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On the other hand if it weren't facebook they likely would not even have been interested in yet-another cryptocurrency. Especially if it's even not available, b

• judge2020 7y ago
  If they had created this without FB (and didn't announce it at all), FB could have snuck in later and they would have taken over payments without anyone noticing
  • gl00pp 7y ago
    But no one would have taken it seriously without FB pushing it.
• nostrademons 7y ago
  They've been interested for a while - Stripe used to accept Bitcoin, and various Stripe employees have said they're watching developments in the space. For that matter, a number of other big tech companies (notably Apple) said they're watching the space. I think the main issue is that cryptocurrency still has a few unsolved research & regulatory problems (like how to handle more than 10 TPS, or how to record taxes transparently) before it's ready for mainstream adoption. No big company wants to take the risk that an unsolved research problem may not have a solution, and so they wait and see how the space evolves rather than committing large amounts of resources to it. (Other than FB, who has resources to burn.) If it starts taking off they'll buy a bunch of startups and then start throwing engineers at it; otherwise they risk nothing.
  • lawn 7y ago
    Cryptocurrencies do have scaling issues, but it's very easy to process more than 10 TPS. Just because Bitcoin chose not to doesn't mean others cannot.