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Facebook jumps into crypto world!

Discussion in 'Social Networks' started by Konnock, Jan 2, 2019.

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  1. #1
    According to the latest news Facebook launches its own cryptocurrency soon. It seems like they decided to earn all the money in the world instead of becoming a safe social network for simple people to connect with friends.
    What are your thoughts on that point - is it the right direction or you will never use it as its privacy needs to be improved at first?
     
    Konnock, Jan 2, 2019 IP
  2. Orol

    Orol Member

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    #2
    This is a good thing, help to accept concurrency worldwide. But on the other hand Facebook is worst social media coz of massing spying, no privacy there,
     
    Orol, Jan 2, 2019 IP
  3. Konnock

    Konnock Member

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    #3
    That's exactly why I'm worrying about it. Crypto is okay, I agree, but I will never use it through Facebook as they have no security at all.
    I even believe more in crypto messengers which are not so popular now than in that thing.
     
    Konnock, Jan 3, 2019 IP
  4. belablack

    belablack Well-Known Member

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    #4
    They have been threatening to do this for a long time. I would only invest small amount for testing purposes only.
     
    belablack, Jan 6, 2019 IP
  5. Warren Willy

    Warren Willy Member

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    #5
    How can they do something like that while their social network is dying from spam, ads and hacking attacks?
    I would never believe any commercial product made by facebook developers. They're thinking only about money now.
     
    Warren Willy, Jan 13, 2019 IP
  6. BlindWoman

    BlindWoman Peon

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    #6
    I don't think this is a good news, coz Facebook is famous for data leaks and working with secret services like FBI and CIA, this cryptocurrency will be not crypto at all, other ways how special services will track and influence on transactions?
     
    BlindWoman, Jan 14, 2019 IP
  7. Konnock

    Konnock Member

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    #7
    Agree with you mate.
    Nothing good will come from Facebook.
    Crypto should be completely as much as safe and private, but I am not sure they can provide it.
     
    Konnock, Jan 24, 2019 IP
  8. BlindWoman

    BlindWoman Peon

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    #8
    Of course. Therefore the meaning of "decentralization" is lost.
     
    BlindWoman, Jan 27, 2019 IP
  9. Orol

    Orol Member

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    #9
    I agree with you.
    Actually this news has two sides.
    Crypto will go worldwide thanks to FB as the most popular social media.
    On the other hand I won't use their crypto as it hardly might be secured.
     
    Orol, Jan 30, 2019 IP
  10. Haichi

    Haichi Well-Known Member

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    #10
    Any guesses on what this will do to other Cyrpto currencies?
     
    Haichi, Jan 31, 2019 IP
  11. Konnock

    Konnock Member

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    #11
    I don't really believe that crypto and social media is a good combination.
     
    Konnock, Feb 8, 2019 IP
  12. Orol

    Orol Member

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    #12
    For not smart people it will be a great chance to learn more about crypto world.
     
    Orol, Feb 12, 2019 IP
  13. sherry233

    sherry233 Banned

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    #13
    It is undeniable that Facebook is currently the world's largest social software, so as an advertiser and affiliate, it is impossible to give up this business opportunity easily.
     
    sherry233, Feb 27, 2019 IP
  14. degreubiwa

    degreubiwa Banned

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    #14
    Its going to benefit the game developers of facebook who can earn this cryptocurrency and major world currencies which is backed by corrupt politicians is going to loose more power after bitcoin and etherium did to major central banks backed currencies like USD, Euro or Indian Rupee. However a not such great news for people from India as crypto currencies are banned in this country. However within few months thousands of people from South East Asia are going to do black crypto money inside facebook and whatsapp.
     
    degreubiwa, Mar 3, 2019 IP
  15. Buzzoid

    Buzzoid Greenhorn

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    #15
    Only a fool will enjoy this cryptocurrency and use it. How to trust Facebook? I rather believe more in telegram success.
     
    Buzzoid, Mar 10, 2019 IP