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Sad to hear. A currency/wallet backed by a major tech company devoid of usual fatal flaws of crypto (PoW distributed blockchain, inflexible supply, slow, irreve
by bluecalm 5y ago
Sad to hear.
A currency/wallet backed by a major tech company devoid of usual fatal flaws of crypto (PoW distributed blockchain, inflexible supply, slow, irreversible etc) would be most welcome.
I mean my private data is already passed around when I use Visa/MasterCard. I am already raped by forced conversion fees when using PayPal (basically additional 3% penalty for anyone not based in USA). The customer support and merchant protection is already non-existent with those options and security can only be described as a complete joke (the whole "carding industry" merchants are forced to pay for due to biased charge back process).
I trust Facebook to get those things much better. I think their track record on privacy is way better as well. I hope they can keep the project running and compete with dinosaurs of today payment processing/credit card industry.
- hetspookjee 5y agoHow is Facebook’s privacy in even the broadest sense better then those of Mastercard and visa. They run experiments on entire groups, this list is longer than I can possible fit in this post. The biggest fear you can have for Mastercard and Visa is that they accidentally give away your private data for free to the world instead of selling it off to some data aggregators.