rat king 🐀

@MikeIsaac ↗

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Last Checked Sept. 18, 2019

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Tue Jun 18 20:38:40 +0000 2019

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rat king 🐀 @MikeIsaac

each company involved w/ Libra Association will cough up a minimum of $10 million. with a goal of 100 partners by 2020, thats a billion bucks all of that money will go to incentives for merchants/consumers (it was erroneously reported last week that funding would back the coin) — PolitiTweet.org

Posted June 18, 2019 Hibernated

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rat king 🐀 @MikeIsaac

this essentially boils down to a two-sided network issue, the problem all nascent platforms face: consumers wont use a currency if it isn’t widely accepted (or in this case if they dont trust FB) and merchants wont accept a currency if theres no reason for them to — PolitiTweet.org

Posted June 18, 2019 Hibernated

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rat king 🐀 @MikeIsaac

so, like any platform, its just a matter of uptake i think Facebook doesn’t care as much about developed markets — where it has the worst reputation — and can go after the huge swaths of the developing world home to: 1. Low ad ARPU users and 2. primarily cash based societies — PolitiTweet.org

Posted June 18, 2019 Hibernated