Altcoins Talks - Cryptocurrency Forum

Further Discussions => Blockchain Technology => Topic started by: RapidRabbit on February 06, 2019, 10:16:07 AM

Title: Facebook and blockchain tech
Post by: RapidRabbit on February 06, 2019, 10:16:07 AM
Facebook is known from its aversion for cryptocurrencies. Now, for the first time, they've get involved in blockchain technology, by acquiring small startup called Chainspace. Here you have whole story: https://www.reddit.com/r/BlockChain24/comments/anes2c/facebook_acquired_first_blockchain_startup/
You think this could be a sign o changes?
Title: Re: Facebook and blockchain tech
Post by: tsakf on February 06, 2019, 10:21:05 AM
Facebook is known from its aversion for cryptocurrencies. Now, for the first time, they've get involved in blockchain technology, by acquiring small startup called Chainspace. Here you have whole story: https://www.reddit.com/r/BlockChain24/comments/anes2c/facebook_acquired_first_blockchain_startup/
You think this could be a sign o changes?

Facebook, was the first company to teach people, to give away their privacy. Cryptocurrency, is about privacy. I see something fishy, in this blockchain project.
Title: Re: Facebook and blockchain tech
Post by: trauchot on February 06, 2019, 10:31:05 AM
Facebook understand that the blockchain technology can bring a huge amount of money to them and that is why they are developing to the maximum in this area, their management understands that cryptocurrency is the future.
Title: Re: Facebook and blockchain tech
Post by: Volonter on February 06, 2019, 10:55:08 AM
Of course it can, given that Facebook probably sees how often the blockchain technology has been used, so they also need to change something.
Title: Re: Facebook and blockchain tech
Post by: Bica on February 06, 2019, 02:31:44 PM
I don't like this idea.
Facebook is going to create it's own crypto curriency and I am sure it won't be secured.
Title: Re: Facebook and blockchain tech
Post by: OptimusPrime on February 06, 2019, 02:46:04 PM
This is a good news and a positive uptrend to the cryptocurrency market.  We need big companies like Facebook and google to take part in the blockchain innovation to make crypto strong
Title: Re: Facebook and blockchain tech
Post by: ryap12 on February 06, 2019, 02:50:21 PM
Here in the Philippines, almost all people have facebook accounts. (even childrens! I admit as me and wifey created an account for our son! LoL). I think they are still testing it out and see what is the best! Applying the blockchain technology will be an advantage as it the future. That means facebook does not want to get out dated! Their purpose though is hidden but I dont think Mark will do something to ruin his reputation. I mean I know a lot of cases has been filed against facebook but so far, facebook is the most user-friendly social media account I have unlike Twitter.
Title: Re: Facebook and blockchain tech
Post by: Theroyals on February 06, 2019, 05:21:11 PM
This is a good progress if Facebook uses blockchain technology. I also read the news if Facebook will make its own crypto products. Let's just wait for what will happen if everything really happens.
Title: Re: Facebook and blockchain tech
Post by: Munareal on February 08, 2019, 08:36:03 AM
When you talk of facebook what comes to mind is the Cambridge Analytica scandal. Facebook has trust issues, using the blockchain will give it credibility as the blockchain is transparent and immutable
Title: Re: Facebook and blockchain tech
Post by: Kriau on June 14, 2019, 07:51:10 AM
Of course, this will entail huge changes. The market declined strongly after Facebook banned posts with cryptocurrency.