LIBRA IS DEAD ON ARRIVAL

LIBRA IS DEAD ON ARRIVAL.
RESERVE PROTOCOL PREVAILS!

cointelegraph.com/news/drafted-keep-big-tech-out-of-finance-act-surfaces-days-before-libra-hearings

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Nice capitalism you have there Amerisharts

The US government is fucking trembling over this. Never seen so much seething and butthurt at such high speeds from government cucks kek.

They know their days are numbered.

i seriously fucking hate this country

>All these butthurt niggers for a literal shit coin
You retards this is good it would have killed all the others coins

fuck the zucc and fuck facebook

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so you guys want to let zuckerjew print shekels and sell all your financial data?
at least with the federal reserve they need to get government's permission

Anyone who doesn't support this bill is a subversive kike

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You're an idiot. They are defending (((banks))) monopolies on banking. Look up what happened in China when tech got involved in banking.

This is bullish for cryptos. Let gubernment, banks and big tech fight each other, crypto will take over all of it.

muttmerica land of the free

ZBUX moon then????

You are an idiot and a homosexual.

Retards, this gives them the right to ban all crypto. If the fed tries to target one company, Facebook can sue for due process reasons. Supreme Court rules that the law is only valid if applied to all businesses. Fed bans all crypto. You statist fuckers are the most gullible suckers

Meanwhile French regulators work on drafting a law that no only allows but fully normalizes crypto assets, both for funds and regular citizens, and for the the creation of specific legal recourses in fake ICO/exit scam scenarios.
also creating an asset class for crypto taxation, so it's taxed less than if it was taxed under income tax and crypto to crypto is not taxable.

>"muh freedom"
talk all you want free markets, the US is nowhere near true capitalist free market either, the state constantly intervenes in the economy, except it's to defend the top 1%'interest, that's why US roads and infrastructures are 3rd world level while simultaneously having the world 1st economy and 75% of the population who can't afford a degree without going into debt

Makes you think that this might have been set up.
FB could have just unveiled Libra the day it went live instead of earlier.

Let the lawsuit get dragged out, I will be rich by EOY 2020 anyway.

>Backed by Peter Motherfucking Thiel (original Paypal, Facebook, etc investor; Trump assessor)
>Backed by Coinbase
>Backed by Sam Altman (Angel investor on Airbnb, Pinterest, Stripe, Reddit, etc.)
>Under 30M marketcap
>OG Linkies behind research on biz
>Not shilled on youtube, non existent (not even a page about it) on reddit
Yep, I think this is the safest 10x for the second half of the year.

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GET FUCCED ZUCC
FUCC ZUCC
FUCK
YOU
ZUCC

Facebook is a predatory organization. It’s app is Literally malware. There is a reason the government is going after this bullshit. It’s not so much an attack on crypto as it is an attack on zuckerberg becoming a bank

Facebook was trying to operate as a central bank without going through the channels to properly be one.
True crypto is decentralized without a primary issuing corporation. Totally different. And considering Facebook was going to use Libra to inject USD and destabilize third world economies to the point it effectively became Rothschilds 2.0, I say good on the people calling them out.

>Sundownfags on Jow Forums
Thanks just bought 100k

Libra was also threatening other big banks. They are all revolting against the berg.

Does Bitfinex/tether have a government banking charter? Nope

Government is already going after tech monopolies for antitrust as we speak. You think they are going to let them start issuing digital currency? Think about it user.

>Government is already going after tech monopolies for antitrust as we speak.
That's for show, Zion Don hardly gives a fuck
>You think they are going to let them start issuing digital currency? Think about it user.
Of course not, the US requires a monopoly on the issuance of currency to have full control. That's why Faceberg will take the fall and all other crypto will be buried under with it.

And Tether's literally in court right now.
Exchanges operate differently than central reserves, anyway. The exchange side of them doesn't face the same scrutiny.

You are one dumb nigger if you think Trump won’t crush Facebook and or Google before he leaves office. I’d short both companies if I were you. I don’t believe he will try to destroy crypto. Just try to regulate it.

