Facebook is moving into cryptocurrency, aiming to create some type of stablecoin that will make it possible for users within its gargantuan network to transfer value to each other. Why Facebook doesn’t simply use an existing cryptocurrency is, of course, a mystery. Facebook’s Not Going Full Crypto Perhaps it fears to open the minds of users too much: from cryptocurrency they might graduate to better social media platforms, like Minds.com. What will the real value of another token pegged to the US dollar be to the crypto community? We can assume that over such a broad swath of users, the
The post Facebook’s Cryptocurrency Won’t Let You Buy Your Privacy Back appeared first on CCN
source https://www.ccn.com/facebooks-cryptocurrency-wont-let-you-buy-your-privacy-back
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