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Facebook and Your Data Coin .......Ummmm

Discussion in 'General Chat' started by Data Glasses, Jun 20, 2019.

  1. Data Glasses

    Data Glasses Membership: VIP

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    Looking at some of the companies that Facebook has/is aligning themselves with it does seem they will gain some traction with Calibra. Perhaps an opportunity to bring Crypto to the ForeFront ?? ...... thoughts?
     
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  2. Data Glasses

    Data Glasses Membership: VIP

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  3. snoopy

    snoopy Membership: VIP

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    Expect a titanic flop on this! Nobody is trusting Facebook with their money.
     
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  4. Data Glasses

    Data Glasses Membership: VIP

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    Seems to be a lot of resistance ....... wonder why
     
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  5. Scott7

    Scott7 Membership: Trader

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    You wouldn't trust them and nor would I, however, huge numbers of people trust Facebook with their photos, videos and personal information from almost all aspects of life. Money is the next step. If it's easy to use, these same people will use it.

    Bring it on! Libra has the potential to drive mainstream cryptocurrency adoption, as a percentage of users will eventually dip their toes into the truly decentralised waters of Bitcoin. :cool:
     
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  6. snoopy

    snoopy Membership: VIP

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    I don’t think they “trust” Facebook. Much like most people wouldn’t buy home insurance from a seven eleven they won’t trust Facebook with money. This is a company widely seen as untrustworthy but that won’t stop people uploading cat videos.
     
  7. snoopy

    snoopy Membership: VIP

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  8. chris

    chris Administrator

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  9. Horshack

    Horshack Membership: Community

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    I reckon they are going to kick ass. They already have the audience and it will most likely grow even more and their advertising revenue will go through the roof. It will be interesting to see how they are going to deal with money laundering though.
     
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  10. Data Glasses

    Data Glasses Membership: VIP

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    I'll only buy some if Mark takes the tape off his pc's camera!
     
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