Thursday, June 13, 2019

Zuck to splain sandbox to us next week

  • Facebook has enlisted some high-profile companies to back its forthcoming cryptocurrency.
  • Uber, Stripe, Visa, and Booking.com are among the firms to support the secretive effort, according to a new report.
  • The Silicon Valley tech giant is expected to formally announce what it has been building next week.
  • Visit Business Insider's homepage for more stories.It sounds like Facebook has persuaded a suite of heavyweight companies to get involved in its secretive blockchain project. 

The Wall Street Journal is reporting that the Silicon Valley technology giant has enlisted a number of high-profile firms — including Uber, MasterCard, Stripe, Visa, and Booking.com — to support its new cryptocurrency. 
 For the last year or so, a team of dozens of Facebook employees have been working on applications for blockchain, the buzzy technology that underpins digital currency bitcoin and other cryptocurrencies, to figure out how Facebook could utilize it. According to multiple reports, the company has been creating its own digital currency, and intends to officially announce it next week.
I doubt he can win, he is very late to the ballgame.  Uber is basically clueless at the moment, reciting buzzwords.  Nor am I sure how many of these companies intend to buy a node on their block chain net, basically becoming trusted miners.

Like I say, we are past this part where everyone builds separate liquidity nets. We are  on the the part where a new unicorn solves the ledger interconnect router problem.  I have pre-selected GS and their protocol experts for the task.  Zuck has to know, we are not waiting around for him, we have long assumed he has no clue and he will have a difficult time convincing us otherwise.

My other order to the industry

Since I have become a Timmy fan, Apple needs to do something for us.  Take their smart card tech inside the iPhone and insert it into a cheap, thin iPod, with basic simple spreadsheet functionality for contract management.
Apple and Goldman-Sachs, have them finish the sandbox, make it fully functional. A trillion dollar opportunity.

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