Facebook's Libra is a bad thing that is doomed to failure, and here are more reasons why!

Facebook's Libra is a bad thing that is doomed to failure, and here are more reasons why!

By ArmFarm | Murchison Farm | 22 Jul 2019


Hello Everyone! I hope You are having a Blessed and Prosperous day!

So many people are mislead into thinking fbooks attempt, to enter the Crypto world, is a good thing or a good opportunity! I cannot help but continue to point out the error of this false logic! Here is some more important information you should be aware of!

 

1563524117 AnneMariePacittoJUL 19, 2019, 4:04:48 AM People jabber here about cryptocurrency. But did you SEE the press conference with Mnuchin on Monday. NO YOU DID NOT. You’re welcome. ‪Mnuchin: US has 'very serious concerns' that Facebook's Libra could be misused by terrorists

https://www.cnbc.com/2019/07/15/treasury-secretary-mnuchin-will-hold-a-news-conference-on-cryptocurrencies-at-2-pm-et.html?__source=sharebar|twitter&par=sharebar%E2%80%AC

 

Patpower 1543257942 ArkosDEC 19, 2018, 8:08:25 AM Internal documents show that Facebook gave Microsoft, Amazon, Spotify and others far greater access to people’s data than it has disclosed. Facebook let: 1. Netflix and Spotify to read your private messages. 2. Bing search engine to see your name without consent 3. Amazon to have your personal info

https://www.nytimes.com/2018/12/18/technology/facebook-privacy.html

 

Nouman khan 1550715875 Slashdot

  • verified_user

JUL 15, 2019, 11:33:32 AM US Lawmakers Consider Ban On Big Tech Companies Launching Cryptocurrencies https://news.slashdot.org/story/19/07/15/0019215/us-lawmakers-consider-ban-on-big-tech-companies-launching-cryptocurrencies PolygamousRanchKid quotes Reuters: A proposal to prevent big technology companies from functioning as financial institutions or issuing digital currencies has been circulated for discussion by the Democratic majority that leads the House Financial Services Committee, according to a copy of the draft legislation seen by Reuters. In a sign of widening scrutiny after Facebook Inc's (FB.O) proposed Libra digital coin aroused widespread objection, the bill proposes a fine of $1 million per day for violation of such rules.... Last week, U.S. President Donald Trump criticized Libra and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to U.S. and global regulations if they wanted to "become a bank." His comments came after Federal Reserve Chairman Jerome Powell told lawmakers that Facebook's plan to build a digital currency called Libra could not move forward unless it addressed concerns over privacy, money laundering, consumer protection and financial stability. The article concedes this proposal "would likely spark opposition" in the House and Senate, but adds that "Nevertheless, the draft proposal sends a strong message to large tech firms increasingly eyeing the financial services space." The draft legislation's title? The "Keep Big Tech Out Of Finance Act." #crypto #cryptocurrency #bitcoin #news #technology

 

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ArmFarm
ArmFarm

A Follower of Christ, Champion of Freedom and Human Rights


Murchison Farm
Murchison Farm

59+ years of life and more abundantly.

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