[kumarvvr]

Facebook has already wreaked havoc with it's power, it has shown how deceptive it is, it has resisted regulation, it's chief executives have refused to testify to governments.

Now them having a cryptocurrency is alarming. Why does it really need to do this? There is nothing anonymous about facebook. Whatever transaction is done, will be linked to your account.

This is dangerous.

Whether they start or not is irrelevant, as informed users, we must spread word in our circle to avoid such cryptocurrency like the plague.

It will no longer be sufficient to try to prevent FB from going ahead with this plan, because they will, if not now, after a few months or years from now. The only thing that will prevent this from wreaking havoc in the world is to spread awareness of how bad this is and how much more power it will give to FB.

[raxxorrax]

> Now them having a cryptocurrency is alarming

I am genuinely surprised people would allow a company collecting data to be their financial provider.

This is mostly contrary to the idea behind bitcoin to have a decentralized currency beyond anyone's control. The unholy alliance between facebook, ebay, visa and mastercard is certainly no advantage to the user.

But I am afraid convenience will bite us in the ass again.

[GoblinSlayer]

Sure, it's cancer compared to other cryptocurrencies, but what can possibly go wrong if it competes with fiat? People in the article started to speak about better money transfer technology. Why only now? Because they stagnated as a monopoly.