RE: Lets talk about: Facebook’s “Libra”
Mark my words, this is only the first of many such fights. Like starving wolves fighting over a rapidly shrinking bone, we will see banks, governments and multinational corporations attack one another over and over again. Their evil greed, the same driving force which these organisations have relied on for decades, is finally going to bring them down!
This is my hope, but what if the Federal Reserve, US govt and Facebook / Amazon and the remaining technocrats come to an agreement on how to screw all the rest of us in order to stave off the threat of bitcoin? If this happens we could have book of Revelations consequences.
Facebook coin will not be censorship resistant, borderless, or neutral and it will not become a reliable "store of value" because you cannot store value in an asset that can be confiscated at whim. The white paper reads like a pc collection of buzzwords.
Please don't take this the wrong way: with a comment like that, you must be an American.
It just so happens that I have recently written a little something just for people trapped in your particular thought pattern; I think that this may help you and give you hope: read the introductory paragraphs of this post and let me know what you think: https://steemit.com/bitcoin/@bitbrain/kycnothanks-ddgv8zan8d
If that doesn't make you feel better then read this; https://steemit.com/bitcoin/@bitbrain/thefutureofprivacycoins-z5g52ervzb
I agree completely with your comments on Libra.
I don't want KYC and have the same attitude that Andreas Antonopoulos does toward it. We need to abolish our government. It has gotten out of control and I'm constantly looking over my shoulder or my rear view mirror to see if cops are getting ready to run one of their revenue generation scams or beat me or my family up or shoot my pets for kicks. That's why I'm in bitcoin, because it's unconfiscatable. I regard it as my social security insurance since Bush 43 stole it to pay for the Iraq war.
They aren't all powerful in foreign countries, but come into New York and the vibe changes significantly. I have to stay here because I take care of an elderly parent, so freedom would require me throwing my father under the bus. We have the Nazi SS here now reincarnated from their former evil lives. They escalate confrontations over the slightest nuanced provocation. It isn't hard to get into a situation where you have to kill cops in self defense here, so everybody keeps their head down because everyone knows if you wear a blue suit, you're above the law.
This won't last forever. We are headed for a Roman style collapse. It is only a matter of time. I'm just hoping that I won't be forced to kill cops in self defense before we cross the bridge of statism into anarchy. In case it isn't obvious, I'm an anarchist, trapped in America.
I know the feeling :(
If it makes you feel any better, I'm not American and I deal with the same shit, possibly even worse. I fully agree with your last paragraph - I can relate to that too.
It's sounds stupid, but worrying about killing abusive government enforcers is a huge worry for me!