Facebook announces own currency

Facebook has recently announced that it will be launching its own currency, with the promise of it being fully operational by 2020. This currency is not exactly classifies as a cryptocurrency, due to the fact that the value of Libra will be backed by a reserve. This is unlike regular cryptocurrencies, whose value is determined by the supply of the currency and other forms of cryptocurrency in the market as well as their individual demands. 

This financial platform is intended to also be regulated by a federation of companies and non-profit organisations through a Swiss foundation.The currency is quickly gaining traction, with investors minimum contribution being $10m. Some companies that have currently invested in this Facebook currency are Visa, MasterCard, PayPal, Uber, Spotify and some venture capital firms such as Andreessen Horowitz. 

Facebook is intending to have this currency be distributed through some existing apps such as Facebook Messenger or WhatsApp. These apps could make it hard to integrate a secure type of funds exchange, and would not provide a viable platform for many businesses to feel comfortable doing business …

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TubeFactor: When will reality TV go online?

I don’t watch much television, I do love to read, and I use the internet all the time, I’m fond of radio too, if a t.v. is on I’ll sway towards the news or a film – but I am not generally the one holding the remote! So often I am reading while my wife watches TV, her fondness for ‘reality tv’ is incredible, there is the show where celebrities go live in the jungle, or they learn to dance/ice skate, the old reliable is ‘Big Brother’ and of course those of people who lose weight or get surgery make-overs etc. but one thing that I don’t understand is why there is no ‘reality web’ effort by sites like youtube?

Youtube is one of the most popular sites on the web, wouldn’t it be interesting if they ran a talent show where everybody gets to be a part of it? Get a team of regular people who filter say ten videos and pick their favourite two, these go forward to the Channel on youtube running the show. From there people …

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