Zuckerberg Fears, Loves Cryptocurrency, and for the Same Reason

Zuckerberg Is Learning How Cryptocurrency Works To Make Facebook Better

What’s more attention-grabbing is Zuckerberg’s increased interest in cryptocurrency, which he thinks could restore people’s faith that technology is a decentralizing force, not centralizing.

The loss of faith is due to the handful number of big tech fishes, which could include Zuckerberg’s own company, and governments running surveillance programs on people. All of them have done the job of centralizing the power to themselves.

“There are important counter-trends to this –like encryption and cryptocurrency — that take power from centralized systems and put it back into people’s hands,” he wrote.

“But they come with the risk of being harder to control.”

Zuckerberg said that he would study the positive and negative aspects of cryptocurrencies and blockchain to find ways it can be helpful for Facebook. Possible areas where Facebook could come up with decentralized blockchain-powered projects include cross-border payment systems, AI systems, streaming services, etc.

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Paul Gordon is the publisher and editor of iState.TV. He has published and edited newspapers, poetry magazines and online weekly magazines. He is the director of Social Cognito, an SEO/Web Marketing Company. You can reach Paul at pg@istate.tv