It's the spring of the year 2019. Facebook CEO Mark Zuckerberg has just announced his plans to launch the FacebookCoin as a Smart Media Token (SMT) on the Steem blockchain. The price of Steem skyrockets to over $500 on all popular Bitcoin exchanges such as Bitfinex, GDAX and Bitstamp. Facebook plans to integrate their FacebookCoin into Facebook later this year so users can earn the cryptocurrency in a similar way as on Steemit.com.
Ok... Back to today. We're not there yet, but Mark Zuckerberg wrote something very interesting on his Facebook profile today.
Source: https://www.facebook.com/zuck/posts/10104380170714571
He wrote:
There are important counter-trends to this --like encryption and cryptocurrency -- that take power from centralized systems and put it back into people's hands. But they come with the risk of being harder to control. I'm interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services.
He is studying the positive and negative aspects of cryptocurrencies and how best to use them in his services.
Mark, if you're reading this... Stop reading and give @ned a call. He knows how you should monetize Facebook. Launch a Smart Media Token!
What are Smart Media Tokens (SMTs)?
A Smart Media Token (SMT) is a native digital asset on the Steem blockchain that can be quickly launched by anyone to help monetize online content and create incentives to encourage desired user behavior.
They're like Ethereum's ERC-20 tokens, but with certain built-in ‘Proof-of-Brain’ properties and a token distribution reward system designed specifically for digital content businesses.
Source: https://smt.steem.io
News sources:
Mark Zuckerberg is 'studying' cryptocurrency, which could help Facebook catch Asian rivals
Facebook CEO Mark Zuckerberg expressed his interest in crypto currency and its potential uses in his 2018 mission statement, issued on Thursday.
Read more: cnbc.com
Zuckerburg to Study Cryptocurrency in Quest to Decentralize Facebook
Facebook CEO Mark Zuckerberg announced Thursday he plans to study cryptocurrencies and other decentralizing technologies as part of a larger bid to improve the social networking service he co-founded.
Read more: coindesk.com
Mark Zuckerberg Says Facebook to Look Into Cryptocurrency
Facebook Inc. Chief Executive Officer Mark Zuckerberg gave cryptocurrency enthusiasts a little optimism for the new year.
Read more: bloomberg.com