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.
Facebook is going to fuck us all
>“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
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