Wednesday, July 3, 2019

How Facebook Tried to Destroy an Entire Industry and Eliminate Its Competition
The plot thickens. Last month, Facebook announced that they were going to be money, create money – cryptocurrency, a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank. But first they had to destroy the competition.
They took our freedom, mined, stole and sold our private data and messaging. Given Facebook’s repeated and ongoing violations of ethical obligations and user trust why in the world would anyone use this? Who would entrust those abusive fascists with our wallets? What benefit could it possibly the end user versus the risk of them doing something dodgy with that data or worse, giving them more power?

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