It solves the issues you mentioned, but it creates other issues with being overcentralized. David marcus of facebook says that in the future they may change or

It solves the issues you mentioned, but it creates other issues with being overcentralized. David marcus of facebook says that in the future they may change or decentralize the platform, but we can't take their promise of course. > There is nothing for the consumer here, i disagree on that, i could use it to earn micropayments from facebook users tomorrow, this can be pretty impactful. > by becoming a bank in everything but name (and regulation). Cryptocurrencies are regulated, even though their status is still not well defined, and this will actually pressure the US SEC to set their standards more rigorously. KIK is already trying to push for that. I don't have a problem with facebook becoming a bank, it's not like banks have a stellar reputation either.