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A comment on Facebook Is Developing a Cryptocurrency for WhatsApp Transfers, Sources Say. Parent comment

Re:Facebook Is Developing a Cryptocurrency for WhatsApp Tran... by pavel_lishin on Friday December 21, 2018 @10:52AM (#18734039)
> If Facebook can deliver something that can then be exchanged for real dollars, that could be huge.

There's absolutely zero reason for that something to be blockchain-based. They can just release Facebucks, a private fiat currency that's just backed by ... drumroll please... a relational database.

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Re:Facebook Is Developing a Cryptocurrency for WhatsApp Tran... by CoolGuySteve on Friday December 21, 2018 @11:36AM (#18734397)
You mean like WeChat’s Yuan balances? The app where it’s extremely difficult for Americans to buy currency but that is ubiquitous throughout China?

It’s almost like none of these middle-brow dismissals have ever actually experienced a payment problem in another country.

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Re:Facebook Is Developing a Cryptocurrency for WhatsApp Tran... by geofft on Friday December 21, 2018 @03:31PM (#18736353)
Perhaps your better-positioned brow could clarify exactly how the involvement of a blockchain would solve WeChat's problem and make it easy for Americans to buy in?

In particular, if it could be done, why isn't WeChat doing it? And if WeChat can't do it, why can WhatsApp do it?

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