I Wish Facebook Would Hurry Up And Develop A Cryptocurrency
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The day Facebook brings out a token, I hope I have a fair bit of fiat sitting in an account. After the prices are pushed down due to the FUD, I will go on a buying spree. It will be a glorious time.
This might seem counter intuitive to some but I will attest that I am of sound mind. I swear I did not take any narcotics nor have any recent dental surgery. My mind is free of any mind altering substances including the mainstream news.
So why do I make such a proclamation?
Because I honestly feel that Facebook creating a token would be the greatest thing to happen to the cryptocurrency market. We, as an industry, would instantly be transformed.
Yeah but wouldn't this kill STEEM?
Not a chance in hell.
A Facebook token would introduce cryptocurrency to the masses. They have a reported 2B users a month. One of the biggest problems holding this industry back is that we are a long way from mass adoption. The FUD spread by the powers that are is immense. People are completely turned off by Bitcoin and cryptocurrency.
Facebook would change that instantly. Suddenly, cryptocurrency would be viewed in a different light.
The other benefit is that people would start to interact with tokens. This would provide some understanding of what is taking place. With familiarity comes acceptance. Many were scared of the Internet when it first came out. It was overwhelming and too technical. Over time, that perception changed and now we have half the world on the Internet.
So, a Facebook token would greatly aid in the acceptance of this technology.
I believe that if Facebook did this, they would instantly jump to most valuable token by marketcap. They would quickly surpass Bitcoin for the top spot. Facebook would create hundreds of billions of dollars in value almost instantly.
That would be amazing for the Facebook brand. Wall Street would love it. Consider what they have as a closed ecosystem. Bringing out a token would allow them to leverage all the commerce on that platform. It would be a major windfall since it is a centralized, closed system.
And personally, I would be applauding it all. I think it will be nirvana for all of us in the blockchain/cryptocurrency world.
Facebook sitting atop the cryptocurrency market while having their token being used by billions of people.
Do you know what that is called?
A Hacker's Wet Dream!!!!
Can you ponder what the Facebook honey pot would be worth? Think about the numbers thrown around when exchanges got hacked. This will be minimal in comparison to Facebook.
And I can guarantee, every hacker in the world would be tempted by that pie. Besides, it isn't as if Facebook is unfamiliar with being hacked.
Facebook could be responsible for the biggest shift from centralization to decentralization. What do you think would happen to the masses after their accounts are wiped out by a hacker? How does that affect confidence? People are already starting to lose trust with the centralized, digital establishment after so many hacks. This would be the cherry on top.
People in this industry fear Facebook and some of these other entities. They are no threat. Centralization can never stand up to decentralization. We are starting to move into an age where the advantages of decentralization is just too great to pass up. Plus, we are a lot more technical as a society than we were 30 years ago when the Internet was introduced. Finally, the front end interfaces are making it so that individuals operate the same way as they would on a centralized platform.
This is making it a lot easier.
Plus, they do not get hacked like Facebook, Equifax, and the banks do.
Come on Marky Marky...give us a FB token with your mug on it.
Mama needs a new pair of shoes.