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A big question for Facebook: how much control will it retain over the cryptocurrency it is creating? For now, it appears FB is trying to make the system decentralized to some degree, creating a coin that could be transferred outside the FB ecosystem. https://t.co/liup4kwoi8
— Nathaniel Popper (@nathanielpopper) February 28, 2019
This explains how Facebook plans to monetize a unified, 2 billion user end-to-end encrypted messaging service.
— Alex Stamos (@alexstamos) February 28, 2019
I can't think of a tech project with a more important privacy/safety balancing act than this one. I hope my friends working on it start public discussions on that. https://t.co/ORon89ma8A
If it's based on the Blockchain (and thus on Proof of Work) and if take-up is even a tiny fraction of Facebook's userbase it'll melt the ice caps in a fortnight. Avoid. https://t.co/cmpwD0VngO
— ⊛ Steve Bowbrick ⊛ (@bowbrick) February 28, 2019
I think we can all collectively hope that anything coming out of Facebook in the cryptocurrency space burns like the toxic pile of infected biomass it will be… https://t.co/2jf4YnLASJ
— Antonio Salazar Cardozo (@lightfiend) February 28, 2019
Venmo for WhatsApp, but with a 24x7 traded token.
— Naveen Mishra (@_naveenmishra) February 28, 2019
The fear is immense reach and what other financial products this enables.
If true. https://t.co/843PP3X0HD
Alt-headline: Facebook wants to become an even bigger target for nation state hacking operations https://t.co/SPAdxNMq5V
— Chris Bing (@Bing_Chris) February 28, 2019
Most comprehensive story on FB coin so far: "Facebook and Telegram Are Hoping to Succeed Where Bitcoin Failed” https://t.co/JhVBqHxE8x (Bitcoin hasn’t failed)
— Neeraj K. Agrawal (@NeerajKA) February 28, 2019
This has ‘money laundering’ written all over it ??♂️??♂️??♂️
— George M ?? (@EXDE601E) February 28, 2019
Which government will allow the flow of money through an untraceable, end-to-end encrypted system?! ? https://t.co/es8xpThe4X
If you thought the Coinbase acquisition of Neutrino was bad just wait til you hear about FaceCoin https://t.co/DcGOZAlqj3
— Jill Carlson (@_jillruth) February 28, 2019
Oh god why? Any way... Looks like the next big scandal for FB will be money laundering. https://t.co/kCNN9aTvTb
— Johannes Klingebiel (@Klingebeil) February 28, 2019
Makes sense that Facebook would want to create a custom payments system for Whatsapp, and its integrated messaging. But what is advantage of having it be a decentralized crypto coin if it's part of a centralized FB system? https://t.co/sNA9Hh0c6Q
— Nicholas Thompson (@nxthompson) February 28, 2019
Facebook's new digital token is far enough along that they are talking to cryptocurrency exchanges about listing it, we heard. The current plan is for each coin to be pegged to a basket of foreign currencies, to keep the value stable. https://t.co/liup4kwoi8
— Nathaniel Popper (@nathanielpopper) February 28, 2019
Facebook has done such a bang-up job of managing its platform so far, so why not trust them with actual money? https://t.co/A3BMYBMYpB
— Ed Bott (@edbott) February 28, 2019
Facebook has a 50-person cryptocurrency team working on digital payments, the NYT says. It's working with cryptocurrency exchanges and plans a stablecoin to avoid the speculative boom-and-bust problems that have hurt the digital money tech. https://t.co/bLEEBhajPt
— Stephen Shankland (@stshank) February 28, 2019
Obvious ploy to get more data on WhatsApp users is obvious (you'll have to submit KYC). https://t.co/c12plCYjb3
— Preston Byrne (@prestonjbyrne) February 28, 2019
Facebook’s Facechain is one step closer to reality. https://t.co/VSvlkC64EL
— Wayne Vaughan (@WayneVaughan) February 28, 2019
what good blockchain reporting looks like:
— conputer dipshit (@davidcrespo) February 28, 2019
“If Facebook is responsible for approving every transaction and keeping track of every user, it is not clear why it would need a blockchain system, rather than a traditional, centralized system” https://t.co/eYfodEyMQ6
Facebook is secretly creating #Facebook coin
— XRPcryptowolf (@XRPcryptowolf) February 28, 2019
They will integrate it in their Messenger, #Instagram & WhatsApp. They will integrate crypto payments into its messaging services
Great news for #XRP cause they still need a bridge asset to switch to JPM coin https://t.co/I4dTToUYII
"New York Times: Facebook Reportedly Shopping ‘Facebook Coin’ to Crypto Exchanges"https://t.co/OnPobdVZwq
— Cheds Trading [Cancer Fighter] (@BigCheds) February 28, 2019
?#New York Times: #Facebook Reportedly Shopping ‘Facebook Coin’ to #Crypto Exchanges https://t.co/Wmxus7jsQW#cryptonews #bitcoin #bitcoinnews #cryptocurrency
— MyCryptoParadise (@_MCP_signals) February 28, 2019
A “fiat-backed stablecoin” is not a cryptocurrency. It’s M-PESA. https://t.co/uF2i1oRRua
— © Dave Birch (2019) (@dgwbirch) February 28, 2019
New York Times: Facebook Reportedly Shopping ‘Facebook Coin’ to Crypto Exchanges https://t.co/pysuRmzLfn#DigitalAssets #Cryptocurrency #CryptoExchange #Facebook #Whatsapp #Blockchain #CryptoPayments #Crypto #CryptoMarket #CryptoTrading #CryptoNews #NostrumCoin #NostrumEX
— NostrumEX (@NostrumEX) February 28, 2019
Pump incoming... when, not if, that thing gets listed, we get another bullish push: https://t.co/3G4sP1ApPN
— Dr. Julian Hosp (@julianhosp) March 1, 2019