What’s more attention-grabbing is Zuckerberg’s increased interest in cryptocurrency, which he thinks could restore people’s faith that technology is a decentralizing force, not centralizing.
The loss of faith is due to the handful number of big tech fishes, which could include Zuckerberg’s own company, and governments running surveillance programs on people. All of them have done the job of centralizing the power to themselves.
“There are important counter-trends to this –like encryption and cryptocurrency — that take power from centralized systems and put it back into people’s hands,” he wrote.
“But they come with the risk of being harder to control.”
Zuckerberg said that he would study the positive and negative aspects of cryptocurrencies and blockchain to find ways it can be helpful for Facebook. Possible areas where Facebook could come up with decentralized blockchain-powered projects include cross-border payment systems, AI systems, streaming services, etc.
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Another big reason why he should focus on cryptocurrencies is the instant rise in the net worth of the Ripple CEO, who shares numbers with the top ranking people in Forbes’ Billionaire’s list, including Zuckerberg.