Libra cryptocurrency announcement

Spotify / Eng qbeforeu
Jun 18 34 Comments

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TOP 34 Comments
  • New youjh
    because we’re all just dumbfucks to Mark
    Jun 18 0
  • E*Trade / Finance cbEV72
    If people buy Pokémon cards they’ll surely buy this thing
    Jun 18 0
  • Tableau krxi15
    Can someone explain how is it a crypto currency if it only stays on Facebook servers and no one can mine it?
    Jun 18 18
    • Tableau krxi15
      @Facebook, you seem so confident in this execution, are you OK receiving your salary in libra then?
      Jun 19
    • Facebook ewns
      What's with the illogicals? You lost your argument, so try a new one?
      Jun 19
    • Google / Eng modi_56
      You mean it's a MySQL table mirrored in multiple datacenters?
      Jun 19
    • Citibank joseph725
      Why the hate? I think this is the most viable crypto project so far... IF they really deliver on the principles stated in the white paper, it is the pathway to the first real deal...
      Jun 19
    • Tableau krxi15
      We are not hating. We are debating whether it is even crypto.
      Jun 19
  • Google / Eng moneyfirst
    Pump and dump
    Jun 18 2
    • Spotify / Eng qbeforeu
      OP
      can’t pump and dump a pegged currency
      Jun 18
    • Citibank joseph725
      it’s not going to be pegged, it will have managed float
      Jun 19
  • Google / Eng modi_56
    First, give us your data. Next, give us your money.
    Jun 18 0
  • MSCI JonasR
    Bah, not a true crypto, just a digital interface for transacting. It can be very successfull imo, there are places on the earth where facebook = internet.
    Jun 18 3
    • Amazon bgoc01
      name one?
      Jun 18
    • MSCI JonasR
      Indonesia, thailand. (Data: LIRNE asia). Respondants 47% use facebook but only 30% uses internet. Nigeria (data geopoll dec 2014) 9% of the respondant said they use facebook but not the internet, 65% of the respondant agrees that facebook is the internet. India there is facebook only data plans. Etc etc... if you ever seen lines in front of a western union in hongkong or any dmc big city, and cursory analize the distribution of the queue based on origin country, you will see why this could work easily. (No racism or profiling, just telling the observed, every maid in Singapore twice a month makes the line to send the money home to Malaysia)
      Jun 18
    • Tableau krxi15
      This is true. Facebook is synonymous with internet in a lot of third world countries. Facebook even partners with ISPs in these countries just so those people can add up to Facebook.
      Jun 18
  • Alibaba vjqX22
    It seems like a valid option, mainly for people who are interested on:

    1) send money overseas (something like transferwise)
    2) have a payment platform within a social-network, I.e. small stores or group of friends (WhatsApp/Instagram)
    Jun 18 1
  • Google / Eng dontneed
    This fake crypto is probably just a simple text file based ledger stored on Facebook server somewhere...without any encryption.
    Jun 18 0
  • New / IT
    jrg71

    New IT

    PRE
    Accenture
    jrg71more
    Why trust a Facebook product?
    Jun 18 0
  • Oracle alwzangry
    I could tell you, but then I'd have to kill you! 🙂
    Jun 18 0

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