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Lots of new details on Facebook crypto project froom @alexheath & @jon_victor_, including an independent overseer, ATM-like terminals & plans for developing countries.
— Cory Weinberg (@coryweinberg) June 5, 2019
Oh, and Sheryl and Wehner have been more skeptical than Zuck, who is ~all in~
https://t.co/RJ4gfyKaFR pic.twitter.com/wi1aIpAgsc
Facebook plans to create independent foundation to manage its cryptocurrency; will charge members $10M licensing fees for right to operate node.
— Cris Carrascosa ⚡️ (@CarrascosaCris_) June 5, 2019
This is nuts. The worst crypto practices and the proprietary code business model. https://t.co/BXGSFZGire
Facebook is unveiling a cryptocurrency. Employees may choose to have their salaries paid in this cryptocurrency.
— Tech Workers Coalition (@techworkersco) June 6, 2019
It's really hard to come up with lightly satirical takes some days.
(At least company scrip used to physically exist! Heh, still got it.)https://t.co/iXjuMVADbJ
Who is going to run the new Facebook crypto currency? Not Facebook, per se. Scoop from @alexeheath and @jon_victor_ https://t.co/klCcVdfoQl?
— Jessica Lessin (@Jessicalessin) June 5, 2019
“While it was previously reported that Facebook was meeting with venture capitalists to secure funding to back the token, people familiar with the matter said those talks have cooled in recent weeks.”
— Teddy Schleifer (@teddyschleifer) June 5, 2019
https://t.co/AdXtbUYf33
SCOOP w/ @alexeheath : Facebook plans to cede control of its forthcoming cryptocurrency to outside backers, a move meant to encourage trust in the digital payment system and reassure financial regulatorshttps://t.co/ZeTgSTJ7TR
— Jon Victor (@jon_victor_) June 5, 2019
Facebook will reportedly announce cryptocurrency this month, allowing employees to take it as salary https://t.co/hOKr2DScQ2
— Ken Yeung (@thekenyeung) June 5, 2019
Facebook is raising $1bn by charging 100 companies $10mm each to operate a node on its crypto network.
— Chris Maddern (@chrismaddern) June 6, 2019
What?! ?https://t.co/9yZX73YTQ0
Facebook, in an effort to foster trust with users and appease regulators, is planning to cede oversight of its cryptocurrency to an independent foundation of outside partners. The company plans to unveil the initiative this month. Story with @jon_victor_: https://t.co/7ctfabAts3
— Alex Heath (@alexeheath) June 5, 2019
Facebook's GlobalCoin design reminds me of John Nash's Ideal money proposal -- specifically, Nash's concept of a "currency board" being analogous to Facebook's "independent foundation" for the coin's governance and direction.https://t.co/IqC8xxr2Uu pic.twitter.com/RKbhFvDTk2
— Adam Taché ? (@Adam_Tache) June 6, 2019
What was clear from reporting this story is that Facebook is being very, very ambitious about this digital token, and wants to see it be as ubiquitous as USD or EUR. The goal is to also bank the unbanked in developing nations.
— Alex Heath (@alexeheath) June 5, 2019
Also it won't be called GlobalCoin.
Facebook is announcing its cryptocurrency later this month
— Matt Navarra @ #MojoFest (@MattNavarra) June 6, 2019
The company is planning physical ATM-like machines where users can buy the currency, the report says.
Employees working on the project will be able to take their salary in the new currency. https://t.co/kjt7SEsvoK
? BREAKING: #Facebook will announce its #cryptocurrency later this month, and will allow employees working on the project to take their salary in the form of the new currency @CNBChttps://t.co/lpoCzuLuak
— Infinite X Labs (@InfiniteXLabsHQ) June 6, 2019
Let the next bull run beginhttps://t.co/XSi6A1baHQ
— Timicoin (Blockchain As A Service) BAAS (@timicoin) June 5, 2019
How about you pay me $10 million to run a Joeycoin node. I promise I won't track your every move online or listen in on your phone's microphone to target you with ads ? https://t.co/sdY34d4Hor
— joey (@JosephFiscella) June 5, 2019
Take a moment.
— IKU (@IKUnetwork) June 6, 2019
Reflect on the last few turbulent years for #cryptocurrency.
Now consider the #GlobalCoin, arguably the most mainstream milestone, Drink that in.
Gonna get interesting..
