>The coins from the other messaging companies are likely to look more like traditional cryptocurrencies, with fluctuating values and a decentralized design that would give users more control.
This doesn't seem right. MobileCoin from Signal is going to be a centralized Stellar network, no? I'd imagine FaceCoin will look similarly centralized.
I mean seriously though. I love how various media platforms ALWAYS talk about Bitcoin as a failure. What? But then again, they only think of “success” as some idea cut from the same cloth as current capitalist alternatives - the very alternatives bitcoin was meant to disrupt. Bitcoin is an incredible success IMO
It will be 10x better in software quality than Bitcoin or Ethereum with 10x better adoption by regulators.
Problem is, it can’t induce a speculative bubble (being a stablecoin), so 99% of the reason to be excited over a cryptocurrency no longer exists with this.
A Facebook coin and "Bitcoin Failed" in the same sentence?! This must be #8918293948192849th "death of Bitcoin" proclamation. The price/value is the least significant feature/advance of what Bitcoin enabled.
Seriously, a Facebook coin now??? After all the recent Facebook's privacy failures and whatnot. I understand they're trying to build a similar ecosystem to what WeChat has in China, but really.
The media is funny, first they hype something, then they trash it - were in reality Bitcoin is just what it is. Some appear at times frustrated or desperate that they can't put a label on it. It's been there for quite a long time now too.
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[ 0.19 ms ] story [ 35.3 ms ] threadThis doesn't seem right. MobileCoin from Signal is going to be a centralized Stellar network, no? I'd imagine FaceCoin will look similarly centralized.
Instead they're creating their own token.
That tells us all we need to know about whether it will be open, distributed or independent.
Problem is, it can’t induce a speculative bubble (being a stablecoin), so 99% of the reason to be excited over a cryptocurrency no longer exists with this.
Seriously, a Facebook coin now??? After all the recent Facebook's privacy failures and whatnot. I understand they're trying to build a similar ecosystem to what WeChat has in China, but really.