Facebook vs Ripple

[Edd]

what do you think about facebook compete ripple on cross board payments?

https://ethereumworldnews.com/facebook-to-compete-with-ripple-xrp-on-cross-border-payment/

 

 

[panmores]

Not sure corporate and enterprise and serious money would trust Facebook to handle any of their finances...

On the contrary, great to see how Ripple is inspiring Facebook.

Worth a try to pay Mark Zuckerberg some enlightening visit by Ripple's top folks (if it didn't happen already).

[Guest]

Unsurprisingly, Teflon Zuckerberg wants a slice of the action.
Agree that the big money wouldn't touch it with a barge pole but the little people (of which I am one) will get sucked in (which thankfully, I will not). 

[GiddyUp]

You have to pay attention to an organization as large as Facebook, but isn't it a little late in the game to be "exploring" the technology? The tech is pretty advanced for newcomers to jump in, yes? I'd sure like to hear from some of our technical savants on this...

"Marcus is now in charge of everything blockchain in the firm. He’s to set up a group of who will explore blockchain opportunities across Facebook."

“After nearly four unbelievably rewarding years leading Messenger, I have decided it was time for me to take on a new challenge. I’m setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch,” Marcus said in a Facebook post.

[henne111]

Why should I entrust Mark Zuckerberg with my payment transactions? If I have ripple.

[DariStar]

FB has only hired 12 people for their blockchain team there is no official news about them creating their own crypto. Hiring blockchain related individuals is very common in fincance space right now just like hiring internet related people was at dot com era. 

[Sarnos]

Yea u gotta show the public youre forward thinking even if you do **** in this space

Edited May 12, 2018 by Sarnos

[tulo]

The best scenario would be Facebook buying Ripple and use Ripple's software integrated in messenger.

[zenkert]

1 hour ago, tulo said:

The best scenario would be Facebook buying Ripple and use Ripple's software integrated in messenger.

No-No-No!

[xh3b4sd]

I do not see FB getting anywhere on its own and at the end it is ILP they are hooking up with because this will be the global standard and nothing else. Then XRP can compete and show off. This here is not a thread, it is evidence of the ecosystem flourishing as we intent it to do. 

[Guest]

2 hours ago, tulo said:

The best scenario would be Facebook buying Ripple and use Ripple's software integrated in messenger.

*worst*

[Guest]

Not going to happen.

[Riseup]

1: didn't fb ban crypto ads? now we know why...why would giant help produce other giants when it they can make their own crypto (same go for google, or amazon, or apple). dream on if you think they will use some other crpyto which aint their own

2: when i mentioned 2-3 month ago my fear that we count to much on big names to use xrp (not ripple), i said:
If i put my self into big guys shoes i would think i am rich i got shitload of money, why the hell would i help make other super rich, i rather try on my own
And some "1000 post" people on this forum responded with "dont worry ripple is miles ahead, its like, why didnt someone copy apple or amazon? because they were miles ahead"
but copy crypto is totally different then copy process or making goods, or online shopping...copy crpto is easy compared to other business (that is why we have shitload of cryptos because every....no phun intended...idiot can make their own crypto)

so yeah....stuff big guys getting in with their own...make me uneasy
but if it happens, i would defiently buy something little...fomo would kick in

 

[Sarnos]

5 minutes ago, Riseup said:

1: didn't fb ban crypto ads? now we know why...why would giant help produce other giants when it they can make their own crypto (same go for google, or amazon, or apple). dream on if you think they will use some other crpyto which aint their own

2: when i mentioned 2-3 month ago my fear that we count to much on big names to use xrp (not ripple), i said:
If i put my self into big guys shoes i would think i am rich i got shitload of money, why the hell would i help make other super rich, i rather try on my own
And some "1000 post" people on this forum responded with "dont worry ripple is miles ahead, its like, why didnt someone copy apple or amazon? because they were miles ahead"
but copy crypto is totally different then copy process or making goods, or online shopping...copy crpto is easy compared to other business (that is why we have shitload of cryptos because every....no phun intended...idiot can make their own crypto)

so yeah....stuff big guys getting in with their own...make me uneasy
but if it happens, i would defiently buy something little...fomo would kick in

 

The question is are those going to be DLT which anyone can you or are they going to be limited to only people big companys allow to which wouldnt make much sense and most important can we trust these companys making software which is reliable and sustainable looking at BTC with the incentive of the community paying miners to keeping their chain going and of course always the risk of a 51% attack if some party sees it profitable doing so.

Do not imagine this being an easy process choosing how to create a Crypto currency with a DLT that any party can trust we are quite lucky having the XRPL where TX can only be delayed and not completely altered this is what makes the XRPL a lot more attractive to FI than using the BTC ledger where there is always a risk of fallout.

[GiddyUp]

Facebook may be spreading the peanut butter too thin