Facebook launched the Libra cryptocurrency, what could possibly go wrong?

Facebook launched the Libra cryptocurrency, what could possibly go wrong?
👋 Hi, I am Mark. I am a strategic futurist and innovation keynote speaker. I advise governments and enterprises on emerging technologies such as AI or the metaverse. My subscribers receive a free weekly newsletter on cutting-edge technology.

Good Day! This is my weekly newsletter, with a dose of insights into the future. The topic of this newsletter is the exponential times we live in, hence the title of f(x) = e^x, which is the (natural) exponential function.

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Libra is Here: What Does a Facebook Cryptocurrency Mean for the World?

My latest article:

After months of speculation, Facebook has revealed its Libra blockchain and the Libra coin to the world. The highly-anticipated cryptocurrency ran into immediate opposition in Europe and the United States. This is hardly surprising seeing the track-record of Facebook when it comes to data security and privacy. The main concerns from regulators and lawmakers around the world are that Facebook is already too massive and careless with users' privacy to launch an initiative like Libra.

However, before we judge too quickly, let's first dive into the Libra blockchain and the Libra coin to understand it better. Libra released all their documents online at Libra.org in a bit for transparency, so let's discuss the different components of it, including the Libra Blockchain, the Libra Reserve and the Libra coin.

Three Useful Nuggets of Information

My weekly tips from around the web to get you thinking.

1. AI can no detect Photoshopped faces.

Artificial intelligence can not only help create fake photos but now it can also detect Photoshopped faces. Researchers from Adobe and UC Berkeley created an algorithm that can correctly identify edited faces 99% of the time during tests, compared to a 53% success rate for humans. (Adobe)

2. Japanese manufacturers are sharing their data.

Mitsubishi Electric and Yaskawa Electric are among 100 major Japanese manufacturers to enter into a data sharing arrangement underpinned by blockchain. The objective of the project is to boost efficiency, lower the risk of data leaks, and reduce operating costs. (Nikkei)

3. More Facebook news: they created virtual spaces for itsAI.

Researchers at Facebook have created various incredibly realistic virtual homes and offices to train their algorithms better and learn how the world works. According to Facebook, Replica and AI Habitat are vital to developing experiences like social presence and intelligent assistants. (Facebook)


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