>LIBRA IS DEAD ON ARRIVAL.
That was a given

No need for Trump to crash them. They have become fat and lazy in the late 00's and missed the train. Good riddance, let the new one feast on their cadavers

>They are defending (((banks))) monopolies on banking.
There is only one company on earth who would be worse than what the current system are doing and it is Facebook.

>That's for show, Zion Don hardly gives a fuck
The bitch at google literally said they want to stop trump from getting re-elected and he’s seen the video and has spoken about it. He will destroy google because it’s in his own interests, retard

Building the wall was in his interests too and look how he delivered on that. He's a coward and a pushover

>needs a bank account and an ID
why just why would you even want this meme

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FUCKING BASED

eat shit (((Zuckerberg}}}

Something is feeling threatened.

This is good news, Libra can easily kill crypto and its volatility.

Still, LMAO @ "United" Goyim of America . Objectively the most totalitarian country on the planet for pulling this shit out of their ass. Literally a bunch of slave to your jew banskter overlords.

>Still, LMAO @ "United" Goyim of America . Objectively the most totalitarian country on the planet for pulling this shit out of their ass. Literally a bunch of slave to your jew banskter overlords.
Seriously. When Moody's downgraded America's credit from AAA+++ (or whatever) to one lower, Obama sued them for 5 billion dollars. Imagine that doing your job, evaluating the financial soundness of a nation, can mean being robbed.

Libra is just ripple tether with coinbase as the default wallet. Why wouldn't you want more onramps? If this shit gets going we'll see some more capital flow in, and if its dead on arrival true cryptos prove their worth more. We've already won, really.

Under no circumstance will the US allow Facebook to do it. Or they will wait until launch and then shut them down to cause maximum damage to Facebook itself

>at least with the federal reserve they need to get government's permission
Other way around, treasury can't get money printed without the federal reserve's permission

The real reason that FB wants to launch Libra in general is because FB has been losing lawsuits all over the place. The company is a sinking ship at this point. Just look up all of the lawsuits its currently in, and the ones its lost. Just a few days ago it lost a 5 billion USD lawsuit. By my analysis the real reason FB wants Libra is to funnel its profits into Libra and avoid the USD whereby side stepping taxation loopholes and maximizing its profits - which it really needs right now since it is in a kind of blackhole at the moment. In short FB is way worse off than the average Norman knows, and theres a long list of reasons why veteran stock market autists have sold off positions on the stock. dyor, but just understand FB has been a sinking ship for quite some time now.

You want facebook controlling your finances?

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Hey leftypol
Hmmm banks do banking

Based and geopolitical macromarketpilled

>>>/leftypol/

Buy Zuckbucks.

Why can't zucc just do it and pay whatever fine? Government would literally have to shut down internet to stop it lmaooo.

>You retards this is good it would have killed all the others coins

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Fuck tha FED
We just laughing at em cause they can’t touch it

>Being bluepilled on international banking cartel

this
fuck commies and their road to hell

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>The US government is fucking trembling over this. Never seen so much seething and butthurt at such high speeds from government cucks kek.
good reason for that facebooks libra is a threat not to be taken lightly. i hope it never becomes a thing but seems inevitable. it's a threat to state sovereignty the banking system amazon and other chains and the users privacy.

no the real reason is weechat.

several social media factors destroying FB yea.
tictok, sc, and youngfags refusing to use FB in general
the avg age of FB users is 35 years old
that really says a lot.

and the biggest lawsuit (a class action) that FB is in is with a long list of advertisers that used the platform.
well, they are suing FB because it was found that more than half of FB reported users are not actual humans.
along with lots of other number variables that FB lied about to these marketers, the lawsuit should set FB behind in 10s of billions.

goes without saying, that FB is going the way of myspace

MLP on biz.
Damn no wonder the market is dumping.

Imagine being in favor of the government banning 1s and 0s. We're loosing our freedom a little bit more every day to the people who own our politicians while faggots like these cheer it on.

Stop posting here Mark, subversive kikes are not welcome here.

