RE: Facebook is "tied" to the chain with Libra
Hi @fucho80
Thanks for Sharing the post link through memo. I have gone through the post about Facebook Libra coin. Libra has been in the news since last few in the world of cryptocurrencies but still I didn't see any official detailed information from Facebook side. Based on the expert views- some says it's not going to be decentralised and will not have a good future because crypto Community demands decentralisation first. Some even say this can be a competition to exisiting social media platforms which are based on blockchain.
I have different view on this and that's my own view which can wrong either. I am happy that bow atleast realised that crytpo is nee form of currency and staying away will not help them anyway. I remember a year back they stop showing crytpo ads in their platform but they won't do as they're also entering in this. Even if they create something which will be under their control they must have thought all pros and cons of it being a giant in social media as per the current userbase.
I also don't see any competition to Steemit because both have different kind of authors and audience. In steem we have unique content while with Facebook its not like that and even I am not sure if Facebook is going to pay any share of their earnings to content creators.
Things are yet to unfolded and let's wait to see what will come out in future from the Facebook cryptocurrency team.
Indeed a nice topic dear friend and thanks again for sharing it with me. Have a great day
@fucho80
hi my dear @alokkumar121 thanks for coming.
From what is seen and the opinion of some experts that I have read, this project will not be completely decentralized, which represents a disadvantage for the people and for the same project itself, because as we know one of the most attractive features of Decentralization is blockchain, although we must still wait.
Totally in agreement with you, for that reason I make it very clear that there are very marked differences of public, creators and style, which does not present them as rivals. I also think that now the monetization of the ceradores in facebook regarding the implementation of rewards like steemit is not raised. Although I think that in the future, if the currency is successful, it is possible that they do so.
That's just my opinion and I do not consider myself an expert.
Thanks for sharing this great comment.