The recent news that Facebook would be launching its own cryptocurrency, Libra, has sparked its fair share of controversy. Critics point to Facebook’s history of shortcomings when it comes to user privacy as good reasons to be nervous about Libra. With data on over 2.4 billion people, it seems like adding to their massive data trove would not be the best thing. In response, Facebook insists that it will all be different this time — Libra will be “decentralised”. Which means that no single entity can control it (supposedly).

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