Other / blockchain

rezoanulvibes
Is Facebook Getting Into Cryptocurrency?
Once upon a time, no one knows about Facebook. That is history. Will you find any people who don't know about Facebook now? Source I was surprised when I took a picture with my cell phone and my little nephew said, "share this on Facebook." You know about cryptocurrency and blockchain. If you ask general people about blockchain, they have no idea what you have just said. But the way people are getting into cryptocurrency, you will not find any people who do not know about it in the future. You can send message using apps like WhatsApp or Instagram. How about if you could send currency using the app just like you send a message? So is Facebook going to get into cryptocurrency? I read some articles today. Hope we will see something like this in the near future. "Facebook remains interested, with a 50-person project underway to build a technology that'll let members send each other digital money, the New York Times reported Thursday." Source According to Bloomberg report, Facebook would involve a cryptocurrency that's price would be stable. If you can convert your fiat currency into cryptocurrency and send it to your friends and family, that would be great. If you use the traditional system to send money, you have to pay a high fee. Using cryptocurrency, you can send currency anywhere at any time without any fee or little fee. Source Although Facebook did not comment detail about the project, it confirmed its blockchain work. The company said, "Like many other companies, Facebook is exploring ways to leverage the power of blockchain technology. This new small team is exploring many different applications." Source They are in a discussion with cryptocurrency exchanges. Hope we can know more about it in the future. So what happens when Facebook launches its coin? How would that impact in the crypto market? What do you think? Please feel free to express your thoughts in the comments below. Thank you so much for taking the time to read this post. If you find this post useful, please follow me @RezoanulVibes. That's it for now. See you soon. References 1 and 2
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swapbit
#CollapseDiary - Christmas Day, 2018
Diary & Manifesto December 25, 2018 Merry Christmas, everyone! https://scorum.com/en-us/other/@swapbit/merry-xmas-to-all-financial-collapse-spells-doom-for-capitalism https://serey.io/money/@swapbit/merry-xmas-to-us-all-financial-collapse-spells-doom-for-capitalism https://deals.weku.io/community-deals/@swapbit/merry-xmas-to-all-financial-collapse-spells-doom-for-capitalism https://whaleshares.io/money/@swapbit/merry-xmas-to-us-all-financial-collapse-spells-doom-for-capitalism https://smoke.io/news/@tradeitforweed/merry-xmas-to-me-christmas-2018-marks-the-end-of-capitalism https://steemit.com/money/@hodlorbust/christmas-2018-financial-collapse-spells-doom-for-capitalism-merry-xmas-to-me Look at me earning crypto for the financial collapse of the Western world! It’s truly a beautiful thing. The DOW is down 3% today, and so I’ve decided to keep a diary of this End of Days and Financial Ruin of America and her Allies, Capitalism Currency and Nationalism. The dual purpose of this guide to the apocalypse is as a manifesto for the way we should conduct ourselves and carry forward, through the dismal days ahead, and reinvent the economical and social constructs everyone’s taken for granted for generations. Welcome to my little world. Christmas Morning, I had few gifts but the bigger joy came from watching my four year old niece open the majority of the spoils and become more overjoyed about her hand-crafted clothes that match her mom’s than she was her underwater digital camera or digital kid’s smartwatch. This is the epitome of the point I’d like to make: kids are innocent, and until we impress upon them ‘these coins buy you food’ they have no sense of what barter or financial transactions are. They understand cause, effect, and linear time - cry and get attention right up to Pavlovian conditioning to salivate at the sound of a bell. Cause and effect, linear progression of time… The DOW is down 19% since the start of this collapse, nearly 3% today. On Great Tuesday, the oncoming of the entire Great Depression, the DOW dropped 12% in one day.. While our current situation doesn’t seem that dire, if it continues accelerating at the rate it has been then we’ll be looking at equalling or surpassing the total downward trend of The Great Depression @ DOW $340 or so to $200. When all business shuts down and factories have materials literally on premises but there is no work, there are no strikes, there are no opportunities.. Other, supporting industries shut down. We won’t have running water, electricity, or food delivered to supermarkets - how will you survive? Who will you depend on? How will you make yourself useful? When the government collapses because there’s no money to pay anyone to do anything and inflation skyrockets just prior, what will you offer for barter to get enough food for your family to eat? Cryptocurrencies could be the answer. In local areas where there’s enough cooperation and community to create self-sustaining energy, networks could be created to (hopefully - as in our case) replay the entirety of Wikipedia and local Stackoverflows and other Stack sites (like Stack Survival… hint, hint) as well as keep an open ledger of barter transactions that you could even peg to a virtual currency. What of Bitcoin, Ether, Steem, or etc? Without a massive global network and the dozen or so DNS servers organizing the internet, these hugely distributed networks will fail themselves, and people will fork them to create their own local- regional- networks. Weed, as funny as it sounds, could be the answer. Marijuana can be grown in even harsher climates to some effect, and as it’s a popular choice for recreation, industrial applications and medicine, it could be a society’s staple currency. It’s bulky, stinky and is measured in increasingly large volumes - but a few grams of gold bullion is worth a bit for nearly being useless, maybe we will see people barter then barter then barter to come ahead? Without law, order, punishment.. What would the world look like? Will we see a rise in vigilantes? Without transportation, work, education, will we see a return to the traditional family unit? Without the ability to sustain metropolitan areas, will we see ghost cities as people ‘fan out’ and repopulate the countryside? What does that look like in China, where their population per acre is worrisome.. Genocide to preserve the race? Nearly 3% today, Tuesday, Christmas 2018. Why publish a diary to a Blockchain (or a few?) - there is an immutable nature of Blockchains and DPoS and all my info are recorded on nodes, and I’ll have my own witness node for each of these chains in the near future. I will have the record of this global event written promptly, deftly, and accurately… with a vengeance. What will the DOW look like tomorrow? What lays at the end of this rabbit hole? Will this document rival Pepys and The Great Fire London? Frank and Nazi occupation? Pilkington and sheer nonsense? Follow the tag ‘collapsediary’ or see this Google doc for the full story: https://docs.google.com/document/d/1SUyjBXADnXmyREHcY1ojee7gUur_dlPdpa9Napdcm54/edit?usp=sharing
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