/biz/ - Business & Finance

>>14208731
We all fucking die, is what happens.

nothing
the plan is to get fresh capital so the facebook share doesnt collapses. The plan will not work out

Can this be the real discussion threads. The other LIBRA threads gave me a headache. Everything says its going to be a "stable basket" coin pegged to multiple top currencys to be stable and "fight off runaway inflation". Facebook and co dont give a shit, so the coin will unironically have a 0 transaction fee and normies are going to be like, why does cryptocurrencys have expensive fees and facebook coin is free?? cause they dont know any better.

>>14208759
>please provide free data
>I'm paid to do this
Fuck off miner go back to plebbit

>>14208731
green dildo to $100.

>>14208731
Will be the catalyst for a dystopian future.

(((they))) track all the normie spending, match it with all they know about everyone already, more data makes you more money as you can target people more accurately

not much different to what they do now with ads, or what amazon/google/apple/samsung pay do
probably thought they were missing out

>>14208731
Facebook will shill all governments into letting their crypto for a time , this is going to be great for the short term for facebook and bad for bitcoin.

But if it´s a true crypto it will be convertible to other cryptos and since governments will eventually cuck zuckbucks as they would destroy their capital controls power facebook eventually will collapse fighting governments.

That´s were everyone with zuckbucks try to escape , and were they will escape?
To bitcoin that will already have lower inflation levels than fiat next year.

>>14208780
Luka Magnotta was not bullshiting.

>>14208769
>The plan will not work out
Anon. If Visa/Mastercard/Paypal/Coinbase and all these other financial companys are involved what do you mean the plan wont work out? It was inevitable that companys came in at some point. There will be some effect on the market. FB even stated they will be in full regulatory compliance providing a "legal alternative" to digital currencys currently not in legal compliance. You unironically think Coinbase/Visa cant create a stable coin project?

>>14208769
>Fuck off miner go back to plebbit
What does mining have to do with this? Normies are being given an alternative cryptocurrency on their phones with a 0 transaction fee promised to be stable and work at their favorite online normie sites. It will be a faster/cheaper cryptocurrency with actual integrated partners enabling an entirely new way to save/pay.

You cant honestly think Zuck is just kicking an idea around for fun to get funding or have his shares go up. He wants to battle the cryptocurrency market and deliver a better product, the ultimate fuck you to the Winkle twins by placing himself at the top of the financial transaction pyramid.

>>14208982
>You unironically think Coinbase/Visa cant create a stable coin project?
No, only 24 year old anarcho capitalist heroin junkie pedophiles can create such a technology

>>14208967
They want people to spend Kikebook coins so that Kikebook can track what they're buying. If they're able to sell their Kikebook coins for crypto then Kikebook won't be privy to that data.

LINK will moon.

>>14208731
The impact?

Chainlink $1000 EOY.

$3 link tomorrow

Anybody know when Facebook is likely to release the white paper?

>>14209300
tomorrow

>>14208982
>the ultimate fuck you to the Winkle twins by placing himself at the top of the financial transaction pyramid.
lol the eternal jew who never lets a grudge go and uses regulation to get an edge in business

>>14208982
why do you think it will be no transaction fee? why wouldn't they make it a minor fee like 0.05% or something like that?

Priced in

>>14209590
I know that, I'm wondering when I'm the day. I'm guessing 1000PST right now.

>>14208759
so it will compete with Tether / Paypal / USD
it will undoubtedly be 100% centralised and controlled, although normies won't care
it won't be something people buy to be decentralised or as an investment or to hide money
It will be basically as if Facebook had introduced some kind of facebook credits that had nothing to do with crypto

>>14208759
Sounds oddly similar to another stablecoin project that recently launched on Huobi. Fill your bags now anons.

when can i buy libra
anything with facebook is a moon mission

>>14208731
Where can you even buy "Libra"?

I deleted my Facebook a long time ago

>>14210210
So if Reserve is using it confirmed, then will FB announce that they are using it as well in the whitepaper tomorrow?

>>14210647
It’s probably gonna take some bread crumb sniffing. If they announce it, or reference it in their whitepaper, congrats to all the guys who held their Rsr bags through the last few weeks.

>>14210707
I meant will FB announce that they are using LINK like Reserve confirmed it.

>>14208731
nothing

>>14210210
where to fill bag
I need to get rid of my fucking Ark and get on Libra

>>14210609
lol, have you seen facebook's stock price?

>>14210718
Yes, coming out of a dip and back to it's peak

>>14210713
It's a stable coin, you don't buy it. It's a 1 coin = $1 setup. That's like going all in on Tether or USDC

>>14210736
what is the fucking point then
fuck normalniggers

>>14210735
>back to it's peak
anon, it's still 20% off it's peak...

>>14210751
BecUse RSR is the collateral not the stablecoin you absolute muppet

>>14210763
and where was it 1 month ago? 2 months ago? 3 months ago?
Its coming back. Doesn't matter now since this shit is just like facebux instead of an actual crypto im leaving this gay nigger thread and never coming back to another libra thread

>>14209239
Ducks in a row!

Facebook will unironically cause BTC to rally to 100k within a year
dunno about link tho

>>14210781

>>14210736
I wish I did this Jan 2018

>>14209736
This, they really only need to beat credit card transaction costs. I bet zuck offered the payment processors who are involved stake in the globohomo advertising scheme so that he could share in the fee earnings.

>>14211939
the data is worth more than the fee

does anyone else remember facebook credits

>>14208780
This. I'm not an anarcho-capitalist or into conspiracy theories, but a big tech company coupled with the central bank powers is a very scary thing indeed.

How will Facebook Libra coin be any different than Kik's KIN coin? That was just a big nothingburger, nobody cared about it and it did as shitcoins do.
Facebook has 264x as many monthly users but I don't see why it will be any different?

All crypto will become owned and regulated by government and big nose- I mean big tech companies in the future