Facebook is so far removed from Bitcoin's values that I cannot see it as a competitor in our world.
However, Facebook could start competing against banks.
That no-name business, Chainspace, seems to be ethereum-focused, too.
So, such a focus of shit, could cause facebook to get distracted down the wrong path (or maybe companies do get a lot more excited about various proof of stake mumbo jumbo directions?), possibly because their ego continues to muddy their corporate vision, and they are striving to distinguish their path from a winkelvi-following direction? which would be a BIG mistake.
Yet, by the way, the winkelvi have also taken a nutjob direction when they created their Gemini "stable coin" with an ERC 20 ethereum base.
Convolution continues in the space - and fear of associating with bitcoin.
Edited to add below response to V8:Facebook is so far removed from Bitcoin's values that I cannot see it as a competitor in our world.
However, Facebook could start competing against banks.
wrong
State Sharding that is used by Chainspace, Harmony and Ethereum 2.0 is the future
no, right of course, in the sense that they'll lie to their customers, lose a lot of other people's money and no one will punish them for it
As always... V8 is quicker than me to have identified the importance of this matter and the seeming distracted direction in which facebook seems to be heading with this matter.