Post
Topic
Board Altcoin Discussion
Re: Facebook Diem thoughts
by
the ghabbar
on 11/09/2021, 19:29:31 UTC
I was looking at Facebook Diem, I know it's coming from failed project Libra. It's not only about coin, they are building the whole infrastructure: blockchain, wallet...
For starters it was meant to be integrated into Facebook's ecosystem: FB, IG, Whatsapp and be used for money transfer.

What do you think about it? Does it have future? What are potential usages of Facebook's blockchain?

I like the new things that are starting to be launched, but I prefer to learn first about the development of the project, the wallet that was initially integrated into the Facebook, IG and WhatsApp ecosystem is a new blockchain that is starting to be prepared in the future as an addition to other blockchains.
Blockchain technology is something revolutionary and does really have real use case or something that can really be integrated into the current system we are having on and this is the beauty
of it and doesnt only focus out on payment or transactions but also about with transparency but talking about these platforms or companies then its sure that it will really be still that
centralized and i dont really see any interest if ever they would make their own coin and wallet on making out transactions in between users or something like that.

The beauty of a system that can be integrated is a true blockchain technology, all focus on payments or transactions and transparency, all of this will still happen that way, so making something new needs to be perfected again, but it will be very interesting if this continues to be developed in the future.