>The Wall Street Journal, citing unnamed sources, believes Facebook Coin has all but moved forward. Something like a stablecoin, it will be pegged to “a basket of government-issued currencies,” with a dozen or so “financial firms and e-commerce companies [investing] around $10 million each in a consortium that will govern the digital coin,” which include the likes of Visa, Mastercard, PayPal, Uber, Stripe Inc., Booking.com and MercadoLibre Inc. CoinSpice recaps the project’s journey thus far.
>Most are sure it will be a stablecoin, as the notorious swings of cryptocurrency markets have been a continual bugaboo for institutional finance getting more involved. The project is named Libra, and “revolves around a digital coin that its users could send to each other and use to make purchases both on Facebook and across the internet,” the Journal explained. Facebook has remained silent officially.
>Bitcoin (BTC) as a project has failed to gain mass adoption many hoped for it by now, a full decade-on. Some blame high fees, slow transaction times, price volatility, toxicity as reasons for the snail’s pace. Others simply believe the regulatory hurdles and lack of infrastructure doom BTC altogether. And press accounts about linking cryptocurrency to money laundering and terrorism haven’t helped its public relations image.
Guys, it's been a pleasure
hey guys im new, how do i buy libra?
>toxicity
You let Zuck peg you in the ass
Good, fuck you, you all deserve it.
How the fuck has bitcoin not gained adoption? From literal pennies to 20k ath that seems pretty fucking adoted to me. Revolutions take time too, this is like FUD'ing IBM for only being able to do simple math problems with a machine in 1947
>mass adoption
Heeeeeeeeeey i’ll Take it
magic cards are selling for thousands too, that does not mean adoption
imagine not understanding that they will be using Reserve
The mark of the beast is upon us
Funny how this describes a centralized and corporate reserve
Secretly famous blockchain dude here, don't worry about it we'll fix it.
Will we 1000x or only a measly 100x?
Is that you Satoshi?
Minister you, Satoshi!
>secretly famous
what did he mean by that
>loudly silent
>obesely slim
>soaking dry
it hasnt been 10 yeats it has been 11 years.
it took less time for the internet itself to take off.
crypto is dead.
So they are basically issuing fun coupons. What was the big news here?
1x
>price = adoption
It has not been adopted and never can be because of high fees and slow transaction times. Even during the 2017 bullrun when bitcoin still had a market cap worth less than the valuation of Apple, a single company, fees were ridiculously high and people were waiting days, sometimes even more than a week to transact bitcoin.
If it were ever to be adopted as an actual currency used by billions of people the transaction fees would cost more than most transactions and people would wait months or possibly over a year for a transaction. It's just not possible.
Other currencies like Dash have a chance and are being used by thousands of businesses around the world, but bitcoin is obsolete when it comes to any real adoption past people using it to by LSD on the dark web
>it's another article written by a tech illiterate journalist who doesn't understand cryptocurrency.
Wow thanks user just sold all my bags.