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popawoody

04-15-2014 08:25 AM

Facebook the new bitcoin?

Will a power player like facebook create the new bitcoin? And could they be more successful with it?

http://www.forbes.com/sites/parmyols...l-needs-trust/

candyflip

04-15-2014 08:58 AM

Bitcoin is not a money transfer service. Facebook is looking to set up something akin to Paypal, not Bitcoin.

DBS.US

04-15-2014 09:09 AM

Quote:

Originally Posted by popawoody (Post 20050603)

Will a power player like facebook create the new bitcoin?

Facebook Prepares A Money-Transfer Service

Barry-xlovecam

04-15-2014 11:44 AM

How much you want to bet they will not finance any adult virtual services?

That said, they would be trustworthy as an approved money transfer service even more so as publicly listed and regulated business.

There is a real need for a virtual currency as a middleman for internet transactions. So long as they stay out of the ATM and credit card markets they will do just fine.

DAMNMAN

04-15-2014 09:34 PM

Quote:

Originally Posted by popawoody (Post 20050603)

Will a power player like facebook create the new bitcoin? And could they be more successful with it?

http://www.forbes.com/sites/parmyols...l-needs-trust/

Actually Google is working very hard on a coin of their own.... and the idiots in the general population are stupid enough to buy into a coin controlled by a huge mega company who will keep the majority of the coins for themselves. Instead of a coin that is co-opted by all.

Google will make the coin easy to use and with password recovery etc... for the sheeple who love to be controlled.

If google does launch a coin and it gets accepted they will be the richest company in the entire world.

slapass

04-16-2014 04:14 AM

Quote:

Originally Posted by DAMNMAN (Post 20051438)

Interesting idea. A coin backed by a major corporation. The world is truly changing.

Barry-xlovecam

04-16-2014 05:00 AM

Ripple wants to be the new world central bank.

https://ripple.com/partners/
https://www.ripplelabs.com/investors/

Interestingly, Google is one of the listed investors.

http://www.stlouisfed.org/dialogue-w...and-beyond.cfm
http://www.stlouisfed.org/dialogue-w...in-3-31-14.pdf

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