Facebook's cryptocurrency Libra rides the decentralization bandwagon when in reality it might become the ultimate step towards wealth consolidation and information control of the global Facebook empire.
Facebook is going to launch its own cryptocurrency with the potential of turning the social network into the largest payment service in the world. Zuckerberg promises strong privacy protections and claims the new digital currency will be independent of the Facebook company. The new coin called Libra is planned to launch in early 2020, and to market it, Facebook is capitalizing on the growing popularity of blockchain cryptocurrencies. Sources Libra White Paper & official documentation https://libra.org/en-US/white-paper/ https://libra.org/en-US/about-currenc... https://libra.org/en-US/association-c... https://libra.org/en-us/becoming-foun... https://libra.org/en-US/permissionles... https://developers.libra.org/docs/lif... https://developers.libra.org/docs/lib... https://developers.libra.org/docs/lib... https://developers.libra.org/docs/the... https://developers.libra.org/docs/ass... News coverage of Libra https://www.theguardian.com/technolog... https://edition.cnn.com/2019/06/18/te... https://www.theverge.com/2019/6/18/18... https://www.theverge.com/2019/6/26/18... https://www.nytimes.com/2019/06/19/op... https://www.bloomberg.com/news/articl... https://www.bloomberg.com/opinion/art... https://marginalrevolution.com/margin... https://www.nytimes.com/2019/02/28/te... https://www.bloomberg.com/news/articl... https://www.coindesk.com/report-uber-... https://www.bbc.com/news/business-483... https://www.bbc.co.uk/news/business-4... https://www.investopedia.com/what-is-... https://www.coinspeaker.com/project-l... https://www.coinspeaker.com/barclays-... https://www.coindesk.com/everything-w... http://www.ccn.com/crypto/facebook-r...to/2019/07/07/ https://www.ccn.com/news/dangerous-al... https://www.bloomberg.com/news/articl... Satoshi Nakamoto introducing Bitcoin https://satoshi.nakamotoinstitute.org... Facebook operates as a dictatorship https://www.ccn.com/shareholders-want... https://www.latimes.com/business/hilt... Other stablecoins https://www.coindesk.com/makerdao-que... Other social media cryptocurrencies https://www.nytimes.com/2018/03/04/te... Sandberg and Zuckerberg on a paid version of Facebook https://fortune.com/2018/04/07/sheryl... https://www.businessinsider.com/mark-... Facebook political censorship https://www.theguardian.com/technolog... The difference between permissionless and permissioned blockchains https://www.coindesk.com/information/... Bitcoin rich list https://bitinfocharts.com/top-100-ric... Shapeshift blacklisting bitcoin addresses https://www.ccn.com/shapeshift-is-ass...