While I can see its merit for Facebook and the centralisation of the web by merging eCommerce with social media I feel like there comes a point where we have to say how much are we willing to give up to a private company for the sake of convenience.
We already have Google and Facebook centralising web traffic and choking off independents through really no fault of their own. Perhaps it does bring mass adoption and people eventually migrate to decentralised alternatives, we don't know.
Never the less an interesting development
I agree. In my opinion Facebook has overstepped its borders when it comes to using customer data. However, they don't force me to use it. So anyone can close their FB account, no big deal. The point is that most people are just happy the way it is for them using FB; and they will enjoy cheap and instant transactions. And I am also pretty happy the way it is for me not using Facebook, and using Google and other cloud providers / data aggregators as little as possible 😃. Free world.
I think this will be revolutionary. Following the footsteps of Facebook, a lot of other digital companies will also try to do the same - introduce their own crypto tokens and there will be a massive boom in the crypto market.
Imagine what giants like Google and Amazon could do if they create their own tokens. It might even come to a point where crypto becomes the new norm for everyday transactions.
This could be the start to those sci-fi futures that we all imagine. When looking at the grand scheme of things, this is still a baby step, but a step nonetheless. What do you think?
Well, A long time ago I created an account on facebook when it was fashionable. But it didn't call my attention. Even when I closed my account, as you indicate, 6 months later, my data was still in their database. Are you sure they will erase your data?
Today I had to create an account again at FB for work reasons. Sometimes I am afraid to hear the phrase: "they don't force to use it". Do they?