Mark Zuckerberg mentioned researching cryptocurrencies in his recent post. My bet is that someone mentioned him about Steemit and how fast it is growing and potentially can disrupt what Facebook is doing.
Also interesting read and point of view here.
In my opinion, Facebook will try to incorporate cryptocurrencies but they still won't get decentralization that is the core of all blockchains.
I see them having some sort of tokens for loyalties or games/apps within Facebook. But it would be great to see them join up with Steem community and create FB SMT on top of Steem.
Do you think SMT (Smart Media Token) is good fit for Facebook?
How do you see them utilize cryptocurrencies?
You can bet all the media will get behind his revolutionary idea and there will be no reference to Steemit . Scumbags
Zuckerberg is on the wrong side in this epic battle of good vs. evil.
I really doubt it, cryptocurrency is a big risk and they already have a very profitable business turning facebook into something like steemit would only make sense if steemit was becoming a huge competitor that was taking away their customers. At this point, it is nowhere near enough popular to even be noticed by facebook.
Interesting enough is your opinion. However, may I offer that, based on your last sentence, the best time to prepare for a flood, is before the flood occurs. I'm no guru, but (and forgive the pun) if Steemit is causing ripples in the water, I'd start my programming now than wait to be inundated by a mass exodus.
It really does change the business model and paid for algorithmic advertising. When we share the knowledge of what's possible, the flood gates will burst.
...And it's already started. :-)
I don't doubt that they have a lot of plans for all kinds of eventualities, but until the crypto space becomes even more mainstream, I doubt facebook could win over the market in this department.
I agree 100% with you on that one.
I struggle to see how this could add value to Facebook. They want to earn the money for the content and data themselves...
If facebook will have its own crypto coin, what will be the name of it. I guess zuckercoin would be fine ;)
Facebucks
Nice post! I hope Facebook will also enter the crypto world. It will sure make the crypto industry a more pleasant place to invest with.
Betting on this type of currency would be a great step forward for all because the great popularity that Facebook already has worldwide would be a great boost for the rest of the world to think about using it.
A cryptocurrency controlled by a single corporation does not make any sense.
But honestly, I don´t quite see FB adding its own currency. I mean if they would do this and there currency would be dumped that could have some troubling consequences for them.
Like Steem with SBD, they would need to back their currency with some service, as without there would not be a need for a currency on Facebook.
But I guess these guys are more experienced in economics then I am, so they will find something clever.
Doubtful the likes of Mark Zuckerberg has any fears of steemit as a competitive model, as they serve very different purposes (publication vs. social media) . Although the fact this post, which in all due respect is nothing more than a copy and paste of his words (no researched, point of opinion, nada) has gained considerable votes and monetary value ($250 to date). Just goes to show our beautiful platform is quickly spirally into nothing more than a re-post venue.
If facebook enters into the cryptocurrency world, then the market capitalization of cryptocurrencies will grow like rocket. Thanks sharing this informative post. Happy new year to you and your family.
Have a great day and stay blessed.
True dat @chireerocks
Thank you. ☺
Very nice post?
It will be great
Very good news
Very interesting development
@ankavatar true dat..kindly follow back and upvote
Facebook has a lot of fame and is heavily involved, but there is no profit or material gain. But Stemit has a material and moral benefit and has a great future
Well not the first ones and not the last apparently. With amount of notifications recently about new players entering the game it might end either good or very bad.
Steemians..big question is where would our loyalties lie.. given this is incorporated on FB?
Would we stay put on the platform that started it all?
Wow... hate to say this but it's gonna get crazy...
I tot about that too..but lets be optimistic about it..nice profile..kindly follow and upvote
Thanks..will do!
So Zuckerberg gets in Copy cat mode…seems like deja vu 🤨
And VK with OK copy FB and Steem)))
I think if Facebook enters the crypto world it will change alot
This would be amazing! Resteemed!
This can be a nice concept development....thanks for your acquaintance...
I am super excited about this..thanks for the post
It is nice initiative more so to in the developing and third world countries like mine i.e Uganda,where people are not yet aware of the cryptocurrency technologies but they adopted Facebook.People here in Uganda spend a lot of time on Facebook but not used profitably apart from making lengthy charts without any idea of being rewarded.
it is very interesting dear thanks for sharing hope ilearn from you i follow you and upvote you thanks
If they do it will kill steemit... Assuming they will adopt this platform into thier algorithm
I hope not hoax..good post
Facebook always ahead from other social media.Great work Zuckerberg.
Even amazon will be joining the crypto race soon. because amazon has recently bought 3 domain names.
i love steamit
steemit meilleur que fb
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Facebucks: for Tipping and Gaming, and just maybe a full-fledged crypto that you can buy stuff from Facebook advertisers with at a discount...
Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @good-karma valued at 242.14 SBD, based on the pending payout at the time the data was extracted.
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sanat!! Thank you, your Post.
Let's be real, Facebook are never in a million years launching a SMT. They might add some superficial pseudo virtual currency, but they are not going be dealing with proper blockchains. They profit from centralization, not decentralization. Zuck can talk all he want about mission strangeness and ideals, but his company is optimizing is behavior only for profit and user engagement. I've also written a post explaining why I think this is the case it you want to lean more details about my reasoning.
you cant beat them, join them lol