Wednesday, October 2, 2019

Zuck should go after the killer app

Major defections could imperil Libra, Facebook’s attempt to persuade consumers to swap their national currencies for a digital coin that could be used to pay for goods and services on the internet. Without a network of financial partners that could help transfer currencies into Libra and global retailers to accept it as a form of payment, Libra’s reach would be limited.
Buying and selling content with high speed, almost bearer assets. Click on a post and transfer the pennies to read.   Within Facebook he does not need secure ID, he do run a server, limit almost bearer assets to fifty buck,slow risk. Then the blog readers do not see much purchase delay, it is click to open.  Real simple, low risk, it will not run afoul of NSA. Offer cash limit account strictly for blog reading, then add intelligent grouping so readers can subscribe. Stick with instant information selling, a great business.

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