https://www.nytimes.com/2019/02/28/technology/cryptocurrency-facebook-telegram.html#click=https://t.co/dafMzFxBWEDid anyone read this article in the NYtimes today? I personally had a good laugh because I would love to know how they are going to achieve a truly decentralized cryptocurrency. I could see them incorporating an incentivization system into their platforms but not create a truly decentralized crypto. The only 'stable' coin project that I am aware that is decentralized and is said to succeed where Bitcoin hasn't is Ampleforth due to their elastic supply protocol. Are there any others?
I don't think they are committed to make a decentralized cryptocurrency or decentralized platform, they already have a huge foundation as both platform and company, they just simply want to adopt blockchain technology. The same as Ripple and some other "fake" decentralized platforms.
The popularity of them have come from their big names and no more. Bitcoin has been starting from nothing to something. They didn't even understand about real purpose of bitcoin and satoshi's vision.