Facebook is going to fuck us all

I for one did and it sounds pretty shot to me and I imagine anyone who owns any older cryptos (because competition) and also y'know.. literally anyone sane. Zuckerberg. With all of the data. And now all of the money. Nothing could possibly go wrong.

>I for one did
why are you lying?
you obviously didn't.

It doesnt really matter what the whitepaper says desu, if its ultimately the brainchild of facebook

Imagine being a Jew. Imagine having your dick mutilated right after you've finally calmed down from the whole traumatic experience of birthing. Imagine a 50/50 chance the guy who mutilated you will immediately suck on your dick and taste your blood. Imagine being ugly, with an overbearing mother who coddles you to the point of making you neurotic, and a religion that says you are Chosen and better than everybody else. Better than the handsome athletic smart goyim, better than the pretty goyim girls that ignore and reject you. Imagine that insecurity and the manic emotions in response. Imagine that inferiority/superiority cognitive dissonance branded into your mind. Imagine being conditioned from birth to be a paranoid malignant narcissist. Imagine the passive aggressive hatred for the society around you. Imagine the joy you feel as your network of Chosen People elevate you to the heights of your career. Imagine the exhilaration as your network picks a goyim to destroy, and the feeling of triumph and community as you all profit from your successful hunt. Imagine that predation ever-expanding to encompass all that makes you feel inferior, and consuming the flesh to feed your feelings of superiority. Just as your flesh was torn from you as a baby, just as you were violated by a freak's mouth with your mother's betrayal, just as your blood was feasted upon. And so you do unto others as was done to you. Imagine being a Jew.

Libra will be good for us. It will bring crypto to the cattle we need to pump our bags, it will probably incentivise its use via discounts between the 100 corporations, and it will probably surpass the USD in value once it gains traction. If Libra becomes and option in the US, I will exclusively hold my cash in it.

>it doesnt matter how it works what matters is what I think how it works

I for one welcome our new Jewish masters

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>I read the white paper so I know how it works more than you
>appealing to authority this hard
>thinking it's actually open sourced when facebook has secret agents working in it
>facebook doesnt do anything with my data
>using their funbucks to buy things is any differemt then just buying gems for your phonegame app
Sheep on bro

He thinks Google and Facebook don’t spy on him. He thinks Zuckerberg should hold all our money. You will never reach anyone this stupid

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You are absolutely insane if you would spend money on Facebook. You are mentally retarded Iif you would give him all your money

>I read the white paper so I know how it works more than you
why dont you read it?

>thinking it's actually open sourced when facebook has secret agents working in it
"secret agents" lmao
what are you smoking?

>facebook doesnt do anything with my data
why is that a problem? you already trust all of them anyway and all they really do is create a new way to send money. its a good thing overall.

>using their funbucks to buy things is any differemt then just buying gems for your phonegame app
It is because it brings financial services to billions of people.
I urge you to read the whitepaper to understand how it works and what the plan actually is.

Central Bank of Zucc still unironically sounds better than the current central banks of America and Europe, fuck the state

>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.
>We hope to have approximately 100 members of the Libra Association by the target launch in the first half
of 2020.

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I’m telling you it’s a bad idea. Zuckerberg is under a MASSIVE antitrust lawsuit. His first thought was to open up a bank and create his own currency. If you don’t see the writing on the wall, it’s not my problem. The US will never allow such a retarded move.

Not buying FB retard, you haven't even looked at Libra if this is how you think. you're acting like a liberal woman, no logic, it's bad cause my feefees

can't ban Reserve and that's why it will be a pump that will turn poorfags to millionaires

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>I’m telling you it’s a bad idea.
its not

>Zuckerberg is under a MASSIVE antitrust lawsuit.
read my post here again Zucc doesnt have any more rights than any of the involved companies.

>The US will never allow such a retarded move.
yes they will, they also allowed Tether and other Stablecoins.
this is no different than that but actually more useful.

its FUD or its brainlets who didn't read the whitepaper.

