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OpEdNews Op Eds    H4'ed 7/9/19

Facebook's Libra Currency Monetizes Identity and Threatens Privacy

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MARC STEINER Oh. It's been horrible. We're going to cover that. Yes. Right.

BILL BLACK of 9,000 folks who, you know, engage in some of the worst stuff. Okay so all that can see the benefit of having that made public, butThat's the point. You know, whatever you do that's embarrassing, Facebook can sell or threaten to sell your identity. Or if Facebook doesn't want to be in that business, and it probably won't, it'll just sell it to other people who were in that business and say, us? Not us. [laughs] We had nothing to do with it, you know, type of thing and this can be used for good purposes, so we can't possibly regulate it. And that will be true at that point, you know, the genie will be out of the box in that session. So yes, those are concerns. As well, you won't be able to do much of anything where you have a private view, or if a number of like-minded folks want to trade their private views. And again, that's not unambiguously good stuff as we've seen with the border agents, but you can also see why people would value that, right?

MARC STEINER Well, Bill Black, this has really been illuminating and there's a whole lot more to this. I really do want to explore just how you control things in the 21st century in the digital age, which gives a new definition to monopoly that we never had before as well, given what's going on. And that's something for us to explore.

BILL BLACK Nancy Reagan, just say no.

MARC STEINER [laughs] Yes. Nancy, thank you. And, Bill, thank you. It's always good to talk to you, Bill Black. Thank you so much for being with us.

BILL BLACK Take care.

MARC STEINER And we will cover this more because I think it's really critically important for us to look at where this digital world is taking us, and how we control it. We've been talking to Bill Black and I'm Marc Steiner here for The Real News Network. Thank you for joining us. Take care.

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