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RE: Will Libra Help Steem, or Hurt it?
Well, IMO, I guess Libracoin will help blockchain & crytocurrencies mass adoption as much as Paypal, Neteller, Payoneer, Payza, Skrill, Advcash and many others in that style. };)
yep, paypal and the likes advanced online payments, remember when that came out at first? ( showing my age now) and the objections and fear of using it
Yeah, I pretty much remember all that when you were just a cute little girl like you are right now. (showing your age and all) :)
But however, I'm not sure if the cynicism of my previous comment went well across with the real message that I wanted to be understood.
I meant, Libracoin would help to real blockchain projects & cryptocurrencies mass adoption as much as the other traditional digital currencies had contributed to the same purpose in the past. That is; zero, zilt, nyet, nothing, nada. ;/
Speaking of showing one’s age: recall the 1990’s with Web 1.0 and we all had HTML homepages, pre-Facebook, pre-Google. And the much-reviled Microsoft had all the same accusations of monopolistic practices as Facebook does now (IMHO both reputations truly earned.)
Microsoft forced (almost) everyone (myself included) who couldn’t plunk down $2k on a Powermac to adopt personal computing and the Internet with their crappy Windows OS and even crappier IE browser. But we can thank them for making mass adoption happen.
Sometimes it takes a big company with deep pockets to move the needle. It’s unfortunate that innovation so often leads to consolidation. That seems to be the price of unfettered capitalism.
Microsoft, although still a major player, seems to have been disrupted by much of the rest of FAMGA, in mobile, search, AI home assistants, etc. Facebook may be headed for a similar decline. But don’t be surprised if history repeats itself, and the next big dog makes the same moves.
The mass adoption is a good thing in the long run, if it happens. Since it’s still centralized, Facebook is more in competition with credit card banks and fiat currencies, IMHO, than with Steemit or even BTC. The price of BTC is (for the moment) still strong, so a rising tide lifts all boats.
It would be nice, however, if tech could get mass adoption and democratization in a more egalitarian way. But I’m not holding my breath. Instead I’ll just hold (hodl?) my coins.