Mark Zuckerberg, Financial Services Committee and Libra coin query analysis (2.Part)

You can see this article series, which will be published in 5 parts, in groups at the same time each day. You see the second part down there.
You can find the full video of the aforementioned committee inquiry here.
https://youtu.be/isTB1Bpl9SA

What Is Libra With Mark's Answers? What does it do? What is the purpose? - 2. Part

"How much of your Libran belongs to Facebook?” as. Anyway let's get back to the subject…

Mr. Huizenga said something very nice.…
"Facebook, Libra and all the crypts are tools. They are neutral vehicles. They can be used for good and bad.”

That's exactly it. Think about the knife in your kitchen. You can use this knife to cut fruit, but you can use it to stab someone in the same way. It's not your knife or do it here, it's yours. If your intentions are bad, you can use any bad purpose.

Mr. Scott says,
"Some of the companies that advertise on Facebook can discriminate in categories. For example, a real estate or mulk company can prevent its ads from appearing blackly. That way, some neighborhoods don't even have a chance to bring niggers.”

That's typical systematic American racism. They'd laugh in our faces. They'll take your money, but they don't want to live in the same neighborhood as you. They won't trust you. They're strange racists, but they do it so secretly that you can't even see it for a lot of time. Only when you compare yourself to white people do you begin to understand

Mr. Tipton says
“How are you going to keep this information safe after you have taken all the financial and economic information of so many people with such a big project? There's been a time when you haven't been able to secure private and confidential information. Now, how are you going to keep all this economic information confidential and secure?

Mark responds
“This information will not be held in the same place as other information. He'll be held in a different place. Other information is kept safe. This one will be kept safe.”

Ha, that's okay then. If Mark says it's safe, it's safe. Spread out, gentlemen. What happens if they're held in the same place? That's what matters to us, whether it's safe or not, and nobody believes your word anymore. That's for sure. It's still safe. he says don't worry about it. He's making a fool out of us by looking into our eyes.

Mr. Himes says,
"The Libra will be kept in the Co-Libran. Just like the dollar in the bank, right?”

Mark responds,
“You could say that. But we're not trying to get a certificate in banking.”

Mr. Himes also responds…
“It's already there in question. You plan to do the same thing with the bank, but you don't want to be treated like them. Me figure it out so I'm trying to do exactly what you're doing and you're trying to do you see?”

Of course he won't want the certificate to be a bank. Because to be a bank, you have to fulfill a thousand conditions and be audited like crazy. However, without dealing with them, the bank can easily eat the fruit of this business. Officially, yes, we're going to be a bank, but he says We don't need any papers. Even Committee members said, " What are you trying to do, man? Are you crazy? officially says

Mr. Foster says
“Is it possible to transfer from Libra without giving personal information? so is it possible to send money in secret and keep the sender or the buyer secret? Another question is, Is it possible to recover or withdraw the amount sent? For example, $ 3 million was sent as a ransom to someone. Is it possible to get this money back from that person? For example, Bitcoinci are very happy about this right now. If you put a gun to his head, you still can't get his bitcoins. I don't think people want to live in a system like this.”

Mark replies;
“We have not discussed and decided these conditions much longer. But we intend to be like any other payment system. We'll be what they do on credit cards.”

That's the question, and that answer is enough for you already... which I say think the same answer in Ripple. He's basically saying that whatever the banks are doing, whatever the credit cards are doing, we're going to do the same thing. We're going to be a centered, bank-like system. Facebook will have everyone's money. He says We have nothing to do with systems like Bitcoin. Now you tell me, people say, " do they need another new bank?“or " Bitcoin?”

1 of this series of writings.To read the piece

https://www.publish0x.com/kriptosedat/mark-zuckerberg-financial-services-committee-and-libra-coin-xjqxpp