Top Social Gainers for Saturday, May 4th, 2019
Here are Saturday's biggest developing stories in crypto based on Santiment's data:
facebook (514+ mentions)
Facebook reportedly have been working for over a year now on a cryptocurrency based payment system, with its own stablecoin.
Code-named "Project Libra", it'll will allow Facebook users to transfer the stablecoin to each other, use it as payments within Facebook and other merchants. Facebook is also gathering funding of around $1 billion from various financial giants (including Visa and Mastercard) and partnering with merchants for the launch.
- Facebook finds another way to steal your information under the guise of "caring" about your privacy.
- Facebook in the business of shitcoins. Who would have thought?!
- I think this idea will possibly backfire on Facebook. When they launch, many people will simply buy Bitcoin with FBcoin without advertising it.
- The only possible good use could be as a fiat on-ramp if you can trade those tokens for real crypto on other exchanges. There are a lot of sheep that use Facebook.
xor (18+ mentions)
A curious question by Reddit user u/dipper116_ on r/crypto sees a nice discussion around whether encryption is all about XOR at the end of the day.
You can read more about what XOR is here.
milo (38+ mentions)
Controversial alt-right personality Milo Yiannopoulos has had his Coinbase account banned within three minutes of opening it.
r/bitcoin soon responds to the ban in this post that gained 109 upvotes and 225 comments, with most criticizing Coinbase's actions against free speech and how they won't use Coinbase.
- If you like bitcoin, you should be against this BULLSHIT.
- You're a dumb fuck if you're using coinbase anyway.
- I don’t care for Milo I think he is a loud mouth slug troll buffoon . I dislike Coinbase more.
- A centralised exchange can do whatever the fuck they want. It's their service, they make the rules. Don't like it? Don't play.
There are a few repeating keywords like btc and alts you can read more about them in the previous insight here.
As always, head over to our Social Trends page for the latest updates.