Facebook is rumored to launch its own cryptocurrency called Facebook Coin, and it’s already a laughingstock (via Mashable).
Three days ago cryptography experts met at the 2019 RSA Conference to talk about the future of cryptography, the internet, and online shopping. Cryptocurrency was a topic, and Facebook drew laughs from the audience.
When you add the froth of blockchain into there, these just sort of things that seem crazy just keep amplifying. I think the latest one that I saw is one where you can take Bitcoin where you can lose your money, Facebook you can lose your privacy, and now there’s ‘Facebook Coin.’ And it’s not even a joke, it’s apparently coming.Paul Kocher, cryptography expert
Mr. Kocher also expressed doubt at Mark Zuckerberg’s new privacy promises, and says that the company’s track record doesn’t match what it says in public.