Facebook Coin Closer to Reality
Facebook and Chainspace are all over the news. What could possibly become of this union? Is there a Facebook coin on the near horizon? How will this impact the crypto future?
Lots of questions and as you can imagine there are pundits on both sides of the fence. But let me ask you, would in you invest in a cryptocurrency from Facebook? Well, that is not really a fair question. At this point, we have no idea how it will be structured. Would a Facebook coin be centralized, decentralized or a hybrid?
Facebook has a huge influence throughout the world. And so does Google and a few others. Google coin? It is not inconceivable that a coin from a major corporation could become the largest cryptocurrency in the world. And, what about decentralized applications. So much to think about.
Like many others, I'm curious if a Facebook, or any large corporation for that matter, will opensource their codebase. While there are valid rationals for open and private, think XRP. Large corporations profit models are not currently built on opensource decentralized processes.
Corporate success will undoubtedly be predicated on the perceived value by the masses. In particular, if people see how to make money or see an intrinsic value, corporate coins may catch on. It truly is a wild west show where almost anything goes. So it is best to be prepared to do your own research on each offering.
Final thought. Facebook, Google, and others have consumer bases that can turn hundreds of thousands of new converts to crypto literally overnight. While there is the trickle-down effect that may benefit the crypto space in general, what will this brave new world look like? We can only wait and see. What do you think?
Facebook coin sounds a lot like Pied Piper coin. :)
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OMG, @jmjury, I thought you were making an analogy. But it turns out there is a Pied Piper Coin, http://piedpipercoins.com/. Learn something new every day. Thank you!
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Really???
True😂😂😂... You've been watching too much Silicon valley
A Facebook coin would be the biggest ICO ever!
Marketing will do its job and #Facebook coin will be liquid for some time
Until the moment when they start changing the rules - and then everyone will run away - #bitcoin and #steem will eventually remain. -)
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Hi, @russia-btc. I agree that Facebook marketing is top of the line, perhaps only bested by Google. So, it is likely that a "Face Coin" would last for a while.
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HI - Yes, I agree - It's like TRON - while PR works, the coin lives - then peak to zero
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Facebook is too centralised...they will make a mess with blockchain
The general consensus is just that, too centralized and does not fit current business model. That said, it is possible that Facebook could adapt with a new model that incorporates some decentralization.
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This would make huge ripples in the crypto industry. Interested to see how it would play out. Great content BTW, Keep it up!
Thank you @the.success.club. I agree with your assessment that there would be repercussions. Although many believe it will eventurally bounce back.
Good information @guysellars
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Thank you @rajan1995. There are so many questions if this were to happen.
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I guess its good news for crypto world because adaption is slowly beginning to explode and will eventually be as huge as the universe.
This is exciting!
This is interesting I wonder whether it will kick off
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That's a very good news