Stepping off the #OpenScience soap box to hi-light this occasion.https://t.co/IJroQvZuYi
“The report says Facebook is soliciting third-party organizations to act as “nodes” to help manage the cryptocurrency, and has discussed charging $10 million for the privilege”
— Dovey Wan ? ? (@DoveyWan) June 6, 2019
CHARGIBG $10M FOR THE PRIVILEGE
Lose my word here ??♀️??♀️??♀️https://t.co/fa7oeB1Vwk
Facebook will reportedly announce cryptocurrency this month, allowing employees to take it as salary https://t.co/R0leFSMWxr
— Hristo Tenchev (@HristoTenchev) June 6, 2019
Interesting: #Facebook to charge $10M per license to manage its #cryptocurrency network#VC #fintech #banking #finserv #cryptocurrency #finance #banks #blockchain #regtech #Insurtech @MikeQuindazzi @FGraillot @topcybernews @socialfave @d_zimnochhttps://t.co/aD3IYcpajV
— John C. Maxwell III (@maxjcm) June 6, 2019
Facebook to charge $10M per license to manage its #cryptocurrency network https://t.co/N6rRYVzyX1 #bitcoin @BankXRP @XrpMr @KingRippleXRP @digitalassetbuy @ImTheDebate @BakkupBradley @LoveForCrypto17 @CKJCryptonews @philosophyofmet @Hodor @XRPMichaelB @XrpBoy @stephenchip
— Matt⚡️ (@MatthewLINY) June 5, 2019
@SEC_News going after a clear non fraud case in @Kik while Facebook rolls out the same $Kin playbook is disappointing to say the least. $Kin will likely win and seeing $FB doing it just doubled my confidence. https://t.co/PNUadkbi8P
— Blockchain Wealth (@6ixChainToronto) June 6, 2019
Report: Facebook plans to create independent foundation to manage its cryptocurrency; will charge members $10M licensing fees for right to operate nodehttps://t.co/Qc5zNzij1a
— The Block (@TheBlock__) June 5, 2019
Even the largest, most centralized companies are becoming decentralized. https://t.co/eXsE1LtmhB
— Ashe Oro (@Ashe_Oro) June 5, 2019
Zilliqa sharding needs 600 nodes minimum. #Facebook hopes to launch its network with 100 nodes. So 500 nodes stay at FB? The firm then plans to use these fees to back its cryptocurrency. $ZIL $FB #Zilliqa #Facebook #Blockchainhttps://t.co/o8bBSpLtx2https://t.co/9cQN6MkuKZ
— Lionel ?⚡️ (@CryptoLionel) June 6, 2019
The SEC coming after $KIN is just further securing #FACEBOOK ' s monopoly over your data. #KIK is blatantly getting ripped off again. @kin_foundation has created a real product that is already readily availabe all over the world! Even #EOS is behind!!!
— Jace Sparks (@creativejace) June 5, 2019
https://t.co/v0U0U0XWKh
Facebook plans to create independent foundation to manage its cryptocurrency; will charge members $10M licensing fees for right to operate node.
— Cris Carrascosa ⚡️ (@CarrascosaCris_) June 5, 2019
This is nuts. The worst crypto practices and the proprietary code business model. https://t.co/BXGSFZGire
Facebook's GlobalCoin design reminds me of John Nash's Ideal money proposal -- specifically, Nash's concept of a "currency board" being analogous to Facebook's "independent foundation" for the coin's governance and direction.https://t.co/IqC8xxr2Uu pic.twitter.com/RKbhFvDTk2
— Adam Taché ? (@Adam_Tache) June 6, 2019
Is this the shitcoin to end all shitcoins? https://t.co/DbRUPejQ5I
— Stacy Herbert (@stacyherbert) June 5, 2019
ICYMI: Facebook plans to create independent foundation to manage its cryptocurrency; will charge members $10M licensing fees for right to operate nodehttps://t.co/Qc5zNzij1a
— The Block (@TheBlock__) June 6, 2019
Impulsive FB questions:
— Maya Zehavi (@mayazi) June 5, 2019
✳️a company that refused to be regulated as a media company wants to run financial market infrastructure
✳️a company that has shown no respect for the law or its users' well being wants to get into payments to gobble more data https://t.co/QKUGSDSZD8
Gonna definitely need a decentralized oracle for that....https://t.co/aCYBxUUuOV
— ⬡ The_Crypto_Oracle ⬡ (@Crypto___Oracle) June 5, 2019
.@theinformation: Facebook plans to create independent foundation to manage its cryptocurrency; will charge members $10M licensing fees for right to operate node https://t.co/ONy6npHk5Y
— Frank Chaparro (@fintechfrank) June 5, 2019
Facebook が暗号通貨用の財団を作る予定か。
— Coffee (@CoffeeTimesTW) June 5, 2019
ノード運用をライセンス制にして、ライセンス料 $10 million を参加する企業から受け取り、価格安定などに使う。
参画するところはテック系と銀行系になるのかなぁ。https://t.co/oe3ZGrbiiI
In typical Facebook fashion, the company is launching a non-cryptocurrency cryptocurrency. https://t.co/f5ZfO8329k
— Demetri Kofinas (@CoveringDelta) June 5, 2019
Lol, buy a node on @Facebook Blockchain for only $10 million. Very open and egalitarian. https://t.co/DBOxd2hN7W
— Mike Dudas (@mdudas) June 5, 2019