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> metaverse project, previously distracted by making a cryptocurrency Crypto is of course 95% all a scam, but as crazy as it may look from the outside I think
by paganel 4y ago
> metaverse project, previously distracted by making a cryptocurrency
Crypto is of course 95% all a scam, but as crazy as it may look from the outside I think Zuckerberg was right on that one.
He didn't want to compete against the likes of all the crypto-bros and the other crypto scammers, there were no hundreds-of-billions to be made out of that, he wanted to compete against governments and central banks by actually instituting a "global" e-currency.
That's why a lot of central bankers and governments reacted immediately to Facebook's announcement, they knew what was at stake. If anyone could have technically accomplished that, on the private/non-government side, that was Facebook (or maybe Amazon, possibly Google). Of course many central banks and governments now want to implement the same "global" e-currency project that they were very quick to deny to Zuckerberg.