Post
Topic
Board Altcoin Discussion
Re: US senators wants to know why Facebook wants crypto
by
BlueStackz
on 14/05/2019, 07:48:20 UTC
The US Senate banking committee wrote a letter to facebook questioning about the nature and legality of it's cryptocurrency project code named Libra.
https://www.banking.senate.gov/imo/media/doc/5.9.19%20Facebook%20Letter.pdf

They essentially asked whether it would enable users to have privacy and would make it harder for the government to monitor every personal and financial moves of people in the US and around the world.
LOL, finally government has fully opened up to why they are skeptical about the adoption of cryptocurrency. This has always been their fear; they don’t want to lose the control they have over the finance of their citizens. Government are really selfish, and for those who has been asking why satoshi is not showing his face, do we now have a clue to why life might be difficult for him if his identity his to be known.

Well, I don’t expect Facebook to tell them yes, and at the same time, Mark too will not do anything that will make him have issues with government, that is why I don’t believe that Facebook involvement in cryptocurrency will fully be a decentralized one.