Having access to foreign currency, or other money constructs, substituting as a medium of exchange, wont magically drive economic growth and stability in an emerging economy.

The concept of “banking the unbanked” without understanding foundations of economic policy is harmful. In cases where less developed economies leverage currencies like #Libra it could lead to longer term sustained negative impacts to those economies.

Social media privacy issues may not be simply solvable by tech alone. It’s a busines model issue. Root cause is perception that “Internet should be free.” In reality it’s anything but free.Value is created & paid for through prospect of attention & monetisation through Ad revenue

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With a “blockchain based social media network” you may solve issues of nano-payments for posting to make spam expensive, but this can also be done right now by Facebook - they can simply start charging monthly fee for usage. But this will impact use of their network.