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Title: [2018-03-27]If Facebook Can Be Worth Billions, Why Can't Cryptos? Post by: maarx on March 27, 2018, 09:09:46 PM Pete Rizzo is editor-in-chief for CoinDesk.
It's been a rough month for Mark Zuckerberg. In the fallout from the Cambridge Analytica fiasco, in which it was found a third-party data provider was mining user information on behalf of political groups, Facebook and its founder have faced an outcry of criticism over the company's role as leader-supreme data custodian for the developed world. But for the crypto community, the resulting plunge in Facebook's stock price offers an instructive example for a fundamental argument: whether the current cryptocurrency market, in which more than 20 blockchain networks are "valued" in excess of $1 billion, is overheated or in a "bubble." To answer that question, it's helpful to ask another one - namely, how exactly is it possible that Facebook, which collects users' identifying data and connects them through messaging, is valued so highly to begin with? https://www.coindesk.com/facebook-can-worth-billions-cant-cryptocurrencies/ Why can't crypto? |