- News - The Facebook on Blockchain story - Do they pay for content? by detlev

news · @detlev · Aug 11 '18

$0.99

- News - The Facebook on Blockchain story - Do they pay for content?

![9194BFA0-3947-4085-8A7E-189603A387AC.jpeg](https://cdn.steemitimages.com/DQmUvMPgBphaVkxebVLDrM9gn5yr8XPvCWWmXxk6JxwVsL1/9194BFA0-3947-4085-8A7E-189603A387AC.jpeg)

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# Coinbase David Marcus now with Facebook 
Just read this news and wonder what the old people social media network is planning?

http://uk.businessinsider.com/blockchain-facebook-david-marcus-leaves-coinbase-board-2018-8?r=US&IR=T

![75DF90E2-7C3A-4573-9308-C9CE6CC81FF6.jpeg](https://cdn.steemitimages.com/DQmUbicXrypmyW8L7C5PAvFT7XbXSs9M5WzB29LeHTpxvMW/75DF90E2-7C3A-4573-9308-C9CE6CC81FF6.jpeg) <sup> picture by [Businessinsider](http://uk.businessinsider.com/blockchain-facebook-david-marcus-leaves-coinbase-board-2018-8?r=US&IR=T)</sup>

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# The article at Business Insider talks about 

> Facebook may be planning its own payments network

## What impact does this have for Steemit ??

Love to get some feedback on this and as well your understanding of what is going on 



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@mazzle · Aug 11 '18

How does this impact Steemit? It doesn’t. 

Any speculation as to what this means is purely speculation, funnily enough. 

There’s nothing of substance in the article other than signs that Facebook is progressing with their own blockchain project, which is something we’ve known about for a while now. 

One thing to consider though, if Facebook were to release their own blockchain and currency, how much trust do you think we’d have in them? My guess is not much. So, those people who moved to decentralised technology for privacy, security and freedom of speech are unlikely to get excited about a company like Facebook moving into this space.

👍 detlev

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@detlev · Aug 11 '18

Agree so far. 

_But does count as well for the „noob crypto masses“ of FB users?_

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@goose20 · Aug 11 '18

I'd say fb introducing a crypto would have a positive affect on social crypto sites and Steemit... akin to adding 'legitimacy' to it for the masses.

👍 detlev

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@detlev · Aug 11 '18

Good point!

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@bart2305 · Aug 11 '18

That would be awesome

👍 cheneats

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