With over 500 million users, Facebook is on top of the world. Which raises a good question: how can The Social Network avoid the MySpace conundrum?

Minting the world’s first global currency is one option — hence Facebook Credits. The idea makes sense from a logistical standpoint, given Facebook’s vast walled garden. But are we ready for a global treasurer/creditor who:

• Knows what we did last night
• Shares that info with whomever it pleases
• Laughs like this

So yes, Facebook Credits are right around the corner. Facebook First International Trust, on the other hand, may take a while to get here.

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