Reflecting on Facebook's Hilarious, Well-Deserved Crypto Failure

Reflecting on Facebook's Hilarious, Well-Deserved Crypto Failure
Reports surfaced this week that Facebook, now known as Meta Platforms, is planning to sell intellectual assets from its proposed digital currency, originally dubbed Libra, and shutter the project. Drinks are on me, because there’s nothing quite so gratifying as watching Facebook and Mark Zuckerberg fail – and Libra, later known as Diem, was a glorious trash fire of unforced screwups from beginning to end. If you dream of a future in which our online world isn’t dominated by predatory data hoarders, the ineptitude displayed by Facebook here should keep you warm until spring.This article is excerpted from The Node, CoinDesk’s…