Facebook Diem on the run for launch

[Abiky]

Zuckerberg has long squandered time to launch his stablecoin. A few years ago maybe Libra / Diem would have been a big project. Now, the dollar-backed stablecoin should come as no surprise. There are already a lot of such coins. As conceived by Zuckerberg, the enormity of the project was given by the linking of this coin to Facebook. But the regulators have not given him the opportunity to carry out his plans for a long time. They will continue to block the appearance and circulation of this coin, if it is somehow connected with Facebook.

If Zuckerberg really wants to launch Diem, all it has to do is meet with regulator's demands in order to reduce or minimize opposition as much as possible. I'm sure banks would love a piece of the pie if all goes accordingly as planned. I think what's stopping Diem from becoming a reality is the fierce competition in the crypto/Blockchain space. There are so many established projects which serve exactly the same purpose as Diem. With a plethora of stablecoins, and crypto payment processors, it'll be hard to imagine Diem staying afloat for a long time. Not to mention, Ripple's XRP Ledger is aiming to replace SWIFT with its high-performance "blockchain" network. Many banks have done partnerships with Ripple, so there's that.

The probability of Diem's launch is very low, so I'd focus more on decentralized cryptocurrencies since that's where the money is. We'll never know what Zuckerberg's plans are (especially with the announcement of Meta), so anything can happen in the future. Just my opinion

[habebe]

imagine that we can say that the whole situation involving Facebook’s crypto currency is an endless moving, for the fast few years it has been known and until now it has not been launched.  Occasionally this changes, ending in a delay in their crypto currency development.

[Quidat]

I think that facebook libra  or anything that won't occur at any point in the near future. Individuals expect that it will occur yet I accept that it won't occur by any means

Its already Metaverse.

But could we really assure that it wont end on the same fate.
https://coinyuppie.com/will-facebooks-metaverse-end-up-the-same-as-libra/

I dont really expect that much about development on this.

[Ozero]

Regulators want Libra/Diem stablecoin to have nothing to do with Facebook in the first place. Zuckerberg has already given up on backing his stablecoin with a basket of government currencies and securities, as originally planned. At this stage, Libra/Diem will only be backed by the dollar. If it is not already linked to Facebook, then this stablecoin will no longer be of interest to users. After all, it will be no different from many other stablecoins backed by the dollar. That's why it hasn't been on the market for so long. Zuckerberg had too ambitious plans, so the states single-handedly stood in the way of their implementation.

[eaLiTy]

Its already Metaverse.
But could we really assure that it wont end on the same fate.
https://coinyuppie.com/will-facebooks-metaverse-end-up-the-same-as-libra/
I dont really expect that much about development on this.

I am expecting the same fate as Libra simply because of how they dealt with the user data earlier and with Metaverse you cannot trust them that they will be taking care of the data they are collecting including facial recognition which is a real concern and i am sure there will be opposition regarding this and how they are going to implement the metaverse is a big question.

[Mauser]

I don't really see how the Facebook crypto coin is going to fake over the crypto world. Facebook or better Meta controls the majority of social media, with Instagram, WhatsApp and Facebook. There is already so much information bundled into one company. Why would people now also rely on that for their financial informations? For me crypto currencies means independence and having more control. Going with Facebook doesn't really over that for me. And everybody who thinks that Zuckerberg is trying to make the world a better place should watch the Facebook movie. It's all about making money.

[SquallLeonhart]

I am expecting the same fate as Libra simply because of how they dealt with the user data earlier and with Metaverse you cannot trust them that they will be taking care of the data they are collecting including facial recognition which is a real concern and i am sure there will be opposition regarding this and how they are going to implement the metaverse is a big question.

In the case of Libra, I think the challenge they had was with the government, and not truly because of them not being able to meet up with what is expected of them. So, I’m not really going to blame them in this, because everything that happened was because of the challenges they had. Although I know that it’s true Facebook usually have problems with handling of user’s data, let’s hope that they have learnt their lessons and would do better this time around in making sure that their users data is secured.

