Porter, too. If he didn’t regret starting Libra before, he should now.
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Yep, nothing worse than a member of Congress getting their 5 minutes for questions and immediately starting a speech. I hope more follow AOC’s example. Good questions are so powerful.
(That said, your question is more likely to be read if you comment instead because RIP my DMs for real.).
She’s great. 
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So I guess we take the question of the Daily Caller to Poynter. It’s his org that’s behind it.
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Given the number of people that post on Facebook every minute, I think it would be nearly impossible to make sure people aren’t posting lies. Would this apply only to politician accounts or would it also include my neighbor Carl who posts moon landing conspiracy nonsense?
Edit: Spelling error.
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My best-case scenario is that this Libra nonsense is a wake-up call to Western central banks. But my best-case scenarios about these things haven’t been the actual outcome for years now.
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What an amazing woman! Commence the shit talking all over the rest of the inter webs because SOCIALISM !
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It would apply to the ads that those politicians purchase, which Facebook amplifies to ensure that they are seen. That’s a much smaller subset of information than “everyone’s Facebook posts”, and Facebook says they already fact-check ads in every other category. So the real question is: why are only politicians allowed to lie in their Facebook ads?
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Libra in one image:
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Let’s have some respect for Rep. Joyce Beatty and her glorius beatdown of the Zuck
[ETA better boingboingablelink]
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Got it. Thanks for taking the time to explain.
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This is the obsolete argument of the Enlightenment: rationality wins out in the end. We now know algorithms win out in the end and have powerful effects on behavior and beliefs.
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Lies, truth, facts, falsehoods. I don’t see how any of that is Facebook’s problem. Just give them the money they so richly deserve. /s
“Mr. Zuckerberg, when will you be rolling out the “Liar, Liar, Pants on Fire” Facebook tag and icon? Before, or after the 2020 election?”
A better solution is to not allow political advertising on FB.
Product and service advertising; fine. The fallout for bad information on product and service ads is limited. Also, if someone makes false claims in a product or service ad, there are systems in place to react to them.
Allowing political advertising on a platform that doesn’t provide fact checking of any sort, and won’t take down something they know is a lie, screws up entire countries.
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Yeah, go Beatty!
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S—S—S—S—SPANK!
Yes idiotic BB grammar checker, it is.
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You see into my soul, and it tickles.
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I’m tickling your soul right now!
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I’m still trying to figure out wtf Libra is meant to fulfill. Is it their way to evade taxes because I can’t see it being useful for anything but money laundering and tax evasion. I love the idea of a distributed ledger system but all the *coin implementations are just awful at it. I could write a better one using similar tree structures but without the artificial scarcity nonsense.
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Roger That!
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Depends on who you’re asking, but for Zuckerberg it’s mainly a way to monitor exactly how much is being spent by the user on every single transaction and then “monetise” it in some way (e.g. as a proof of an ad’s effectiveness, as someone described above). He also likes the idea of FB having a banking division that’s powerful but doesn’t have to deal with those pesky banking regulations.
As far as end-users go, it’s just another Venmo or Paypal clone, except with a lot more merchants accepting it in lieu of cash. It’s not good for criminal purposes because it isn’t designed with the user’s privacy in mind – quite the opposite. Zuck will happily give you up to the Feds in a second if they ask.
Some in the American financial services industry initially saw this as a quick way to bootstrap a competitor to China’s cryptocurrency effort (which could endanger the USD’s reserve currency status), but quickly realised what a disaster it would be (see this hearing) and bailed before they got dragged into it.
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