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.