FB to announce crypto$, allow employees to take it as salary

[Ifreann]

This is basically a new form of stock options. Ain't nothing wrong with it.

This is basically a new form of company scrip and it is definitely bad.

---

Well Facebook benefited from Metcalfe's Law and Uber is basically a scam.

Yet people saying that only they have people pay them for being transpored is not a scam?

...what?

[Communist Zombie Horde]

Why are people so angry at Facebook making business decisions?

[Petrolheadia]

This is basically a new form of stock options. Ain't nothing wrong with it.

This is basically a new form of company scrip and it is definitely bad.

Do you know what company scrip is?

[Ifreann]

This is basically a new form of company scrip and it is definitely bad.

Do you know what company scrip is?

An alternative currency issued by a company for use in their company store.

Who do you think is going to accept these Facebucks? Facebook, and no one else.

[Cekoviu]

Why are people so angry at Facebook making business decisions?

I'm pretty sure you've been pissed when they and other social media platforms make the smart business decision to ban Nazis.

[Petrolheadia]

Do you know what company scrip is?

An alternative currency issued by a company for use in their company store.

Who do you think is going to accept these Facebucks? Facebook, and no one else.

For what? Their services are mostly free.

[US-SSR]

Because the company that can't be trusted not to harvest and sell your friends' friends' data is a good choice to trust with your monetary system.

[Ethel mermania]

Do you know what company scrip is?

An alternative currency issued by a company for use in their company store.

Who do you think is going to accept these Facebucks? Facebook, and no one else.

Or anyone who sells through Facebook, buys ads on Facebook, or pays for other services from facebook.

[The South Falls]

BITCONNNEEEECCCTTTTTT

And anyway, Facebook will just set up a company store and avoid paying its workers actual salaries.

[Novus America]

Uber has never made a profit.
It lives off borrowing money it will never repay.
The reason we created artificial scarcity in taxi driving is that because Taxi driving has no real barriers to entry, is essentially fungible and the supply is naturally, effectively limitless it is not a sustainable business absent government regulation.

In other words, regulate taxi drivers so those who are already in can profit.

Sounds like a cartel.

It is, but in that business necessary as they only did it after non regulated taxis failed.
In rare cases a cartel is needed.

[Bear Stearns]

Why didn't they call it Facebucks

[Bear Stearns]

Yet people saying that only they have people pay them for being transpored is not a scam?

Uber has never made a profit.
It lives off borrowing money it will never repay.
The reason we created artificial scarcity in taxi driving is that because Taxi driving has no real barriers to entry, is essentially fungible and the supply is naturally, effectively limitless it is not a sustainable business absent government regulation.

Who cares? It's obvious taxis were overregulated and it just became a racket for city governments.

[Bear Stearns]

In other words, regulate taxi drivers so those who are already in can profit.

Sounds like a cartel.

It is, but in that business necessary as they only did it after non regulated taxis failed.
In rare cases a cartel is needed.

Non-regulated taxis didn't fail, they were forced out by the government.

[Novus America]

Uber has never made a profit.
It lives off borrowing money it will never repay.
The reason we created artificial scarcity in taxi driving is that because Taxi driving has no real barriers to entry, is essentially fungible and the supply is naturally, effectively limitless it is not a sustainable business absent government regulation.

Who cares? It's obvious taxis were overregulated and it just became a racket for city governments.

Because there would then be no taxis at all.

[Bear Stearns]

Why are people so angry at Facebook making business decisions?

Because tech and media companies are inherently evil.

[Bear Stearns]

Who cares? It's obvious taxis were overregulated and it just became a racket for city governments.

Because there would then be no taxis at all.

They'd exist where the service is demanded.

[Bear Stearns]

This is basically a new form of stock options. Ain't nothing wrong with it.

Except the "strike price" for these options has no real market price to be compared with. Where would you even trade facebucks?

[Ethel mermania]

This is basically a new form of stock options. Ain't nothing wrong with it.

Except the "strike price" for these options has no real market price to be compared with. Where would you even trade facebucks?

On a Facebook backed exchange of course.

[The South Falls]

This is basically a new form of stock options. Ain't nothing wrong with it.

Except the "strike price" for these options has no real market price to be compared with. Where would you even trade facebucks?

In the landfill.

[The Blaatschapen]

Except the "strike price" for these options has no real market price to be compared with. Where would you even trade facebucks?

On a Facebook backed exchange of course.

So on Facebook Wall Street.

[The South Falls]

On a Facebook backed exchange of course.

So on Facebook Wall Street.

But no dollars. Just fakebucks.

[Bear Stearns]

Except the "strike price" for these options has no real market price to be compared with. Where would you even trade facebucks?

On a Facebook backed exchange of course.

There is something called self-dealing and it is a massive FINRA violation that will likely result in criminal charges.

[The Liberated Territories]

Worthless.

Just pay them in bitcoin already!

[Ethel mermania]

On a Facebook backed exchange of course.

So on Facebook Wall Street.

In a manner of speaking.

[Novus America]

Because there would then be no taxis at all.

They'd exist where the service is demanded.

Well they would go through catastrophic boom bust cycles even then.