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Author Topic: Facebook to be world's biggest bank  (Read 2827 times)
epii (OP)
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April 13, 2011, 03:43:22 PM
 #1

http://www.techworld.com.au/article/383125/facebook_biggest_bank_by_2015/

NO.

I sure hope Bitcoin throws a wrench in the gears.

QOTD: "I think that to say 'Facebook will be the worlds largest bank' is about as accurate as saying 'Farmville will be the world's largest agricultural business'."
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BitterTea
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April 13, 2011, 04:57:49 PM
 #2

Who the fuck is this moron? OH, his Facebook rank is number 29! Impressive!

Zynga didn't exist 18 months ago? Wikipedia says it was founded in 2007.

Facebook profile credit ratings!? LOL

I don't think this guy even knows the types of activities that make an entity a "bank".

My favorite quote from the article:

Quote
prides himself as being the fist person to coin the term “Web 3.0” during a press conference with Google CEO Eric Schmidt.

Rutkowski asked Schmidt what Google was doing with “Web 3.0” and Schmidt replied Web 2.0 was just a marketing term and that he was “the inventor” of Web 3.0.
benjamindees
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April 13, 2011, 05:43:40 PM
 #3

People who play games on Facebook are very credit-worthy.

This is a great idea and not at all likely to end badly.

Civil Liberty Through Complex Mathematics
Anonymous
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April 14, 2011, 03:03:03 AM
 #4

My facebook rank is over 9000

 Cheesy
bitlotto
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April 14, 2011, 03:06:36 AM
 #5

Got me thinking, has anyone started working on an app that integrates Bitcoin with Facebook? That may help get more people to use it.

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Anonymous
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April 14, 2011, 03:17:32 AM
 #6

Got me thinking, has anyone started working on an app that integrates Bitcoin with Facebook? That may help get more people to use it.

Someone created a minesweeper game for it.

I imagine no one has sold bitcoins for facebook credits yet.



sodurimas
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April 15, 2011, 12:26:44 PM
 #7

Must first understand the fact that Facebook is already the largest information database bank in the world. And who controls the information controls the world!
purplezky
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April 15, 2011, 12:29:47 PM
 #8

Got me thinking, has anyone started working on an app that integrates Bitcoin with Facebook? That may help get more people to use it.

From the Facebook Credits Terms and Conditions:
"You may not accept Credits as payment for a currency or other stored value item that can be used outside of the application."

Bitcoins are considered a stored value item.
purplezky
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April 15, 2011, 12:31:10 PM
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Must first understand the fact that Facebook is already the largest information database bank in the world. And who controls the information controls the world!

Reminds me of this presentation: http://albumoftheday.com/facebook/
grondilu
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April 15, 2011, 04:01:41 PM
 #10


Binford 6100
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April 15, 2011, 10:18:42 PM
 #11

People who play games on Facebook are very credit-worthy.

This is a great idea and not at all likely to end badly.

yes, commodity trading with farmville crops ; )
i'm amazed where ppl find value

You can't build a reputation on what you are going to do.
Anonymous
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April 16, 2011, 02:26:18 AM
 #12

Farmville credits have no intirinsic value so you cant use them for money....


 Roll Eyes
zer0
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April 16, 2011, 09:11:18 PM
 #13

Farmville credits have no intirinsic value so you cant use them for money....


 Roll Eyes

there's plenty of phishing sites that specifically target farmville accounts to steal credits. idiots actually do pay real money for them to increase their 'farm'

as for facebook being a bank, it'll be the first bank that openly sells your information. yay
jago25_98
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April 26, 2011, 12:47:03 PM
 #14

If you had a choice between losing a bank account or your facebook account, which would you choose?

For some(many?), a facebook account is more valuable than a bank account.

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grondilu
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April 26, 2011, 12:50:58 PM
 #15

If you had a choice between losing a bank account or your facebook account, which would you choose?

Well, that very much depends on the amount of money you have on this account, doesn't it?

I mean, in my bank account I must have something like three euros, so I coudn't care much less about losing this account.

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April 26, 2011, 01:02:05 PM
 #16

If you had a choice between losing a bank account or your facebook account, which would you choose?

Well, that very much depends on the amount of money you have on this account, doesn't it?

I mean, in my bank account I must have something like three euros, so I coudn't care much less about losing this account.
True, I use a mortgage offset account for my normal banking so would very much more like to lose that more than my Bitcoin wallet which is at least in the black Grin
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April 28, 2011, 09:18:16 AM
 #17

Who the fuck is this moron? OH, his Facebook rank is number 29! Impressive!

Zynga didn't exist 18 months ago? Wikipedia says it was founded in 2007.

Facebook profile credit ratings!? LOL

I don't think this guy even knows the types of activities that make an entity a "bank".

My favorite quote from the article:

Quote
prides himself as being the fist person to coin the term “Web 3.0” during a press conference with Google CEO Eric Schmidt.

Rutkowski asked Schmidt what Google was doing with “Web 3.0” and Schmidt replied Web 2.0 was just a marketing term and that he was “the inventor” of Web 3.0.

Lol, and I coined the term "Web 4.0" while having a beer with Billy Bob Thornton last night.

"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.

Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
gigitrix
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April 30, 2011, 08:18:19 PM
 #18

Silicon Valley circlejerk.
SgtSpike
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April 30, 2011, 08:29:15 PM
 #19

I call dibs on Web 5.0!
em3rgentOrdr
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May 02, 2011, 06:23:13 AM
 #20

Farmville credits have no intirinsic value so you cant use them for money....


 Roll Eyes

This post has inspired me to start a real vegetable garden.  I just finished digging the dirt and planting the seeds.  Thank you.

"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.

Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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