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Facebook's Cryptocurrency Could Be a $19 Billion Revenue Opportunity, Barclays Says (gizmodo.com)
Barclays internet analyst Ross Sandler says the new cryptocurrency that Facebook is working on could be part of a multibillion-dollar revenue opportunity. "Sandler forecasted as much as $19 billion in additional revenue by 2021 from 'Facebook Coin,'" reports CNBC. "Conservatively, the firm sees a base-case of an incremental $3 billion in revenue from a successful cryptocurrency implementation. 'Merely establishing this revenue stream starts to change the story for Facebook shares in our view,' Sandler said." From the report: Facebook is reportedly developing a cryptocurrency for global payments that will be tied to the value of traditional currencies and available to use through its messenger "WhatsApp," according to Bloomberg and The New York Times. Facebook has not publicly commented on the reports. Price volatility has been one major roadblock to bitcoin's widespread adoption as an everyday payment option. But Facebook's digital currency, a "stable coin," would likely be less attractive to speculators because of its fixed price tied to a currency like the U.S. dollar.
"Any attempt to build out revenue streams outside of advertising, especially those that don't abuse user privacy are likely to be well-received by Facebook's shareholders," Sandler said. Barclays based its Facebook revenue estimates off of Google's digital distribution service, which is also the official app store for Android's operating system. "Google Play," as it's called, generates $6 in "net" revenue per user now. Facebook could see a "similar cadence," across its nearly 3 billion users in 2021. A Facebook virtual currency would allow for more premium content to find its way back to Facebook, Sandler said, as companies re-establish themselves on the social network as a strategic partner.
"Any attempt to build out revenue streams outside of advertising, especially those that don't abuse user privacy are likely to be well-received by Facebook's shareholders," Sandler said. Barclays based its Facebook revenue estimates off of Google's digital distribution service, which is also the official app store for Android's operating system. "Google Play," as it's called, generates $6 in "net" revenue per user now. Facebook could see a "similar cadence," across its nearly 3 billion users in 2021. A Facebook virtual currency would allow for more premium content to find its way back to Facebook, Sandler said, as companies re-establish themselves on the social network as a strategic partner.
Now they can harvest your financial habits too!
No way Google Play is making $6 net revenue per user.
What happens when you cross one of the largest companies on the planet and a new currency?
As much as 'social media' changed the face of democracy in the last few years, this could have a much bigger impact. Just imagine if people in countries that do not have stable currencies had a choice. People may trust 'FBcoin' more than they ever trusted Bitcoin.
With all of that being said, for a company that doesn't seem to respect anyone's privacy, this could be a real doozy.
--
The world as we have created it is a process of our thinking. It cannot be changed without changing our thinking. - Albert Einstein
So fucking sick of hearing about cryptocurrencies... Great job. You ruined it all. We could have finally had that non-Jewish-controlled currency, but you had to make a billion "altcoins" that made it into a big joke/scam. Sigh.
How is this any different than a ledger entry that says I gave Facebook $5 so I have $5 in my account to spend. If I give someone $.25 it is all internal entries to FB either way.
Somehow having a Facebook coin will get people to cough up more $$ for stuff they wouldn't spend $$ on ?!?
Hey how about you turn your abstract voucher in for this abstract voucher written for slightly less? God people are stupid cuz it's probably going to work. In the end that 19 billion in revenue represents a 19 billion dollar in mislabeled charity to Facebook. We already have ways to exchange money. I already have ways to do it instantly. This is a stupid redundant project that unfortunately will probably not be nipped in the bud.
This will likely end up being called FaceCoin, because two syllables is easy to say.
There isn't yet a cryptocoin called this, but I expect one will be created in a day. Then Facebook will have to buy them out to get the name. Call it coin-squatting.
there is no way in hell im going to use that crypto. fuck making the zuck richer.
Facebook + Cryptocurrency, yes, that is exactly what the world needs!
Violence is the last refuge of the incompetent. Polar Scope Align for iOS
Translation, IMHO:
"Don't believe (almost everyone) who say, all cryptocurrencies are just (a new kind of global internet) scams!!! Believe cryptocurrency shills, instead, who say cryptocurrencies are the future of all money no doubt!!! Look, even FaceBook understands it!!! Just keep HODLing, no matter how much you lost & just keep investing more on cryptocurrencies!!!"
A stable coin fixed to USD is simply fiat credits held by a custodial account which is a very old business practice. The additional revenue will come from fees and services people pay to facebook when they buy these credits or "gift cards". Many services like youtube already have tipping with fiat doing this so there is nothing unique except them using the term "crytocurrency" as a marketing gimmick.
fuck the fuck off.
...cryptocurrency mines YOU!
Why did the chicken cross the road? Because Elon Musk put an AI chip in its head.
Where are the dollars coming from? Who the fuck is giving Facebook.. what did it say? $19 billion? Over 2 years.
WHERE IS IT COMING FROM? Who is stupid enough to be giving Facebook money for anything, ESPECIALLY crypto currency. Someone getting scammed hard.
Facebook had no credibility to leverage a financial play. They can't maintain any privacy and their code is patently not to be trusted. None of the other players would allow them entry. The population is growing more distrustful daily and there is almost nothing they can do the stem the tide. Once it is revealed that the backers are crooks, uptake except among other crooks will be low. Just like every other cryptocurrency.
