Facebook's Libra Requires Too Much Trust

Facebook's Libra Requires Too Much Trust  “The best way to find out if you can trust somebody is to trust them.” So said Ernest Hemingway. 

The question is, how much trust should we invest, for how long, before we decide we’d do better to invest our trust elsewhere?

Facebook has just announced plans to launch a new blockchain-based digital currency networked called Libra.

Facebook will be asking many of its users to invest their trust in its ability to provide a stable alternative to traditional currencies - and one which guarantees privacy and security.

Reactions to Facebook’s announcement have been mixed. Financial regulators in regions like the EU are watchful. As things currently stand, networks like Libra would diminish the power of governments over the regulation of currencies.

Predictably, many banks are also unimpressed. Blockchain currencies promote user-driven online ledgers and P2P exchanges, cutting out some of the banks’ traditional... click here to read the full editorial

›› Latest social comment by Mal Fletcher - posted on Wednesday 19 June 2019

Contact: media@2020plus.net | T: +44 (0)7426 542 497 | +44 (0)870 766 2660 | +44 (0)115 827 7098

Social Comment - Press, Media, New Media

Mal Fletcher is a respected social commentator and social futurist who has been a media commentator and presenter for more than 25 years. He is often called upon for expert views on social issues for TV, radio, the press and web media in various parts of the world.

As a social futurist, he and the 2020Plus research team track major social shifts. Mal writes, lectures and broadcasts about their likely future impact on business, organisations and the wider society. 

Mal Fletcher's work features on BBC Breakfast TV, Sky News, BBC World News, BBC Radio (e.g. Radio 5Live & regional stations), ABC Australia and many other media and press outlets in various parts of the world.

His work has featured in such publications as the Sydney Morning Herald, Melbourne Age, Guardian Online, Sunday Times (Ireland) and more. His social comment editorials are regularly reproduced in several online news and discussion magazines.

Selected samples from Mal's TV (mainly BBC) work are available here, here and here. Radio interviews are available here. Other videos are available here. (More samples below.)
Mal Fletcher's latest book, Fascinating Times is a social commentary. It takes a sharp-eyed look at some of the major social issues of our time and their likely impact on the future of how we live.
 

Areas of Expertise

Major areas of expertise include:

  • Emerging and future technologies 
  • Sociocultural ethics and values 
  • PESTLE (Political, Economic Socio-cultural, Technological, Legal and Environmental Analysis) 
  • Social media 
  • Generational change 
  • Civic leadership 
  • Innovation

 Media Endorsements

"Mal Fletcher comments on society not only as it is, but as it could be. Mal’s is a voice that should be heard."
- Mike Shaft, BBC Radio

"Mal Fletcher is an astute observer of the changes in western culture. He outlines the meaning behind sociological changes for a broad audience."
- Stephen Austin, ABC Radio 

 

Contact

Email: media@2020plus.net
Tel: +44 (0)870 766 2660  |  +44 (0)7426 542 497  |  +44 (0)115 827 7098

 

More Media Samples

 

Recent Social Comments

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