Sen. Warner Says Blockchain Has Merit But Facebook Is a Concern

The transcript discusses concerns about Facebook's potential dominance in blockchain technology, particularly with its Libra and Calibra projects. It highlights the need for Facebook to prove its commitment to data portability and interoperability, especially given its past issues with data privacy. The speaker emphasizes the importance of establishing rules and regulations for Facebook's current and future technologies, urging transparency and accountability before expanding into new areas like blockchain and cryptocurrency.

What is a major concern about Facebook's involvement in blockchain technology?

• They will reduce its popularity.

• They will make it more secure.

• They could dominate and stifle competition.

• They might improve the technology.

What is the fear regarding Facebook's new wallet solution, Calibra?

• It will be too expensive.

• It will not be secure.

• It will have undue advantages.

• It will be difficult to use.

What positive sign did Mr. Marcus mention about third-party wallets?

• They will be ignored.

• They will be more expensive.

• They will be banned.

• They will be supported with data transfer.

What are some of the broader issues Facebook is dealing with?

• Increased profits.

• Misinformation and election hacking.

• Improved user interface.

• Faster internet speeds.

What does Facebook need to prove before entering new realms like blockchain?

• Their financial stability.

• Their willingness to accept regulations.

• Their user growth rate.

• Their ability to innovate.