I agree with you.
more like, companies work with coins like Litecoin and Ripple to learn blockchain, but in the end, why would they adopt someone else's when they can just create their own and control price fluctuations. because, as Ripple shows, banks and companies can't give two shits about decentralization they just like blockchain ledgers.
that said, Facebook is desperate to bring people back to FB so 'cryptos' are a great way to do that.
to quote Social Network, on why people will use FB
MARK "These two things are what drive life at college. Are you having sex or aren't you. It's why people take certain classes, sitwhere they sit, go where they go, do what they do, and at its, um, center,you know, that's what theFacebook is gonna be about, People are gonna log on because after all the cake and watermelon there's a chance they're gonna-
EDUARDO --meet a girl.
MARK --get laid. Yes.
Replace LAID with PAID, and you got Facebook's second wave.
That, and to quote another classic, "Never underestimate the greed of the other guy." In this case, greed to be more important to socio-political culture.
Mark needs Facebook to have another Web 2.0 moment -- a 3.0 moment -- usher in some new wave of tech. It's why he invests in VR, AI, Cryptos, too. He wants to be seen as a Steve Jobs (who came back and changed how society uses tech a second time with the iPod and iTunes and a third time with the iPhone): not just a one-hit-wonder (creating social media) but show that he can do it again (being seen as the 'Apple of VR' or the 'Apple of Cryptos).
And why? He wants to be President
Because he has political ambitions, and he doesn't want, in 10 years, Facebook then to be as relevant as MySpace is today. He needs to continue to be on the forefront of something that has social impact.
Again, enter virtual reality, AI, cryptos, etc. And he'll bet the farm on it because if he doesn't succeed, either way he loses -- either Facebook dies a slow death or because he died on the wrong tech. The only path forward to still being relevant in 10 years is through VR, AI
thanks for sharing @zer0hedge
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