Amazing! Does that come with twitter --- the whole shebang?

You know, if this gets developed, it could be like - pfooosh - really big.

Targeted niche: Cryptocurrency hodlers looking to buy and sell cars.

Possible niches: Luxury automotive affiliate marketing

You name it.

Bitcoin is NOT a magic pill

You are aware that you can replace the word "bitcoin" with "money" in all your sentences and the problem would still be there. There's a reason why people in the underdeveloped world (dude, it's called DEVELOPING WORLD), have scarce access to Bitcoin, namely:

1. Armed conflict (wars)
2. Drought, famine and unsuitable living conditions brought about by climate change
3. Religious persecution, such as in states where Islam is forced on people through violent means
4. Income inequality brought about by social and class divide.
5. Corruption by the ruling elites
6. Lack of education and infrastructure

You make a big mistake of thinking that Bitcoin and Bitcoin alone can solve the world's problems. This is just plain naivete. First of all, Bitcoin BTC = is a speculative investment instrument. If more people buy Bitcoin, its price goes up due to the limited supply. If more people start selling Bitcoin BTC, its price goes down. It's called the law of supply and demand.

As a speculative asset, it means that its value can also deteriorate as it can rise. If you are a poor undeducated nomad living in the steppes of Mongolia, can your Bitcoin buy the supplies, equipment that you need in order to survive there?

To be honest, it can be a wild card. There are many scenarios that could happen. All of which are hypothetical - until they are not:

1. Facebook coin is integrated on its social network.

As a result people wishing to send money to their loved ones can do so via messenger, which is really a no-brainer. FB then corners this market, the people who don't give a shit about blockchain technology, speculation and such that is endemic to the bitcoin ecosystem. The billions of users are happy.

1.A. Facebook coin does not take the 'usual crypto' route and refuses to integrate to the crypto exchanges.

It will become a de facto fiat/or stable coin that can't be traded. Can they do that? Yes they can, if they limit the technology within a closed loop in Facebook.

I'm not so much into the technical aspects, but I surmise that they can do this. If they do, Bitcoin will become relegated to a core niche community, and fb coin will rule.

1.B Facebook coin allows open integration into the overall cryptocurrency ecosystem.

Chances are it will become tainted with regulatory uncertainty BECAUSE it will be subject to speculation. I would surmise that this has less than 50% probability, knowing full well facebook's regulatory concerns. The last thing it needs is the SEC, FATF and all those interagency task forces looking into their business when there's already talk of privacy and anti-trust issues.

Blockchain education starts with knowing the following things:

1. Why?
2. How?
3. What?
4. When?
5. Where?

1. Why?

Many people want to go into cryptocurrency for all the wrong reasons. When they join, they think speculatively. Meaning, they think that if they buy 1 BTC at $3,000, and then sell it as $5,000, then they make a cool $2,000. That simply should not be the case. Gone are the days when speculation of this nature is still possible.

You need to know your precise "why". Cryptocurrency is so complicated that it has many nooks and crannies. There are many traps that need to be avoided and many pitfalls that lure many an excited person into the wrong place.

If you can answer "why" with a simple, "Because I believe that cryptocurrency is the future of money, then you have taken the first correct step.

2. How?

Once you figure out "why you want to get into cryptocurrency", you then proceed to "how" you want to proceed. For example, if your reason for getting into cryptocurrency is because you believe it is the future of money and that you want to learn how to master the art of programming it then you would know that programming is your "how". If you are like me, then you believe that people can and would work for bitcoins. That's how I make my bitcoins - by writing and by designing graphics.

3. What?

"What" depends on your "how" which depends on your "why". What particular niche in the ecosystem do you want to have a role to play in?  If say, before you knew about cryptocurrency that you sold vegetables in the market, then this is partially answered: What do you want to do? I want to accept cryptocurrencies for the vegetables I sell. This is a great by the way to introduce other people to cryptocurrencies: by showing them that it really works in the real world. Right now, it is hard to convince a lot of people because of "bad actors". The bad actors merely show that Bitcoin is some sort of magical money that will make them rich. This is not true!

Remember one of the laws of Physics? Energy can neither be created nor destroyed. So, value is merely transferred from one person to another. Whether its carrots, beans, mobile phones, gold, services, or what have you - this and the karma that goes along with it, revolve in a circle of economic sustainability. If an eco-system is not economically sustainable, then we have a speculators market that is at best may prove to be bitcoin's undoing - at its worse, could hurt Bitcoin more than it helps.

Choose a good "What?"

4. When?

Well, if not NOW then WHEN?

5. Where?

Wherever it is allowed. Of course, bitcoin is uncensorable to a certain extent, but the people who possess it or have knowledge of it, could be limited by their physical geography. This is the reason why many exchanges move to crypto-friendly jurisdictions like Malta.
__________
If this guide helped you, I work for a website called www.bitcoinhomework.com

Our desire is simple, to educate the masses about cryptocurrencies and share our expertise and knowledge.

MOST OF ALL WE DO IT FOR FREE.

Thank you!