Metaverse is a huge trend this year, but I can’t really tell you that it is going to be the same in the future, maybe if they can continue to make updates that would interest users and keep them attached to the platform, it will continue to be a success.

[so98nn]

I do not think that Facebook in its best condition to start a new war, which is launching a digital currency and urging its huge community to do so. There are many problems they face:

• Cambridge Analytica scandal and privacy protection.
• Data manipulation and extremist content control scandal.
• Problems of monopoly and their possession of evidence bases.
• Privacy issues in WhatsApp.
• The recent problems that led to the freezing of all its applications for more than 4 hours.

the society is now not ready to launch digital currencies or start spending, especially with supply chain problems.

If anyway somehow facebook manages to launch the Diem I dont think that its anyways different concept than what we have today?

Same over and over again, the payment system, self control, this governance that governance, I am really disappointed as to what is new in that one? I am simply happy with the way bitcoin is or any shit coin that offers me lightening transaction over blockchain.

If they gonna convince me that I will be able to use the Diem over real world applications or using the fb services then no thanks, it all got covered with the current projects (N-number of them).

[tyz]

I think that facebook libra  or anything that won't occur at any point in the near future. Individuals expect that it will occur yet I accept that it won't occur by any means

Its already Metaverse.

But could we really assure that it wont end on the same fate.
https://coinyuppie.com/will-facebooks-metaverse-end-up-the-same-as-libra/

I dont really expect that much about development on this.

Facebook has lost its chance with Libra for now. I think Libra will only play a role in the metaverse, and that can still take a few years to develop to this extend that Libra will play a major role. I rather believe that Paypal will launch the first fiat money backed "cryptocurrency" and become successful with it. Paypal has already announced this indirectly and I think they have learned from Facebook's mistakes.

[el kaka22]

Although I know that it’s true Facebook usually have problems with handling of user’s data, let’s hope that they have learnt their lessons and would do better this time around in making sure that their users data is secured.

No one is talking about the Facebook Diem any longer, and I have even forgotten about it until I came across this topic again. Is the project still going to work out at all?

Now, Facebook seems to have moved on to some other projects, it’s quite possible that they are going to overlook the Libra/Diem project and focus mainly on metaverse which seems like it is going to be the next biggest thing that we will see. Unless maybe they will decide to launch this cryptocurrency later on, on their metaverse platform. We don’t know this yet and as time goes on we will all get know.

[sana54210]

If anyway somehow facebook manages to launch the Diem I dont think that its anyways different concept than what we have today?

Same over and over again, the payment system, self control, this governance that governance, I am really disappointed as to what is new in that one? I am simply happy with the way bitcoin is or any shit coin that offers me lightening transaction over blockchain.

If they gonna convince me that I will be able to use the Diem over real world applications or using the fb services then no thanks, it all got covered with the current projects (N-number of them).

It may not be too different, but it will be "by meta" written there, and that has a lot of value for many people. I know it doesn't make sense and I know it shouldn't matter but some people prefer it when it is from a gigantic corporation instead of some some regular company. I know that fundamentally nothing will change, and I know that the blockchain behind all of this will not be some huge new thing with bunch of new features but at the very least we will know that it is from facebook and mark and it would not be some scam that they will take our money and leave. That is basically the only thing that is guaranteed with something like this, rest are all the same.

[The Sceptical Chymist]

In the case of Libra, I think the challenge they had was with the government, and not truly because of them not being able to meet up with what is expected of them.

Of course it was the government--obviously if FB had its way, Libra would be a thing right now instead of something that just kind of quietly died.

Why in hell was this thread bumped, anyway?  The bumper didn't really add much to this generally awful discussion except for a generic but lengthy shitpost.  Anything that's going to happen with Facebook and crypto and/or the metaverse has yet to be seen, and speculating about a potential stablecoin with Facebook's brand stamped on it is even more pointless than speculating on the price of bitcoin.

