Facebook reveals its cryptocurrency Libra

Re:Facebook reveals its cryptocurrency Libra by an_d_rew on Tuesday June 18, 2019 @03:17PM (#20217217)

Well, perhaps a deep exploration of the pros and cons are warranted, but...

FB has been caught willfully and negligently lying multiple times. (And yes, I'm aware that many banks have done the same.) Nonetheless, why would I choose to trust them over any other payment system?

What's Zuck's testimony to Congress going to be in five years? "We could have done better. We will do better. Who could have forseen this nightmare mess...?"

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Re:Facebook reveals its cryptocurrency Libra by Amygaz on Tuesday June 18, 2019 @05:26PM (#20218609)

My impression of what Libra is to FB is equivalent to that Silicon Valley episode where they did an ICO to found their business and get more users at the same time. I don’t believe FB’s altruistic intention for one second.

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Re:Facebook reveals its cryptocurrency Libra by xenospn on Tuesday June 18, 2019 @09:14PM (#20220063)

I can't wait for the 2025 3-season Facebook Special of American Greed.

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Re:Facebook reveals its cryptocurrency Libra by what_ever on Tuesday June 18, 2019 @09:25PM (#20220109)

Sure, but there should be a discussion about the tech and how it may/may not turn out instead of hur-dur FB bad. This is Hacker News after all not Privacy News.

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Re:Facebook reveals its cryptocurrency Libra by trhway on Tuesday June 18, 2019 @03:35PM (#20217435)

Those dumb f@cks trust me with their money...

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