The Global Cryptocurrency Race and Crimes Against Children

We are living at a historical time in history. Nearly every day a new cryptocurrency is being introduced, but the technologies are different than Bitcoin.

Facebook is set to introduce Libra to their more than one billion followers. If approved by Congress, the Libra cryptocurrency will be backed by an asset base made up of many global corporations. The stated purpose is to bring banking to the hundreds of millions of people around the globe who are now getting access to social media but have no means of banking. The challenge is that Facebook is known for their business model of collecting and selling your every post, click, search and location.

Recently, it was announced that the Tik Tok app, owned by Byte Dance, a Chinese Corporation, surpassed Facebook, Instagram, and WhatsApp in the number of users. The Peoples Republic of China announced that they too are creating their own global currency with an asset base.

We will be following these trends to see if this ends up in a global cryptocurrency race, controlled and marketed through global social media apps, who are building massive artificial intelligence databases of social media communications, locations and buying behavior.

What is fascinating is that both of these app developers are offering our kids mass-audience live-streaming where, instead of communication with a few hundred close friends, they can now have 100,000 or 500,000 and sometimes a million followers. Once these apps are connected to immediate access global cryptocurrency, life as we know it will never be the same. And, many of our kids will be exploited through what they perceive to be “easy money.”

Join us Thursday, September 5, 2019 at 7:00am PST on Voice America Variety Channel or access the archived show on as we explore how the world of crime, crimes against children, and crime solving will change based on these potentially world changing technologies.

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