Facebook could make crypto mainstream

Bradley Prior

Bradley Prior

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Facebook could make crypto mainstream

Facebook Inc., a centralized corporate giant with a history of customer data use controversies, is an unlikely candidate for bringing cryptocurrencies to the masses.

Yet many digital-assets enthusiasts are now hanging their hopes on the company’s new digital coin succeeding where Bitcoin has not. [Bloomberg]
 
Ninja'd said:
They won't.
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Cryptocurrency is the natural evolution of a banking system that is still rather archaic.

Email made sending "post" virtually costless.

Skype made phoning relatives across the world virtually costless.

Etc.

Don't be a Luddite :p
 
Chris_the_Brit said:
Cryptocurrency is the natural evolution of a banking system that is still rather archaic.

Email made sending "post" virtually costless.

Skype made phoning relatives across the world virtually costless.

Etc.

Don't be a Luddite :p
Click to expand...

So is crypto going to make paying for things virtually costless? If not then we need to look at another system
 
Chris_the_Brit said:
No. It will make transaction costs virtually costless across countries.
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I tried to send R150 in BTC to a overseas service last week and it cost R53.

You are biased as you have invested in crypto so your opinion is worth ****.
 
Can I speculate recklessly in the hopes of making a quick buck off it? :unsure:
 
backstreetboy said:
Well the Bitcoin lightning network is not live yet so to be expected. Use one of the alts...
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And how long has that been in the works?

To confirm, you say currently it is not useful?

And the seedbox service wants BTC not some other dodgy crypto.
 
biometrics said:
And how long has that been in the works?
Click to expand...
The whitepaper was published in 2016 so literally just a minute in crypto space.
To confirm, you say currently it is not useful?
Click to expand...
I didn't say that at all.
And the seedbox service wants BTC not some other dodgy crypto.
Click to expand...
Take it up with them then. My VPN provider supports all the major crypto's without much effort.
 
backstreetboy said:
The whitepaper was published in 2016 so literally just a minute in crypto space.
I didn't say that at all.
Take it up with them then. My VPN provider supports all the major crypto's without much effort.
Click to expand...
2016. Lol. Ok.
 
Chris_the_Brit said:
Then you will understand why cryptocurrency is the future.
Click to expand...

Cryptocurrencies have way too many flaws still.
The only edge so far is that they duck and dive regulation, once they have to face the same regulations
then they become just as slow. SWIFT is not really that slow and thats the only cog it replaces.

Quick question, if it is so much the future why havent any of the major tech companies
or any major investors invested in it yet?
Why havent most retailers taken it up yet either?

The only people who seem to have adopted it is the black market.

There are also many other flaws with it like, how do you deal with natural inflation.


https://mybroadband.co.za/forum/thr...ransfer-times-and-fees.1005340/#post-22893232
 
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