In Facebook
Facebook, Libra, and the Long Game
Stratechery
Libra is less about an immediate benefit to Facebook, and more about creating a world where companies like Facebook have the best chance to prosper. That is why Facebook gave up so much control.
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The Guardian
Libra cryptocurrency: dare you trust Facebook with your money?
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4 min read · 91 saves · 2019-06-23 · A witty and entertaining editorial by internet expert and academic John Naughton discussing Facebook’s cryptocurrency venture, Libra, as described in a recently released white paper. Naughton bases his description of Libra more on Facebook’s reputation than on a close reading of the material. While this preliminary proposal doesn’t fully reveal how Facebook could exploit Libra or abuse user privacy, it opens the door to more evaluation and critique than the author delves into here. The engaging op-ed describes technical concepts in accessible terms, offers useful context, and raises valid concerns for anyone either interested in the digital asset landscape or who just wants to learn more about how tech will continue to shape history.
