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Facebook Is Developing a Cryptocurrency for WhatsApp Transfers, Sources Say

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Re: Facebook Is Developing a Cryptocurrency for WhatsApp Transfers, Sources Say

#131

Earlier quoted context omitted.

I can't tell if this is sarcasm (and you know something I don't), or you're being serious. I would agree if you're being serious, despite the lack of news coverage, based on a few points: - $1.7B raised in ICO: This is far more than has ever been raised in any other ICO. I also think it says something about investor optimism. I'd bet that this was a data point in Facebook's decision to do something similar with Whats…

Of course it's sarcasm. It was cancelled, if you don't remember: https://www.independent.co.uk/life-style/gadgets-and-tech/ne... > development team: Some of the best in the world Well, messaging isn't exactly rocket science. And they did a lot right (open source clients, bots, channels, proxies). But their secret chat implementation is weird (literally every crypto expert has the same question: "why did you pick thes…

They cancelled the ICO, not the underlying blockchain.

Re: Facebook Is Developing a Cryptocurrency for WhatsApp Transfers, Sources Say

#132
post #31
post #4

It's a centralized stable coin built by Facebook, so it's basically PayPal?

There’s more potential than just payment transfer. It could be used as a currency outside the context of WhatsApp money transfers. Facebook could become the central bank of the internet.

Unless there is a complete collapse of the Bitcoin blockchain and it's ecosystem there is no way any cryptocurrency will take over Bitcoin as the number 1 currency on the internet
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