Well, they could make it anonymous, but not likely decentralised. Unless they literally just made a legit crypto with a premine to benefit themselves & gave all of their users a wallet by default, but I doubt they’d go for that.
Just playing with the concept, but if Facebook found a way to create a currency that it controlled or uniquely benefited from, and get to its over 1bn users, it could certainly be quite influential.
I agree though - Facebook won’t last forever. Social media network effects need to be a thing of the past by giving the network back to the people who can choose between various front ends. I hope the Safe network can enable this before long!
This is what Ted Livingston is trying to accomplish with KIN. I was skeptical at first but the philosophy he preaches is trying to unite all the digital service underdogs who cant compete with FB.
They will announce partners Q1 Im excited to see who gets in. Clock is ticking.
It would definitely be an interesting experiment. So far, the relevant crypto projects always had a core of developers and a small following at the beginning. They grew in accordance with its actual relevance / utility. And the core was always a bunch of intelligent and creative folks. That’s why I think some of these projects survive all those ups and downs and the roller coaster ride, even a quick buck (because for the developers, it’s never really that quick).
On the other hand, FB is this behemoth with so many users, many of whom are, to say it honestly, dipshits. I personally know plenty of smart people who were there when it started – and haven’t been there for ages.
One has to wonder how this giant virtual organism would react if you threw huge money on all of its cells. If it lasted though, at least for the while it did, Mark would be arguably the most powerful man on Earth. Which brings us to another question.
Governments. Facebook with a functional currency system would have the real chance at becoming the true first full-fledged internet economy as well. It’s no longer an academic asylum. You have bakers and plumbers and baby-sitters there. Would governments agree? I mean, it’s pretty easy to ban FB.
If FB tried Blockchain currency it would drastically contrast the SAFE Net, pointing out that SAFE Net is a real alternative platform for those sick and tired of the FB scam. And then: watch SAFE Net grow!
Hmhmm - there will be the need for someone paying for the account data probably - but maybe there will be an option to invite people and pay for their account…?
if you only need to pay for the storage space for the account itself i guess there might be some people willing to pay the 0.00001 safecoin for the account creation of a friend (or maybe even only the guy i met in a bar)
ps: okay - of course an account with zero funding isn’t of too much use … but it might be enough to have a receiver-address for buying additional funds on some exchange / load the account through in-app-payments of my android app allowing that …
i saw that - but i don’t see where that number comes from (assuming divisibility will be enabled with launch) …
edit: maybe it would be difficult to implement a new account creation just for itself with a fraction of a coin … but with someone “vouching for you” that might not be necessary … but of course a shot in the blue … because safecoin isn’t implemented yet
hmhmmm - right - thats why googlemail died before it had a chance to really get the feet of the ground … that invitation-only thing was clearly a mistake
Gmail’s beta started with invitation only, just like many projects in beta state (including this one to some degree) but I don’t think Google actually did. Correct me if I’m wrong. By the time SafeCoin arrives this project will be out of beta state.
don’t know how long they did it - i just thought that this invite-thing made people want to be part of it and created some buzz around those early google accounts … anyway - attaching a certain value to an account doesn’t need to be a bad thing imo … and i just suggested the vouching-thing as an alternative to force everyone to get some coin through an exchange to be able to create an account …
… that invitation-only thing was clearly a mistake