Should you trust Facebook Libra? The new cryptocurrency could compromise your personal information

Facebook plans to create a cryptocurrency called Libra that will let users all over the world buy things and send money quickly with low or no transaction fees. But critics worry using Libra could compromise people's private information.

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  • RiDal Sandy, UT
    June 24, 2019 11:15 a.m.

    I really can't imagine how anyone at Facebook thought this was a good idea; especially after the exposure of their spying practices.
    Most people read "1984" and are appalled and horrified to hear about a fictional central authority who controls how you think and severely persecutes any "thought-crime".
    But it is as if the executives at Facebook read it and thought "Hey, we could really make this work!"

  • jo1952 Redmond, WA
    June 24, 2019 9:36 a.m.

    The problem with it is, if you have a conservative point of view, which is considered "problematic" by Facebook it will also be considered "problematic" by Facebook currency. They are trying to control the way we think and if we don't conform, we are not allowed to use their platform or their bit coins to earn money. People might not know it, but many, many non-conformists are accused of being nazis, racists, misogynistic, xenophobic bigots -- That's what you are called if you believe in the Bible -- by left wing activists and that noise is all it takes to get deplatformed, demonitized, and kept from having a Chase or Mastercard or Paypal account. These aren't awful people, one guy taught his girlfriend's dog the nazi salute as a joke. His entire life has been ruined. Do we really want Google & Facebook to dictate to us what to think? That's Marxist, and very dangerous.

  • ERB Eagle Mountain, UT
    June 20, 2019 1:10 p.m.

    There is no way that I would trust Mark Zuckerberg.

  • Pragmatic One Mesa, AZ
    June 19, 2019 8:49 a.m.

    In Zuckerberg We Trust??? Sorry, I don't think so.

  • RiDal Sandy, UT
    June 19, 2019 7:38 a.m.

    The fact that anyone at Facebook thought this is a good idea shows how completely out of touch they are.

    Or maybe they are deliberately hoping to "catch" some suckers who will turn over all their personal and financial data! LOL!

  • SFSteveS SF, CA
    June 18, 2019 11:36 p.m.

    Facebook is built on a model of making money by selling your data ...

    Best to stay as far as possible from Mark Zuckerberg and do not use his applications at all ...

  • Elsleuth Valencia, Ca
    June 18, 2019 6:27 p.m.

    The government (NSA) , Google and Facebook already have too much information on US citizens. And now we are adding a new currency to Facebook? Some good healthy competition on the internet would be helpful. Then we could choose has earned our trust and who we want to bank with. The information age is also the age ob Big Brother.

    "Big Brother is a fictional character and symbol in George Orwell's novel Nineteen Eighty-Four. He is ostensibly the leader of Oceania, a totalitarian state wherein the ruling party Ingsoc wields total power "for its own sake" over the inhabitants." Sound familiar?