Hey, does anyone know if the upcoming Facebook Currency will be forced upon all those awful Facebook games, maybe even the Facebook Marketplace?
Even if the evil corp does a pump and dump to get people to buy vbucks, before killing it off…
Eden
June 18, 2019, 4:02pm
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I’m having trouble figuring out what you’re trying to say…
Sorry, I mean might they encourage partners using their platform to use the currency.
Rather than just to send money to other users
Eden
June 18, 2019, 4:07pm
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Yeah i would imagine they would. A currency isnt much use if you cant buy things with it, i guess implementing it on everything they have make sense. Facebook is used a lot for trade as well, so they might implement it into that as well.
Wanna sell me your rig for 6,000 greenbacks?
I don’t think FB is making a crypto just for crappy webgames.
https://libra.org/
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Excuse my tinfoil-hattedness but: Sounds pretty facebook-ish to want to control a means of payment that has tracking built-in, right?
There was blockchain somewhere in the concept, right?
Past experience with Facebook was: Let’s track first and then worry what to use that for.
I did an extensive write up that should answer all the questions you have.
(no idea why this appears as a wall of text here… I guess linking the link directly is a bad idea)
since Libra, should it ever be fully operational, affects us all, I wanted to clear up some things that tech media and media in general is either not talking about, or misrepresenting
what is Libra?
If you ask Zuck, it’s a “cryptocurrency” – or it’s “blockchain”.
so what is crypto/blockchain?
it’s a convenient buzz word to sell you old ideas in a flashy new package.
there is not such thing as “blockchain” as in “blockchain technology”.
it’s all bitcoin but a cut down, mutilated husk.
Bitcoin created an immutable ledger enabling uncensorable transactions. Money, but as it once was, before governments could print it from nothing, and censor transactions.
Gold was cash once. nobody could stop you from afar when you wanted to make an in-person payment in 1700.
Nobody could simply print it from nothing.
and bitcoin could be sent online, and stored offline.
the media started to call this system a blockchain, even though it basically just means bitcoin. why? because every “blockchain project” had a financial interest to sell a rebranded bitcoin sans bitcoin features as some sort of future tech.
whatever someone can promise to get people who don’t know any better to give them billions for sh!tcoins and ICOs.
Libra is merely the latest fraud project that combines all the disadvantages of software based money with all those of current banking and fiat money [Ripple/XRP is an older one]:
Libra is neither immutable, nor uncensorable. the very thing why anyone would ever need use a blockchain – since you can only get those qualities via a blockchain – which already exists and is called bitcoin.
Libra is centralized. all power lies with node operators that are chosen by the people who create Libra. i.e. Facebook.
Libra can and will censor payments. They have to because they can. Not that Zuckerberg is not already the biggest fan of censorship: even if he wanted to, Libra as an entity that has a legal structure must obey the same insane legislation and rules that s…
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