Have You Heard About Facebook’s New Currency?

If you haven’t heard, Facebook is coming out with it’s own currency, called Libra. Unfortunately, I think it’s going to be big.

I say unfortunately because Facebook already has too much power over our lives. I personally don’t trust Mark Zuckerburg as far as I could throw him, nor do I trust the people who work at Facebook, or Silicone Valley in general.

A recent article in The Atlantic had this to say, “In the name of eliminating inefficiency and injustice in the financial system around the globe, Facebook’s new cryptocurrency threatens to replay what’s become a familiar story—of tech companies blithely reshaping the world around them, and significantly increasing their power over people’s lives, while being accountable to no one.

I completely agree with this statement. Libra is going to make Facebook significantly more powerful than it already is, and for this reason, I don’t want anything to do with Libra.

I recommend this article from The Atlantic that explains Facebook’s new currency.

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6 Comments

  1. I never had nor will ever have a sh*tbook account. Mark is a liar and a thief. I keep my private life private and give out as much false information as possible.

  2. I’ve not ‘bought into’ the crypto currency scheme at any level. I am with you, Glenn, that FB already has way too much power already. I ‘have’ to deal with FB because of business dealings. But Libra? No thank you.

  3. Totally agree Glenn! FB is a monster of destroying people’s privacy & not playing by any rules. I have an acct, but haven’t been on in 6 months. I’m sick of the lies & now people are going to trust them with their money! NO thx. Not into cryptocurrency either. Or a fan of big gov, but anti trust & laws against monopolies are there for good reason. FB, Google, Amazon, are the main three that should be broken up. Many Repub & Dems agree on this, but the 3 letter agencies love them. These companies collect so much data on everyone for them. As one Intel head said a few years ago, “It’s a treasure trove of valuable data.” Even if you don’t use these companies, some of your family & friends do, so the spider web grabs you too.

    It’s damned if you do, damned if you don’t. Hopefully, a solution comes to the surface soon. As it’s out of control! Encryption works, but is a pain & so few use it. Making it pointless for coms. smh!

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