Thumbs Down to Facebook’s Cryptocurrency | by Joseph E. Stiglitz

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Just nailes it!
Thanks for sharing it here.

Only a fool would trust Facebook with his or her financial wellbeing. But maybe that’s the point: with so much personal data on some 2.4 billion monthly active users, who knows better than Facebook just how many suckers are born every minute?

That’s one harsh intro. But it’s true. Even if don’t closely follow digital privacy, there is simply no reason to tie your financial activity to any social network, let alone one run by a dishonest criminal like Zuckerberg.