Quote from: CoinsOrDie on July 18, 2019, 08:23:47 PM

Quote from: glennmatthew on June 27, 2019, 09:41:02 PM

Is Libra the first step for Facebook to take control of the world?

Lets think about the facts:
- Facebook has 1/3 of the world as its user base (2.4 billion users)
- Libra coin will be very easily accessible to all of facebooks users
- Libra coin will be a stable coin, price will not fluctuate providing users in 3rd world countries with a medium to store their wealth.

There are already countries (like venezuela) where a national financial crisis caused fiat money to lose all worth. In desperation people are moving their life savings to bitcoin... Considering that bitcoin is a hard resource for the average person to use, imagine how quick adoption of Libra will be. Libra will be available to use on every cheap smartphone. Developed by Facebook it is sure to be a very user friendly experience, everyone will be able to use Libra. People will use it like real money in every possible way through things like facebook messenger, online shops, international transfers, peer to peer transfers...

Facebook has penetrated our lives in almost all possible ways; relationships, news, entertainment, social gatherings, advertising... the list goes on. The only thing facebook still doesn't have control over is our money. Here comes Libra...

The snowball is rolling, it can not be stopped.

Imagine the world in 20, maybe 50 years.

With the addition of Libra, and a very smart plan for user adoption Facebook can rise to a position of such great power, that it will be in control of the whole world.

There are really no two ways about it but to stop Libra coin from launching else with the assets at the disposal of Facebook which includes a massive trustful community, its only but time before Facebook users commence full banking activities on the Libra blockchain.

But what can be done to stop it? There is so much money being pumped into this development, and so many partnerships...

I think even the US government is pretty much powerless.

Quote from: alexcopper on July 18, 2019, 08:26:41 PM

man I just had this conversation with friends the other day. at least there are crypto OGs like David Chaum who have been saying it all along and still in it for the fight

Great friends you got, I tried to bring this up too buy my friends were not so interested haha