FaceBook Libra. My thoughts. Part # 03

juanmolina (68)in #facebook • 5 years ago (edited)

Commercial Ecosystem

"Libra will promote an ecosystem of products and services created to help people use it in their daily lives."

There will be a greater invasion of our privacy, now they will go for our finances. All the information of our tastes, families, favorite places will become an invaluable marketing factor.

This information will allow offer to us products at the right time.

With a bit of artificial intelligence it will be very easy to offer air tickets or a place to stay, just after posting that we had planned to travel on our next vacation.

Of course, if I do not have a balance in my wallet, I will never be valuable to the advertisers of this "democratic" ecosystem.

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Conclusion

We must accept that without a doubt the Blockchain and Crypto are the present and will be the future. The adoption will increase. Many of us already have knowledge and use cryptography, but the majority of the population can only say that they have heard about "something called Bitcoin".

In contrast to this we have a third of the world population that has been posting years of personal life, family images, intimate photos, etc ... they are experts in "liking", "sharing a publication", "requesting friendship" ...

There are people who have adopted FB as a religion, they can no longer conceive their life without it.

If we place in the hands of this population mass the possibility of acquiring crypto, most of them would reject it because of ignorance or simply because of the natural rejection of change. But, if this same opportunity came from the hand of FB, the adoption would have no precedent.

Then, guaranteed success, FB only needs to proceed with the consummation of his domination plans.

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FaceBook Libra. My thoughts. Part # 01

FaceBook Libra. My thoughts. Part # 02

Project Hope Venezuela is an initiative created to grow.

You See more about it at:

@coach.piotr -PROJECT #HOPE - day one

Our previous posts:

#corruption #libra #nwo #palnet

5 years ago in #facebook by juanmolina (68)

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jadams2k18 (64) 5 years ago

Hey! @juanmolina! my friend!

Good thoughts! Libra brings the new fight. It comes with everything and reinforced with that crowd behind. Pure monster. No ball peelers. 😂 I mean no penniless people.

The wolf disguised as a sheep

Thanks for sharing (x3) 😁

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andyjem (55) 5 years ago (edited)

You pose some very challenging questions Juan.
Here is one that we all might face in the not to distant future.
I left FB over a year ago and don't intend to return. But what happens when all my friends and family are using Libra or it becomes the currency of choice for world wide payments. Will I be forced to disclose my life on FB in order to buy food at my local shop?
Is this a conspiracy by western governments to take power away from countries like Russia and China who are fast becoming economically dominant and have huge gold reserves.
Economists are already saying that the USD could crash in the very near future. Maybe it will replaced by Libra...

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crypto.piotr (70) 5 years ago

Great post @juanmolina. Those were long 3 parts :)

Discussions regarding Libra and Facebook are very intense lately and I personally don't know yet what to think about it.

I'm mostly interested how FED and other central banks will react if they will realize that Libra is a threat for current financial system.

Personally I will not put my trust in Facebook and I don't think I will ever use Libra. However I will surely pay attention to this project as it may turn our financial world up-side-down....

Also check out this post:
https://cointelegraph.com/news/us-senators-grill-facebook-on-privacy-trust-issues-in-libra-hearing

Yours,
Piotr

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wakeupkitty (73) 5 years ago

The good thing is only less young people join.Facebook, it is shocking how high their debts are. It is not the generation that has learned how to save.

The good news for Facebook is they will attract more young people if they play it smart. What is next? The FB-creditcard.

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danielfs (57) 5 years ago

Our personal data is an important asset in this age of information. Companies want to monetize our data. Probably the will give us some pennies for using our data.

I guess most of the data is used for advertising and surveillance. In the case of advertising, I think we need new business models that compete with these big companies without compromising our privacy / free speech.

This is a hard challenge for small companies (including steemit Inc.)

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juanmolina (68) 5 years ago

Competing with these big companies would result in a confrontation between David and Goliath.

An example of the battle without truce that they are willing to give is in the advertising censorship of crypto that Google and Facebook would deploy, thus overshadowing its competitors.
Maybe you'll do a "Steem" search on Google and you will not get results.

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yashny (65) 5 years ago

Although I am not interested to try Libra, I think many people will give it a try especially those who are new to cryptocurrency. You are absolutely right about them using our information. Even now, whenever I search for something, a product related to it comes up on my Facebook page advertisement. Chances are they do and will collect more information about us especially financial information once Libra emerges.

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