RE: Meet The World's Next Central Banker: Mark Zuckerberg
I do not see it happening, at least not in the way described.
To start, GE sold off GE Capital because it did not like having to adhere to the onerous using banking laws. Do not forget, any public corporation who deals in financial instruments is now treated as a bank...something GE did not like. I am not sure Zuckerberg is willing to go that route..
Secondly, I cannot see him decentralizing. If that was the case, he gives up control. Facebook is basically an advertising company and decentralizing would put that at risk. Why would he give up all that revenue? More importantly, do you think Wall Street would give that up?
I understand the potential exists to hit Facebook..but, realistically, I am not sure Steemit is much competition. Facebook offers so many more features than Steemit...The steem blockchain might have more but it is still evolving.
Finally, will Zuckerberg open up the code so that innovation can take place? I also find that unlikely. He will not cede that to the general public and putting himself at risk of being forked.
Hence we have a closed, centralized system that is simply called blockchain. Is this any different than what Kodak proposed (albeit FB much bigger than Kodak and more powerful)?
Excellent response. Unless facebook decentralizes, which they will not, then having a FB coin doesn't really do much for them. unless they plan to start paying users for comments and likes, then nothing has really changed. paying users for content makes Steem worth something. FB coin would simply be a novelty coin.
EOS will allow many new alternatives to social media to derail Facebook in superb fashion. coin or no coin, facebook is taking millions from their users by exploiting them with ads. decentralization eliminates the middle man and pays the user directly. decentralization = no more middle man taking profits. facebook is part of a dyeing breed of centralized websites. steem (or future alternatives) will take time to onboard the amount of users that exist on facebook today. zuckerberg can see the writing on the wall and he is threatened by this crypto space in a very large way!