Oh, they're called Meta now, I forgot.  They should have just changed their name to Uni so that when they take over the metaverse space, they can just claim they own the Universe.  Bunch of fucking sociopathic autists in motion.

[Sithara007]

Facebook has lost its chance with Libra for now. I think Libra will only play a role in the metaverse, and that can still take a few years to develop to this extend that Libra will play a major role. I rather believe that Paypal will launch the first fiat money backed "cryptocurrency" and become successful with it. Paypal has already announced this indirectly and I think they have learned from Facebook's mistakes.

The approach taken by PayPal is entirely different from the one taken by Facebook. PayPal integrated the existing cryptocurrencies to it's platform in a mutually beneficial manner. However the idea from Facebook was to destroy and replace the original cryptocurrency by plagiarizing the idea from Satoshi Nakamoto. They wanted to come up with their own version of cryptocurrency. And quite predictably, PayPal benefitted from their attempt, while Facebook's idea failed even before it took off.

[Abiky]

No one is talking about the Facebook Diem any longer, and I have even forgotten about it until I came across this topic again. Is the project still going to work out at all?

Now, Facebook seems to have moved on to some other projects, it’s quite possible that they are going to overlook the Libra/Diem project and focus mainly on metaverse which seems like it is going to be the next biggest thing that we will see. Unless maybe they will decide to launch this cryptocurrency later on, on their metaverse platform. We don’t know this yet and as time goes on we will all get know.

I believe Facebook Diem is dead, just like it turned out to be the case with Libra. They couldn't stand the pressure from regulators and central banks, so the company decided to focus on other important things. If someday Facebook becomes successful in launching its own digital currency, then it's likely the new coin will be used for actions related to the "metaverse". People will get to buy, spend, and even send money to friends with ease all within a single, unified platform. The new digital currency backed by Facebook will be utterly-centralized, but the public won't care as long as there's money to be made. There won't be any difference between Diem/Libra and today's banks, though.

Ultimately, it's all about decentralization for crypto/Blockchain tech to bring "banking to the unbanked". As long as decentralization prevails, nothing else matters. Just my thoughts

[savetheFORUM]

The approach taken by PayPal is entirely different from the one taken by Facebook. PayPal integrated the existing cryptocurrencies to it's platform in a mutually beneficial manner. However the idea from Facebook was to destroy and replace the original cryptocurrency by plagiarizing the idea from Satoshi Nakamoto. They wanted to come up with their own version of cryptocurrency. And quite predictably, PayPal benefitted from their attempt, while Facebook's idea failed even before it took off.

To destroy and to replace crypto? Oh my God, Mark why? Mark z has always been my idol because of what he went thru but I think not anymore after I know his real intentions for creating diem.

I idolize satoshi nakamoto more than him and I do not want btc to be destroyed just like that because of some greedy people. They already built a social media platform that is huge, why cant they be contented with that. For the case of paypal, it is okay if they will join the crypto game because paypal is already related to finances. There are crypto users who also uses paypal and vice versa. It will now be easier for them transact between platforms.

[Ozero]

Although I know that it’s true Facebook usually have problems with handling of user’s data, let’s hope that they have learnt their lessons and would do better this time around in making sure that their users data is secured.

No one is talking about the Facebook Diem any longer, and I have even forgotten about it until I came across this topic again. Is the project still going to work out at all?

Now, Facebook seems to have moved on to some other projects, it’s quite possible that they are going to overlook the Libra/Diem project and focus mainly on metaverse which seems like it is going to be the next biggest thing that we will see. Unless maybe they will decide to launch this cryptocurrency later on, on their metaverse platform. We don’t know this yet and as time goes on we will all get know.

Zuckerberg's ambitious Libra/Diem stablecoin project appears to be finally failing after three years of unsuccessful attempts to launch it. It can be argued that the regulators have achieved their goal. They did not allow the creation of an information and financial monster, which this project could become if the Facebook social network and the Libra stablecoin were connected. Without Facebook, the Libra/Diem stablecoin would be one of the many regular dollar-backed stablecoins that are already in abundance.
Now Zuckerberg is already thinking about how to sell his and unfinished creation at a higher price. You can read about it here:
https://cointelegraph.com/news/zuckerberg-s-diem-reportedly-weighing-sale-after-stablecoin-plans-falter

[TribalBob]

My two questions are.. does anyone even use Facebook anymore? I haven't checked it out in years and I feel better than ever before.

