Wednesday, June 19, 2019

An Issue Of Trust

Facebook cannot be trusted with your data, so why trust them with your money?

https://www.technocracy.news/libra-facebook-partners-with-27-companies-to-launch-global-cryptocurrency/

If I ran the US Treasury, I would assert that only the US government has the authority to issue money. Allowing corporations to do so instead radically undermines government authority.

1 comment:

  1. Here is further discussion of the issue:

    https://www.reuters.com/article/us-facebook-crypto-congress-idUSKCN1TJ2SJ

    ReplyDelete