>DOJ announces a massive antitrust lawsuit against Google and Facebook
>Zuckerberg’s first reaction is to open up a fucking bank
You think this pig is going to fly? You’re going to lose big on this one

Yeah. You are literally retarded. Trump can unilaterally ban Libra with the stroke of his pen. You aren’t even addressing the antitrust lawsuits and Zuccs legal troubles.

>open up a fucking bank
its not a bank.

please read the whitepaper. you obviously dont know much about Libra or how it works.

Please address the massive antitrust lawsuit he’s facing. You Think this isn’t seen as him “Creating his own currency” that undermines the US dollar? Ok.

>“Creating his own currency”
thats literally not what is happening.
why dont you just read the whitepaper?

ITS A STABLE COIN. I don’t need to read the white paper. You are not arguing in good faith. You are purposely ignoring everything I’m saying. You are literally paid to push this

here I even picked a nice quote out for you

>it will be backed by a collection of low-volatility assets, such as bank deposits and short term government securities in currencies from stable and reputable central banks.

>ITS A STABLE COIN
yes exactly and that is something different than "opening up a bank".
go read the whitepaper

Thanks for ignoring my point about ANTITRUST

The sitting President of the US thinks Facebook is trying to become a bank.

Also, you don’t need to read the white paper of any stable coin. The whole point is to hold your money AND BECOME A BANK

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it's literally a bank dude, they take your dollars and give you an iou token to spend
meanwhile what are they doing with your dollars?
what do banks do with your dollars? let them sit doing nothing? ofc not they use them to make more money...
>banking the unbanked
they are trying to get these peoples money..
and lets not forget data, they say they won't use or monitor it, but their proven track record of and spying and selling to literally anyone says otherwise

They guy is literally a shill. You won’t get him to address any points with you besides: “have you read the white paper?”

>The sitting President of the US thinks Facebook is trying to become a bank.
he is a retard what else is new?
Libra isn't a Bank and Facebook isn't opening one, go read the whitepaper. maybe you shouldn't get your news from a 80yo boomer on twatter.

>Also, you don’t need to read
yes you need to read, thats important to participate in the discussion here.

>The whole point is to hold your money AND BECOME A BANK
They don't hold your money and they are not a Bank.

>it's literally a bank
Its literally not. look up the definition of a Bank and then go read the Libra Whitepaper.

>they are trying to get these peoples money..
yes of course, they want to give people access to money so they can have more customers. the people also get something in return for this. Its overall a good thing and in accordance with the UN 2030 Agenda.

>they say they won't use or monitor it
It will be fully compliant with KYC/AML which is necessary, of course payments will be monitored.

why dont you read it?
why are you so obsessed with shilling against it and going so far that you invent lies?
I can understand not liking facebook but Libra is actually a good move from them.

well it is in the whitepaper, pay more attention
>It is backed by a reserve of assets designed to give it intrinsic value
they want your money and will invest it just like a bank does but YOU don't get interest THEY DO

Yes. Just give them large amounts of money cash so they can hold it for you in an account. We won’t call this a bank. They aren’t even offering you a return on your investment. It’s literally a bank. They are providing banking services so you can transfer money by paying them a fee.

Not to mention they will charge users a fee to send money or purchase libra. The FED will never allow it and neither will Trump. Probably one of the few times the FED will be right

Lmao RSR is already dead.

aye they probably just need to wait for the next democrat to come in though

Not even sure the DNC would allow it honestly. It takes all banking decisions away from DC and the FED.

>Libra is actually a good move from them.
good in the sense of successful, sure. but I have no illusions on what this will become when it takes off. countries are banning it because they know the score. people are going to enjoy a digital currency with likely non-existent fees, instantaneous transfers, company discounts for use, and I can almost guarantee you part of the plan is to break from traditional fiat and increase it's value relative to USD + EURO. central banks are rightfully terrified at the prospect of a corporate dollar because they know that it will be successful. The corporations want their own exchange of value, and compared to the government, the only disadvantage corporations have is a lack of private military.

