Cryptosocial by Allen Taylor

Author:Allen Taylor [Taylor, Allen]
Language: eng
Format: epub
ISBN: 9781637421833
Publisher: Business Expert
Published: 2022-02-24T00:00:00+00:00

Analyzing what these four key changes mean is beyond the scope of this chapter; however, it’s important to point out that Facebook’s Diem would still have a real-world impact if it survived, which is looking less likely by the day. In fact, Bloomberg reported in late January 2022 that Diem is looking to sell its assets and return capital back to its investors.16

So, I circle back to my initial question. What would Facebook look like today if it had launched out of the gate with a cryptocurrency?

Meet Facebit: The Cryptocurrency You Should Have Had

It’s not difficult to imagine what Facebook might look like today if a cryptocurrency had been embedded in the business plan from the beginning. The only thing that might have changed is the underlying technology of the platform and whatever effects that would have on user experience. Otherwise, Facebook could theoretically operate much the same way it does today with the added benefit to users that they could earn cryptocurrency from the content they post on the website.

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