Facebook Diem thoughts

[SlimShadyMmp]

It feels too restricted to me but still lets wait and see what happen but actually I think is more like platform coin only on Facebook and its partners So basically from their intro and notes I think it cant be a coin we can use on exchange or have full freedom of utility from it So My guess is just another libra till the government lay down on crypto and some rules are established

[yazher]

A centralized and a stable coin? looks like a meh to me since you can't get anything from it when you try to hold it. only good for those people who are looking for an alternative to make things easy for them when they wanted to hodl their cryptocurrencies at a stable price. they can convert it to this coin temporarily and not having to worry about the volatility of the price while they are away from the market. More stable coins are good as long as they came from a trusted source and are back by huge companies such as Facebook.

[Fundamentals Of]

Even though I am not a fan, I think Facebook along with Instagram and Whatsapp are social media platforms big and influential enough for Diem to have a future. Of course we are not expecting the future of Diem to be a huge success. But it will certainly create a big community of followers, probably big enough for it to be considered successful. As to whether it will last long or not, I am not sure. Perhaps it won't. But this will become an additional call for more tokenization in the business industry.

[traderethereum]

I was looking at Facebook Diem, I know it's coming from failed project Libra. It's not only about coin, they are building the whole infrastructure: blockchain, wallet...
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.

What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?

I do not think much about those projects because I think they are still under development while we are not seeing too many announce or update from them.
Maybe someday, they will announce it to the public, but I do not think much about them once again.
If they force people to use their tokens or follow what they want, I will leave them and not use them anymore.
I only think they are still working on that project, and maybe they can make crypto bigger since they have thousands of members using their services.
But it is not good if they force their members to use their tokens to use their service.

[Ros-In]

although coin libra and block explorer are ready, I'm not sure the libra project will really come after a lot of criticism and rejection from various parties.too heavy for that

[superman184]

I was looking at Facebook Diem, I know it's coming from failed project Libra. It's not only about coin, they are building the whole infrastructure: blockchain, wallet...
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.

What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?

I think, Since Facebook announced plans to launch Diem, an alternative to the Libra project, the coin has not appeared on the cryptocurrency map due to objections from global financial regulators. But I think the problem is when and when is the right time to have a Diem appearance in this field, what I feel from this market after so many years about big companies they are really serious about seeing the blockchain field as one of the future solutions to make a living society is better.

[Moeda]

I was looking at Facebook Diem, I know it's coming from failed project Libra. It's not only about coin, they are building the whole infrastructure: blockchain, wallet...
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.

What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?

If we see the concept is almost the same as Libra. Maybe it's true from what you say that all of this stems from the failure of Libra. And Facebook wants to develop a new concept with a new name. Diem, a Facebook-backed digital coin is expected to launch later this year, albeit in a much more limited form. Diem is currently in talks with Swiss financial regulators to obtain a payments license, an important step that will put the organization further on the path towards its digital currency project.

[Vatimins]

     Personally, I love the idea behind the project. The only problem is that the difficulty it will face as it starts getting permissions to operate and all. Regulators will be tight about such matters and even with the approved ETFs, regulators will still aant transparency over such matters. Their main reason will be the so called protection of the users (although plausible, I doubt they care to such an extent) and of course the dough that's rightfully due for them in their eyes. Face book will probably focus more on improving utility and innovation.

[dhemasm]

A centralized and a stable coin?

Well, it does remove the real purpose of Decentralization but i suppose it's still good things, I mean one of the biggest company was implementing Blockchain even though it's centralized but it's still good option to introduce the Blockchain to the global market especially facebook, instagram, whatsapp or any facebook branch platform where we know most of people right now using it and through Diem people can understand how powerful the Technology.

[Devifajarina]

I was looking at Facebook Diem, I know it's coming from failed project Libra. It's not only about coin, they are building the whole infrastructure: blockchain, wallet...
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.

What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?

Many failed projects in the past are trying to convert today, by applying the new patterns they apply, blockchain infrastructure is the basis for those who want to grow, with careful preparation they have developed, and Facebook, Instagram, Whatsapp are the right ones as media currently for them to take advantage of, but to transfer money I think it will be difficult for them to develop the ecosystem.

[Valak]

Diem is a project supported by Facebook, as previously Facebook also plans to launch Libra. But we know that Facebook is a big company but Libra until now has not arrived. Even many who predicted Libra to be a big blockchain, it failed in the end. Maybe it also has the same fate as the Diem project. There are even reports that Visa and Mastercard are pulling out of support for the Diem project.