My quick short view on Libra cryptocurrency

Facebook Libra

  • Facebook is full of crap and this privacy first play is just total bull. I don’t trust facebook, but to be fair I don’t trust my bank, however there business model isn’t completely at odds with my freedom as a digital citizen.
  • Cryptocurrency for the masses is not such a bad thing but theres so little information I can just imagine the headlines about being taken for their life savings.
  • A single global currency is a very very bad idea for many reasons not worth going into now.
  • I know Facebook is only spearheading the libra Association which is a not-for-profit organization but its FACEBOOK Remember! I don’t even really think the others are in it for anything more than a punt.
  • Calibra the tools facebook have built to work with Libra do not subscribe to the same ideas as the association and that might not be a bad thing in your book but it clearly points towards the endless dominance of facebook in this association.

Don’t get zuckered into this all, againglad others have push back hard.

Author: Ianforrester

Senior firestarter at BBC R&D, emergent technology expert and serial social geek event organiser.

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