I'm pretty sure facebook won't implement anything close to cryptocurrency.

[CryptoPanda]

It's nice that this time the journalist twist the news in our favour, kinda presenting it like facebook will implement crytocurrency. I guess that's part of the reason for the $70 increase in the price.
But really? That's quite a speculation.

My guess is they will just do another mpeso, QQ coin or some old shi* like that. Centralized online tokens that they fully control.

Let's see.

[Light]

My guess is they will just do another mpeso, QQ coin or some old shi* like that. Centralized online tokens that they fully control.

You betcha that they will. FB has no interest in BTC unless it will make them money and for them they'd make more simply making their own crap that they could promote using their platform.

[bangalore]

they have the gift currency and make money from that na

[greenlion]

The increase in price is because Monday.

[Lethn]

they have the gift currency and make money from that na

They already have facebook credits they make money off, I would be extremely surprised if they allowed Bitcoin into their system at all, companies like them only want to have a total monopoly over everything they own.

[Malin Keshar]

why anyone would think about facebook implementing cryptos?They are a social network that do not require payment to use.

[QuestionAuthority]

Of course Facebook won't use Bitcoin. The winklevii douches like Bitcoin and Zuckerberg hates them. 

[b!z]

why anyone would think about facebook implementing cryptos?They are a social network that do not require payment to use.

Exactly. Anybody who thinks they would is delusional.

[DubFX]

They already have their facebook credits so where you have these "news" from?

[Velkro]

its not the reason for price increase, bitcoin ATM is

[bryant.coleman]

Of course Facebook won't use Bitcoin. The winklevii douches like Bitcoin and Zuckerberg hates them. 

Why you are so much against the Winkelwii? I would say that Zuckerberg is a double-douche and the Winkelwii are great people. Don't be ungrateful. They played their part in taking Bitcoin over the $1K mark.

[hoop]

is there bitcoin ATM  now

[DubFX]

is there bitcoin ATM  now

Yep there is!

[CryptoPanda]

First the news all over the net are that facebook is implementing some kind of money transfer system in the social network. Some journalists even went that far to speculate it might be crypto. Hence the thread I started.
Second, bitcoin ATMs are being shipped for almost half year now and there is no major ATM related even last couple of days that might be related to the price bump.

[ChuckBuck]

First the news all over the net are that facebook is implementing some kind of money transfer system in the social network. Some journalists even went that far to speculate it might be crypto. Hence the thread I started.
Second, bitcoin ATMs are being shipped for almost half year now and there is no major ATM related even last couple of days that might be related to the price bump.

Actually price bump is due to OKCoin and BTC China unveiling their Bitcoin ATMs in China as well as a "soft ATM" app for mobile phones, sort of like LocalBitcoins.

http://www.coindesk.com/btc-china-launches-first-soft-bitcoin-atm-interface-international-markets/

Either way, good news to counter the PBOC deposit measures.

[jparsley]

Being so big with customers they can use btc payments and make large amounts of btc before price goes up to 10k

[MarketNeutral]

Put the pieces together. Facebook never wants you to leave the Facebook environment. They want everything you do, including your banking, borrowing, and shopping, to be done within the confines of Facebook. First step is to make Facebook be Banking 2.0, not Bitcoin. They've already started filing the paperwork in Europe.

http://investorplace.com/2014/04/facebook-banking-fb-e-money-services/

http://www.ft.com/cms/s/0/0e0ef050-c16a-11e3-97b2-00144feabdc0.html

http://www.bloombergview.com/articles/2014-04-14/who-would-use-facebook-as-a-bank

http://www.irishtimes.com/business/sectors/technology/facebook-seeks-irish-approval-new-for-e-money-service-1.1760908

http://www.computerweekly.com/blogs/outsourcing/2014/04/could-facebookbank-destroy-the-retail-banking-giants.html

http://qz.com/198746/if-facebook-becomes-like-paypal-these-will-be-the-two-big-winners/

http://www.computerweekly.com/news/2240218800/Facebooks-move-into-finance-not-a-surprise-given-opportunity

[greenlion]

The way things are going, it's going to be Snapchat that has to sign up for MSB licenses, not Facebook. Facebook isn't cool or growing anymore.

[Kiki112]

My guess is they will just do another mpeso, QQ coin or some old shi* like that. Centralized online tokens that they fully control.

You betcha that they will. FB has no interest in BTC unless it will make them money and for them they'd make more simply making their own crap that they could promote using their platform.

that would be genius for Mark Zuckerberg

purchase 1 000 000BTC, enable them on facebook, start slow selling..

so if Mark owns some bitcoins they would have some interest indeed

[MarketNeutral]

The way things are going, it's going to be Snapchat that has to sign up for MSB licenses, not Facebook. Facebook isn't cool or growing anymore.

This is a good point. Facebook as it presently exists "isn't cool or growing anymore" and it's getting worse by the day, which is why they must change their business model to survive. Despite Zuckerboy's cash position, nothing is a foregone conclusion, especially in the fickle world of social media. Facebook knows this, which is why they're attempting to transition to a more sustainable business model.

I hope they fail.