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RE: Podcast thinks Facebook is trying to take over the banking system with Libra - can JPBLiberty stop them
I see this crypto cryptocurrency as a threat to our platform without mentioning that already facebook to do business with the information of personal data to governments that tells us that they also will not get their hands on our money once they have it on their platform I I do not see it for sure
From my side I like how it's handled :
"A note on Facebook, Inc.’s role — Facebook teams played a key role in the creation of the Libra Association and the Libra Blockchain, working with the other Founding Members. While final decision-making authority rests with the association, Facebook is expected to maintain a leadership role through 2019. Facebook created Calibra, a regulated subsidiary, to ensure appropriate separation between social and financial data and to build and operate services on its behalf on top of the Libra network. Once the Libra network launches, Facebook, and its affiliates, will have the same commitments, privileges, and financial obligations as any other Founding Member. As one member among many, Facebook’s role in governance of the association will be equal to that of its peers."
For me it's looks like a serious alternative to banking systems and actual crypto as each has it's own drawbacks.
If it's true, you're right and good point of view