Facebook allowed the use of cryptocurrencies

Facebook CEO Mark Zuckerberg

Facebook CEO Mark Zuckerberg

Zuckerber admitted that his personal challenge for 2018 was to focus on fixing these important issues.

Facebook CEO Mark Zuckerberg has pledged to "fix" Facebook, in what he described as his personal challenge for 2018. "We won't prevent all mistakes or abuse, but we now make too many errors enforcing our policies and preventing misuse of our tools", Zuckerberg wrote.

The Verge notes that Zuckerberg's intentions are well-timed, especially since Facebook is yet to develop foolproof methods to curb harassment in the site. Facebook is used by people belonging to all walks of life.

In response, much of the internet said: Zuckerberg is challenging himself to spend 2018 doing his job.

Zuckerberg said about the possibility of using cryptocurrency in the services of Facebook. Reports about fake news and being a platform of Russian influence on United States elections made 2017 a rough year for the company.

The month before, Facebook ex-president Sean Parker admitted that Facebook creators were from the start well aware that they were exploiting a "vulnerability in human psychology" to get people addicted to the "little dopamine hit" when someone likes or comments on your page. (NASDAQ:FB) were released by: Investorplace.com and their article: "How Ending Net Neutrality Could Negatively Affect Facebook Inc Stock" published on January 03, 2018 as well as Investorplace.com's news article titled: "Facebook Inc Stock Isn't Running Out of Room To Grow" with publication date: December 28, 2017.

He planned to gather experts to delve into topics such as politics, civics, media, and technology in pursuit of his goal. "This will be a serious year of self-improvement and I'm looking forward to learning from working to fix our issues together". With the rise of a small number of big tech companies - and governments using technology to watch their citizens - many people now believe technology only centralises power rather than decentralises it.

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After initially dismissing concerns about the influence of so-called fake news on Facebook, especially during the 2016 USA presidential campaign, Zuckerberg released a 6,000-word "community letter" in February, explaining how Facebook would attempt to prevent harmful uses of its platform and focus on building relationships between people.

'But today, many people have lost faith in that promise.

"There are two important counter-trend - encryption and crypto - currencies- which takes power away from centralized systems and return it to the people".

But without regulation, those hands can prove to be buttery, he said.

[Decentralized technologies] 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.

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