I think Washington's handling of the Iran situation is more important. The oil supply agreements with Iran and Saudi Arabia led to the US dollar taking over from Sterling after the Second World War. Russia seems to have taken over OPEC, and Venezuela and Iran are likely to side with China to allow the Renminbi to replace the Dollar. A government backed "crypto" is likely to be more popular than FaceBux, especially as Facebook seems to be on the skids at the moment, as a result of their censorship.
This is my opinion, and don't forget that I believe that Satoshi is/was a department in a central bank.
I kinda agree with your opinion esp. the tension between Iran/China-US tension in economy trade. And facebook plans to creat their own digital money and partnered with several huge companies such as Visa, Mastercard, Ebay, Uber and etc.
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Topic
BoardBitcoin Discussion
Topic OP
US Government vs. Facebook Libra
by
rhayot
on 08/07/2019, 15:11:20 UTC
Recently, the House of Representatives of United States of America-Committee on Financial Services sent a letter to Facebook founder, Mark Zuckerberg with regard to the proposed cryptocurrency namely as Libra and its proposed wallet, Calibra.
What do you think guys? Does Facebook proposed cryptocurrency really threatens the Government's monopoly on the money supply?
"Because Facebook is already in the hands of over a quarter of the world's population, it is imperative that Facebook and its partners immediately cease implementation plans until regulators and Congress have an opportunity to examine these issues and take action. During this moratorium, we intend to hold public hearings on the risks and benefits of cryptocurrency-based activities and explore legislative solutions. Failure to cease implementation before we can do so, risks a new Swiss-based financial system that is too big to fail."
Re: [BOUNTY]NewCash Exchange – FOR THE NEW GLOBAL ECONOMY 6,000,000 TOKENS REWARDS
by
rhayot
on 24/12/2018, 12:52:31 UTC
#Proof of Authentication Bitcointalk username: rhayot Your telegram username: @raycailo Which Campaign You Joined (?): Twitter, Facebook, Telegram, Video Campaign
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Topic
BoardBounties (Altcoins)
Re: 🔥🔥[BOUNTY] UZOMA - INNOVATIVE PLATFORM FOR TOURISM🔥🔥