FACEBOOK DOLLAR..??
Credit: CoinTelegraph
I have just read this article and I thought I would share it with you.
Credit to CoinTelegraph for the contents of the article.
https://cointelegraph.com/news/bitcoins-new-competitor-facebook-obtains-e-money-license-in-europe
Credit: CoinTelegraph
This move by Facebook paves the way towards the "Facebook Dollar" and something I have been talking for months.
STEEM and STEEMIT is no flash in the pan scenario, but the template for the future of Social Media..!!
"Paid-to-Post" Social Media powered by the BLOCKCHAIN combined with individual CryptoCurrencies will soon become the norm..!!
Soon people will wonder how large Institutions have got away without rewarding the Content Providers for so long.
For the ones who havn't yet seen this already you'll love this..!!
The future is not tomorrow, the future was yesterday and STEEM & STEEMIT is the future..!!
STEEM and STEEMIT Rock..!!
Thanks for reading.
Stephen
Wow! This morning I am coming across some great posts like yours. SteemIt is certainly maturing and becoming more and more content driven.
Stephen, very informative post! A pleasure to upvote and resteem this post.
Keep the informative and great posts coming!
Steem on,
Mike
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Thanks Mike I really appreciate the continued support. Stephen
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Nice post. One thing you mentioned is there needs to be an app. There are a few apps but I think the one that is most prominent is esteem. Although it is still young, like steemit, it is being improved all the time.
https://steemit.com/esteem/@good-karma/esteem-android-v1-3-3-released-russian-german-spanish-french-greek-english-languages-submit-story-improvements
I use esteem a bit but I am much more comfortable with using steemit on chrome on my phone as it pretty much works like an app. I just made a shortcut to my steemit home page and open that like I'd open any other app on my phone.
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They will catch up with the masses, but the intelligence will stay here.
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It wouldn't surprise me to hear that Facebook have been knocking on Dan and Ned's door..!! Stephen
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Shared on Twitter✔ for my followers to read and hopefully get a few more to come and join us over here. Stephen
https://twitter.com/StephenPKendal/status/810118984469250049
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Disclaimer: I am just a bot trying to be helpful.
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Very interesting but I am not one bit worried about this move by FB.
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Me neither. If anything it will focus 1.6 billion people into thinking about CryptoCurrencies..!! Thanks for the support I appreciate it. Stephen
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It is very unlikely the EU regulator will allow that. Probably when the first european banks will start with public blockchains , then they will give green light. Maybe they will allow some experiment, if it will grow, they will just stop it.
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Not entirely sure that will be the case. Facebook will soon have their own tradeable CryptoCurrency called the Facebook Dollar. Stephen
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And the regulator will just tap in their shower, saying "now you must pay taxes here", as a Bank. Plus you are under control of the ECB, because you are now a bank, and we can send people to your office to audit your checks and your technologies. Being a Bank, in Europe, means being under supervision of the ECB. This licence allows the ECB to do full review of almost everything.
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There is no need for a Regulator. The Blockchain by definition is Self-Regulating. Stephen
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The regulator exists, is in charge, and can put you in jail, block your company, seize your assets. The fact you believe there is no need of it, is not relevant. Zuckerberg can say he doesn't likes the regulator, but, when Angela Merkel warned him about fake news, in 3 weeks he OBEY the government. Nobody is asked it he needs a regulator: if you have one, you just obey or go in jail.
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Who regulates Bitcoin?.... or Steemit then..!! Stephen
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Whoever government can ask the ISPs to block it, by instance. Not a real issue, the ISP can just NAT or TUNNEL ip64 your block (as UnityMedia is doing for other reasons in Germany, by example) and you will get lot of trouble using any P2P technology. The reason Bitcoin is not regulated doesn't means it is impossible: just means they never did. I worked 15 years into telcos, and I can tell you, when the government asks , ISPs can stop Bitcoin in a couple of weeks. Not even a stressing exercise, is just about traffic shaping. Bitcoin in particular, being mined mostly in China, is quite easy to mess up doing BGP blackhole of some networks. About steemit, regardless of how much you pretend of being decentralized, how many big servers having the full ledger you have? Do you think is that hard to BGP backhole them?
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This should prove interesting given how much people trust (gag) Fakebook!
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Absolutely. This time next year my guess is that a QUARTER of the World's population will know what a CryptoCurrency is. For sure they will know what a Facebook Dollar is..!! Stephen
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STEEM to the MOON! I really don't use Facebook anymore because i dedicate much of my time to Steemit. You can have the best of both worlds but i'm definitely sticking to this platform. About time Facebook values our social contribution! You'll most likely be able to send money across but i don't know how they are going to come close to the possibilities of Steemit. Like you have said, Mark Zuckerberg will most likely call Ned or Dan up to arrange some sort of sweet deal! Steemit Revolution!
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Let's face it now that STEEM and STEEMIT is here Facebook is old hat technology..!! Thanks for the comment. Stephen
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