This is Facebook making a Payment Network. I use Paypal because it works seamlessly with ebay. I use credit cards for cashback rewards and protection from unauthorized charges.
What's in it for me, the consumer? Why should I jump ship to a company I already don't like/trust and which has little or no regulations to protect me when I've got Paypal regulated under banking law (mostly, I don't use it for anything but ebay because of that) and my CC regulated up the wazoo?
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Oh boy- a bitcoin-type currency from Facebook, WHAT COULD POSSIBLY GO WRONG??
Nothing, nothing could possibly go wrong! Invest now why there's still time for it to disappear and take your (real) money with it!
Just cruising through this digital world at 33 1/3 rpm...
Awww, calm down, snowflake, and hug your poster of Hitler kissing Trump a little tighter tonight, okay?
Rothschild said something to the effect "If I have control of a nations money, I don't care who controls its laws."
One of the earliest separation of powers involved making the governors answer to the financiers. I'm not convinced this method was the best use of checks and balances, but it was an early inception of checks and balances against unbridled power.
Powerful corporations issuing their own company store-like script is likely to become fractured and unwieldy, and destabilizing central banks' powerful grip on the economy is bound to meet some stiff resistance.
Happiness in intelligent people is the rarest thing I know.
Ernest Hemingway
Who would you rather get the money? If it's not cash, someone gets a cut. That is the main flaw of online transactions without in-person meetups for cash payment.
Sounds like a snake oil salesman. And falling for snake oil himself!
I prefer my poster of trump hungrily sucking shit out of hitlers ass but hey, you go with what works for you!
One of the major points in Cryptocurrency is that NO single entity owns or controls it. We are tired of banks controlling what we spend, how we spend, an knowing everything about us. Facebook making a Cryptocurrency is NOT what we want. It is just giving them control like a bank the very thing we are getting away from.
I look forward to the gaping security holes or block chain (explorer) vulnerabilities we'll find. And any sort of endorsement from Barclays (obviously a cryptocurrency powerhouse (NOT)) really sweetens the deal. Expect a Greek tragedy wrapped in a comedy wrapped in a farcical buddy road-trip movie set to the tune of Facebook's own awesomeness. Then, perhaps, in a decade when the market has turned completely you can watch the whole thing be completely worthless.
Baby troll, this will not get you the many angry replies you seek.
A good troll has some element of truth to it. Or at least culturally accepted truth even if false.
In this case no one has any fucking clue what this Jew currency is you are babbling about. No one will get mad about something that makes no sense.
Just trying to help a noob troll out,
Pro-troll
Facebook can not be trusted with information, so there is no fucking way I would trust them with money.
Facebook's "coin", more properly "faked up token", is a SCAM !!!
So is EVERY other "coin" from EVERY Company and Government in existance, including digital Fiat.
This is because they are NOT...
Fully Distributed P2P Transaction Mineable Privacy Cryptocurrencies ...that you and users around the globe freely participate in running.
Break that down...
Fully - all aspects
Distributed - no central control, no censor, no gatekeeping nodes, everyone can run nodes
P2P - transactions, funds, data travels direct from one user to another and amongst peers
Mineable - users can and must mine transactions in thousands of small pools around the world
Privacy - strong crypto as in Zcash ZEC to protect sender receiver amount and change
Without AT LEAST all of those properties,
it's a SHITCOIN that will eventually shut you down.
NOT your KEYS, NOT your COIN !!!
Examples of currently good coins that are spendable as currency to pay for retail and marketplace stuff right now...
Real Coins - Zcash ZEC (excellent cryptographic privacy modes), Monero XMR (statistical privacy), Bitcoin Cash BCH (privacy asap)
Fake Coins - Bitcoin BTC (no privacy), Litecoin LTC (no privacy), Ethereum ETH (no privacy)
Would you like to invest in my ICO? It's a new cryptocurrency called BitCon. BitCon will make you wealthy beyond your wildest dreams and due to the scarcity of cryptocons they will never lose value! Why, I've already purchase my first yacht with BitCon and you can too!
Bitcoin getting too hard to mine? Let's just make up yet another new one! People buying into this stuff have about a 50/50 chance of losing it all... good luck with that. I don't have enough disposable cash to risk it.
Facebook is literally going to be printing its own money, virtual money at least. Sure, we're all familiar with similar schemes like arcade tokens. Corporations create walled gardens where only their currency is accepted. We can even look back in the not-too-distant past before it was commonplace for The Federal Reserve Bank or the Federal Government to be the de facto legitimate currency of the nation. The Federal Government backed the value of its money by gold - the Federal Reserve bank is a fiat currency but its inflation rates are heavily regulated.
How will Facebook regulate the value of their currency? Does it fluctuate with the value of the company? What value does Facebook have beyond stock speculation at this point? Does all that Big Data really sell for that much? Does Facebook really sell that much advertising? What prevents Facebook from building its own walled garden?
I believe he is referring accurately to the people of Jewish descent who control of the federal reserve. The banks they control in turn control fiat currency. Of course, not everyone in those groups is actually Jewish but it may well be true that they hold a controlling position.
Fuck Bitcon.
Fuck Slashtroll.
Fuck you.
I'd rather taxes get the extra, we need to fix our crumbling infrastructure. Private interest in the US are far too short sighted to sacrifice profits for solutions.