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Question answered on Musing.io by anonsteve

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· @anonsteve ·
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json_metadata"{"app":"musing/1.1","appTags":["Facebook","cryptocurrency"],"appCategory":"Facebook","appTitle":"If Facebook had a crpto coin would you trust them with your crypto wallet?","appBody":"<p>I don't believe they would steal people's money like that. I'd trust them as much as I would trust the likes of PayPal. After all, we'd probably be talking about some kind of a centralized blockchain, which doesn't really make much sense, by the way. The whole point of a blockchain is to act as a trustless and decentralized ledger that does not require a trusted third party to operate. Does Facebook really intend to create a blockchain it does not retain full control of to act as an online payment system? If yes, great. But I suspect they are merely trying to ride on the coattails of the blockchain industry. Blockchain does have a blockchain department. It only employs a few dozen people. Maybe they're just experimenting and nothing will come of those experiments. We'll see.</p>","appDepth":2,"appParentPermlink":"pk33guszw","appParentAuthor":"erikah","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}"
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