CEO Polychain Capital Olaf Carlson-Wee thinks that the Facebook cryptocurrency could and should be built on a public blockchaine. He said this during Consensus 2019 in the “To the Moon and Back” panel.
Calrson Wee believes that the Facebook blockchain platform might be similar to what Bitcoin is, the place where its creators give up control and hand it over to the company. He thinks it would ultimately be beneficial for Facebook itself.
"I think, given all the problems Facebook had with investigators, it would be best for Facebook to build a public infrastructure." This public infrastructure could be integrated into all Facebook platforms that are connected. Public infrastructure, if Facebook does not try to own it, will give me the greatest hope of success, ”he said.
If Facebook abandons control of this blockchain, Wee would have avoided any responsibility for what was going on. As an example, he said: "People who created the Internet are also not responsible for what is being done on it."
Although Olaf Calrson-Wee's idea that Facebook will build a blockchain, which then "devotes to the company" sounds interesting, former Facebook chief classmate Mark Zuckerberg, Wei Zhou, who is currently head of Binance's financial department, thinks that Zuckerberg's nature will not allow him Facebook Coin will be created by a monopoly centralized monster.
Starting the Facebook Coin Cryptocurrency on Facebook's Blockchaine is expected already this year. Over the past few days, we have informed you about a number of points of interest regarding this topic. Meanwhile Facebook is trying to get $ 1 billion from investors to complete the project. Already, several PayPal tribal employees are allegedly working on its launch.
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