Now that Facebook and other huge players are (and have been) acting to get involved in the blockchain movement, I am concerned that this might lead to a steady 'hijacking' of much of the crypto space, as these huge actors could potentially influence the growth of their own private blockchain solutions over existing public blockchain projects. We know the power over the media these players have, and their ability to induce hype or FUD.
What do you guys think? Is this anything to be concerned about?
The main ide aebehind bitcoin is that it is decentralized. These guys are will have some sort of centralization and this many people within crypto world don't like. First and formost we don't have actual data that shows us that facebook is lunching their own coin, but these are rumors and rumors only unless it is shown otherwise. I truly believe they are looking for ways to implement blockchain into their system without any token/coin. If they do it then it will be some sort of centralzied piece.
They can try and with high userbase they might even get people to use it. But not me.