Hang yourself shill
derpibooru.org/1533924

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based, what's your portfolio barneyfag?

It's almost like an architected sequence of events is occuring in sequence.

Libra is literally the Jew coin backed by their jew bankster overlords you fucking retard.

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>jews are the most powerful
>Trump is a kike
>Don't vote it is pointless
Jews, getting thrown out of countries and massacred since 2000 years when they become too cocky

>talk all you want free markets, the US is nowhere near true capitalist free market either
this is correct. the IS is a communist system disguised as capitalist.

Karl Marx's "10 Planks" to seize power and destroy freedom:

Abolition of Property in Land and Application of all Rents of Land to Public Purpose.

A Heavy Progressive or Graduated Income Tax.

Abolition of All Rights of Inheritance.

Confiscation of the Property of All Emigrants and Rebels.

>Centralization of Credit in the Hands of the State, by Means of a National Bank with State Capital and an Exclusive Monopoly.

Centralization of the Means of Communication and Transport in the Hands of the State.

Extension of Factories and Instruments of Production Owned by the State, the Bringing Into Cultivation of Waste Lands, and the Improvement of the Soil Generally in Accordance with a Common Plan.

Equal Liability of All to Labor. Establishment of Industrial Armies, Especially for Agriculture.

Combination of Agriculture with Manufacturing Industries; Gradual Abolition of the Distinction Between Town and Country by a More Equable Distribution of the Population over the Country.

Free Education for All Children in Public Schools. Abolition of Children's Factory Labor in it's Present Form. Combination of Education with Industrial Production.

y'all nigs need to learn some shit

>You want facebook controlling your finances?
As apposed to the multitude of other joos and shabos goys. It is just a new name on an old situation.

College and medicine are expensive because of regulations not for lack of them you fucking cock

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how i feel when im all in rsr and find out it wont have any competition

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>peter thiel
>palantir
>not big tech

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This

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Sure we all hate kikebook, but this is hurting one kike to help the other, in this case the banksters and (((financial))) institutions. In the end the only ones that always come out losing are the goyim

ZUCKKEKJEW ETERNALLY BTFOD

youtube.com/watch?v=7S6506vkth4
this guy will explain to you brainlets what's going on. he is over-dramatizing it a bit but the general idea is sound.

facebook libra is a direct threat to state sovereignty the banking system amazon (yes facebook marketplace is a joke now but wait until they get their own currency and they can give you 5% off everything because cc companies are out of the picture!) and other chains and the users privacy.

no you don't get it
see

>Zuckerburg is not Jewish
The absolute state of Nazis today...

nice reading comprehension there brah

who would have thought your second sentence would change the overall meaning of your statement
In any case, an all digital currency capable of tracking literally everything you do with your money while also collecting 1984 levels of data on the majority of people in society is probably a good bit worse than what we have now

all those morons shitting on zucc, you realize blockchain is also part of big tech right? if they keep facebook away from finance it means they will keep all crypto away from finance

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What a literal 14 yo nonce. Your financial data is tracked and sold like precious metal. Every time you use your credit card, is another data point for MasterCard. Hard to imagine Zucc being any worse.

no not the same at all
because libra is a trustful permissioned vendor locked in privately issued corporate digital currency. and as such extremely dangerous to many including finance states and retail.

facebook should not be allowed to print it's own money. no corporation should. it wil happen anyways but at least fuck them over as much as we can.

crpyto is a different animal. especially bitcoin.

and who says corporations aren't allowed to print their own tokens? thats the entire point of blockchain, thats the adoption. you think all those "projects" that issue coins aren't corporations? they are. Even bitcoin is based on a corporation

they aren't allowed to print their own money because it is the states sovereign right to issue money and money equivalents. and for gift cards and other corporate tokens there are regulations in place that not allow it to be used as money equivalent.

what's hard to understand about this? nobody wants corporate superstates and giant conglomerates with their own economy above state lines and jurisdictions.

by that logic all crypto should be banned. are you saying some pajeet scammer in his bedroom can issue all the shittokens he wants but a corporation shouldn't?

it's not the same a real crypto is not controlled by any entity it's equal opportunity thus does not enable anyone to lock in huge chunks of markets.
libra is not crypto technically it can look like one but it ain't it's a privately issued corporate digital currency. illiberal on all parts of the world pretty much.

