NYU professor: Facebook’s Libra must not be default currency

Published: July 9, 2019 | by Bitcoin Press News Team

Copyright 2019 CNN NEW YORK – "Mild horror" is an appropriate reaction to Facebook’s cryptocurrency plans , says Scott Galloway , a marketing professor at NYU’s Stern School of Business.

"We are rightfully concerned," Galloway told CNN’s Julia Chatterley on "First Move" Monday morning, in a discussion also about his new book "The Algebra of Happiness: Notes on the Pursuit of Success, Love, and Meaning."

"To take over society is three legs of a stool: First you get control of the media, then you get control of the money and that leads to control of the military," Galloway added. "Facebook has […]