Crypto Token Talk

Today’s guest is Colin Fausnaught, the founder of Zuck Bucks. He is a recent graduate of the Rochester Institute of Technology and worked on JP Morgan’s Quorum blockchain for his senior project.  Colin begins by giving an overview of issues that Facebook has come under fire for this year. He believes that political advertising practices on the social network are being taken advantage of by malicious parties. This brings up Facebook’s announcement of their own cryptocurrency, Libra. Colin gives his thoughts on what this cryptocurrency can do for Facebook and why so many large companies are involved. Facebook will have all private keys to Libra wallets, and Colin describes why he finds this so scary. Colin created Zuck Bucks originally as a joke targeting the new Facebook cryptocurrency but now says that it has a great community movement behind it. He does think that a few positive outcomes may happen because of Libra, but affirms that the crypto space will probably be worse off because of the announcement. Som