Former Facebook employee and Facebook whistleblower, Frances Haugen, has said that she is financially supporting herself due to crypto investments she has made. She told [The New York Times](https://www.nytimes.com/) that for the foreseeable future, she will be fine as she invested in crypto at 'the right time.'

In a phone interview with Cheddar, Haugen said that when she first heard of cryptocurrencies from her brother in 2017 she thought they were 'absolutely crazy'. As a result, she went to a meetup with him and was surprised by how many people loved the idea of cryptocurrency. She said:

"I couldn't understand it because I didn't get it. But I think everybody gets this, like, 'what is money,' right? It's just something that we use to trade and barter with, but the technology behind it is what's really interesting."

## 'Facebook Prioritise Growth'

37-year-old Haugen recently accused her former employer, Facebook, of prioritising growth over safety. She said:

"I do not think that Facebook has prioritised privacy overgrowth. I feel like there are some leaders within the company who have, but for me, it's always been that data privacy and security are foundational to the success of our business."

The data scientist admitted that she has some concerns over the future of her career. However, she said that the investments she made in crypto are enough to support her for now.

"It's a big risk for me," she explained, "but I've been living a frugal lifestyle and investing in crypto since 2015 so that I could feel secure in my ability to leave the industry if I decided to. For now, that security is enough."

More [Business news](/news/category/crypto-business-news). 



FB Whistleblower Supporting Herself with Crypto

Yesterday’s 24 hour outage of centralised service providers [Facebook](https://www.facebook.com/), WhatsApp and Instagram had many in the crypto space calling for the advent of Web 3.0 as fast as reasonably possible.

## What is Web 3.0?

But what exactly is Web 3.0, why is it relevant and how does it fit with blockchain, cryptocurrency and the decentralised economy?

Web 3.0 is essentially the next evolutionary step in the development of what we know commonly as ‘the internet.’ If web 1.0 was the message board era which only allowed one way interaction then Web 2.0 saw the advent of user led content and the inevitable rise of social media.

Web 3.0 can therefore be defined as ‘the machine based understanding and management of data in order to provide a user driven and semantic internet experience.’ Ok, that doesn’t sound like the most exciting raison d’etre I agree, however when you consider the aim of a web 3.0 based society is to create a more intelligent, connected and open internet it begins to make a little more sense.

## Web 2.0 vs Web 3.0

The essential difference between Web 2.0 and Web 3.0 is that in their third iteration websites and applications will be _written_ by artificial intelligence and machine learning in order to provide consumer led content in a style which is both personal and pleasing. This in turn will lead to the provision of a faster, more innovative and more personal end user experience.

Naturally, this new internet will be decentralised and will rely heavily on peer to peer led networks facilitating, among other things, the rise of new payment infrastructure, supply chains and unimaginable levels of personal security.

Centralised corporate giants such as Facebook, Twitter and YouTube have no choice but to adapt in order to survive as the internet once again returns to its customer driven and consumer led intended purpose.

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