Facebook Novi and Surveillance Finance
stephendiehl.com
Facebook Novi and Surveillance Finance
1–10 of 52 posts
Re: Facebook Novi and Surveillance Finance
#2Reminds me of this article from yesterday: Coinbase wants to sell blockchain analysis software to the IRS and DEA a year after its Neutrino acquisition https://www.theblockcrypto.com/post/67551/coinbase-irs-dea-a...
Re: Facebook Novi and Surveillance Finance
#3"...rebranding of their Libra cryptocurrency project into the new Facebook brand Novi."
That is technically not true. Novi is a wallet Facebook is making for Libra. The wallet used to be named Calibra and caused confusion. Libra has not been rebranded by Facebook.
Re: Facebook Novi and Surveillance Finance
#4Very much appreciated. This post tells it like it is, without equivocation.
Re: Facebook Novi and Surveillance Finance
#5Cant wait for facebook to disrupt fintech with zero fee micro transactions. Been waiting for Mozilla/Firefox to do it as they are in a better middleman position.
Re: Facebook Novi and Surveillance Finance
#6Is there reason to believe that their foray into the financial sector will be treated differently under a democratic president/legislators vs republican ones?
Basically do they have a dog in this fight?
Re: Facebook Novi and Surveillance Finance
#7Is there reason to believe that their foray into the financial sector will be treated differently under a democratic president/legislators vs republican ones? Basically do they have a dog in this fight?
Crypto currencies generally are more popular with people who have less trust in the state, while people who trust states and their currencies are more sceptical. The same line exists in the Democratic/Republican divide.
The question is how Facebook will market and promote their wallet and efforts. My assumption is that for end users this will be promoted as a way to buy and sell things and services via Facebook platforms (pay my cab driver via WhatsApp while travelling etc.) and the fact it's a crypto currency underneath is an attempt to reassure other financial players that Facebook won't take over their business, but allows interacting (in the end users have to convert from/to local currency, which requires banks etc.)
And with that it's less a topic in that political divide.
Re: Facebook Novi and Surveillance Finance
#8Is Facebook + what’s left of their coalition allowed to set emergency monetary policy for Libra?
Re: Facebook Novi and Surveillance Finance
#9There’s a fair amount of speculation in this article, some of which is presented with a bit too much certainty, IMO.
But it’s mixed in with some pretty interesting details and references. It’s worth a read.
Re: Facebook Novi and Surveillance Finance
#10It is worth remember that the current state of finance is already surveillance finance. Credit card records are sold and purchased, all large chains and stores do significant customer tracking on their own, more than just every item you purchase, when, and where. Even services like Gmail scrape information from your email for every receipt that you receive, although they purchase CC data either way.