“The latest headline suggests the company’s planned foray into cryptocurrencies will be stillborn.”
I suspect the commercial success of the Libra isn’t the point, but rather so that Zuck — and, thereby, liberty and independence-hating Big Tech — can achieve a monopoly on block-chain technology. Among other things, this would allow them to squash competing media, such as BitChute and LBRY, both of which utilize block-chain.
Now, I know next to nothing about how cryptos work, so I don’t know if this is possible. I just wanted to get that out of my head.
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“The latest headline suggests the company’s planned foray into cryptocurrencies will be stillborn.”
I suspect the commercial success of the Libra isn’t the point, but rather so that Zuck — and, thereby, liberty and independence-hating Big Tech — can achieve a monopoly on block-chain technology. Among other things, this would allow them to squash competing media, such as BitChute and LBRY, both of which utilize block-chain.
Now, I know next to nothing about how cryptos work, so I don’t know if this is possible. I just wanted to get that out of my head.