Facebook’s Libra vs. Epic Private Internet Cash

“First they ignore you, then they laugh at you, then they fight you, then you win” originated with Mahatma Gandhi.

The cryptocurrency space was borne out of opposition to the status-quo. From the earliest Cypherpunks in the 1980s & 1990s, crypto-anarchists, and anarcho-capitalists, these forefathers of the blockchain & cryptocurrency explosion have sought freedom through cryptography. These are individuals which have a strong desire to return to first and basic principles, natural law, and a society that respects private property rights. I remember when it was extremely unpopular to admit you were into cryptocurrency. A lot of people didn’t want to hear the world was on the brink of freeing itself from the statist disease and the corporate shills bought with bank interests and major lobbyists. Politician’s have privatized corporate profits and socialized loses, epitomizing democracies across the world. Fast forward to 2019 and a decade from the onset of Bitcoin and its’ white-paper. Today, cryptocurrency is mainstream, on television and being covered by the largest print and digital websites world over.

Rumors are Facebook is launching its’ cryptocurrency by the end of this month or sometime early next month; however, Libra will be a centralized privacy nightmare for users just as Facebook has been since its inception over fifteen years ago. Humanity is at a very important juncture in history. Will people choose wisely or willingly lose even more privacy by adopting centralized ‘cryptocurrencies’ such as Libra, Facebook’s new ‘coin’, or will people adopt Epic Private Internet Cash and secure their data from prying eyes? The choice is paramount to our lives and posterity, we either regain our freedom and create free markets again and for the first time across the entire world enjoy free commerce or we’ll continue the descent into a private-less vacuum, where all conversations and exchanges are eavesdropped and restricted.

The anti-intellectual intellectuals are already in the proper decentralized camp and have been for many years; some just have an uncanny ability to see things prior to the events playing out for the masses. However, the minority cannot save privacy for all, so it’s of upmost importance we educate those not yet understanding the real costs of centralization and giving up their data to corporations which in return profit on the losses of private life.

Facebook ‘nodes’ can be bought by any facet willing to cough up the $10 million per node asking price to be a part of the coin’s governing consortium, titled the Libra Association. The protocol will make the entire network very centralized, deny anonymity of its’ users, and hardly make it justifiable to be labeled a cryptocurrency. Contrary to Facebook’s Libra, Epic Private Internet Cash’s distributed process will encourage anyone who wants to mine to participate with 4 different mining algorithms’, thus, securing the network and providing fast & secure transactions that are wholly anonymous and attainable for all individuals and not only mega corporations.

Another important distinction between Epic Private Internet Cash’s, Epic Coin and Facebook’s Libra, is Epic’s will increase in value over time through the utility the network provides to its’ users. Despite corporate backing from Mastercard, Visa, Uber, and PayPal, for starters, Libra is a ‘stable-coin’. However, as the economically inclined and avid cryptocurrency adopter knows, there’s no such thing as a ‘stable-coin’ in reality since they’re all tied to fiat money. ‘Stable-coins’ will die with the fiat they’re tied to, another aspect of centralization often overlooked. Epic’s on the other hand, are finite in supply and decentralized. Epic’s will become increasingly more valuable over time and provide real utility to holders of the coin.

It’s a very important time to educate yourself and know the difference when investing and using new digital protocols. Decentralized currencies such as Epic Private Internet Cash will win out in the long term, just as its’ decentralized forefather Bitcoin has done in the last decade. Centralized databases such as Libra and XRP which seek to co-opt the decentralized movement but will fail; moreover, users will see the value of their centralized holdings dwindle as the fiat currencies they’re pegged to are inflated by central planners and debased into monetary oblivion.

Links to Project:

Website: www.epic.tech

White Paper: https://docs.wixstatic.com/ugd/e1dfc6_56c1ba9485cd428b94a167c100708028.pdf