Mark Zuckerberg, Financial Services Committee and Libra coin query analysis (1.Part)
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Starting today, I will add a new section of this article series at the same time as 5 parts. You see the first part down there.
You can find the full video of the aforementioned committee inquiry here.
What Is Libra With Mark's Answers? What does it do? What is the purpose? - 1. Part
Mark Zuckerberg's sweaty moments
During this 6-Hour Committee inquiry, Facebook had to respond to each senator's question and listen to their comments. The questions were directed specifically at Libra and Colibra. Mark Zuckerberg sweated for 6 hours in front of the Financial Services Committee and had a lot of shame. I watched the entire 6-hour interview and tried to compile the notes I received below for you.
There are many, many lessons to be learned from this interview. The CEO of one of the largest companies in the world, how to put the United States in the face of the government, how el pence stands on the couch shows very nicely. Why should you believe in Bitcoin? Why Libra, such as centered and very wrong principles based on products should stay away from this article describes very nice.
Translation may be missing or wrong. I've usually already added my own comments after what's been said. If he has any questions, don't hesitate. I'll try to be as helpful as I can.
Ms. Waters says Chairwoman
"Facebook's Libra is a potential economic force that could push the dollar”
Mark says
"For many people, I'm not the one who should be leading this Libra project. Facebook has had many problems and problems before, so many people think I'm the wrong person with this libra. I don't know if Libra will work. I don't know if it's gonna work out, but I want to try. I want people to freely keep their information in their control, and I advocate it. “
He does, but he wants to keep all the information on facebook. People are free on Facebook. He wants to be free to control Facebook.
Ms. Waters says
"Facebook banned all crypto ads on its platform 2 years ago. All blockchain and crypto ads were removed from facebook. But 1 year later, this advertising law was removed and Facebook decided to make its own crypto. When you get to work, you make the rules according to your head, and you break the rules. According to your personal interests, you're being 2 hundred.”
Even Mark thinks that the traditional banking systems in America are inadequate and wrong. So he wants to bring a free ale to this system with Libra
The funniest thing is, when you're centered like this, before you get out of the coin, you'll answer before you go. You want permission. You do what they say. Your knees are in the hands of the states and other companies. They haven't even found Satoshi yet.
Libra won't be presenting the secret cause. It's essential for America to approve this job. They need to know very well who has how much, and Facebook will obey them on this
Mark says, " Libra is a big risky project.“
Ms. Velazquez says
"WhatsApp in the EU will not be affiliated with Facebook. You said there'd be no strings attached. But 18 months later, when the bond was established and you started working together, the EU punished you. I hope you realize how bad and wrong it is to lie.“
And Mr. Sherman Ran Over Mark.
“Thanks to the dollar's power now, Americans can live so comfortably and safely. Turkey has entered Syria completely and it is not our American soldier who removed it from there. Econnomics, on the dollar. With the power of a dollar, we can get countries to do things without even applying to the military. You're thinking of creating a robbery vehicle. You and your partners are gonna use this to pull off a robbery. Call it Libra (or Colibra) or whatever you want. Everyone knows you're the only one behind this. That's why I call it Zuck Buck. You're saying that this coin will serve the poor and those who cannot afford bank services. Until now, you haven't done anything about the poor or these people. How come now that the crypts appear, you're suddenly helpful?”
