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Author Topic: Is Facebook trying to profit from Cryptos ?  (Read 7698 times)
Nawaytes
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June 17, 2014, 08:13:00 AM
 #41

I hope so in future,
I often buy facebook credits, if using bitcoin will be cheaper. Cheesy
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BitCoinDream (OP)
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June 17, 2014, 08:20:37 AM
 #42

It's just an app made by someone else. Facebook is just allowing that app.

yeah, i doubt facebooks ceo even knows such apps exists in their network.
all apps are allowed if they dont break t.o.s., so this isnt such a big of a deal as some ppl would like it to be.
shame, coz facebook would be a nice and wide market that could make bitcoin even more viral

I would be surprised if Zuckerburg did not know about major apps and/or apps that are bitcoin related.

Bitcoin has a lot of profit and Zuckerburg is likely watching it closely

Chances are low that Zuckerberg will accept Bitcoin. He wont like to see that his profit is coming from an asset i.e. 1% owned by his arch rival Winklevoss.

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June 17, 2014, 08:27:43 AM
 #43

It's just an app made by someone else. Facebook is just allowing that app.

Im pretty sure they cant block the app because they will always find a way around the restrictions to let users use the app to send the currencies
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June 17, 2014, 04:11:20 PM
 #44

Chances are low that Zuckerberg will accept Bitcoin. He wont like to see that his profit is coming from an asset i.e. 1% owned by his arch rival Winklevoss.

Well... if he really want, then he can easily buy 10% of all the Bitcoins currently in circulation, and it will cost him less than $1 billion to do so. After that who will have the bigger stash? The Winkelwii or Zucker?  Grin

BTW... I don't think that Winkelwii own all of the BTC100,000 in his ETF. Some of them are owned by other investors.
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June 17, 2014, 09:01:30 PM
 #45

i think this ganna be good ... but this ppl not agree or i am wrong?
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June 17, 2014, 10:33:42 PM
 #46

Facebook will eventually embrace Bitcoin, as will most major businesses or be left behind.

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June 18, 2014, 02:14:51 AM
 #47

Chances are low that Zuckerberg will accept Bitcoin. He wont like to see that his profit is coming from an asset i.e. 1% owned by his arch rival Winklevoss.

Well... if he really want, then he can easily buy 10% of all the Bitcoins currently in circulation, and it will cost him less than $1 billion to do so. After that who will have the bigger stash? The Winkelwii or Zucker?  Grin

BTW... I don't think that Winkelwii own all of the BTC100,000 in his ETF. Some of them are owned by other investors.
What would him having a greater investment in a particular investment then his "enemy" have to do with anything.

One way that Facebook could earn money off of bitcoin is to engage in "off chain" transfers but charge users a fee when they transfer funds between accounts.

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bryant.coleman
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June 18, 2014, 05:57:22 AM
 #48

What would him having a greater investment in a particular investment then his "enemy" have to do with anything.

I was just saying that the fact that Winkelwii owns 0.5% of all the Bitcoins in circulation is not a valid reason for Zucker to hate BTC (Well.. if he thinks so then I can't help). Why concentrate on 0.5%, when the remaining 99.5% are owned by someone else.
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June 18, 2014, 07:07:16 AM
 #49

FaceCoins???
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June 18, 2014, 07:32:37 AM
 #50

Much profit much alt-coin  Grin
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June 29, 2014, 08:29:05 PM
 #51

What would him having a greater investment in a particular investment then his "enemy" have to do with anything.

I was just saying that the fact that Winkelwii owns 0.5% of all the Bitcoins in circulation is not a valid reason for Zucker to hate BTC (Well.. if he thinks so then I can't help). Why concentrate on 0.5%, when the remaining 99.5% are owned by someone else.
I think it really depends on how stubborn he wants to be. If he wants to stop his "enemy" from succeeding at all costs then he will likely not integrate bitcoin into facebook. IMO this would be a very bad business decision
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June 29, 2014, 11:16:36 PM
 #52

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.
there are two possibilities, the first one as you say, fb has been left behind on the way bitcoin and they chose to follow the latest being the moment and think it will all be as good as bitcoin later. second chances, they just have not been published, are preparing well for bitcoin.
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June 29, 2014, 11:34:15 PM
 #53

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.
there are two possibilities, the first one as you say, fb has been left behind on the way bitcoin and they chose to follow the latest being the moment and think it will all be as good as bitcoin later. second chances, they just have not been published, are preparing well for bitcoin.
like finally lol
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June 30, 2014, 12:30:03 AM
 #54

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

Because Bitcoin now means "im a dull white guy"

Gathering bitcorns.
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June 30, 2014, 01:16:28 AM
 #55

bitcoin is taking over facebook should use bitcoin its reliable 
cinder
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June 30, 2014, 01:18:34 AM
 #56

To get ahead of their own competitors, facebook should integrate bitcoin into their platform.
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June 30, 2014, 04:03:29 AM
 #57

bitcoin is taking over facebook should use bitcoin its reliable 

How is bitcoin being used on facebook?
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June 30, 2014, 05:22:21 AM
 #58

Bicoin is an experiment for FB. It is not ready for prime time. We should wait until all of the major problems have good solutions before pushing its use, or a lot of people are going to get caught up in it, lose perspective, and get burned.
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June 30, 2014, 09:45:17 AM
 #59

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

Because Bitcoin now means "im a dull white guy"

Oh really ? I'm not white. But I love Bitcoin. And FB is also run by a white, though Zuck is not dull Wink

ShakyhandsBTCer
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June 30, 2014, 11:39:31 PM
 #60

bitcoin is taking over facebook should use bitcoin its reliable 

How is bitcoin being used on facebook?
right now only a few of their apps/games accept bitcoin for payment of "power ups" and similar in-game purchases
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