"Zuckerberg referenced cryptocurrencies in a posting Thursday in which he laid out how he will spend 2018 trying to correct persistent problems -" including the proliferation of hate speech and misinformation -" that have dogged his wildly popular social network for the past two years.
Mark Zuckerberg has said it is his "personal challenge" to improve Facebook's response to abuse and hacking. That first year the economy was in a deep recession and Facebook was not yet profitable. But while Zuckerberg was donning hard hats and riding tractors, an increasing number of critics both inside and outside of the tech industry were identifying Facebook as a key driver of many of society's current ills.
Zuckerberg continued: "We won't prevent all mistakes or abuse, but we now make too many errors enforcing our policies and preventing misuse of our tools".
In his post, Zuckerberg makes mention of worldwide censorship and, in theory, a decentralized service could circumvent such measures - such China's blocking of Facebook and Twitter, or Iran's recent clamp down on Instagram and Telegram.
Take last fall, when Facebook revealed it had found a connection between $100,000 in ad spending on its platform and phony accounts likely operated out of Russian Federation. In January 2017, even as criticism was growing about Facebook's role in spreading fake news and divisiveness during the US presidential election, Mr.
"We're living in an era where the president of the United States - arguably the most powerful person in the world - speaks about fake news as an issue every day", Torossian said. In one particularly gruesome instance, a man in Thailand broadcast himself killing his 11-month-old daughter on Facebook before committing suicide.
Another option would be to allow friends to send cryptocurrencies like Bitcoin to each other over Facebook Messenger. In May, it said it would hire thousands of workers to help prevent violent videos from appearing on its social network.
"We won't prevent all mistakes or abuse", Zuckerberg continued. Beyond launching its own project or buying another, Facebook could also piggyback any number of decentralized payment platforms that are now in development and aimed at making global payments cheaper (free?) and faster. "But that doesn't mean we don't have responsibility".
Zuckerberg's past New Year's resolutions have focused on his own challenges such as learning Mandarin, making his own AI, and visiting all American states, but this time around it could impact Facebook's tech and products.
Unfortunately, that mockery won't get us very far. Facebook is a publicly traded company, for one, but more importantly it has over 2 billion users.