caromia333
06-21-2019, 05:49 PM
There are several articles on this breaking story about Facebooks new currency - this is HUGE:
https://www.truthdig.com/articles/facebooks-authoritarian-money-grab/
"And here we enter the territory laid out by the writer Max Read in a smartly speculative article for New York Magazine’s Intelligencer: Facebook is less interested in either the crypto or the currency, per se, than it is in becoming the dominant platform for payment (http://nymag.com/intelligencer/2019/06/what-is-libra-facebooks-new-cryptocurrency.html), emulating the already existing and ubiquitous Chinese social-cum-payment network WeChat. “If you think Facebook is powerful now, just wait until it’s, essentially, the global federal reserve, overseeing a global currency over which it has not just monetary control but a visible, minable record of every transaction made,” he writes.
https://newrepublic.com/article/153515/final-battle-big-techs-war-dominate-world
Apple, Amazon, Facebook, and Google are waging a war of all against all—a war for all of your time, all of your money, all of your worldly interactions and desires. They want to be your one indispensable partner for navigating life, and to get there, they must destroy one another. If the government doesn’t step in (https://medium.com/@teamwarren/heres-how-we-can-break-up-big-tech-9ad9e0da324c), the American public will become collateral damage.
....To know about individuals’ actual finances—what they purchase; how much they send home to mom; what they withdraw from the ATM—is a step beyond, into a realm of omnipresent surveillance that no authoritarian regime dared dream of. That is, at least not before the modern People’s Republic of China, which, notably, Facebook is here self-consciously emulating.
47018 *************
Remember one thing - most of our problems; social, economic, climate and environment can be address through localization - building resilient communities.
If you are sick of talking about these problems and want to do something that would have a big impact go to: www.howtostarttherevolution.org (http://www.howtostarttherevolution.org)
https://www.truthdig.com/articles/facebooks-authoritarian-money-grab/
"And here we enter the territory laid out by the writer Max Read in a smartly speculative article for New York Magazine’s Intelligencer: Facebook is less interested in either the crypto or the currency, per se, than it is in becoming the dominant platform for payment (http://nymag.com/intelligencer/2019/06/what-is-libra-facebooks-new-cryptocurrency.html), emulating the already existing and ubiquitous Chinese social-cum-payment network WeChat. “If you think Facebook is powerful now, just wait until it’s, essentially, the global federal reserve, overseeing a global currency over which it has not just monetary control but a visible, minable record of every transaction made,” he writes.
https://newrepublic.com/article/153515/final-battle-big-techs-war-dominate-world
Apple, Amazon, Facebook, and Google are waging a war of all against all—a war for all of your time, all of your money, all of your worldly interactions and desires. They want to be your one indispensable partner for navigating life, and to get there, they must destroy one another. If the government doesn’t step in (https://medium.com/@teamwarren/heres-how-we-can-break-up-big-tech-9ad9e0da324c), the American public will become collateral damage.
....To know about individuals’ actual finances—what they purchase; how much they send home to mom; what they withdraw from the ATM—is a step beyond, into a realm of omnipresent surveillance that no authoritarian regime dared dream of. That is, at least not before the modern People’s Republic of China, which, notably, Facebook is here self-consciously emulating.
47018 *************
Remember one thing - most of our problems; social, economic, climate and environment can be address through localization - building resilient communities.
If you are sick of talking about these problems and want to do something that would have a big impact go to: www.howtostarttherevolution.org (http://www.howtostarttherevolution.org)