Eh…they seem to be mostly asking questions on "money laundry" Of course it's not going to be used for money laundry given how many eyes will be kept on it. The MAJOR ISSUE is Facebook's evil policy of destroying competitors. ALLOW COMPETITORS TO THRIVE. That's the main thing
WePower WPR Energy Blockchain And IoT- Penetrating New Blockchain Communities In North America, Europe And Asia
Libra and FB are seperate entities. Congress should stop conflating the two.
Congress must differentiate between currency cryptocurrency & digital assets
The same questions asked about Libra should be asked about XRP & XLM
Libra is NOT Cryptocurrency It is a digital asset The difference is critical
FB is spark for Libra but Libra will be a seperate entity where FB is one of 100 members of governing board. FB however will control the wallet Callibra which will be set up like other wallets that are licensed money handlers that follow KYC & AML
My question is how is Libra different from XRP XLM or other competitors – what are its pros & cons?
USA behind eightball – It will now lead or follow – it cannot block world wide phenomenon
1) There is universal real crypto which no one controls like Bitcoin – its like the Internet – a base where no KYC or AML necessary and it is incensorable 2) There is corporate fake crypto Libra Goldman Sacks coin which is used for efficiency but is censorable 3) Govt crypto like Petro – totally controlled & censorable 6/ Corporate crypto is a means to an end – it provides education and a means to onboard the poor and unbanked – who will eventually drift to real crypto
Am I the only one who think its weird for an actual desk to be sitting in the middle of the room? But this is the first time I clicked on a Fox News clip…pardon my ignorance
uah auh uuwww…the the the,,,,hahaha…buy BTC…
2050… Stores: “sorry, we only accept Libra money”
imagine the amount of alcohol Mr. Marcus needs after this hearing
Libra is kind of corporation money. Not really crypto currency, that is like public money. Crypto is open source, censorship registrant, decentralized, open to all public lager. . Neutral. Libra has nothing of those
Whats up with Mr Brown's voice…. is he a smoker.. feel as though I need to cough to clear my throat when I listen to him talk… COUGH COUGH. Great point Mr Brown made at 25.10..
wait i thought they banned all terrorists on Facebook? they didn't? xDD
47:52 lol "gold standard for banking" is such an ironic statement.
hahahahhaa crapo boy!!!!
america is a nation of drooling idiots. america is stealing identities and spying on its population far beyond facebook… and:they use facebook to do it too! duh…. crypto is the only salvation to the toilet flush of fiat economy
Absolute power corrupts absolutely
They hate facebook and tech companies but many of them use an apple watch and probably facebook, too 😀
I won't trust facebook anymore.
My friend is always complaining about hacks and viruses. I told him stop using Facebook. He is hooked on gambling on Facebook: that makes Facebook a business viable to taxation and business law regulations that includes being held accountable for spying, the removing any Right views, interfering with presidential elections, freedom of speech, interfering with political views. I am sure there are other laws they are breaking. I don't use face book period or google, though I do use google email though my web browser giving .. That .. I have never had a problem ever since dropping Google as my search engine.
haha I would never give my money to Facebook
Do not be fooled! The people grilling FB are not any better
No trust facebook. They proved no being trustworthy
Senate is bunch of morons no wonder the us economy is going down the toilet
Stinks, right from the beginning.
Hypocritical politicians now act like they care about people. They just don't want people to crash their banking system.
Goal NO.3 NOT compete with any sovereign currency
Goal NO.2 fully cooperate with regulators
Goal NO.1 low cost way to move money globally
It's sad to use blockchain to protect dumb people who don't even know that what it is, let them die with the devaluing fiat.
How is Libre different from Bitcoin and supposedly better for the end-user? Apart from Facebook branding of course.
I noticed Bitcoin isn't at the hearing
Flagrant displays of BS. Perfect summary from Senator Kennedy.
there doing this so they can crash the economy and trump won't get re-elected FACT
This is bs and is not going to be good. Facebook is a terrible company. I am against Facebook getting any more power.
MR Brown for president.
i dont know why but i have the feeling all this is just a EU currency
Facebook need to be phased out. split up. or heavily regulated. they certainly do not need to be a bank.
HMMMM so there will be a property tax for using Libra and then have a sales tax on top of that did i hear that rite
this is so unbelievable Facebook will be able to decide what is acceptable for someone to buy and from what merchant and what will happen if Facebook decides to suspend you account
So the US government/NSA who illegally and unconstitutionally collect everyone's data, phone calls, texts, emails etc now care about user privacy!? Lmfao. What hypocritical fools.
These parasite pricks don't care about terrorism. As they're the terrorists destabilizing the world with sanctions, wars and proxy wars. They only care about the IRS being able to keep stealing everyone's money.
Welcome to dystopia. Libra is the SDR and we all know it. The irony is the USD will continue to be used for global under the table illegal activities and it will be the ONLY 100% private currency in the US.
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.