As I expected, Libra will be aligned with the coming strong dollar vortex to force adoption as all other currencies collapse:Facebook recently announced that their new cryptocurrency, the Libra, will be primarily backed by the dollar. Half of Libras reserves will be covered by the USD while the other 50% will include a basket of currencies including the yen, Singapore dollar, euro, and sterling. Notably omitted is the Chinese yuan, which many believe was a strategic move to allow the digital coin to operate more freely within the US. Libra is set to launch next year, despite some strong opposition.
Remember Libra will be controlled by the powers-that-be via the Libra Foundation which is a consortium of the major multinational banks and tech companies.
Dont forget that my thesis is the powers-that-be which created Bitcoin, will destroy the official Bitcoin Core (which is actually an impostor and not the real Bitcoin) at the halving in May 2020, to discredit decentralized cryptocurrency by blaming the miners for stealing the SegWit anyone can spend donations. Since the powers-that-be have surreptitious backdoors in all CPUs in all our computers (encryption is thus useless in many cases!), own the mass media, provided the funding for Blockstream (aka Core), created Bitcoin, and created Facebook via funding from the CIA, they are masterminding this dog & pony circus to fool the public as they erect the one world 666 currency with the medium-of-exchange to be Libra, and the unit-of-account to be eventually shifted (from primarily the U.S. dollar) to primarily the legacy (aka real) Bitcoin later perhaps ~2026 when theyre ready to devalue the U.S. dollar and complete their enslavement plan. The powers-that-be do not need to control Bitcoin as they will control the levers on the medium-of-exchange and the backings for it. Besides they likely also surreptitiously control the mining of Bitcoin since they can print fiat at-will.
For those not familiar with my entire thesis and the reasons for the coming strong dollar vortex visit my blogs and also my other threads on this forum.
The dark curtain of globalized human enslavement is descending upon us. The national security agencies and governments are criminal enterprises run by the powers-that-be who control this world from behind the curtain. Remember the Bible says in Romans that we get the government we deserve, and most all of us have forsaken the Lords warning in 1 Samuel 8 to not serve two masters. How can the people ask for a King (aka government) to rule over them and not expect to be enslaved by the Beast who these powers-that-be work for.
Tangentially I had warned Kik that the powers-that-be would destroy all ICOs and all attempts to compete at providing a global medium-of-exchange:
https://business.financialpost.com/technology/waterloo-based-kik-shuts-down-signature-app-lays-off-staff-amid-cryptocurrency-legal-battle
Here were some of my numerous warnings:https://bitcointalk.org/index.php?topic=2220350.msg22460420#msg22460420https://bitcointalk.org/index.php?topic=1218399.msg21461403#msg21461403https://bitcointalk.org/index.php?topic=1397810.msg14382356#msg14382356https://bitcointalk.org/index.php?topic=1802353.msg17978751#msg17978751The coming global monetary reset must be fiat not precious metals:There will NEVER be such a [global monetary] reset that returns to a gold standard. There is absolutely no likelihood of that happening, for it would mean that socialism has come to an end. There could be no unfunded promises, pensions, etc. It is just total nonsense.