Department of Justice
Facebook Agrees to Pay $5 Billion and Implement Robust New Protections of User Information in Settlement of Data-Privacy Claims
Facebook will Pay the Largest Civil Penalty in a Data-Privacy Case in United States History
https://is.gd/source_articleAfter reading this news, one question came in to my mind:
Will they ever stop doing what they are doing?
They where spying on us all the time,
selling our data and information, to anyone who wanted to buy them,
they violated our privacy and they did that multiple times.
They now have to pay biggest penalty ever paid in history of US.
The settlement also requires fundamental changes at Facebook
and removal of Mark Zuckerberg as consumer privacy decision maker.
Facebook also needs to adapt new privacy program and respect user privacy.
This also apply for WhatsApp and Instagram, that are owned by Facebook.
What will Facebook do next?I think they will make some changes,
but give more energy for their new monster baby called
Libra coin.
They know that with Libra they will do all this again, and even more.
They will follow 100% of all users transactions and actions,
and in the same time they will make a deal with government.
Imagine the implications.... Imagine total centralisation.
Don't forget that Libra will be based in Europe, Switzerland.
On July 30th we have new senate hearing regarding regulating all digital currencies and blockchain
https://www.banking.senate.gov/hearings/examining-regulatory-frameworks-for-digital-currencies-and-blockchainSummaryI don't know how good for cpypto space is potential creation of Libra coin,
as people will forever associate it with previous Facebook actions.
But if Facebook have billions to pay ... I say let them pay.
Meanwhile we can use this time to introduce more people with
BITCOIN,
one real decentralised crypto who can beat them, and give power back to the people.
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