Post
Topic
Board Altcoin Discussion
Re: Did Zuckerberg deserve this from Lawmakers and Financial Services Committee ?
by
nasipadang
on 30/10/2019, 03:43:02 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.
Blockchain technology development cannot be central, from what I know that the launch of Libra always has problems. From the press confrees Mark did last week, he was pressured by the launch of Libra and regulations from the US where there were so many flaws. From this I got the thought that satoshi remained anonymous because he did not want this technology to be in government regulation.
Saotshi's idea was quite simple, he wanted to create peer-to-peer transactions, where direct transactions between the two parties without intermediary institutions such as banks. Blockchain technologists also reach all transactions.