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Shormila Shormi
Aug 02, 2022
In Beauty Forum
Plato once described the impact of technology this way: The inventor of a technology is not always the best judge of whether it is beneficial to invent it, compared to the users of the technology. In the same way, where a technology will go is not predictable by the inventor, just as the Internet with open interconnection as its original intention "will eventually complete its historical mission of opening up" no one knows. But if we observe from the reality as opposed to the ideal, the road the Internet takes is actually more closed. This trend is presented by the history of the Internet, and it is also repeated by the present. Facebook's launch of Libra is an example. Commercial Leviathan On June 18, the Libra (Libra) testnet, a digital stablecoin dominated by social networking giant Facebook, was open-sourced on GitHub and released a white paper. The first sentence of the white paper is: "Libra's mission is to build a simple, borderless currency and financial infrastructure for billions of people." In addition, in order to demonstrate the phone number list independence of currency, Facebook has also led the establishment of a management and distribution organization established by 28 partners, the Libra Association (non-profit organization), and the number of partners in the association will be around 100 in the future. When some people are excited by the concept of "borderless currency", it is easy to ignore a logic: the so-called "borderless" declaration is actually aimed at building Facebook into a huge digital empire. Maybe Libra can break through the barriers of physical borders, but it also builds a digital wall in the network dimension to isolate users outside the platform. We acknowledge that the goal of building a global payments platform is great, but we must also be wary of how scary it is: it means that a giant company is enough to be a Leviathan today.
The melancholy of the internet: As Facebook closes its final loop
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Shormila Shormi

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