"If even modestly successful, Libra would hand over much of the control of monetary policy from central banks to these private companies,” said Hughes, a co-chair of the Economic Security Project, an anti-poverty campaign group. “If global regulators don’t act now, it could very soon be too late."

Facebook co-founder: Libra currency could give firms excess power

Facebook Libra

It's over.

Facebook finally conquered the world.

And not in the way we usually say companies "conquered the world".

I mean they already own our social network (ie. all our friends and relationships) and have become the only way that people can talk to each other. Now they will become money and be the only way people can pay each other.

I don't have a FB account. That means I am continually excluded by default from a range of things that people send information about. I miss events because they are posted on Facebook and Instagram and nobody remembers to use an alternative channel which I might see.

Tomorrow I might not even be able to be paid without being signed up to have Facebook as my Identity Provider.

With Uber signed up, I might not even be able to find work without Facebook's permission.

Here's a hint to the nation states of the world. If you want to still be in business in 20 or 30 years, ban Facebook Libra NOW!

Fiverr Accepts BitCoin

Now this is big.

Fiver is a great place to experiment with online commerce. Both with buying and selling new product ideas. And it's users are both innovative and internationalized. And the prices are so cheap that the fluctuations of BitCoin's pricing might be less of an issue. (What does it matter if your $5 gig fluctuates between $1 and $15? )

In other words, it seems like an excellent test-bed, place to grow.

Here's a thought, vibing off that previous idea of combining processing and heat generation, I'm answering a Quora question on BitCoin.

Why not a special heater who's heating element is a custom processor designed for bitmining? You create bitcoins as a side effect of heating your room, or boiling your kettle :-)

Update : It's happening.

Here's a fascinating Quora answer which shows why BitCoin could be very interesting indeed.

Meanwhile, I asked a question about bitCoin and Botnets.

Fascinating. BitCoin's author is Luther Blisset.

The Quora debate on BitCoin is pretty informative.