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RE: I Wish Facebook Would Hurry Up And Develop A Cryptocurrency
I am not so sure about this. I agree, that it would help to lower the entry bar for the masses.
But I am not sure where you going with this. You would invest into their token because you think it would surpass Bitcoin quickly. But you also think it would be hacked and destroy Facebook somehow? Wouldn't they have some form of crypto-login then? And you would then start to sell that coin after Facebook gets hacked? Or sit on it?
No, TM is saying that he'd buy a ton of Steem and other cryptocurrencies when Facebook releases it's token. His reasons for this are that it would introduce a tokenised economy to 2B people who then might also find Steem and other blockchain technologies. Basically he's guessing that Facebook would introduce everyone to crypto, and then fail because they'll centralise their token, which is a goldmine for hackers... everyone would then move to decentralised blockchains that are hacker-proof.
Basically Facebook would do all of Steem's advertising for it... by doing crypto terribly.
You summed it up best.