Polychain Investment CEO speaks on Facebook's rumored stablecoin blockchain

16 May, 2019
by Colin Hawkins
News
Polychain Investment CEO speaks on Facebook's rumored stablecoin blockchain

CEO of the Polychain Investment firm, Olaf Carlson-Wee spoke on Facebook and their rumored stablecoin blockchain at the Consensus 2019 panel “to the Moon and Back” on May 15.

Carlson-Wee expressed his opinion and thought it would be a smart idea for Facebook to build its rumored stablecoin on a public open blockchain infrastructure. Carlson-Wee on the topic said:

“I think given all the problems that Facebook has had with policing their platform and things like that, I think that the strategic move for Facebook would actually be to build public infrastructure. And that public infrastructure could be incorporated onto all the Facebook platforms, which of course are proprietary. But that public infrastructure, if they don’t try to own it, I think that’s where they will have the most success.”

Not owning the public infrastructure is a strategic move that the Polychain CEO thinks Facebook should make as well. He states that by giving up control of the platform would relinquish liability for any controversy that may take place on the platform. Carlson-Wee compares this situation to the creation of the internet in a quote:

“The people that made the internet aren’t responsible for everything that’s said on the internet.”

Follow Chepicap now on Twitter, YouTubeTelegram and Facebook!

Chepicap is now LIVE in Blockfolio! This is how you receive our latest news in your portfolio tracker!  

Poll

Do you agree with Carlson-Wee that the Facebook stablecoin project should be built on a public open blockchain infrastructure?

(0 votes)

Add a comment

Check out the latest news

You will be logged out and redirected to the homepage