Libra's biggest problem? Facebook
- December 5, 2019
- Bill Maurer, anthropology and law professor and social sciences dean, Wired, Dec. 5, 2019
Digital currency Libra needs Facebook's global reach to succeed, but the social network is also the biggest driver of its backlash. As regulators gather, controversy reigns. … As the controversy rages on, Bill Maurer, the dean of social sciences at the University of California, Irvine, sees a missed opportunity to have necessary discussions about important issues with the world’s financial systems and the impacts on democracy. “In a way, I think, unfortunately, because it is Facebook, it's just, ‘get them in front of us on the TV cameras, and let's yell and scream at them about privacy and security’,” he says.
For the full story, please visit https://www.wired.co.uk/article/libra-cryptocurrency-facebook.