And To Think Facebook Has Plans To Lauch A Digital Currency and Invest In The Metaverse, No Thanks
Today’s event was just an eye opener for us all to see that Facebook can not always be in control. This is the effect of the power of centralized monopoly. Few hours ago, all the social media owned by Mark Zuckerberg(Facebook) went out. This showed that Mark Zuckerberg literally controlled almost quarter of the world’s population. Businesses were put on hold, am talking of online businesses that depended on Facebook, WhatsApp and Instagram.
Will this ever happen on a blockchain? Will this ever happen on Web 3.0? Well I guess you know the answer to that. This is more reason why people need to wake up and move to a decentralized platform like Hive. Hive is not controlled by anyone, Hive can be accessed from different front end. Few days ago, some people had an issue logging on proof of brain, this was independently proof of brain’s issue, it didn’t in any way affect Hive. We can also access Hive through PeakD and ecency.
You can imagine what will happen when Facebook launches metaverse and their own digital currency. Facebook just helped the world see the use and importance of decentralization and Web 3.0 . Since bitcoin was created have you ever heard or seen bitcoin shut down? This is because it is not controlled by anyone, it is built on a blockchain with smart contract that can not be easily hacked. This just shows that the world should refrain from depending on a centralized monopolized platform. This is just centralization at its finest. How can one entity control one quarter of the world’s population? Imagine how much power Facebook possess and imagine when people buy their centralized coin and use their metaverse. If the shut down had persisted to almost a day, people would have lost millions of dollars based on their business that is dependent on these social media.
I hope the world knows better and come to the realization that Web 3.0 is the answer and solution to centralization and you can start by using Hive. Hive is social media platform built on the Web 3.0 blockchain. It is scalable fast and easily accessible and you also make money while using it.
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Sorry i don't quite understand. What does that mean?