Facebook cryptocurrency coming in 2020:
 

I reported on this last year. At the time it didn't have a name, just Facebook coin. The general thoughts were no one would buy it.
I can imagine it being huge though

I'd like them to fail miserably, but like you say keyword HUGE. So apparently this globalcoin crypto will be used as a currency on facebook to buy stuff. Lame name though.

I've spent the past month in and out of Facebook data centers and their main campus. This is definitely something that they're focusing on...hard.

if it is a stable coin, why the fuck would I buy it?

if it is not a stable coin, why the fuck would I use it?

there is no need for the extra step in funding (credit card to exchange to seller) when I can pay direct (credit card to seller)...I get 0 protection as a customer with crypto...0 advantages...just extra fees for buying coins to pay with coins with money I had on my CC anyway...

crypto should be called "extra step for customers coins"...

ur right!

but to be fair, bitcoin should also be called

....unconfiscatable coin

.... privacy coin (if you want it to be)

... immutable coin

and maybe even .... decentralized asset coin

:pimp

interesting. If they still had the reputation they did 5 (actually probably more like 7 - 10?) years ago they may have had a chance.. here in 2019... who the fuck trusts facebook with *anything*? That they are focusing hard on it is a plus sign for crypto in general, as the tech moves along (more big players getting involved), but I can see this one falling flat on it's face.

Facebook is inept

It was inevitable..

The question is why haven't they launch it while the cryptocurrency bum few years ago

couple/few years ago everyone thought they could survive without crypto. They all realized to compete, they creating their own, even if it's a sort of "in house" private blockchain like Jp Morgan is launching.

why the fuck would a normal consumer buy a facebook coin?...what could be the reason?...paypal or CC are too simple? :1orglaugh:1orglaugh:1orglaugh

decentalized/trustless/unconfiscatable all mean nothing to 99.9% of all internet users...

what is the reason for facebook coin?

Here comes another shitcoin . . .