. Am waiting to see if the Facebook coin will be a tradable token or just utility token that will only be used on they platform.

It is not the question of who instead the best question is why we need to buy this? Facebook is very popular platform right now and there is a big chance that the Facebook users will use it's upcoming currencies.

There are plenty of usage in it's currencies. For example if they are going to use their currencies as one of the payment option for their advertisements then the advertisers will surely buy their currencies.

Probably big company, but we will know if it's out in the market for trading.

Buying facebook coin is like you are investing in their profitable company, so I think it's not a question now as we know they have a good reputation and their company is very profitable.

Honestly, I cannot give my full opinion as I haven't read the whole purpose of this coin, but you know because it's coming from a big company, they will not have a hard time selling it, and convincing people to buy it.

Those who supports FaceBook would buy it and we don't know what would the features of this crypto would be.
If it would be used as a payment on their site and they would give something to the holders then they could really get so many supporters.