As I previously wrote, Facebook relaxed their crypto ad ban yesterday. A couple of hours ago, though, in an analysis published on The Independent, a rumor about Facebook potentially buying Coinbase surfaced again.
It's not the first time these rumors appear, the first one was in the Economist a while ago.
According to the piece on The Independent:
Experts say that not only could the acquisition boost Facebook’s value and utility, the involvement of the technology giant would add legitimacy to cryptocurrency markets.
"It wouldn't surprise me if Facebook made an attempt to acquire Coinbase," tech entrepreneur Oliver Isaacs told The Independent. "Whether [Coinbase CEO] Brian Armstrong and the team would agree is another question."
Wether or not this rumor is true, I have no way to know.
But I can speculate on the upsides and downsides of such a move.
Upside
- broader adoption (2 billion Facebook users, versus the 10 million current Coinbase user base)
- more liquidity in the markets
Downside
- a big hit for decentralization as an utopian dream (Facebook is an epitome of centralization, IMHO)
- potential market manipulations via fake-news (a thing that Facebook seems to be familiar with)
The trade-off seems to be a bit too much for me, so I'd rather not see this happening.
Thoughts?
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me 
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