As with Steem, what would Facebook be getting in the end?
If they bought everything up, the blockchain could be forked and all applications moved over. Thus Facebook would be left holding very little.
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I haven't really thought about what a big company would gain from this. The hypothetical was more about the the theoretical possibility. Maybe in the case of FB they would buy up everything with each new fork just to kill any movement to decentralized platforms? I don't think losing money on such an act would be a big loss for them if it enables them the survival of their own platform.
The inner workings of Hive economics are something I am still fully trying to understand, so it helps to ask these kind of questions.
And then it could be forked again...and again...and again.
It is like Microsoft trying to stamp out versions of Linux...it didnt happen because open source software could be reproduced unlimited numbers of times.
The same with a blockchain. We could for it 100 times if we had to, each time forcing FB to buy everything up. And dont forget, on the open market, with word out what it was trying to do, the price would zoom.
It is more effort than it is worth.
Of course, let us make no mistake, Hive is no threat to Facebook's business model at this time. We are not even on the radar as far as they are concerned.
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Great example. Puts things a bit more into perspective. Sometimes I forget how resilient strong communities can be.
Agreed. While cryptocurrency as a whole and possibly steemit have caught there attention, Hive might still be in the early stages for that.