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Bitcoin Facebook Social Networks The Almighty Buck Technology

Zuckerberg Met With Winklevoss Twins About Facebook Developing Cryptocurrency, Report Says (thehill.com) 43

Facebook founder and CEO Mark Zuckerberg reportedly met with Tyler and Cameron Winklevoss to discuss the company's plans to launch its own cryptocurrency. "The Financial Times reported Thursday that Zuckerberg met with the Winklevoss twins and executives with Coinbase, a popular online cryptocurrency exchange, as the company considers partnering with the company and others such as Gemini, the exchange founded by the Winklevoss brothers," reports The Hill. From the report: Zuckerberg's past legal conflict with the twins was one of the defining plot points of "The Social Network," the Academy Award-winning movie based on Zuckerberg's rise to power as Facebook's founder. The two brothers claimed in legal proceedings to have come up with the original idea for Facebook while students at Harvard with Zuckerberg.

At Facebook's developer conference in April, Zuckerberg indicated that he was interested in Facebook becoming a tool for sending money quickly, a feature that would be a core part of the company's entrance into the cryptocurrency realm. "When I think about all the different ways that people interact privately, I think payments is one of the areas where we have an opportunity to make it a lot easier," he said at the conference, according to CNBC. "I believe it should be as easy to send money to someone as it is to send a photo," he reportedly added last month.

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Zuckerberg Met With Winklevoss Twins About Facebook Developing Cryptocurrency, Report Says

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  • Comment removed (Score:4, Informative)

    by account_deleted ( 4530225 ) on Friday May 24, 2019 @06:40PM (#58650716)
    Comment removed based on user account deletion
  • FB already has way WAY too many tentacles buried in our society.
    I'm utterly against anything else that would give them the opportunity to further disenfranchise a user they happen to dislike.

    Right now, you're just bounced out of the Public Square.
    Do you want them to be able to revoke investments in cryptocurrency and steal it from you by way of an account ban?

  • by fred911 ( 83970 ) on Friday May 24, 2019 @07:11PM (#58650836) Journal

    "When I think about all the different ways that people interact privately, I think payments is one of the areas where we have an opportunity to make it a lot easier,"

    Wow, which part of "privately" doesn't he understand? "A lot easier" for what and who, surely not for any users' security.

    • it doesn't even makes sense from the point of view of Facebook.

      Apart from the obvious "cryptocoins are popular, let's try to get a slice of this pie" nothing else makes sense.

      Facebook is a company that wants to be center of all your interactions. They basically want to be in control of as much as posiible of your life: the way you chat (WhatsApp) the pictures you share (Instagram)

      Cryptocoin's entire purpose is to have NO central company control. They are decentralized / distributed *by design*, with no poss

  • Now they can take your money if they dont like your post... welcome to f(Russia*China*1984)....

  • One of the major points in using cryptocurrency is that NO ONE owns it or controls it. We want to get away from BIG BANKS and Government controlling money. Controlling us. If Facebook creates their own and people use it nothing has change accept the BANK.
  • Two tails = useless fro flipping.

  • Comment removed based on user account deletion

It is contrary to reasoning to say that there is a vacuum or space in which there is absolutely nothing. -- Descartes

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