Rumors About A Potential Acquisition Of Coinbase... By Facebook!
news·@dragosroua·
0.000 HBDRumors About A Potential Acquisition Of Coinbase... By Facebook!
As I previously wrote, Facebook [relaxed their crypto ad ban yesterday](https://steemit.com/crypto/@dragosroua/facebook-relaxed-its-ban-on-crypto-ads). A couple of hours ago, though, in an analysis published on [The Independent](https://www.independent.co.uk/life-style/gadgets-and-tech/news/facebook-cryptocurrency-ban-coinbase-bitcoin-exchange-a8418841.html), a rumor about Facebook potentially buying Coinbase surfaced again. It's not the first time these rumors appear, the first one was [in the Economist](https://www.economist.com/business/2018/06/02/american-tech-giants-are-making-life-tough-for-startups) a while ago. According to the piece on The Independent: > Experts say that not only could the acquisition boost Facebook’s value and utility, the involvement of the technology giant would add legitimacy to cryptocurrency markets. > "It wouldn't surprise me if Facebook made an attempt to acquire Coinbase," tech entrepreneur Oliver Isaacs told The Independent. "Whether [Coinbase CEO] Brian Armstrong and the team would agree is another question." Wether or not this rumor is true, I have no way to know. But I can speculate on the upsides and downsides of such a move. ## Upside * broader adoption (2 billion Facebook users, versus the 10 million current Coinbase user base) * more liquidity in the markets ## Downside * a big hit for decentralization as an utopian dream (Facebook is an epitome of centralization, IMHO) * potential market manipulations via fake-news (a thing that Facebook seems to be familiar with) The trade-off seems to be a bit too much for me, so I'd rather not see this happening. Thoughts? *** _I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at [Dragos Roua](http://dragosroua.com) where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua._ <center> </center> <hr/> <center> <h2>Wanna know when you're getting paid?</h2> </center> <table width="100%"> <tr> <td width="50%" align=left> <img src ="https://steemitimages.com/DQmY5EgrAesnAbWyBazuHaA2Rqb2y9kkJjX4SkGq4NqA9b1/Screen%20Shot%202018-02-16%20at%2011.30.44%20AM.png" width="250" heigh="100"> </td> <td width="50%" valign="top"> I know the feeling. That's why I created <a href="http://steem.supply" target="_new">steem.supply</a>, an easy to use and accurate tool for calculating your Steemit rewards </td> </tr> <tr> </table> <center><h2>It's free to use, but if you think this is a useful addition, I'd appreciate your <a href="https://steemit.com/~witnesses" target="_new">witness vote</a>.</h2> <h1>Thank you!</h1> </center> <center> <h1> Psst: new to Steemit? <a href=https://steemit.com/@dragosroua/the-7-fundamental-questions-about-steemit>Start Here</a></h1> </center>
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