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Author Topic: Is Facebook trying to profit from Cryptos ?  (Read 7698 times)
BitCoinDream (OP)
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June 06, 2014, 05:25:40 PM
 #1

According to this news article, FB is allowing dogecoin, digibytes, einsteinium, fedoracoin, mintcoin, reddcoin, quark, worldcoin, vertcoin, karmacoin, earthcoin, trollcoin, HTMLcoin and donationcoin. I wonder Bitcoin is not in the list !!! Does it mean that Facebook board of directors understood they are a bit late in Bitcoin mining and hence mined other alts and now boosting those through their platform for quick profit ?

p.s. Juck wont probably like Bitcoin as Winklevoss hold 1% of it.

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June 06, 2014, 05:29:23 PM
 #2

It's just an app made by someone else. Facebook is just allowing that app.
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June 06, 2014, 05:35:32 PM
 #3

there is a single script kiddie that made all of those altcoins as his pump and dump to make money out of fools that swap their valuable bitcons for his worthless couple dozen coin designs..

he now wants to try making them appear useful by making an app. and promoting it through coindesk.. i even suspect the OP is a sockpuppet of the coin dev and using a subtle form of advertising here..

all in all dont trade your bitcoins for those worthless altcoins

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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June 06, 2014, 05:39:38 PM
 #4

So it uses a lot of crapcoins but not bitcoin? Why exactly?
BitCoinDream (OP)
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June 06, 2014, 05:56:04 PM
 #5

there is a single script kiddie that made all of those altcoins as his pump and dump to make money out of fools that swap their valuable bitcons for his worthless couple dozen coin designs..

he now wants to try making them appear useful by making an app. and promoting it through coindesk.. i even suspect the OP is a sockpuppet of the coin dev and using a subtle form of advertising here..

all in all dont trade your bitcoins for those worthless altcoins

For your kind information, the only coin I hold is Bitcoin, always mentioned AltCoins as ShitCoin and asked people to be careful of ShitCoins. So u may keep your Sherlock Holmes dreams in the shelf for the time being.

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June 06, 2014, 06:14:39 PM
 #6

They should its the future, I bet they make their own coin.
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June 06, 2014, 06:24:29 PM
 #7

Regardless of if Facebook is looking to cash in or not, which at this point it doesn't look like it yet, it is still great news for cryptos.   The more it is in everyone's faces, the more people will learn about it an ultimately adopt it.

There are so many women on facebook, and I think getting the female population is very important to get BTC to the next level
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June 06, 2014, 06:26:21 PM
 #8

Regardless of if Facebook is looking to cash in or not, which at this point it doesn't look like it yet, it is still great news for cryptos.   The more it is in everyone's faces, the more people will learn about it an ultimately adopt it.

There are so many women on facebook, and I think getting the female population is very important to get BTC to the next level

yeah, some clothing retailers should really target bitcoin.. it seems that women have not yet entered the game, and we need to focus on something that they are interested in.
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June 06, 2014, 06:29:03 PM
 #9

So it uses a lot of crapcoins but not bitcoin? Why exactly?
because crapcoins are harmless. Only bitcoin carries serious threat to their potential facebookcoin
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June 06, 2014, 06:31:59 PM
 #10

Soon or later FB will implement also bitcoin...and facebookcoin of course
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June 06, 2014, 06:37:39 PM
 #11

Soon or later FB will implement also bitcoin...and facebookcoin of course
They did not implent any altcoin and probably will not even do so.

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June 06, 2014, 06:42:50 PM
 #12

So it uses a lot of crapcoins but not bitcoin? Why exactly?

Probably for the same reason there is no tipbot at this very forum.

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June 06, 2014, 06:47:34 PM
 #13

This isn't Facebook trying to profit from cryptos at all. Approving one app that happens to use a bunch of altcoins isn't exactly a big deal considering the same article mentions that Facebook had already approved apps using bitcoin in the past.

