This text paints a reasonably fascinating image of the place Fb may be headed within the crypto and funds route and it is written by somebody with a bunch of expertise in that house and based mostly on an already demonstrated playbook.

However the opening premise about not having the ability to ship adverts in a non-public channel and protect privateness – nicely clearly BAT has an answer for that. It lets their customers do stuff privately and nonetheless profit from an ad-driven content material eco-system, if that’s what they need. And naturally BAT is a token already, one that may have actual utility within the system and therefore worth in its personal proper.

So may BAT energy a messaging platform too? May BAT monetize personal communications channels? May BAT additionally turn into a cost channel? Positive it may. Will it? Mmmmm, I someway doubt that’s on the forefront of their plans for the time being.

I additionally assume having a secure coin has worth – it is complicated for customers to have each, however truly offers publishers a option to “money out” with out truly “cashing out”. I noticed that within the Steemit neighborhood the place posts earned STEEM which was a floating worth token, however they might additionally convert it to the Steem Greenback which was a greenback semi-pegged secure coin of supply – it truly many instances turned value greater than $1 on account of extreme demand however very not often much less. So an amazing man folks may simply convert their STEEM earnings to one thing extra secure and never take it out of the system, or at the least delay that call which helped the financial system.

The article means that Fb will begin with a stablecoin after which simply let that turn into its personal de-facto forex to the purpose the place it’s so ubiquitous everyone seems to be utilizing it and Fb “owns” it and has no want for precise {dollars}. Identical to we now not have an actual want for actual gold as a reserve (and I ought to level out that solely 3% of all of the gold is required for something actual in any respect, we are able to mine the whole lot we want with out the $50T sitting unused in financial institution vaults).

However… I believe folks ought to learn a bit about fashionable financial concept that posits that it’s governments who create cash by saying what is appropriate to pay your taxes in. If the IRS in the future begins taking funds in Facecoins – or as I’d name them “Zuckerbucks” – you may know Fb have gained the forex battle, at the least within the US.

​

[https://medium.com/@tedlivingston/facebook-isnt-going-after-bitcoin-it-s-going-after-the-dollar-a6bd1f68f058](https://medium.com/@tedlivingston/facebook-isnt-going-after-bitcoin-it-s-going-after-the-dollar-a6bd1f68f058)

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