Facebook’s (FB) social network has always been the biggest brand on the internet.
Now, however, that dominance is slipping.
And while it is not a brand that you’d normally associate with the phrase “social network of tomorrow,” there’s a lot to love about this new competitor.
It has no advertising on it, it’s open-source, it allows anyone to create and share their own content and it’s just about as decentralized as social networks can get.
Its creators believe in decentralization and in being able to make things more open, even if they don’t get paid for it.
What does this mean for Bitcoin?
Well, one of the reasons the internet is such a big deal is that it has been around for a long time, so it has a lot of history behind it.
Bitcoin has a similar history to the internet, and it seems that there is plenty of room for growth as the world matures.
Bitcoin is a digital asset, not a store of value.
It is a currency that exists as a service and as a medium of exchange.
Bitcoin is also a decentralized platform, where each user can set their own rules.
This allows people to transact freely with each other without needing to trust anyone.
There are no central servers, no central banks, no big corporations and no big governments.
The only thing holding back Bitcoin’s growth is the amount of money and power that goes into building a decentralized, open-sourced system.
That has a significant impact on how well the technology works and how fast it can grow.