And then, how do people still trust them?

Most people were still using Facebook are matured or old, it's cringey to see the timeline are full load of birthday messages. However the rest shift to use Instagram as the UI is more modern.

Facebook, Instagram, Chrome, and Whatsapp doesn't care about privacy and they store any data your submitted to them. Using all of them are worse, they will know anything from you. Let's say you search "Cheese" on Facebook, don't surprised if you see Cheese ads on Instagram.

well because IG and FB can be connected because of one production maybe, so what we are looking for between one of them will definitely appear in one of them,
sometimes I can't understand why Mark has the ambition to have tokens for his platform, it's not efficient to pay through fiat only, and this will allow the legacy of his lovers

[tippytoes]

My two questions are.. does anyone even use Facebook anymore? I haven't checked it out in years and I feel better than ever before.

And then, how do people still trust them?

Most people were still using Facebook are matured or old, it's cringey to see the timeline are full load of birthday messages. However the rest shift to use Instagram as the UI is more modern.

Facebook, Instagram, Chrome, and Whatsapp doesn't care about privacy and they store any data your submitted to them. Using all of them are worse, they will know anything from you. Let's say you search "Cheese" on Facebook, don't surprised if you see Cheese ads on Instagram.

well because IG and FB can be connected because of one production maybe, so what we are looking for between one of them will definitely appear in one of them,
sometimes I can't understand why Mark has the ambition to have tokens for his platform, it's not efficient to pay through fiat only, and this will allow the legacy of his lovers

It is on you now what information you will share with these social media sites. But I believe Zuckerberg will not stop exploring the possibility of having their own coin in his social media platforms. A lot of people are still using like for example FB, younger generation that like to disclose all their activities to the public. He will always get good number of supporters because the platform itself has large audience.

[Abiky]

Zuckerberg's ambitious Libra/Diem stablecoin project appears to be finally failing after three years of unsuccessful attempts to launch it. It can be argued that the regulators have achieved their goal. They did not allow the creation of an information and financial monster, which this project could become if the Facebook social network and the Libra stablecoin were connected. Without Facebook, the Libra/Diem stablecoin would be one of the many regular dollar-backed stablecoins that are already in abundance.
Now Zuckerberg is already thinking about how to sell his and unfinished creation at a higher price. You can read about it here:
https://cointelegraph.com/news/zuckerberg-s-diem-reportedly-weighing-sale-after-stablecoin-plans-falter

Facebook couldn't stand the pressure from regulators, so it didn't have any other choice but to give up on Diem/Libra. I think it's for the best, since Facebook is well-known to violate user's privacy. Imagine how disastrous Diem would've been if it became a reality. Facebook would've had complete control over people's finances. If the company really wanted to launch its own stablecoin without hurdles, then it would've used an existing blockchain like XRP or Stellar. The former is centralized and has the backing of regulators so it would've been the ideal platform for Diem.

Now that Facebook is out of the game for good, we're going to have to see how successful the launch of CBDCs (Central Bank Digital Currencies) will be. After all, not many people are used to making digital payments on a daily basis. Not to mention, some people are quite skeptical about government-backed digital currencies because of their lack of privacy. Facebook may be out, but perhaps another company will fulfill its vision (Ripple, maybe?). As long as decentralized cryptocurrencies exist, nothing else matters. Just my thoughts

[Adat1971]

https://youtu.be/OeahKFth6dc
I was who I am
Looking for a keyboard whit all figurs
Find first the BTC adres of 1 Miljoen
BTC
Then PRIVATE KEY find too easy
only I now how.
Who knows where too find the keyboord.
Letts find together.I am always everytime different

SATOSHI IS BACK

satoshi