Zuckerberg Hedges On Crypto On Facebook

5. January 2018.

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Add Mark Zuckerberg to the growing list of people interested in cryptocurrency.

According to Bloomberg, Facebook’s CEO mentioned cryptocurrencies in a Jan. 4 posting that detailed his plans to spend 2018 working to address long-standing problems – including widespread misinformation and hate speech– that have plagued Facebook for the past two years.

In planning for the social media giant’s future, the hot topic of cryptocurrency came up in Zuckerberg’s manifesto.

“There are important counter-trends to this – encryption and cryptocurrency – that take power from centralized systems and put it back into people’s hands,” Zuckerberg wrote. “But they come with the risk of being harder to control. I’m interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services.”

In February of 2017, Zuckerberg shared a five-part strategy in a public letter, in which he maintained that that “progress now requires humanity coming together not just as cities or nations, but also as a global community.” His strategies were geared toward building online communities that are inclusive, informed, civically engaged, safe and supportive.

David Marcus, the company’s vice president of messaging products, joined the board of Coinbase, one of the largest cryptocurrency exchanges, late last year.

“I’ve been involved with and fascinated by cryptocurrencies since 2012, and I’ve witnessed how Coinbase has started democratizing access to this new asset class,” Marcus said on Coinbase’s blog last month.

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