Altcoins Talks - Cryptocurrency Forum
Local => Philippines (Tagalog) => Balita Cryptocurrency => Topic started by: YangDump on April 02, 2018, 11:15:57 AM
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The ICO for the new anonymous coin could beat the 1.2 billion dollars raised by Telegram.
An exclusive source has confirmed to Finance Magnates that beleaguered social media giant Facebook is diversifying its product line with a cryptocurrency of its own – Facebook Coin (FBC). Users will have to register to use the coin, but Facebook will guarantee that wallets and transactions will be completely anonymous.
The development has not been officially announced, but reportedly the coin is to be launched on the Ethereum blockchain via an ICO within the next two weeks. Given the size and reach of Facebook, it seems safe to assume that the ICO will rival the 1.2 billion dollars that Telegram raised in its own funding round.
Background:
Facebook has been all over the news lately for all the wrong reasons. It recently came to light that the company sold the personal information of more than 50 million of its users to a political data analysis firm called Cambridge Analytica. Cambridge Analytica illegally used that data to influence the public in the buildup to the Brexit referendum in the UK and in the last US presidential election.
After the scandal become public, Facebook CEO Mark Zuckerberg sent this statement to major newspapers in both countries:
“You may have heard about a quiz app built by a university researcher that leaked Facebook data of millions of people in 2014. This was a breach of trust, and I’m sorry we didn’t do more at the time. We’re now taking steps to make sure this doesn’t happen again….Thank you for believing in this community. I promise to do better for you.”
Unfortunately for Zuckerberg, belief in the community is collapsing. Millions of users have closed their profiles in the wake of the scandal, and the market capitalisation of Facebook has crashed from 538 to 464 billion dollars.
But what will be of more concern to Facebook is the financial penalty that it will have to pay. In 2011 Facebook signed a consent decree with the Federal Trade Commission following allegations that it failed to keep to its promises regarding the privacy of its users. The most recent breach has been found to be a violation of this agreement, and the penalty under US law is 40,000 dollars per violation. As the data of 50 million people was inappropriately used, the total fine will run into the trillions of dollars.
It seems that Facebook’s days as a social media platform may be numbered, which is why the board of the company has reportedly decided to branch out. Rumours are flying on Reddit:
Anonymous coin:
According to our source, the technical details are still being worked out but it can be confirmed that FBC will be an anonymity-based coin along the lines of Monero. In order to hold a coin, users will have to supply data such as name, address, phone number, mother’s maiden name and name of first pet. This is for security reasons; a privacy clause written into the smart contract will ensure that all transactions are entirely anonymous and completely untraceable.
Interestingly, our source told us that Facebook will be advertising the ICO on users’ Facebook feeds. This is interesting because the company recently banned all cryptocurrency advertising on its platform. At the time, its product managing director said that Facebook wanted to avoid “scams and deception”, and the decision to overlook this new rule for its own cryptocurrency has naturally raised eyebrows. However, our source denied that there is any contradiction in the policy:
“Facebook banned cryptocurrency advertising because too many of these companies were scams. This is completely different – Facebook’s ICO is a legitimate way to get more data, which is needed to power a groundbreaking new anonymous digital coin – it is not a scam, so there is not reason for it not to appear on the platform.”
We wish all of our readers a happy April Fool’s Day.
https://www.financemagnates.com/cryptocurrency/news/exclusive-facebook-launch-cryptocurrency-massive-ico/
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Wow! Kung too ito, eh sure ako na 100%succesful to.
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Gandang balita ito kung sakaling mangyari yan bka magtutuloy na ang pag unlad ng cryptocurrency
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Gandang balita ito kung sakaling mangyari yan bka magtutuloy na ang pag unlad ng cryptocurrency
Oo ng eh. Sana din makasali tayu sa bounty at airdrop nila.
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Gandang balita ito kung sakaling mangyari yan bka magtutuloy na ang pag unlad ng cryptocurrency
Oo ng eh. Sana din makasali tayu sa bounty at airdrop nila.
Maganda nga sana kaso ???
April fools eh hahaha. ;D ;D ;D
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Gandang balita ito kung sakaling mangyari yan bka magtutuloy na ang pag unlad ng cryptocurrency
Oo ng eh. Sana din makasali tayu sa bounty at airdrop nila.
Maganda nga sana kaso ???
April fools eh hahaha. ;D ;D ;D
Lang hiya... ;D ;D Kala ko totoo.
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Nabuktima mo kami hahHa
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Hahaha
Pero hindi malabong mangyare yan kahit against si zuckerberg sa blockchain if kikita siya doon baka gawin nya. Pero sa ngayon APRILS FOOLS muna tayo haha.
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Hahahha
Hava pa nman kala ko maganda ng balita ei.nice 1 dude
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Hahahha
Hava pa nman kala ko maganda ng balita ei.nice 1 dude
Maganda naman na balita yun nga lang. Gag lang eh hahaha
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We wish all of our readers a happy April Fool’s Day.
Anak ng tokwa, kala ko pa naman totoo. Binasa ko pa naman lahat mula umpisa, dapat talaga sa dulo muna nag uumpisa magbasa eh ???
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We wish all of our readers a happy April Fool’s Day.
Anak ng tokwa, kala ko pa naman totoo. Binasa ko pa naman lahat mula umpisa, dapat talaga sa dulo muna nag uumpisa magbasa eh ???
Sorry mate kahit ako na nagpost ay ... naloko din ng aprils fools maganda na sana kaso may last message siya sa huli haha ;D
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magandang balita sana to kaso hindi totoo sana totoo nalang para maging masaya tayo
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interesting sana , kso april fools pla maganda n sana kung mg kakatotoo
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Kung totoo man ito, dapat di na mag baban ang Facebook ng crypto-related posts. Minsan na kasing nasuspend ang aking FB account dahil sa pag popromote ng isang project, pati ang aking mga kaibigan, ilang linggo bago nila magamit ulet ang kani-kanilang FB accounts, lubhang nakaka apekto ito sa pag bobounty buti nalang gumawa sila ng sarili nilang coin. Magandang balita ito para sa mga bounty hunter na katulad ko. :)
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Hahaha April fools pala. Pero sa totoo lang mga idol talagang kaya gawin ito ni mark zuckeberg may capabilty talaga syang gumawa ng sarili nitong ICO. Sarap sana sumali kung totoo kasi sure success talaga ang project na ito.