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What the Facebook Crypto team could build
- lingzb 8y agoFacebook can go real big here. The have ridiculous distribution (2B+ monthly users). If they roll out a crypto payment or stored value system to their users, the network effects / lock in will be insane. Only Google could really compete (Amazon doesn't have the same international presence as Facebook or Google; Microsoft doesn't have enough mobile presence; Apple only has rich users). The question is will Facebook take this seriously and invest over the long term to win. Historically, they've had a terrible history of investing and committing to new efforts that don't pay out immediately (killing Parse, sunsetting big parts of their platform, shutting down their Creative Labs, etc.)
- njlern 8y agoWell let's see