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Friday, May 24th, 2019 06:45 am
I just read a little about GlobalCoin. Oh my god, y’all. They can’t properly handle and safeguard even one piece of user data and people are going to trust them with money? Honest to goodness I do try to be a decent human being, but this time my compassion is just gonna fail and I’m very much afraid I will merely laugh at the disasters.
Friday, May 24th, 2019 05:16 pm (UTC)
I had not heard of this thing, so I went looking for news stories expecting some sort of cryptocurrency from the name, and ... wow. Facebook, eh?

I'm going to start my laughing at the name, because this is clearly designed to look like a cryptocurrency on the surface (the "Coin" name, the fact that it defines its own units) and be basically Paypal underneath. If this stuff gets anywhere near a blockchain I will be surprised, and it's only cynicism that keeps me from saying "very very surprised".
Saturday, May 25th, 2019 04:42 pm (UTC)
wow, hadn't heard of this either, and it looks like a major disaster in the making.