Post
Topic
Board Speculation (Altcoins)
Re: FaceBook is developing new cryptocurrency
by
Cnut237
on 04/08/2019, 11:14:48 UTC
Facebook [...] must accept some of the parliamentary information security conditions.
I suspect they will terminate this project.

Facebook's money-making is based on surveillance capitalism, that is the exploitation and selling of user data. They have some really advanced behavioural profiling algorithms, and they are not going to stop this activity anytime soon. Facebook absolutely will not comply with any restrictions to do with information security. Of course they may say they'll comply, and they may convince (or bribe) officials in order to legally comply, but that's a different thing altogether.

I don't like Facebook, but they are undeniably hugely successful. I imagine they've put a vast amount of effort into Libra, and I don't think there's any chance of FB giving up on this.