Facebook Eyes Cryptocurrency In Future Plans

In a post to Facebook community on Thursday, 4 January 2018, chief executive officer and founder Mark Zuckerberg gave what could be described as the company’s future outlook on cryptocurrencies.

Zuckerberg believes that cryptocurrencies may hold the solution to decentralising the technology landscape which he said is one of the interesting questions that have arisen. Decentralising technology, for him, remains critical as it puts more power in people’s hands.

“With the rise of a small number of big tech companies – and government using technology to watch their citizens- many people now believe technology only centralises power rather than decentralises it,” he wrote. “There are important counter-trends to this, like encryption and cryptocurrency, that take power from centralised systems and put it back into people’s hands. But they come with the risk of being harder to control.”

In order to better understand cryptocurrency and the rest, Zuckerberg said he was “interested” to go deeper and study both positive and negative uses of the technologies as it relates to Facebook operations.

In 2017, Facebook’s vice president of messaging products accepted to join the board of Coinbase Inc., one of the largest cryptocurrency exchanges.

Zuckerberg hopes to engage experts on the various issues in 2018.

“These issues touch on questions of history, civics, political philosophy, media, government, and of course technology. I am looking forward to bringing groups of experts together to discuss and help work through these topics,” he said.

Businessday.

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