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If @facebook’s stablecoin goes the private blockchain route it will be to #crypto what @Microsoft’s Internet Explorer was to the Internet.
If @facebook instead chooses to fully embrace public blockchains from day one (either building their own, or atop another), we will see an explosion of Web 2.0 companies doing the same.
Either way this happens, bc in the world of networks, the power of permissionless, bottom-up innovation always overwhelms permissioned, top-down innovation.
$FB could just be the catalyst, helping itself & many Web 2.0 companies to avoid mistakes of days past.
$FB could just be the catalyst, helping itself & many Web 2.0 companies to avoid mistakes of days past.
