Believe Facebook? Libra Crypto Users Won’t Have to Trust Us

Facebook’s Dave Marcus addressed a number of issues that have been raised by lawmakers and informed observers alike...Perhaps most importantly, he talked about the widespread distrust of Facebook given the Cambridge Analytica deal, 2016 election interference and other screw-ups.

If you can swallow the official line that you won’t have to trust Facebook to get the benefit of Libra, see if you don’t choke over the next Marcus proposition

“And Facebook won’t have any special responsibility over the Libra Network. ….We’ve been clear about our approach to financial data separation and we will live up to our commitments and work hard to deliver real utility.”