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by insulanus 2466 days ago
> Facebook promises to encourage dealing in their coin and airline would frown on that. Not much difference otherwise.

Not much difference except it is controlled by one of the most powerful, and richest companies on the planet, with the most data on everyone, ever compiled. That if you are a member, knows you likes, dislikes, politics, sexual preferences, entire social network, where you live, when you get home, where you go, whether or not your like your friends. That has a bigger market cap than the annual GDP of small countries, that competes in local marketplaces, could easily take on and possibly wipe out craigslist, ebay, and more, and could conceivably beat entire national currencies in capitalization, reserves, convenience, and ease of use, thus supplanting the currency of entire small nations.

Yeah, pretty much the same thing as airline miles.

1 comments

In your exercise in sarcasm you did almost everything except one thing - you somehow forgot to point out where the difference is. Yes, Facebook has a lot of data. And so? How that makes Facebook issuing crypto-tokens dangerous? If you consider the data volume Facebook has a problem, what does this have to do with the currency?