Facebook’s blockchain experiment is positive for the industry
While Facebook’s decentralisation experiments might have raised eyebrows for some, Ralph Vugts argues that the tech giant’s move is actually a good thing for the industry.
The recent explosion in blockchain and cryptocurrencies like Bitcoin and the thousands of knock-offs that followed, all promising to be the next big thing and to essentially make you rich, are all driven by one thing: pure greed.
When you’re looking at a crypto exchange and you’re thinking about buying some coins, what are you really doing? You’re betting that one will go up more than another.
No one’s buying Dogecoin so they can order a pizza online. Hell, even Bitcoin’s transaction fee is so high now it costs about the same as the pizza itself, which kinda defeats the purpose.
