Add Mark Zuckerberg to the growing list of people interested in cryptocurrency.
In a facebook post Facebook co founder Mark Zuckerberg detailed his plans to spend 2018 working to address long-standing problems – including widespread misinformation and hate speech– that have plagued Facebook for the past two years.
Lauded as an innovator and one of the fathers of social media, Zuckerberg has shown his fascination with cryptocurrencies before.
There have already been a number of social media platforms based around Blockchain service; however, the firepower of a company like Facebook, which reaches over one bln people on a daily basis investigating cryptocurrencies could be monumental.
Zuckerberg’s overarching message in the post which made mention of cryptocurrencies was based around “fixing important issues in technology, media and government.” And, indeed, a technology like Blockchain is being heralded as revolutionary within those fields and with the backing of such an institution, there could be scope for rocketing growth in adoption and recognition for cryptocurrencies.
It is unsurprising to see why Zuckerberg would be interested in a decentralized system when you inspect social media for its peer-to-peer power. While there is a centralized force on Facebook, it has given individuals a lot of power and a much bigger voice.
A decentralized system like cryptocurrencies can only aid that growth further, and as Zuckerberg states - “put it [power] back into people’s hands.”
Be it media, social media, finance, investing or any other sector, the traditionalists and the early innovators turning to cryptocurrencies, even to learn, could be the start of something big.