At its least harmful, this is a massive PR/Marketing blunder. Literally no one trusts Facebook and they don’t seem to understand that. The only conclusion you can make from observing this is that they are massively arrogant and arrogance is a real sign of insecurity, both emotional insecurity and actual security issues. The fact that they have thirty partners is not the way it’s getting covered- every story I’ve seen leads with Facebook and buries the ‘consortium’ story. The sad thing about this is it seems like a really good idea that could lead to a global currency without centralized government control but…Facebook? I think not.

Former software marketer. Former musician. Writer, nine non-fiction books, two novels, Buddhist, train lover. Amateur cook, lover of life most of the time!


Owen Williams

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