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RE: Libra is Actually The Fed Redux
Precisely my feelings when I read their white paper, especially about the structure of their Association - hey, it's a digital Fed! And they have the gall to allow founding members who have too much money to "delegate" some of it to a sock-puppet or two. I've seen that somewhere else. It's DPOS with muscles.
So, is it all one big hoax to get people to accept a digital Fed as the lesser evil of a ZukFed (looks strangely like a spoonerism)? Both private, both merciless, both creepy, both will win - Zuck can then launch the ChainFed. So many inglorious new names.
I'll shut up now. Thanks again for the delegation :-)
I honestly think that this move is a Zuck masterstroke that anticipated regulatory action against his sprawling social media monopoly. If the lawmakers had had any idea what was going on with Big Tech, they would have absolutely blocked the Whatsapp acquisition. Although, ironically, that would have probably led to Tencent buying Whatsapp, which in the long run would have probably pissed Trump off even more.
Although I do not think most politicians are geniuses, their corporate sponsors are, surely, less naive. This smells like floating something made deliberately controversial so as to water it down to what they really wanted. And what might that be? A digital totalitarianism? :-)
The IMF has been saying interesting things about the long game.
God knows what the end game is, but yeah you get what I’m saying. Libra seems too obviously controversial not to be a Trojan Horse. What is really inside? I dunno.
Maybe it’s just, “Don’t take my IG/WA away please, Massah!”
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