Meta "Zuck Bucks" over Cryptocurrency

While the cryptocurrency industry continues to struggle for its "worth", I think the virtual reality world may have a quicker breakthrough into shifting the currency exchange systems and personal transactions. By taking Meta for instance, if Meta establishes rules that are aligned with the real world systems, then people will more likely make exchanges in Meta world especially upon initial meetings. This is something to watch.

https://arstechnica.com/tech-policy/2022/04/project-zuck-bucks-meta-plans-virtual-coin-after-cryptocurrency-flop/

Review: Facebook's F8 2019

"The Future is Private." - Mark Zuckerberg

Security, Privacy, Virtual Reality, & "Personal" Social Services

Per his words, "this is the next chapter" in the world of technology. Although FB is focusing more on privacy and have even outlined 6 new principles that the company will apply to all FB technologies developed, I do like how they are advancing the world of virtual reality (like Microsoft) especially in gaming and how they are trying to enhance the social services on platform like FB like the SecretCrush. On Instagram, people will be able to shop. On WhatsApp, people can send payments. On Messenger, SMS will be much faster and secure. There's also Spark AR and Portal.

Addressing Concerns

To some, these technologies may sound damaging on the perspective of encouraging people to have face-to-face interactions. This concern is valid considering that humans are not only social species but also a physical touch species. As such technologies intend to advance how humans interact and steer society (including in political elections), humans will need to figure out how to live with these technologies and use them as substitutes for the necessities of well-being.

Cryptocurrency (and Blockchain)

Another area I found interesting is Facebook Payments (via WhatsApp) and an announcement after F8 Conference called Libra (i.e. the FB cryptocurrency). Here's a short clip by ColdFusion TV although I don't agree with the author and believe that in some countries this currency will actually benefit society (i.e. countries that struggle with currency regulations).

FB 2019 - Six Principles

If you're interested, here are the principles of FB vision in 2019:

1. Private Interaction
2. Encryption
3. Reduced Performance
4. Safety
5. Interoperability
6. Secure Data Storage

Cheers!