CNBC’s Ran NeuNer Calls Facebook CEO An “Unelected Dictator” Only to Bash GlobalCoin Project

It looks like CNBC’s Ran NeuNer, a prominent comentator on the crypto economy, has finally decided to agree with a large part of the crypto community: Facebook’s GlobalCoin project can certainly be a very dangerous move for the world.

Facebook’s GlobalCoin project received over $10 million USD in investments from high-profile backers such as PayPal, Uber, Visa and Mastercard, so we have all the big ones betting on it. Why is NeuNer so worried now?

While a lot of people are excited about the new project, some diehard crypto fans are concerned about the lack of decentralization in the project for a long time.

NeuNer Changed His Mind About The Project Recently

NeuNer, who is the host of the CNBC crypto show called Crypto Trader, was initially very excited about the project. He was not the only one. Even within the crypto community, a lot of people got hyped because this was a big project and they thought that it could put crypto on the mainstream forever.

He originally affirmed that the idea that a single company could enable 2 billion people to make transactions across borders using low transaction fees was amazing and it could cause the “most exciting financial revolution” the world has ever seen.

Fortunately, someone probably talked to him and explained just how bad Facebook and its CEO Mark Zuckerberg can be. Soon, he understood that it was, in fact, very dangerous for people to trust Facebook so blindly as he did.

He later affirmed that the project was, indeed, scary. According to him, the idea of a company with the largest user base of the whole world being able to launch its token and allow transactions was not so fun anymore when you remember that Zuckerberg is in charge.

NeuNer affirmed that Facebook will have more users on its platform that USD has, so he believed that Zuckerberg had the power to become an unelected dictator. He is unrestrained, has made several bad decisions before and has full control over his board of directors.

With a man like this in charge, GlobalCoin could be maybe even too powerful and very centralized in a single figure who cannot even share the power with his own colleagues. And some people still believe that GlobalCoin will help Bitcoin.

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Gabriel Machado
Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer


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