Facebook’s Cryptocurrency Won’t Let You Buy Your Privacy Back
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 crypto plans are still pretty unclear. One thing is for certain: the blockchain can be used for anything at all. It can be used to increase personal freedom – or take it away. Blockchains store value, track supply chains and enable tamper-resistant voting. The technology can probably also be used to successfully launch an uncontrollable version of SkyNet.