Hello dear readers!
As everyone will know, Facebook, the giant of social networks launched its own cryptomoneda in 2020, this news caused a stir in the networks, especially those based on blockchain becoming the trend of the moment, center of analysis and conversation of experts in these issues.
Although there are now divided opinions regarding the Pound it is necessary to analyze what advantages this cryptomoneda brings us.
Libra was designed to be a stable digital cryptocurrency, fully backed by a reserve of real assets - the Libra Reserve - and by a competitive network of exchange platforms that buy and sell Libra. This means that anyone who owns Libra will have a high degree of security in being able to convert their digital currency into local currency based on an exchange rate, such as when, when traveling, one currency is exchanged for another.
Cryptographic panorama
The rise of Bitcoin in the last weeks that has brought a kind of stability in the prices of the other cryptomonedas, now the creation of this consortium of recognized companies with Facebook at the top, that join around this cryptomoneda called Libra, shocks, It brings new airs to cryptography, it makes us dream of the much desired massive adoption but it brings with it some questions.
With facebook entering fully into the encryption business:
What will happen to social networks like steemit, whleshares, weku among others?
What benefits does it bring for cryptography?
Are we at the door of mass adoption?
I want to call your attention to this topic, inviting you to participate in this debate to know your opinion as a cryptographic expert, as an apprentice or simply as someone who wants to express their opinion and participate in this discussion.
The future of platforms
First of all we must establish the great difference between these mentioned platforms, in my opinion they have very different uses, different functions facebook is a more light network if you can use this term, people use it to share with friends and family, while these blockchain based platforms have more tendency to blog full articles or news where people read and share with their followers full publications about a specific topic, this without mentioning technical aspects of security, centralization and consumption.
All this leads me to think that these platforms can and will continue to grow in parallel, the incursion of facebook into cryptography far from hiding will bring more visibility to these networks as it will make more popular the use of cryptocurrencies which would benefit this platforms. There are many people around the world who are ignorant of the cryptographic world, even though they have very active profiles on Facebook, WatsApp and Instagran, but from this I believe that cryptography will be more visible to many.
Benefits for everyone.
For nobody is a secret that Facebook is the social network with the most users in the whole world, besides it becomes with this movement in the biggest advertising vehicle of cryptography, we have all tried to promote our accounts from different platforms all over the Internet, They have launched campaigns to encourage, educate and motivate people to use and adopt cryptography.
With this alliance Facebook not only tries to solve, (as some have already said) the problem of trust, spoiled with scandals, the misuse of information and the violation of privacy in which the platform was involved, guaranteeing the security of the project, but to create a climate of trust with the participation in this project of all these recognized companies. All this will end up putting the cryptography issue on everyone's lips.
Payments: Mastercard, PayPal, PayU (Naspers' fintech arm), Stripe, Visa
Technology and markets: Booking Holdings, eBay, Facebook / Calibra, Farfetch, Lyft, Mercado Pago, Spotify AB, Uber Technologies, Inc.
Telecommunications: Iliad, Vodafone Group
Blockchain: Anchorage, Bison Trails, Coinbase, Inc., Xapo Holdings Limited
Venture capital: Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures
Non-profit organizations, multilateral organizations and academic institutions: Creative Destruction Lab, Kiva, Mercy Corps, Women's World Banking.
I think this will benefit us!
Massive adoption?
I do not pretend to be an expert on the subject, I am not a prophet who can predict the future, much less a cryptographic guru but I am trying to read the clues that this whole cryptographic movement of the last weeks is giving us. A rebound in the BTC price, several of the most recognized companies in the world venturing into this business, I do not know what reading the "experts" will give to all this, but this enthusiastic new cryptographer understands that although this is not the step definitive, is a huge step towards mass adoption . Advertising, exhibition, recognized successful companies entering the business, please tell me what we need most.
I know we can not know the future, but the behavior of the market, the confidence of people and companies in some project, the viability, the advantages in terms of the dominant system, ami understand are indications that we are on the best path and that In the future, steps will be taken that will bring us closer to the adoption of cryptography as a system of commercial exchange and goods in the world.
Let me know your opinion, educate me more about this topic, what opinion or what expectations all this generates in you.
I read and respond to all your comments.
What will happen with social networks like steemit, whaleshares, weku, serey among others?
What benefits does it bring for cryptography?
Are we at the door of mass adoption?
