4 ms·

You’re forgetting that governments regulate the companies behind Libra, and can and will regulate it.

mschuster91 7y ago
> You’re forgetting that governments regulate the companies behind Libra, and can and will regulate it. Well... let's say you're a politician wanting to regulate Facebook, and let's say you have an affair with whom you communicate on Facebook or in Instagram DMs. If I were Facebook, I'd simply let an investigation team check if any dirt can be mined out of the troves of data - anything, even the dataset of GPS or other location pinpoints, can be enough to get a first hint. And now I discretely contact you and advise that there may be information around and that it would be a pity if that information were to get public. This is the ultimate problem with the size and capabilities that companies such as Facebook have.
- lelima 7y ago
  >> I'd simply let an investigation team check if any dirt can be mined out of the troves of data That's Dark and Illegal
  - graphGL 7y ago
    Yeah, Facebook would never do anything dark and illegal
  - pbhjpbhj 7y ago
    You're just trying to entice Facebook in to doing it, aren't you. ;o)
- cr0sh 7y ago
  > And now I discretely contact you and advise that there may be information around and that it would be a pity if that information were to get public. Is this really a threat any longer? I mean, Stormy Daniels, $130k payoff pre-election, etc and all...
  - flycaliguy 7y ago
    Usually when blackmailing a politician, the whole affair thing is a negotiated middle ground.
woodpanel 7y ago
That’s why the Libra Association is being set up in Switzerland.
Yizahi 7y ago
Which is why FB tried to pretend that they aren't involved by creating a fictional offshore "foundation" (Calibra). But that won't help them anyway. Offshore "foundations" are not get out of jail card.
- np_tedious 7y ago
  "Libra" is the ostensibly independent / consortium organization in Switzerland. "Calibra" is a wholly owned Facebook subsidiary

> You’re forgetting that governments regulate the companies behind Libra, and can and will regulate it. Well... let's say you're a politician wanting to regulate Facebook, and let's say you have an affair with whom you communicate on Facebook or in Instagram DMs. If I were Facebook, I'd simply let an investigation team check if any dirt can be mined out of the troves of data - anything, even the dataset of GPS or other location pinpoints, can be enough to get a first hint. And now I discretely contact you and advise that there may be information around and that it would be a pity if that information were to get public. This is the ultimate problem with the size and capabilities that companies such as Facebook have.

lelima 7y ago
>> I'd simply let an investigation team check if any dirt can be mined out of the troves of data That's Dark and Illegal
- graphGL 7y ago
  Yeah, Facebook would never do anything dark and illegal
- pbhjpbhj 7y ago
  You're just trying to entice Facebook in to doing it, aren't you. ;o)
cr0sh 7y ago
> And now I discretely contact you and advise that there may be information around and that it would be a pity if that information were to get public. Is this really a threat any longer? I mean, Stormy Daniels, $130k payoff pre-election, etc and all...
- flycaliguy 7y ago
  Usually when blackmailing a politician, the whole affair thing is a negotiated middle ground.

woodpanel 7y ago

That’s why the Libra Association is being set up in Switzerland.

Yizahi 7y ago

Which is why FB tried to pretend that they aren't involved by creating a fictional offshore "foundation" (Calibra). But that won't help them anyway. Offshore "foundations" are not get out of jail card.

np_tedious 7y ago
"Libra" is the ostensibly independent / consortium organization in Switzerland. "Calibra" is a wholly owned Facebook subsidiary