Facebook’s Libra cryptocurrency: Privacy and stability concerns
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Re: Facebook’s Libra cryptocurrency: Privacy and stability concerns
#2douche marks (one of the names people were calling them) https://news.ycombinator.com/item?id=20181639
Yeah now it's called Libra. I can totally see my daughter wanting to think about her girl products every time she uses this coin.
They better consider how their marketing will look if they want to enter the Australian market. Especially with this day and age of memes. Usually what the teens find "cool" is what the older generations adopt.
Re: Facebook’s Libra cryptocurrency: Privacy and stability concerns
#3Bloomberg did a nice video about the real implications; Chinese app style payments would deprive banks of their cut of transaction processing.[1]
Isn't it strange that the Chinese copied facebook, but now facebook copys WeChat
"U.S. Banks Are Terrified of Chinese Payment Apps" https://www.youtube.com/watch?v=SJh_Uir5EMI
https://www.nytimes.com/2019/03/07/technology/facebook-zucke...
Re: Facebook’s Libra cryptocurrency: Privacy and stability concerns
#4Bloomberg did a nice video about the real implications; Chinese app style payments would deprive banks of their cut of transaction processing.[1] Isn't it strange that the Chinese copied facebook, but now facebook copys WeChat "U.S. Banks Are Terrified of Chinese Payment Apps" https://www.youtube.com/watch?v=SJh_Uir5EMI https://www.nytimes.com/2019/03/07/technology/facebook-zucke...
> Isn't it strange that the Chinese copied facebook, but now facebook copys WeChat
Not really, Facebook is lacking in originality and sees how much money can be made (Wechat is doing it).
They also see how they can harvest huge amounts of data on what people buy with a high degree of preciseness.
Re: Facebook’s Libra cryptocurrency: Privacy and stability concerns
#5Bloomberg did a nice video about the real implications; Chinese app style payments would deprive banks of their cut of transaction processing.[1] Isn't it strange that the Chinese copied facebook, but now facebook copys WeChat "U.S. Banks Are Terrified of Chinese Payment Apps" https://www.youtube.com/watch?v=SJh_Uir5EMI https://www.nytimes.com/2019/03/07/technology/facebook-zucke...
Every company of a certain size eventually starts picking up other companies / ideas.
Heck plenty of start ups pivot to existing ideas.
And in Japan pay with your phone has been around for ages.
Re: Facebook’s Libra cryptocurrency: Privacy and stability concerns
#6I think it remains to be seen how many Facebook users WANT to use Facebook (or whatever they call it) to buy things.
I'm not sure that's an automatic yes from most users.
Re: Facebook’s Libra cryptocurrency: Privacy and stability concerns
#7douche marks (one of the names people were calling them) https://news.ycombinator.com/item?id=20181639 Yeah now it's called Libra. I can totally see my daughter wanting to think about her girl products every time she uses this coin. They better consider how their marketing will look if they want to enter the Australian market. Especially with this day and age of memes. Usually what the teens find "cool" is what the o…
> Yeah now it's called Libra. I can totally see my daughter wanting to think about her girl products every time she uses this coin.
The iPad didn't really suffer much from the same naming "problem".
Libra is pretty much just the latin name for "Pound". It's a pretty damn good name for the currency.
Re: Facebook’s Libra cryptocurrency: Privacy and stability concerns
#8This is the thing that will ultimately get facebook as we know it regulated out of existance -- unless politicians get hooked on social media micro-donations.
https://www.banking.senate.gov/imo/media/doc/5.9.19%20Facebo...
Re: Facebook’s Libra cryptocurrency: Privacy and stability concerns
#9douche marks (one of the names people were calling them) https://news.ycombinator.com/item?id=20181639 Yeah now it's called Libra. I can totally see my daughter wanting to think about her girl products every time she uses this coin. They better consider how their marketing will look if they want to enter the Australian market. Especially with this day and age of memes. Usually what the teens find "cool" is what the o…
> Yeah now it's called Libra. I can totally see my daughter wanting to think about her girl products every time she uses this coin. The iPad didn't really suffer much from the same naming "problem". Libra is pretty much just the latin name for "Pound". It's a pretty damn good name for the currency.
> The iPad didn't really suffer much from the same naming "problem".
It's not really the same thing. Pad can often refer to things like "pads of paper", or be a slang name for an apartment.
> Libra is pretty much just the latin name for "Pound". It's a pretty damn good name for the currency.
A lot of teenagers probably aren't going to know that.
Whereas there is literally a brand called "Libra" that makes tampons, pads and those sorts of products. That is what people think of here when they hear that, either that or the star sign.
Re: Facebook’s Libra cryptocurrency: Privacy and stability concerns
#10This is the thing that will ultimately get facebook as we know it regulated out of existance -- unless politicians get hooked on social media micro-donations. https://www.banking.senate.gov/imo/media/doc/5.9.19%20Facebo...
Is this a new narrative pushed by old banks that do not innovate enough to keep up with Zuckerberg et al?