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Facebook to unveil new cryptocurrency
From phys.org:
Facebook is set Tuesday to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants.
The world's biggest social network is expected to outline details of a virtual currency launching next year that it hopes will avoid the rollercoaster volatility of "blockchain" technologies such as bitcoin.
Facebook is setting up a consortium called "Libra" which, according to the Wall Street Journal, has been joined by more than a dozen companies including Visa, Mastercard, PayPal and Uber.
The companies along with venture capitalists and telecommunications firms will reportedly invest around $10 million each into the consortium.
more ...
The world's biggest social network is expected to outline details of a virtual currency launching next year that it hopes will avoid the rollercoaster volatility of "blockchain" technologies such as bitcoin.
Facebook is setting up a consortium called "Libra" which, according to the Wall Street Journal, has been joined by more than a dozen companies including Visa, Mastercard, PayPal and Uber.
The companies along with venture capitalists and telecommunications firms will reportedly invest around $10 million each into the consortium.
more ...
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Facebook to unveil new cryptocurrency (Original Post)
Jim__
Jun 2019
OP
If I can't trust FB to keep my data safe; how can I trust them to keep my Libra safe?
Shell_Seas
Jun 2019
#1
I know right? They steal users' data all the time - now they want to steal users' money.
lagomorph777
Jun 2019
#2
Shell_Seas
(3,318 posts)1. If I can't trust FB to keep my data safe; how can I trust them to keep my Libra safe?
lagomorph777
(30,613 posts)2. I know right? They steal users' data all the time - now they want to steal users' money.
No thanks to both; I will never touch Facebook or Twit.
democratisphere
(17,235 posts)3. fakebook needs to be dismantled, along with Google, as they are both
wielding too much power.
empedocles
(15,751 posts)4. 'Power corrupts' - Acton
SharonAnn
(13,766 posts)6. And "absolute power corrupts absolutely"
Blue_Tires
(55,445 posts)5. Why does everybody have a hard-on for virtual money startups?
dalton99a
(81,065 posts)7. Cryptocurrency is what will bring back younger people