Lol remember Libra?pic.twitter.com/enoHvEZifB
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How is a centralized cryptocurrency pegged to the dollar differs in any way from a "transactions" table in the Facebook database is a question for larger minds than mine
Facebook's stated aim was to create a currency to rival the dollar, and I guess step 1 of that is to tether it to the dollar, so the dollar can't escape.
A more serious question is why Zuckerberg's grandiose projects continue to get taken so seriously. Curing all disease, replacing the dollar, running-not-running for President, all these received massive amounts of press coverage unaffected by the many previous failures.
The Facebook Oversight Board should be seen through the lens of this serial grandiosity. The company is cosplaying a state—it wants its own currency, its own Supreme Court, its own Maximum Leader. (To their credit Facebook has so far stayed out of the plutocracy space race)
When are they gonna release a version that works in my building's washer and dryer?
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