How many times have you faced difficulties while transferring from one person to another? Have you ever questioned why transactions are so slow? Why do I have to pay charges for the transaction?
Then this article will definitely help you to get rid of all your problems regarding transactions.
But before that let us find an answer to the question, where are we right now in the process of evolution? We are living in a world of revolutions, machines and digitization. We improved ourselves and updated technology as time passed but we still lack in offering basic financial services to everyone and satisfy them with the results.
Libra is a cryptocurrency built on blockchain technology, it is developed to improve millions of people by giving them a platform to be a part of digital currency. And to do this all you need is a mobile and data connection. It is fast, safe, and stable.
The Libra association is a group of companies that are founding members of Libra. There are 28 companies which busily take part in the association and the strategy is to reach a total of 100 members who will act as the validators of the Libra currency.
Every institution present in this organization will get their share of the vote to make and finalize decisions regarding Libra and no individual will get higher than 1% of the total vote share.
People have different takes when it comes to trust in cryptocurrencies, one can easily trust Libra as it is backed by a reserve with constant liquid assets by combining with several other groups of exchanges and other liquidity providers. These assets stabilize the value of Libra.
The software used for developing Libra is a new programming language called Move it is used to execute and develop decentralized finance, smart contracts, and transaction logic.
When Facebook first announced it was getting into the crypto business—with a basically unregulated currency called Libra—the reaction from Wall Street and government bankers was about as expected. Fast-foward a few months, and Libra is in trouble. The social media giant had lined up a long list of corporate backers for the initiative, including major players in the payments space. And in October 2019, several prominent backers began to back out. Here’s how Facebook’s crypto future got into serious trouble. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC#CNBC Why Facebook’s Libra Cryptocurrency Is In Trouble
Facebook says it’s getting closer to eliminating one of the tech world’s biggest problems: namely how ridiculously long it’s taken me to type this sentence.
Ok, so it only took me about 30 seconds, but the words formed in my head in a fraction of that time. This problem of human latency is a key hurdle for tech giants like Google and Facebook that are looking for new ways to grow by shoving ever-more petabytes of data into our brains, and vice versa.
Two years ago, Facebook announced it was working on a non-invasive wearable device that would allow users to type by imagining themselves speaking the words. The hope is that such a device can be used as an input interface for augmented reality glasses.
As part of their effort, Facebook has been funding a team of researchers at the University of California, San Francisco (UCSF) working to help patients with neurological damage to speak again by detecting imagined speech in real time.
Facebook hopes the work of the UCSF team will serve as a proof of concept to inform the development of the non-invasive wearable it dreams of pairing with AR glasses.
“We’re a long way away from being able to get the same results that we’ve seen at UCSF in a non-invasive way,” reads a Facebook blog post detailing its efforts. “It could take a decade, but we think we can close the gap.”
Karen Panetta, IEEE Fellow and Dean of Graduate Engineering at Tufts University agrees that Facebook’s ambitions are feasible.
“If we can now measure signals in the brain via implantable devices, then we can transmit those signals outside of the brain.”
Facebook thinks that a promising way to make the leap from “reading minds” via wired electrodes to a wireless system is by measuring changes in oxygen levels in the brain using infrared light similar to a pulse oximeter at a doctor’s office.
“This could work, though I am afraid that the rates (timing) of oxygenation processes are much lower than the actual rate at which speech is produced,” Josep Jornet, a professor of electrical engineering at the University of Buffalo, told me. “Certainly more work is needed, but this is what research is about and should be promoted.”
Todd Richmond, an IEEE member and Director of the Tech and Narrative Lab at the Pardee RAND Graduate School in Santa Monica says “having a viable capability in the lab” to wirelessly send brain signals to a computer could be less than five years away.
“It will likely take longer to move from the lab to commercial deployment for a variety of reasons,” he adds.
Richmond thinks the first hurdles will be solving technical problems to make the system lighter, smaller, faster and essentially, more practical. Next comes the process of refining the user experience to make brain interfaces a necessity rather than a novelty.
