I find Facebook's decision gives pause to question why they would draw their line in the sand on crypto, when such a move is, as you say, silly. I used to work as a software engineer for a company that created a database on shopping habits. By a simple observation that one person made during a routine visit to a store, an idea was formed. Data collection was simplified by new technology at that time, which was already capturing the necessary data, and along with the data collection method came the idea of how to connect and use it to form a corporation, which then created a physical product that could be produced inexpensively and produce lots of sales.

The wild thing about this, is that the treasure-trove database they built that eventually made them a robust operation and lots of money, wasn't even being used for anything beyond things like restocking, scheduling, and the like. It wasn't one of the most valuable databases then, but it is now, and it is only getting stronger.

Facebook's huge database is very valuable, obviously, but their stance on crypto is not only silly, it begs for an answer as to why they would take this stance in the first place. It just doesn't make sense in terms of their potential growth and survival in the marketplace, and IMO, their position weakens both.