*illegal

They're all "crypto" and it's all "printed money". You're fooling yourself if you think otherwise.

and thats the issue that more than half a dozen finance ministers from around the world have raised and also central bankers, its that FB is attempting to create a sovereign currency and essentially become a shadow bank without having any regulations that apply to actual banks. because of this, FB is being forced to register as a bank, and even that was stopped dead in its tracks by this new bill which will likely pass preventing FB from making Libra altogether.

so am I going to be able to make money off this

libra is just a stablecoin, like the rest of dozens other stablecoins that exist, so I don't get why you are so butthurt about it

>it's not the same a real crypto is not controlled by any entity
but they are. all crypto are issued by an entity and that entity usually controls a large portion of the supply, even bitcoin.

If its illegal for facebook to issue tokens then it will be illegal for the chainlink team to issue their tokens

nope you don't get it it does matter who issues it.
if it's a corporation that's completely different from a central bank or a state or a union of states. but again trustful permissioned systems are not real cryptos anyhow.

bitcoin is real crypto. it is not issued by any authority it is trustless permisionless and publicly auditable.

if facebook just wanted too integrate a digital currency into their platform they could have picked from a 100 stable coin. but that's not what they are after. and that is what the us has problems with also any sane person.

it's worse they not just become a wildcat bank they gain sovereignty that so far belongs to states and military powers only.

if they just need a stable coin they could have picked one. they needed one they control. to lock out competition and take a huge chunk off the retail market, banking and a lot more later.

ala wee chat.

so why there are hundreds of stabletokens? why isn't everyone just using tether? are you saying those hundreds of stabletokens are OK, but 1 more stabletoken is bad? what makes bitfinex different than facebook?

because they are almost all shit partly.
i only have a tiny respect for dai but without eth it's worthless and eth is shaky.
also tether is the same shit as libra the only thing that differs is the ambitions of the issuers. in facebooks hands tether would be a billion times more dangerous.

you hate facebook for doing something that others already been doing in cryptosphere for years, and why? because you just hate the guy in charge of facebook. Newsflash buddy, I can find you a hundred crypto leaders that are just as bad or even worse than Zucc.

If facebook gets banned from issuing libra then a lot of other projects will follow, almost all security tokens and stabletokens and privacy coins will be banned, probably resulting in a massive dump in the entire crypto market

>you hate facebook for doing something that others already been doing in cryptosphere for years, and why?
who said i like the others? i just never got freaked out by them because they are all retards and scammers.

>If facebook gets banned from issuing libra then a lot of other projects will follow
don't think so but i would celebrate a purge. we got too many shitcoins. the us can send the cease and desist letters right at bitcoin hq on never island.

did you watch this btw?
youtube.com/watch?v=7S6506vkth4
you should if you don't understand why nobody likes facebook doing this shit also read up on wee chat! zuck went to chine to check it out for himself. and he came back with a plan.

you think bitcoin is immune to this? if they wanted they could force all exchanges to delist it and ban all US citizens from purchasing it. They won't but they could

Whether you like it or not libra was good for crypto, it was the first mainstream adoption of crypto that would legitimize crypto as a market.

If crypto and blockchain is good technology then it is inevitable that all corporations will eventually adopt it. Imagine saying when the internet was first created that corporations shouldn't be allowed to have their own website but only pajeets neets in their bedroom can

the absolute state of your clinical retardation is so overwhelmingly disgusting i implore you to never use the internet again.

why would they ban bitcoin? it's nothing like these scams and corporate tokens.

>libra was good for crypto
hell no it was the road to hell paved with "good intentions" (at least on paper) libra is the compromise crypto must not take or it's no longer crypto.

kys retard kid
why would they ban libra then? I could say libra is less of a scam than the thousand pajeet tokens shilled here