Unless you've not been paying close attention to this space, there's a good chance you've heard that Facebook has been working diligently on blockchain technology for a little over a year. Of course, up until now we've had nothing concrete, no timelines, no names, but today this has changed.

The most powerful social media platform is getting "upgraded". Well, the cynic in me is having a hard time at the moment, but truth be told we are seeing a shift that is a net positive to the cryptospace no doubt. Who knows what Facebook will bring to this space? I do however see something quite important happening in 2020, something that we need to accept that needs to happen.

Regulation

Yes, I know to some the idea of getting government involved is painful to accept, but I'm trying to be realistic. We still live in a society, we still have governments, and without regulatory clarity, it's extremely hard for this space to take its final shape, so to speak.

Now Facebook entering the field, with all their power and their influence are sure to move the needles considerably. As far as I can tell from the articles I've read, this is set to be launched Q1 2020, so that means that it's not really that far away at all.

Predictions

I think partnerships are a must, and there's a gigantic chance that Coinbase and FB will partner up on this launch. Why? well, they've had a considerable amount of cross-pollination already in the way of personnel and management. So, it seems obvious to me that the path of least resistance will be to get the two giants together on the effort.

I'm also convinced Whatsapp, the chat application owned by facebook, will implement Globalcoin as well, possibly before Facebook.com itself does. In third world countries, Whatsapp is the #1 app, so this not only makes sense, it's the smart thing to do. Imagine, the possibilities.

What about Steem?

Nothing to worry about. At least not in my opinion. Steem is censorship resistant, Steem is a real cryptocurrency, and what Globalcoin is going to be is somewhat of a hybrid really. So, there's room, so to speak.

Besides, there's a considerable chunk of the population that won't touch mainstream social media with a ten foot pole, and as far as I know, we are not going to disappear.

But, What do you think?

MenO