Facebook is a social media and social networking software company with over 2 billion users around the world. It has an experimental crypto team led by David Marcus, former president of PayPal.
Top experts from the Facebook network.
Reviews by Facebook people
Cryptocurrency reviews from the executives, employees and alumni of Facebook.
Bitcoin has unfortunately innovated more lowly than Yahoo in the last 10 years. It may end up the reserve e-gold, but the conservatism that has prevented evolution of the tech may ultimately even threaten that status.Full review
I would be long Bitcoin, and neutral to skeptical of just about everything else at this point with a few possible exceptions. There will be one online equivalent to gold, and the one you'd bet on would be the biggest.Full review
The biggest competitors for LTC and BCH? Stellar and RaiBlocks. These coins were architected for payments that provide low / zero fees, high throughput, and fast confirmation. They provide these solutions today, and there are no hidden tricks like subsidizing transactions.Full review
Ethereum is sucking the wind out of every other coin's sales.Full review
I have a positive impression of the Litecoin community, but I'm not optimistic about LTC's future.Full review
Nano is looking to be for cheap, simple payments. It's not trying to be maximally decentralized like Bitcoin. It's arguable that, even if only data centers ran historical nodes, Nano would be less centralized than BTC, whose hash power is controlled by only a few pools.Full review
One of the worst PR moves #zcash ever made was to publicly discount projects with similar goals, repeatedly, when their technology was too early to practically provide their core value prop (privacy). It gives the impression that they are in this for the wrong reasons.Full review
Everything that Dash provides can be built as an application on top of Bitcoin. Never needed to be baked into the blockchain. IMO it was a premature engineering decision.Full review
There are ways to be so unproductive it's better not to contribute. Privacy is like medicine or building bridges: someone can get hurt if you do it wrong or mislead.
Trust me, Verge is not helping anybody but themselves.Full review
IOTA, made by the same geniuses who rolled their own cryptography without peer review, harassed the cryptographers who found the vulnerability, and tried to cover it all up with increasingly absurd excuses.Full review
I think PIVX is better [than Zcoin] for Zerocoin implementation. It uses the same libraries, but with Proof-of-Stake. But industrial-strength privacy is still Zcash and Monero.Full review
Bitcoin Cash is like the dysfunctional, bizarro version of Bitcoin.Full review
- A known fraud is the figurehead
- The intended form of protocol governance is by miners
- Their primary form of outreach is propaganda / brand confusion
- Their origin story is literally a conspiracy theory
Bitcoin Gold has some of the most irresponsible/incompetent developers in all of crypto. They delegated the security entirely to 3rd party wallets, some of which stole millions and others with a history of selective scamming. They never fixed this and have no plans to.Full review
I'm really curious to see how the "utility tokens" turn out. I suspect they'll be pennies on the dollar. The tokens of CVC, for example, are gift cards for using the service. I don't think there will be enough business generated to justify $223M market cap.Full review
Ravencoin should not exist. Doesn't need to be a coin and probably not great at stopping ASIC development. $150m market cap is absurd.Full review
In regards to privacy, XMR, ZEC and GRIN are the only good options. Zcoin protocol may be ok in narrow circumstances, but some privacy isn't much better than no privacy in general. The common theme is the use of zero knowledge cryptography.Full review
The more new chains launch with massive issues (including some with huge budgets) the more impressive it is that bitcoin has never had any similar catastrophes, over a much longer period.Full review
Ethereum would have been better off supporting applications that were banned from web 2.0 rather than trying to be "web 3.0."Full review
[Bitcoin is] the single best hedge against the traditional financial infrastructure. Whether you support the fiscal and monetary policy or not, it doesn’t matter. This is the schmuck insurance you have under your mattress....Just buy the coins just in case all these geniuses may not turn out to be geniuses.Full review
Earlier this month, Numerai announced Erasure Quant. I think it has the potential to meaningfully impact how hedge funds work, so it's worth highlighting:
Quant is the first dapp built on Erasure (Numerai's protocol), which will launch later this year. The basic idea is simple: it's a stock picking tournament that allows you to make provable point-in-time stock predictions.
The fact that these are provable (meaning you can demonstrate you made the prediction in advance) is new. This is fucking rad! There is currently no good way to do this.....On that note, Erasure is just the first of many dapps that can be built on Erasure ––and while Numerai has its own hedge fund that will trade based on these signals, eventually this will become an open market for data and predictions.Full review
0x, one of the most popular dex protocols, has collected only $2000 in lifetime transaction fees despite having a market cap of $160M. The token is also not necessary for the protocol to function and will likely be forked out by major relayers.Full review
Augur, the most popular prediction market, has only $40k staked in predictions yet has a $170M market capFull review
Steem popularity was explicitly monetized, so every person tried to maximize their measured popularity (by votes) rather than their brand, network, or actual popularity like in other social media.Full review
XMR has product market fit. Darknet markets, ransomware. Privacy in general.Full review
Many want to pit [Facebook's] Libra vs. Bitcoin. In my mind these two are not in the same category. BTC is a decorrelated (investment) asset. Libra is designed to be a stable medium-of-exchange. I have been, and remain a fan of BTC, but for very different purposes.Full review
Bitcoin: Be your own bank.Full review
Monero / ZCash: Be your own Swiss bank.
Ripple: Traditional banking.