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On the one hand, these are amazing developments that validate blockchain technology and its potential as a currency system, however, they are also drifting us away from the original vision of a decentralised monetary system. In February 2009, Satoshi wrote on a P2P online forum:
'The root problem with conventional currency is all the trust thats required to make it work
but the history of fiat currencies is full of breaches of that trust'
Taken from the article linked below, worth reading. Do you think the emergence of banking and corporate digital currencies will take away from the original cryptocurrencies or can they live in harmony?
https://medium.com/@marcus_61942/decentralised-cryptocurrencies-vs-digital-currencies-3811e36cc94fIt will surely do to a little extent, but based on my reasoning, I think in the end, it will still favor Bitcoin more, because when people research and study blockchain/cryptocurrency, they will see that only Bitcoin is the one that is serving this real purpose which will make Bitcoin to always be relevant, it is even more dangerous and threatening to Bitcoin lifespan if they are doing exactly what Bitcoin is doing, at least, something must differentiate them, and in this case, it will be a centralized coin vs decentralized coin.
For Facebook, the only advantage I see here is that it will only end up being useful as means of cryptocurrency advert to the world out there.