Post
Topic
Board Altcoin Discussion
Re: Did Zuckerberg deserve this from Lawmakers and Financial Services Committee ?
by
Darker45
on 30/10/2019, 03:08:04 UTC
So I was wandering around on youtube and I came across this video( https://www.youtube.com/watch?v=Lw7M7QamQgI ). I realized that the ideas behind the creation of Libra Coin by Zuckerberg are very similar to that of Bitcoin, which I felt that he is just being smart to launch a crypto coin like Bitcoin.  But do you guys think He needs the approval from these people before launching the Libra Coin? Personally, I don't think these people understood what he is trying to develop. This video really explains why Satoshi decided to remain anonymous. Satoshi knew that these people will never understand his ideas and contradict the development of Bitcoin.

The main problem here is that the Libra Project is owned and controlled by certain people. Bitcoin is not. Had Bitcoin been owned and controlled by a Satoshi Nakamoto that has a physical body, know and seen by people, with an identity that is transparent to the authorities, he would have also been invited countless of times to futile hearings and investigations. But he is not and since Bitcoin is open-source, it cannot be killed even if they find Satoshi.

Please do not say that Libra is similar to Bitcoin because it clearly is not in more ways than one.