Facebook’s Currency Already Was Devalued

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Heard on the Street: Cryptocurrency was always going to be a hard sell, especially when the seller was Facebook

Cryptocurrency was always going to be a hard sell—especially when the seller was Facebook.

Granted, the social network took great pains to avoid an ownership role. When Facebook formally announced its libra project in June, the plans included a subsidiary called Calibra that would run the venture with help from diverse partners, promising “separation between social and financial data.” That was a requisite move as Facebook has spent the past two years entangled in scandals involving the reams of data it collects on the 2.7...

 

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Yes, useless, unstable fake currencies with no apparent purpose beyond speculation and money laundering for drug dealers and tax cheats was indeed always gonna be a hard sell. Ah just got the pun “hard sell”

Facebook is a Cheaters Company. It has Zero Credibility to manage a crypto currency.

I liked the ending, but the fall would only for the greater rise, I believe. Apparently, in a couple of years.

heard I've been laughing about the Zuck Buck thing for longer than I would like to admit

heard I erased my facebook account yesterday, never been happier!

heard in zuck we trust?

heard Maybe call it 'The Libra' instead. Add the The.

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