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> Facebook says its “stablecoin,” will empower billions and underpin a stunningly ambitious global economy, without selling your data. I wonder how many millio
by newscracker 7y ago
> Facebook says its “stablecoin,” will empower billions and underpin a stunningly ambitious global economy, without selling your data.
I wonder how many millions of people were drinking their favorite beverage while reading this and spat it out on whatever/whoever was in front of them!
It’s astonishing that after all these years and all the scandals, they’re deluded enough to write such lines with a straight face. This might as well have appeared on The Onion.
> If we want this to succeed we can’t make it network of choice for criminal activity of any kind. - David Marcus
Good luck with that! This point doesn’t gel with the other point he makes about this being private and that Facebook’s social profiles and the financial wallets/accounts will not be commingled. I’d wager that the latter promise would be like WhatsApp saying during its acquisition that nothing would change and that WhatsApp data will not be used for ads. We know what happened to that within a few years.
- pault 7y agoThe future is privacy™
- drcode 7y agoYeah, I'm going to guess #corporatecoin will die from a thousand regulatory papercuts, because they won't be able to prevent criminal activity without exerting draconian control over the payment network, and then it will be too inconvenient for anyone to use.
- hobofan 7y agoI mean technically sharing the data between the validators _for free_ doesn't count as selling.
- benmunster1 7y agolol I wrote that subhed — was fully meant to be ironic
- uoaei 7y agoWe're not selling your data, you are!