Earlier quoted context omitted.
> Facebook-bucks Missed opportunity to call them "Marks", although maybe only German speakers will get the joke.
I'd have just gone straight for "Facebucks"!
Gives new meaning to "pay with your face"
Facebook’s New Cryptocurrency Gets Big Backers
241–250 of 277 posts
Re: Facebook’s New Cryptocurrency Gets Big Backers
#242Earlier quoted context omitted.
No it doesn't. ETC is worth something like 2% of the value of ETH, it's a joke in comparison. Besides, the existence of "Ethereum Classic" is not something special, it's the inevitable side effect of suddenly having the balance of your ETH wallet "cloned" in a fork, you only have to lose if you don't treat both wallets like they're real.
The existence of ETC says to me that ETH has the same problem, that is a bunch of power users can change the rules if they want to (if it is financially beneficial for them to do so). No different to a fiat currency controlled by the government.
Yeah that's just wrong. If you want to change the rules, you need to update the client software which means forking. Are you saying that a group of core devs can fork the chain and not have it be contentious?
Re: Facebook’s New Cryptocurrency Gets Big Backers
#243Earlier quoted context omitted.
It's a token i.e. a financial derivative. So Facebook is not giving it's users bank accounts. So there is less regulation e.g. Know Your Customer. A block chain will make it easier to build trust because (some) third parties can audit it.
How is this different from the "digital coins" e.g. gems in pay to win games then? They don't give me a bank account, but it's still digital money, but not a cryptocurrency.
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Re: Facebook’s New Cryptocurrency Gets Big Backers
#244Re: Facebook’s New Cryptocurrency Gets Big Backers
#245Is it really a cryptocurrency when it's completely centralized? No. This is just Facebook-bucks. Store dollars. It's has absolutely none of the benefits of a real cryptocurrency.
> Facebook-bucks Missed opportunity to call them "Marks", although maybe only German speakers will get the joke.
Or just FaceBucks
Re: Facebook’s New Cryptocurrency Gets Big Backers
#246Re: Facebook’s New Cryptocurrency Gets Big Backers
#247Re: Facebook’s New Cryptocurrency Gets Big Backers
#248What I find hilarious is that Zuckerberg has probably been trolling the forums of bitcoin.org and reddit crypto groups for many months. And like any good crypto "expert", he spent his time sharing opinions and copying other peoples source code versus building anything real.
Please don't post unsubstantive comments here.
Which part of my statement is "unsubstantive" the joke or the fact?
Re: Facebook’s New Cryptocurrency Gets Big Backers
#249Earlier quoted context omitted.
The joke (maybe, maybe not) in drawing the presumably intentional astrological connection has to do with the fact that the Winks and Zuckerberg have some ... shared history.
Well, I have no idea what you are talking about. Care to elaborate? I just find how things get named interesting. I did realize it was a joke, but that doesn't preclude actually discussing why these things got the names they have.
Too long and getting OT to explain here, but in The Social Network it was explored pretty... dramatically
Re: Facebook’s New Cryptocurrency Gets Big Backers
#250Earlier quoted context omitted.
The price is heavily manipulated and volatile, most of the volume appears to be fake, and the only major 'use' anyone is making of it is speculation. Also it hasn't gone up consistently, it's still at around 50% of its peak almost two years ago.
Look at 10 years chart. It's been going up consistently.
Sigh.
No, it hasn't, unless you've got some sort of alternative definition of "consistently".