Crypto Currency

9 Questions for Facebook After Zuckerberg’s Privacy Manifesto

presented an entirely new philosophy. For 15 years, the stated goal of Facebook has been to make the world more open and connected; the unstated goal was constructing a targeted advertising system built on nearly infinite data. Yesterday, though, Zuckerberg pronounced that the company is reversing course. The social network of the future won’t be…


presented an entirely new philosophy. For 15 years, the stated goal of Facebook has been to make the world more open and connected; the unstated goal was constructing a targeted advertising system built on nearly infinite data. Yesterday, though, Zuckerberg pronounced that the company is reversing course. The social network of the future won’t be one where everyone connects openly together, as in a town square; it will be one where more connections happen one to one, as in a living room. Instead of data permanence, data will disappear.

Facebook isn’t putting the current platform—worth roughly half a trillion dollars—in the garbage disposal. As Zuckerberg made clear in a Wednesday afternoon interview with WIRED, Facebook as we know it now will still exist. But it will change. And there will also just be something new.

It’s unclear the extent to which Facebook will ultimately push users toward privacy, and in what exact ways. But Zuckerberg controls Facebook, and his manifesto will make its gears start to turn in different directions. As that begins, here are nine important questions the company will have to think through.

1. Facebook knows how to make money in the town square. How does it make money in this new living room?

Private, encrypted messaging is hard to monetize. In our interview, Zuckerberg demurred when asked what the new business model will be after clamping down on the data firehose. The company would, he said, build the product first and figure out the financials later. Facebook does have nascent efforts in commerce and cryptocurrency, but there’s no question that figuring out revenue on the new platform will be a hard problem for Dave Wehner, Facebook’s chief financial officer. A former Facebook employee told me last night, “Mark is like a cartoon character who walks through a bunch of dangerous situations and always comes out on top. Dave is the guy running behind him catching the cat, stopping the ladder from tipping, deflecting the flying axe with a manhole cover.”

2. What does this do to safety on the platform?

Facebook rightly faces endless criticism for all the data it collects. But there are benefits to data collection as well. It can help stop bullies, or even potential suicides. Once those communications become private, Facebook no longer has the same powers to track and moderate. The public—from the media, to nonprofits, to academics, to individuals, to the government—also uses the public nature of Facebook to track bad behavior. If Russian intelligence operatives had just used private encrypted messaging to manipulate Americans, would they have been caught? As Facebook knows from running WhatsApp, which is already end-to-end encrypted, policing abuses gets ever harder as messages get more hidden.

In our interview, Zuckerberg explained that this, not fears about the business model, is what keeps him up at night. “There is just a clear trade-o

Read More

Be the first to write a comment.

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto Currency

Peter Brandt Sees 30-Year Yield at 7%. Would Bitcoin and Stocks Survive?

Peter Brandt says the 30-year yield could reach 7%. See what that would mean for mortgages, stocks and Bitcoin prices. The post Peter Brandt Sees 30-Year Yield at 7%. Would Bitcoin and Stocks Survive? appeared first on BeInCrypto…

Peter Brandt says the 30-year yield could reach 7%. See what that would mean for mortgages, stocks and Bitcoin prices.
The post Peter Brandt Sees 30-Year Yield at 7%. Would Bitcoin and Stocks Survive? appeared first on BeInCrypto…
Read More

Continue Reading
Crypto Currency

LNbits rushes emergency patch after reported Bitcoin wallet thefts

The project warned that installations running older versions were vulnerable and urged operators to replace potentially exposed credentials even after upgrading…

The project warned that installations running older versions were vulnerable and urged operators to replace potentially exposed credentials even after upgrading…
Read More

Continue Reading
Crypto Currency

Dormant Bitcoin Data Reveals 227,196 BTC in Pre-2019 Coins Revived in 2026

Bitcoin’s sleeping giants have been stirring this year, and the numbers are staggering. Checkonchain data reveals that more than 227,000 BTC acquired before 2019 have awakened in 2026, while a separate onchain investigation into dormant wallets uncovers a trail of colossal transfers, mysterious whale movements, and ancient mining rewards dating back to 2010…

Bitcoin’s sleeping giants have been stirring this year, and the numbers are staggering. Checkonchain data reveals that more than 227,000 BTC acquired before 2019 have awakened in 2026, while a separate onchain investigation into dormant wallets uncovers a trail of colossal transfers, mysterious whale movements, and ancient mining rewards dating back to 2010…
Read More

Continue Reading
Crypto Currency

Bitcoin devs merge 3 new BIPs, and transaction fees could plummet

Full aggregation could lower fees about 14% for a modeled joint payment or 27% for consolidation, with activation and wallet support unresolved. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox…

Full aggregation could lower fees about 14% for a modeled joint payment or 27% for consolidation, with activation and wallet support unresolved.
Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox…
Read More

Continue Reading