I was just talking to my friend about this last night. The understanding of what a blockchain is is where most people fall short of understanding cryptocurrency.
The true value comes from the fact the token is there and we control it.
In my opinion, all he is going to do is build a big, enticing honey pot that will be the gold mine for people who are willing to put in the work to acquire it.
Great post. Facebooks problem is going to be the blockchain Facebook that pops up over the years. When phones get made on the blockchain and start getting filtered into the population it will all start changing the game.
Then again, it may not even be phones, Augmented reality could be further along by the time this happens and we could be seeing a connection between our bodies and our blockchain links.
Now that is going to be some next level implementation.
Another very valuable aspect to this is that any developer in the world can take the code, create whatever he or she wants to, and attach it to the blockchain. This sends the innovation curve through the roof. Facebook, no matter how it structures things, without a decentralized blockchain, will always have some type of approval process. Plus, most of the programming is going to be done by Facebook employees since all the code isnt going to be out there for all to see.
This takes the innovation and sends it downward.
Totally. You can see the way this has been implemented across the Steem blockchain. Created so many avenues for growth and diversity.
And we are only at the beginning...6 months from now, I am sure there will be many other projects on this blockchain. There might be a few more tokens like Appics, etc....plus other apps could be developed.
Is there someone working on a Steem based facebook? Perhaps so.....
It wouldnt be so far out of the question....