“The third set of developments will be around improving accuracy, efficacy, and safety,” he explains. “Like any consumer product, we’ll need to sort out what agencies are looking at what aspects of how devices impact humans, both individually and from a societal level.”
I’ve covered science, technology, the environment and politics for outlets including CNET, PC World, BYTE, Wired, AOL and NPR. I currently produce the Warm Regards podcast and I’ve written e-books on Android and Alaska.
I began covering Silicon Valley for the now defunct Business 2.0 Magazine in 2000, but when the dot-com bubble burst, I found myself manning a public radio station in the Alaskan Bush for three years.
Upon returning to the lower 48, I covered politics, energy and the environment as a freelancer for National Public Radio programs and spent time as an online editor for AOL and Comcast. For the past 7 years, I’ve returned to focusing on the world of technology.
The world’s biggest social network is in hot water over privacy rights yet again, with another controversy involving user data revealed this week. Facebook revealing they’ve been using an app, called “Facebook Research,” to track the behavior of its users, many teenagers. The app was a voluntary download, with users 13-to-35 receiving compensation in exchange […]
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As the third largest website globally behind Google and YouTube, Facebook commands audience eyeballs, time and engagement. Regardless of company size or marketing budget, you need Facebook for your marketing due to its sheer size as a media entity.
Let’s accept that Facebook’s recent negative press regarding sharing its users’ personal data is cause for public concern.
Despite this, its reach and targeting options are difficult to replace cost-effectively. So you need Facebook to distribute your content, engage with your audience, and build your community.
However, there’s a silver lining:
So let’s examine how to get the most out of your Facebook marketing.
To figure out how Facebook Pages perform for businesses and marketers Buffer and BuzzSumo teamed up.
Because in addition to having one of the most robust sets of social media data on the planet BuzzSumo is known for its independent, deep dive analyses.
BuzzSumo revealed that organic reach of Facebook shares had declined 20% in the first 6 months of 2017.
For the 2018 Facebook Engagement Research BuzzSumo analyzed 43 million posts from across 20,000 of the top Facebook Pages. To put this sample in perspective:
1. Top Facebook Pages increased their posting frequency
Top Facebook Pages increased posts per quarter 24% from 1Q2017 to 2Q2018.
These brands invested in people and resources to create these shares and to engage on Facebook everyday.
Further, these top brands add roughly 20,000 additional pieces of content per day on Facebook. And that’s doesn’t count the other Facebook Pages!
To put this in context, many bloggers have reduced their blog publishing frequency, notably Content Marketing Institute and Convince and Convert. They focus on serving better quality content without being overbearing.
Increased competition for visibility in the Newsfeed.
Further, in the top categories, artists and movies have a financial stake in promoting their offerings.
Historically, they’ve use big advertising budgets to promote their products across different media.
Now, they’ve added Facebook to their media mix.
But compared to other options, Facebook is relatively inexpensive for these businesses. As a result, they can do more with organic and paid options.
More businesses are competing for a fixed amount of visibility on Facebook.
Therefore choose your Facebook Business Page category with care. Your options are to niche down further or pivot to find another way to reduce category competition.
Facebook Engagement – Total drop in Engagement by Page Type. Chart by BuzzSumo and Buffer
Think Like Facebook
Put yourself in Mark Zuckerberg’s hoodie. (Don’t worry—I’m sure that it’s clean!)
Once the darling of Wall Street, Facebook lost over $100 billion of market value in late July.To put that in context, Facebook lost more than the total market value of McDonalds.
While most Facebook users didn’t delete their accounts, participant usage eroded along with user trust.
Further, Facebook failed to diversify their income beyond advertising. Until now, the fragility of this single revenue stream was hidden behind its continued size and usage expansion.
Expect Facebook marketing costs to increase. This includes related participation, content and paid promotion.
Assume organic Facebook content will have reduced visibility.
Assess your Facebook results on a more granular level to find targeted opportunities.
Facebook Page Engagement Example: Social Media Examiner
To appreciate what this means on a smaller scale, my friends at BuzzSumo ran a Facebook Engagement search for me using their Facebook Analyzer tool.
