Brian Fung | @[email protected]

Brian Fung | @[email protected] @b_fung

iOS 13’s new privacy features are looking pretty nice — finally, users will have the ability to grant location access to an app just once https://t.co/sb5CyO7FFV — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Do you think if you fed Patrick Stewart’s face into FaceApp you’d get the exact same image back? — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Hyperloop, but for sucking all the humidity out of the air and sending it to drought-stricken areas — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

RT @geoffreyfowler: New @washingtonpost: I looked under the hood of the viral FaceApp — and spoke to its CEO. Here’s the 5 privacy questio… — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Man, Cyberpunk 2077 sounds like it’s going to be like Deus Ex on stims: https://t.co/zSVFPprnUT — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

“We should get Mr. Zuckerberg here himself,” Waters says. — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Waters is closing the hearing, saying it was far more productive and informative than folks watching might have first expected. McHenry moments before expressed a similar view. — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

@angelafritz Have you tried to cook an egg on the roof yet and livestreamed it because I would totally watch — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

RT @donie: #BREAK The Democratic National Committee has warned 2020 presidential campaign staff not to use FaceApp: "If you or any of your… — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Rep. Waters argues Facebook has created an exclusive club in the Libra Association: "The billion-dollar boys are taking over." — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Oh so this is why I didn’t need to wear six fleeces in my office today — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Meltem Demirors is doing a really great job of clearly explaining the differences between bitcoin and Libra, both in how it works mechanically and how it’s governed organizationally. — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

@hshaban or spend 5 minutes on this here website — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Welp, the word “shitcoin” is now a part of the congressional record — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Why did Facebook choose Switzerland for the Libra Association? Gary Gensler suggests it’s possible that under Swiss law, Libra may be less likely to be considered a security. (Though I’m not sure how that helps FB if it still needs to assure US regulators of what it's doing.) — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

What do you call a robocall that goes directly to the brain? A lobe-o-call. https://t.co/A27BNURKYc — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Wait. Is Marcus saying they haven’t figured out yet which authority will ensure that the reserves are sufficient? — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Putting this together with Facebook’s interest in developing countries, it wouldn’t surprise me if they have microlending in mind, and not just remittances, when they talk generally about reaching “the unbanked” — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

This is key: Marcus says Libra’s business model turns on two things: 1) Businesses on Facebook accepting digital payments which will help them grow and buy more ads on Facebook; and 2) Facebook will “offer a range of services [including] lower cost access to capital” — so…loans? — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

FWIW, “politicians picking their voters” is pretty much the very thing that critics of gerrymandering have been warning about for years https://t.co/iKKodStws8 — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Interesting followup from Gonzalez: Could we see a Chinese enterprise join the Libra Association? Marcus seems to say it would be up to the Association, before Gonzalez again says that the Association would be controlled by Facebook, so there’s little difference. — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Rep. Anthony Gonzalez argues Facebook essentially cherrypicked founding members of the Libra Association and they’re not accountable. “If we could hand select our voters, we’d feel pretty comfortable about being able to influence whatever decisions that are made.” — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

What does addressing “all” of the concerns look like? How many lawmakers, regulatory agencies, etc. are we talking about here? Will FB only proceed when it gets positive endorsement from all these stakeholders, or will it move forward so long as it feels it’s responded enough? — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

@blakereid It does sort of seem like an unsatifisfiable condition when so many members just seem opposed in principle to Facebook becoming involved in payments or banking. — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Seems significant: Asked whether Facebook will launch Libra *internationally* even if it can’t get US policymakers’ approval, Marcus says no, “we will not proceed until we get all of the concerns addressed." — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

I’m pleased (I think?) that the Libra hearing is still going. What’d I miss? — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Gotta step away for a meeting but so far it seems like a pretty substantive and issues-based hearing. — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Deleted the last tweet bc I meant Malone (not Marcus), who interjected: “If you will not commit to testing this as a pilot progoram first… I think Congress should seriously consider stopping this project from moving forward.” — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Marcus interjects: “If you will not commit to testing this as a pilot progoram first… I think Congress should seriously consider stopping this project from moving forward.” — PolitiTweet.org

Brian Fung | @[email protected] @b_fung

Rep. Malone is trying to get Marcus to commit to doing a small-scale pilot project; Marcus repeats that FB won’t move forward until policymakers are satisfied but does not sign onto Marcus’s request. — PolitiTweet.org