Facebook is about to get its own cryptocurrency called Libra. In a sense, Facebook CEO Mark Zuckerberg is declaring that he wants his platform to become a virtual nation, populated by users, powered by a self-contained economy, and headed by a CEO - Zuckerberg himself - who is not even accountable to his shareholders.
Facebook has announced a plan to launch a new cryptocurrency named the Libra, adding another layer to its efforts to dominate global communications and business. Backed by huge finance and technology companies including Visa, Spotify, eBay, PayPal and Uber – plus a ready-made user base of 2 billion people around the world – Facebook is positioned to pressure countries and central banks to cooperate with its reinvention of the global financial system.
On Wednesday, Facebook announced Libra, a cryptocurrency that it will launch (along with 27 other partners) in 2020.
A little like Bitcoin and a little like PayPal, Libra will be a new digital currency, one available to people without bank accounts or credit cards, but that could potentially be a major force for the rest of us, too. But first you have to trust Facebook with yet more personal data. Here’s what you need to know.
Humanity needs ethical leadership, and time to think through the potential repercussions of rapid technological change. That’s why, in my view, Facebook’s cryptocurrency should be blocked by financial regulators until its design has been proved to be safe for all of global society.
I am passionate about porridge. I eat it every day and it is the king of breakfasts.
It is also a malleable breakfast. It's convenient. If your office or home has a microwave you are only five minutes away from a delicious hot meal that will sustain you until lunch and beyond.
I am a porridge samurai. I've been cooking porridge in a microwave practically every working day for the past three years. During this time I have sharpened my sword. Today I would like to share with you my techniques.
Alfalfa sprouts, clover sprouts and bean sprouts are delicious, in my (and possibly only my) humble opinion. But, like lettuce, they are prone to contamination and served raw. Right now, the U.S. is in the middle of a multi-state outbreak of E. coli linked to clover sprouts served at Jimmy John’s, a U.S. sandwich franchise.