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Facebook’s Libra Cryptocurrency Betrays Its True Ambitions

The social community needs to permit simple, affordable world trade, positive. But its final targets are a bit of extra … geopolitical.
The social network wants to enable easy, inexpensive global commerce, sure. But its ultimate goals are a little more … geopolitical.

Original article
Original article
Author: Wired

Wired has recently written 9 articles on similar topics including :
  1. "Computer science professor David Gelernter envisaged social networks long before Facebook. Now, he wants to reclaim the concept, using blockchain technology". (July 4, 2019)
  2. "The idea that FaceApp is somehow exceptionally dangerous threatens to obscure the real point: All apps deserve this level of scrutiny". (July 17, 2019)
  3. "On this episode of Gadget Lab, WIRED writer Greg Barber explains the intricacies of Facebook’s ambitious plan to and how Libra is poised to rattle the future of crypto". (July 13, 2019)
  4. "The executive, in announcing his departure, was the last of the Oculus founders still at the company". (August 13, 2019)
  5. "Tim Wu, who coined the phrase "net neutrality," spoke with WIRED Editor-in-Chief Nicholas Thompson at the Aspen Ideas Festival". (July 5, 2019)
  6. "Alex Jones, Infowars, Laura Loomer and Milo Yiannopoulos are expelled from Facebook and Instagram, but the ban's rollout went awry". (May 3, 2019)
  7. "Facebook’s latest report lays out the sheer scale of its battle against fake accounts, spam, and other abuses". (May 24, 2019)
  8. "A report says Facebook is seeking investors for its planned cryptocurrency, and merchants who might accept the virtual coin". (May 4, 2019)
  9. "But lawmakers appear too divided still to do anything meaningful about it". (July 19, 2019)
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