We looked at Social Media Examiner’s Facebook Page because it’s the go-to social media reference. Additionally it hosts of Social Media Marketing World. Further, Social Media Examiner has a team managing its social media participation.
Lastly and most importantly, Social Media Examiner has developed a vibrant community of engaged social media professionals.
As a researcher who focuses on online communities, I’m accustomed to this running meta-narrative about what it is I’m actually doing online — but usually, that narrative plays inside my head, not all the way down the feed I’m scrolling through. It’s like my research questions have sprung to life these days: What’s Facebook all about, anyway? Is this even fun? If it’s not fun … what is it, exactly?
This is an exciting time in the very short history of social media use.
Facebook’s users are becoming critical of the systems into which they’ve been conscripted. This is an important moment: Will public opinion follow the same well-worn cycle of outrage and acceptance, or will it jump the tracks and begin engaging Facebook on new, more challenging terms?
Researchers have been asking tough questions about Facebook for the past decade, but even armed with the most prestigious credentials, they pose a much smaller threat than educated consumers. And without consumer outrage, government regulation seems unlikely to move forward.
So far, at least in my own feed, the same old script is being followed to the letter. The soul-searching is punctuated by passionate cris-de-coeur from the feed’s more opinionated characters: Wake up, sheeple! If you’re not paying for the product, you are the product — remember? Quit Facebook! Encrypt your data! Smash your phone under the heel of your steel-toed boots!
Next, right on cue, the incisive social commentators swoop in to remind us that these calls are coming from inside the house. “Pretty ironic that you’re posting all this stuff on Facebook!” To which everyone silently rolls their eyes in resignation. Cue the gallows humor about how we’re all under constant surveillance, rinse and repeat. The human condition’s same old two-step. Sound and fury, signifying nothing.
This is only the latest in a long series of such leaks about data mining. In 2017, approximately 200 million registered voters’ personal data stored by voter profiling company Deep Root Analytics was accidentally made public. The previous year, Russian hackers accessed a large cache of voter information owned by the Democratic National Committee.
What this latest go-round is revealing is that these are industry practices that will carry on undisturbed, regardless of what Mark Zuckerberg says or does. This is not a Zuckerberg problem anymore; it’s a problem with an advertising model that is the industry standard.
Most of us Facebook users have been on the platform for about a decade, and perhaps our outrage is our growing pains.
We’ve gained some critical distance through time spent on the platform. We are less easily distracted by the ostensible fun the platform offers. And we appear to be compelled to ask questions about Facebook we’ve never asked before.
“The media narrative still assumes that the goal of these platforms (like Facebook) is to expose people to information,” McKelvey told me. “But it’s less and less about that — the goal is to manage and control people’s behaviour.”
Among the urgent questions media commentators should be asking, McKelvey believes, is how online advertisers are deploying user data to subtly nudge people. He provides the illustrative example of SnapChat — a company with relatively strong privacy settings in place — that leaks data to advertisers with dizzying granularity that reflects the industry standard.
Through SnapChat’s protocols, your phone informs advertisers how much time passes between the moment you’re served one of their ads and the moment you make a purchase at their business, either online or in person.
Every time you walk into a retailer with your phone’s location services on, you are leaking data about your consumption habits.
Perhaps we should be burrowing even deeper into Facebook’s business practices.
“Facebook reportedly changed its policies after 2015 to stop app developers accessing information on app users’ network. But for me the question is: Are Facebook users, in the real world, actually aware of the changing ways their data is being used, and the policies that purportedly govern these uses?” wonders French.
The consensus among social scientists who study life online is that whatever dynamics play out online have offline analogs.
We’ve had a decade to incorporate Facebook into our lives, and like any learning process, our success with it has been uneven.
We’re at a critical moment as users of Facebook. It’s our responsibility to educate ourselves about the implications of our participation. Deactivating our accounts won’t change how our personal data is valued to advertisers.
But perhaps, as we become mature users of social media, we can begin to demand that limits be set on how and when our data is bought and sold.