BItcoin is trying to Bounce back, Binance is down for "Maintenance", and the SEC doesn't give a shit about crypto right now (Thank you stock market).
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“After nearly four unbelievably rewarding years leading Messenger, I have decided it was time for me to take on a new challenge,” Marcus said in a Facebook post. “I’m setting up a small group to explore how to best leverage Blockchain across Facebook, starting from scratch.” And that was it. Since then, no official plans have been announced for a technology that some say could threaten Facebook’s role as a kingpin of a the centralized online ecosystem. However, Cheddar reported that Facebook could develop its own cryptocurrency, something messaging app rival Kik did a year ago as a way to better compete with Facebook. And while it’s unclear whether Facebook will create a FaceCoin or something altogether different, many are curious what it might mean for blockchain-focused companies and the rest of the internet.
Here's What Facebook Might Be Exploring When It Comes to Blockchain Technology
Some early players weigh in.
Adweek - Marty Swant
Cryptocurrencies now are being crafted and tailored to meet specific cyber resource needs. Filecoin uses coins as cooperation incentives for a Dropbox-like decentralized storage system. Ethereum uses coins for decentralized computational power. AXE* uses coins as cooperation incentives for decentralized bandwidth. Are you seeing the theme? The heart of the crypto crowd is to replace biased, and sometimes downright unethical, governing third-parties with unwavering algorithms and ledgers that every peer gets to watch. Everyone is a watchman. Ancient Greece’s vision for democracy realized in the electronic economic realm.
Game of Coins: The Behavioral Economics of Crypto – Hacker Noon
It’s a basic principle of human behavior that people are more cooperative when eyes are watching. I mean this literally and figuratively…
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