I however welcome our future corporate dystopia. The fact that we're already in crypto means we're well ahead of the shitstorm that's about to blow in; the chaos that Libra will bring is the ladder we need to get ahead of the curve. Plus I'm already in a fortune 500, might as well join their government too.

Hell, a corporate ran government might actually get something done every once in a while.

of course they make profit, but they earned it.
nothing bad about this.

>YOU don't get interest THEY DO
you get many other advantages for using their system.

>Just give them large amounts of money cash
why would you do that?
are you retarded?
who forces you to convert all your Money into Libra? ever heard of diversification?

>so they can hold it for you in an account
thats not how it works.

>We won’t call this a bank
it isn't, go look up the definition of what a bank is

>They are providing banking services
Libra yes, but as a company Facebook no.

>the chaos that Libra will bring
what chaos? It actually brings more order into the current Mess.
The days of Fiat money are numbered and Libra is currently the best technological approach.

Libra will never happen. Reserve will become the world’s digital reserve currency.

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>literal whos are going to beat 100 megacorporations in the same game
lol

>what chaos? It actually brings more order into the current Mess.
if you think the fed is going to go down without a fight you are delusional. if it's a fight, the fed will go down striking in all directions (and they'll probably win). if they cooperate and adopt Libra, then it's a slow death until corporations rule every aspect of government.

>they earned it
How pathetic. Literally earned nothing other than monetizing your dumb ass. Why not just use zelle or something to buy the crap you see in facebook ads you ansolute NPC (or shill)
>muh banking the unbanked though!!1
Sage

you forgot about satoshi though
he's gonna stiff the zuck

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I thought the whole point of crypto was that it was supposed to be decentralized? The only way I can rationalize all these companies being into crypto is if they get to charge a bunch of fees to make transactions with their coins and they can somehow restrict you from doing certain things with it. The rise of crypto is by it's nature going to hurt the business of some of these companies like the credit card ones. This whole thing stinks.

I don’t think either the Republicans or the Democrats are dumb enough to give away most of thier power. There is ZERO chance that the FED will allow it. As corrupt as Congress is, they aren’t dumb enough to give away all thier power

Ok let’s talk about this part:

“An additional goal of the association is to develop and promote an open identity standard. We believe that decentralized and portable digital identity is a prerequisite to financial inclusion and competition.”

How does this not sound like plans for more intrusive KYC measures?

Or that your digital identity will now accompany more all inclusive personal data than any sovereign nation has on anyone as they build a legit traditional identity?

Connect it all together... you gave Zuck all your data, you’ll give him all your money, then he’ll sell your info to companies that will transact in Libra. Oh and they know exactly how to you and the people you’re connected with on FB...

World domination for real

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most of the dems and reps are already in corporate pockets. i think they can be bribed into allowing Libra through. probably heavily regulated at first, but big tech and big finance are clever. In a war of attrition I'd bet on big tech/finance over the fed at this point.

>until corporations rule every aspect of government.
they already do that.

>the fed is going to go down
Its not going down.

they earned it by being the first movers in this new paradigm shift.

>muh banking the unbanked though!!1
which is a good thing, why are you trying to play down the importance of this?

that guy literally has no idea what Libra is, another brainlet that cant read the whitepaper.

>I thought the whole point of crypto was that it was supposed to be decentralized?
It is decentralized. Not as decentralized as Bitcoin but its decentralized enough that no single party can fuck everyone else over.

>The only way I can rationalize all these companies being into crypto is if they get to charge a bunch of fees to make transactions with their coins and they can somehow restrict you from doing certain things with it.
Their main goal is to get the billions of people who have a smartphone but no bankaccount these basic financial services. If they make those available they gain a lot of new customers which will be good for the entire ecosystem.

they won't be around for long user, the world has spent forever banning them and it's about to happen again. the net has made a shitload of people aware of the reasons some people don't like jews. they're finished. so are the rest of us incidentally, but they're sure to go first.

Libra is a Jew false flag with the intended purpose not to become a world wide currency but to trick goyim into accepting more crypto regulations.

