A witty and entertaining editorial by internet expert and academic John Naughton discussing Facebook’s cryptocurrency venture, Libra, as described in a recently released white paper. Naughton bases his description of Libra more on Facebook’s reputation than on a close reading of the material. While this preliminary proposal doesn’t fully reveal how Facebook could exploit Libra or abuse user privacy, it opens the door to more evaluation and critique than the author delves into here. The engaging op-ed describes technical concepts in accessible terms, offers useful context, and raises valid concerns for anyone either interested in the digital asset landscape or who just wants to learn more about how tech will continue to shape history.
About the Author
John Naughton is an academic, a researcher and the author of two books about the history of the internet.