I kind of agree with your first two points, but fail to see how Facebook's coin could ever be hoped to achieve this. In what fantasy universe will it be independent of Facebook's control? In what world is the inevitable accompanying tracking of all financial information, cross-referenced with a huge social database by a modern surveillance giant a good thing?

> Unlike government issued currencies, any monopoly or control facebook derives isn't done through force, it's by making a coin better than all the other coins.

It may not be done through sheer force, but when people are making their local decisions, they usually do not have a complete perception of the global ramifications of their actions. The end result might therefore still be something very undesirable for ~everyone.