Apple beginning to allow apps to use cryptocurrencies, now that was news. This, not so much.
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June 06, 2014, 07:09:44 PM
 #14

there is a single script kiddie that made all of those altcoins as his pump and dump to make money out of fools that swap their valuable bitcons for his worthless couple dozen coin designs..

he now wants to try making them appear useful by making an app. and promoting it through coindesk.. i even suspect the OP is a sockpuppet of the coin dev and using a subtle form of advertising here..

all in all dont trade your bitcoins for those worthless altcoins

I am inclined to agree with Franky1, creating altcoins is so easy it can be done in less than an hour if you have prior experience. Alot of people wonder why some people really hate alternative blockchains, because most of the alternative blockchains do not seek to solve any problems with the Bitcoin protocol and are essentially digital Ponzi Shchemes. Several new users have lost lots of Bitcoin "investing" into altcoins thinking they could have value, I myself am not immune to this and have held the bag for several alternative blockchains. Live, learn and use Bitcoin Smiley
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June 06, 2014, 10:23:43 PM
 #15

So no Litecoin? or Bitcoin? odd.
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June 06, 2014, 10:35:54 PM
 #16

there is a single script kiddie that made all of those altcoins as his pump and dump to make money out of fools that swap their valuable bitcons for his worthless couple dozen coin designs..

he now wants to try making them appear useful by making an app. and promoting it through coindesk.. i even suspect the OP is a sockpuppet of the coin dev and using a subtle form of advertising here..

all in all dont trade your bitcoins for those worthless altcoins

I am inclined to agree with Franky1, creating altcoins is so easy it can be done in less than an hour if you have prior experience. Alot of people wonder why some people really hate alternative blockchains, because most of the alternative blockchains do not seek to solve any problems with the Bitcoin protocol and are essentially digital Ponzi Shchemes. Several new users have lost lots of Bitcoin "investing" into altcoins thinking they could have value, I myself am not immune to this and have held the bag for several alternative blockchains. Live, learn and use Bitcoin Smiley

I think they serve a purpose as experimenting with different protocols without touching bit coin but you are exactly right that most of them are just pump and dump shitcoins.

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June 06, 2014, 10:38:44 PM
 #17

I guess it is easier to tip someone in a low value altcoin than it is to use a main coin like Bitcoin
That said or they are trying to avoid any controversy with facebook and bitcoin by going with the less popular coins instead.
Still worth noting in my opinion.

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June 06, 2014, 10:45:11 PM
 #18

I guess it is easier to tip someone in a low value altcoin than it is to use a main coin like Bitcoin
That said or they are trying to avoid any controversy with facebook and bitcoin by going with the less popular coins instead.
Still worth noting in my opinion.


It gives exposure to crypto currencies so it is a good thing. I don't know a lot of people that would tip in BTC. We tend to hoard that a bit more.

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June 07, 2014, 02:14:31 AM
 #19

I guess it is easier to tip someone in a low value altcoin than it is to use a main coin like Bitcoin
That said or they are trying to avoid any controversy with facebook and bitcoin by going with the less popular coins instead.
Still worth noting in my opinion.


It gives exposure to crypto currencies so it is a good thing. I don't know a lot of people that would tip in BTC. We tend to hoard that a bit more.

That is why they probably used the low value altcoins that no one would mind sending a 10000 doge tip for or something
Not sure how many coins I would get in exchange for the other alt coins but I am sure it would be a fairly large amount.
Still if they don't touch those coins it would be nice to see Bitcoin added as well some point in the future maybe as a means of exchange to the other tip coins.

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June 07, 2014, 02:17:31 AM
 #20

According to this news article, FB is allowing dogecoin, digibytes, einsteinium, fedoracoin, mintcoin, reddcoin, quark, worldcoin, vertcoin, karmacoin, earthcoin, trollcoin, HTMLcoin and donationcoin. I wonder Bitcoin is not in the list !!! Does it mean that Facebook board of directors understood they are a bit late in Bitcoin mining and hence mined other alts and now boosting those through their platform for quick profit ?

p.s. Juck wont probably like Bitcoin as Winklevoss hold 1% of it.

I think Facebook will jump on board with bitcoin eventually.
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