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RE: A Dystopian Vision of Facebooks Global Coin

in #art5 years ago

Oooh this is interesting indeed. The idea you point out about de-platforming and then users losing access to their account/currency is a scary power for FB to wield

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Yea, they are already too big and powerful, this if done right could make them rival governments in power.

Absolutely.
They could possibly have a Facebook Premium service that is available to those who only hold a certain amount of their coin. Perhaps its premium because there are no direct adverts - but you hold their coin.
But still have a basic ad-riddled version for the rest of us who don’t want to buy in. Dunno. There’s so many possibilities of things they could do to leverage crypto for their own power

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Yea, I hadn't even thought of a premium service, that's another way they could monetize this.

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