- News - The Facebook on Blockchain story - Do they pay for content?
Coinbase David Marcus now with Facebook
Just read this news and wonder what the old people social media network is planning?
picture by Businessinsider
The article at Business Insider talks about
Facebook may be planning its own payments network
What impact does this have for Steemit ??
Love to get some feedback on this and as well your understanding of what is going on
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I'd say fb introducing a crypto would have a positive affect on social crypto sites and Steemit... akin to adding 'legitimacy' to it for the masses.
Good point!
How does this impact Steemit? It doesn’t.
Any speculation as to what this means is purely speculation, funnily enough.
There’s nothing of substance in the article other than signs that Facebook is progressing with their own blockchain project, which is something we’ve known about for a while now.
One thing to consider though, if Facebook were to release their own blockchain and currency, how much trust do you think we’d have in them? My guess is not much. So, those people who moved to decentralised technology for privacy, security and freedom of speech are unlikely to get excited about a company like Facebook moving into this space.
Agree so far.
But does count as well for the „noob crypto masses“ of FB users?
That would be awesome