RE: Facebook Integration of Litecoin - Speculation at it's Best!
Thank you for sharing this! Personally, I think that people are over estimating what Facebook can do at the moment. Facebook are under scrutiny from a multitude of political bodies in terms of becoming more regulated - they may be a centralised platform, but they have a lot of data issues and more, so they will not be creating their own cryptocurrency any time soon in my opinion, as that would impose more regulations.
I also can't imagine them integrating with any cryptocurrencies until the market becomes more regulated - they do not want to risk the reputation of their platform by full on integrating a cryptocurrency. I could imagine them starting out by integrating blockchain games, like some simple Ethereum games - their developers could easily build some really cool Ethereum based games. This would be an easy way for them to test the water with cryptocurrencies, without diving right in!
Thanks again for sharing, would really appreciate your feedback on my posts.
What better way for regulators to keep track of crypto than Facebook?
How so? It doesn't provide a tracking mechanism, all it would do is track data running through Facebook - and if Facebook did get to integration level tech, it would be decentralised to gain support of the community.
facebook could allow you to connect a litecoin wallet to your messenger app... then they would have perfect records of all the litecoin sent amongst users...
Firstly, I can't imagine ltc agreeing to this. Secondly, third party pairing via a messenger API would not give Facebook these records. If all they wanted was transactions, they could simply download the public blockchain - all transactions are public anyway. Facebook also couldn't do this due to the aforementioned regulatory issues - hope this clears things up for you :)
Sounds like you know better than I