Was this a humbler, more responsible Zuck?
Lol
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If the project is successful, it would give Facebook more power over the global economy than any government
It'll also create an huge new stream of data the company can exploit popular.info/p/facebooks-pl…
But it could provide low-cost money transfers through its apps without creating a new global currency
It's not about altruism. It's about $
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But it is not decentralized. To participate, you need approval from the entity Facebook created (and still controls)
It does not use "blocks" or "chains." It's just marketing
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But Facebook created this foundation and designed the currency - all to benefit Facebook - before any partners were brought in popular.info/p/facebooks-pl…
It says it won't share the data with itself without the customer's "permission"
Translation: It can use the data for ad targeting
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Facebook says it's committed to creating a "regulatory environment" that will support Libra
Note: This is different than saying it will follow the law
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