Topic: Libra Just Got Its First Major Supporter in Congress - page 3. (Read 432 times)
It is indeed good to hear a different voice. This will not balance the equation of course. There is an avalanche of politicians who are against libra. But at least, this will somehow open the other side for those who really think that libra has something to offer positive to the world, especially regarding the new way of doing commerce. Perhaps some politicians out there are just timid to come out supporting libra because everybody is against it. I am expecting a better debate on the project.
Cryptocurrency is already helping the unbanked, we don’t need Libra anymore its like Paypal 2.0 so centralized. I don’t think he can convince big companies to jump in even it is praised by a Senator now. The government scrutiny is not over yet.
I think Libra will not fully support the crypto market it will firstly support centralized banking system and maybe it cause a negative effect on the crypto market, it is m own opinion maybe I am wrong.
So a private company (Facebook) can see every transaction/payment of another private company (lets say Jeff's Locksmith) or private person (judge, solicitor, clerk, cashier, officer....... ), but (Jeff's Locksmith) cant see payments the other private company (Facebook) makes.
It the same as playing poker, one player holding the cards facing him, and the other player must have his cards face up.
That is a rigged game by any standard, a scam, the one with the face-up cards can not possible win.
A company, player par-taking in this game is not worth anything.
It the same as playing poker, one player holding the cards facing him, and the other player must have his cards face up.
That is a rigged game by any standard, a scam, the one with the face-up cards can not possible win.
A company, player par-taking in this game is not worth anything.
We're about to see the balance between them and the government. But whether they'll get support from a senator it won't change the fact that they are centralized.
This will add more exposure to Libra as the launching is getting at hand.
This will add more exposure to Libra as the launching is getting at hand.
Libra wont help the crypto-industry, it only promotes centralized coins and encourages banks to do the same.
And will also collect our data.
Centralized coin will be supported by crooks in fancy suits/clothing.
Libra wont help the crypto-industry, it only promotes centralized coins and encourages banks to do the same.
Libra wont help the crypto-industry, it only promotes centralized coins and encourages banks to do the same.
And this good news for Facebook's Libra even if there is only one showing up with the party. Mark Zuckerberg is hoping that an avalanche of support from legislators can suddenly and magically appear right before his eyes...
Quote
Amid a sea of scorn, one U.S. Senator is praising Libra.Sen. Mike Rounds (R-S.D.) wrote a letter to Libra Association member Anchorage, a South Dakota-based trust company, endorsing the Facebook-led project and citing it as an example of a technological advance he feels is needed to aid U.S. consumers.
Rounds also pushed back against a more “ominous” letter penned by Senators Brian Schatz (D-Hawaii) and Sherrod Brown (D-Ohio), warning the CEOs of Mastercard, Visa and Stripe that they may come under increased regulatory scrutiny should they continue participating in Libra. (All three, alongside PayPal, eBay, Mercado Pago and Booking Holdings, later quit the project.)
“Technologies like Libra … have the potential to help unbanked and underbanked consumers right here at home...”
Read more of this here...
Well, its good to see that a good senator is bucking the trend. From time to time, it is also nice to hear a different opinion, conviction and conclusion in relation to the launch and subsequent operation of the Libra coin platform which Mark's minions are hoping can be done as soon as possible. Maybe Mark and Marcus can conduct an information and PR campaign to convince more members of Congress and Senate to allow Libra operate maybe provisionally before they make a conclusion that it can severely affect the traditional systems of the land.
Assuming that you are in the big shoes of Mark Zuckerberg, what are the changes you plan to execute with Libra to make it more digestible and palatable with the angry regulators and legislators?
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