Shits painfully obvious but most people are too low IQ to see reality for what it is

based Jew imaginer

they could have done that without Libra simply by blaming Bitcoin. you are right tho that it is all staged, especially the outrage about it.
how the media pushes it is just too obvious. something is going on.

The fact that brainlets like you don't see anonymity as an advantage when it comes to creating a decentralized world stablecoin makes me more confident in my assessment.

Why would you want the attention of every government entity when trying to create a currency that has the potential to subvert said governments? It's good that Reserve is so obscure because they will fly under the radar while governments focus on corporate projects like Libra. Reserve will slip in undetected and start creating a robust decentralized network before there's a chance for governments to ban them.

So many signs pointing to Reserve becoming one of the biggest players in the game but you mongoloids are too busy fudding and fapping to anime porn to take notice.

The FED doesn’t share power

Buy signal right there.

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Reserve is gonna come out of nowhere like an invisible man ejaculating...

Unironically a digital revolution

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Libra is still nominated in dollars
It is just basically facebook tokens used to pay facebook VIP club membership access

I'M COOOMIIIINNNNG

Yeah, it’s just money. No one ever gets corrupted by too much money or power and influence

Especially not the Jews

After moving away from the gold standard money (specifically fiat) only has the value we give it. Once zero interest rates fail to continue propping up the dollar we will move into negative interest rates. After that we either go to war or deal with another economic crisis akin to the great depression.

The President of the Bank of England has already alluded to this by calling out the dollar's dominance as a bad thing and explicitly talking about a "stablecoin like Libra". Obviously Libra will fail based on everything that you and other user's have said here, but that doesn't mean that the FED will win out in the end either. The FED is already experimenting with crypto, but it's only going to give them faster payments (whoopty doo), and they are ignoring the true value of crypto which is decentralization. Faceburger is making the same mistake with Libra.

Sure, other stablecoin options already exist, but they also can't scale the way Reserve can or they're too centralized. Reserve checks all the boxes.

Reserve will become the go-to stablecoin of 2020 as a hedge against hyper inflation. It will also become a prominent stablecoin for traders once Tether gets fully JUSTED legally and burgers are limited to USDC/DAI and RSV. The U.S is getting ready to fully regulate crypto which is why you're seeing all these exchanges playing ball now. RSV is the future boys, don't say we didn't warn you.

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I'll just leave this here.

cnbc.com/2019/09/09/real-us-debt-levels-could-be-a-shocking-2000percent-of-gdp-report-suggests.html

>fuck the state
brainlet, the central banks are not run by the state, they are privately owned by jews

doubt. The moment libra was first announced, bitcoin soared to today's value after being around 2.5k for a long while.

>shilling this hard

jesus. Implying facebook is not part of the state. state and corporations are no longer divisible in the current year

Whitepaper doesn't fucking matter. In the end they will suck up to all the regulations imposed on them, they will change any feature that right now is not in line with lawmakers and they will like it anyway because who cares when you already have a base of hundreds of millions of customers and you just need the green light to flip the switch and datamine the shit out of them. Why does this even need blockchain? It's a centralized cartel, a 10 million dollar club of big companies and Facebook is leading anyway. It's not trustless, it's not censorship proof or even open. It's not going to be trustless because there will be fraud protection and ID requirements. For fuck sake the bank the unbanked and all the nice shit is all just a distraction to their real busines model.

based and true

Someone has read Portnoy's Complaint

facebook can inject subliminal brainwashing and prompts into targeted groups very easily. is that yellow vests thing still going on?

BTC is , but we're talking bitcoin which ticker is BSV.
Now step aside and let the grownups talk while you play in the sandbox.

user you're not going to get rich investing in the post-VC wave ICO/STO, and even if you had a chance, shilling on Jow Forums would have absolutely zero effort. WTF are you doing? reconsider the life choices which led you to post itt, even pajeets shilling their low mc shitcoins are behaving more rationally as it's more credible to move something that small

wew lad

>ECB cut rates even more negative and announced infinity money printing forever
>Thinking another PnD scam is the issue

It seriously wont be long before the EU outlaws physical cash for their own bitbeans. Why would they let someone else muscle in on their sinking ship?

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