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Facebook’s Libra Cryptocurrency Betrays the Company’s True Ambitions

Facebook’s Libra Cryptocurrency Betrays the Company’s True Ambitions

So, imagine there’s this place. You hang out there all the time. Your friends and family are there. It’s got neighborhoods, both big and small. There are businesses there, you get most of your mail there in the form of digital messages.It’s not perfect: Sometimes there’s crime, or that one neighbor who keeps pushing the…
Facebook, Libra, and the Long Game

Facebook, Libra, and the Long Game

When I get things wrong — and I was very much wrong about Facebook’s blockchain plans — the reason is usually a predictable one: confirmation bias. That is, I tend to already have an idea of what a company’s motivations are, and then view news through that lens, without failing to think critically about what…
Facebook’s libra cryptocurrency will fail if it doesn’t gain people’s trust

Facebook’s libra cryptocurrency will fail if it doesn’t gain people’s trust

When Facebook unveiled its libra cryptocurrency effort last week, I thought two things at once about it: That’s got to be its most arrogant move ever, given the annus horribilis for the social networking giant over its mishandling of everything from disinformation to hacking to hate speech to … well, you get the idea. That’s…
The VCs behind Libra, Facebook’s new cryptocurrency

The VCs behind Libra, Facebook’s new cryptocurrency

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Sadly, Equity co-host Alex Wilhelm is out this week, but for good reason: He’s getting married this weekend. Fortunately, we had the esteemed TechCrunch editor Danny Crichton step in to discuss Slack’s direct listing, Facebook’s new cryptocurrency, the…
Facebook’s Libra cryptocurrency: everything you need to know

Facebook’s Libra cryptocurrency: everything you need to know

Contributors: Verge Staff Image credit: Image: Facebook Facebook is planning to launch a cryptocurrency it hopes will “transform the global economy.” The currency, named Libra, is being developed by Facebook, but the company intends to share control with a consortium of organizations, including venture capital firms, credit card companies, and other tech giants. At launch,…
Facebook’s Libra won’t be as power-hungry as Bitcoin

Facebook’s Libra won’t be as power-hungry as Bitcoin

Libra, Facebook’s new cryptocurrency, is expected to have a smaller environmental footprint compared to some of its more notorious blockchain brethren, including bitcoin, according to experts. Its energy demands are projected to be more like those of existing data centers — which, while still demanding, aren’t quite as energy-hungry as mining bitcoins. The currency hasn’t…
Facebook’s Libra Reveals Silicon Valley’s Naked Ambition

Facebook’s Libra Reveals Silicon Valley’s Naked Ambition

As David Mamet once wrote, “Everybody needs money. That’s why they call it money!” And when you have more money than anyone could ever need, you call it Libra.Facebook on Tuesday introduced a comprehensive, borderless economic system for its platform, which is based on a new cryptocurrency, Libra. The company plans to sit ostentatiously on…
The real risk of Facebook’s Libra coin is crooked developers

The real risk of Facebook’s Libra coin is crooked developers

Everyone’s worred about Mark Zuckerberg controlling the next currency, but I’m more concerned about a crypto Cambridge Analytica. Today Facebook announced Libra, its forthcoming stablecoin designed to let you shop and send money overseas with almost zero transaction fees. Immediately, critics started harping about the dangers of centralizing control of tomorrow’s money in the hands…
Libra: Facebook may have too many users for its cryptocurrency to fail

Libra: Facebook may have too many users for its cryptocurrency to fail

Facebook doesn’t have much consumer trust. But it does have a hell of a lot of consumers. And that’s enough to make Libra, the new virtual coin that Facebook is announcing on Tuesday, the most consequential cryptocurrency effort undertaken in several years. Cryptocurrencies can be used to digitally pay for goods and services, like a…

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One of the most remote settled islands is plagued by plastic...

Nowhere is safe — And plastic water bottles are a particularly frequent culprit. Cathleen O'Grady - Oct 3, 2019 8:08 pm UTC Enlarge / Plastic water bottles washed up on a beach.Roughly halfway between Argentina and South Africa, in the middle of the South Atlantic Ocean, is the most remote settlement on earth. The island…

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