The real risk of Facebook’s Libra coin is crooked developers

The real risk of Facebook’s Libra coin is crooked developers

5 years ago
Anonymous $9jpehmcKty

https://techcrunch.com/2019/06/18/libra-analytica/

Everyone’s worried about Mark Zuckerberg controlling the next currency, but I’m more concerned about a crypto Cambridge Analytica.

Today Facebook announced Libra, its forthcoming stablecoin designed to let you shop and send money overseas with almost zero transaction fees. Immediately, critics started harping about the dangers of centralizing control of tomorrow’s money in the hands of a company with a poor track record of privacy and security.