This may be huge. The reason i am saying this is in the fine print. And it is a little difficult to explain as it all is outside our experience. First off, ignore that it has anything to do with Facebook. That is misleading. What is utterly critical is that all transactions, unlike the US Dollar, Bitcoin et al will be public information as at least completely traceable. this cannot be an oversight or anything like that. It tracks some of my own statements in the past in terms of economic reform.
A true economic reset will eliminate private financial secrecy and in the process completely maroon all of the globe's black money. Global seizure of such resources becomes easy and possession of assets must become transparent as well. If you are clean, you have little to sweat, but if you have accumulated money and assets that cannot properly be acknowledged then you are toast. There is never enough willing shills to front end legalization for even small time money.
My point is that secrecy will become impossible by the simple expedient of forcing all money to pass through Libra.
Welcome to Grand Theft USA were Uncle Sam clears the table of decades of illegal US dollar transactions..
Facebook's Libra Is Already Ahead Of Ethereum, Litecoin, And Ripple's XRP--But Not Bitcoin
Jul 21, 2019, 03:05am
Contributor Crypto & Blockchain
I write about how bitcoin, crypto and blockchain can change the world.
https://www.forbes.com/sites/billybambrough/2019/07/21/facebooks-libra-is-already-ahead-of-ethereum-litecoin-and-ripples-xrp-but-not-bitcoin
I write about how bitcoin, crypto and blockchain can change the world.
https://www.forbes.com/sites/billybambrough/2019/07/21/facebooks-libra-is-already-ahead-of-ethereum-litecoin-and-ripples-xrp-but-not-bitcoin
Bitcoin has been around for a little over a decade, while its biggest competitors ethereum, litecoin, and Ripple's XRP have been knocking around for between seven and four years—but all save bitcoin are already being eclipsed by Facebook's yet-to-launch libra cryptocurrency.
The bitcoin price has surged over recent months as interest surrounding social media giant Facebook's planned libra project reached fever-pitch but has swung wildly as global regulators poured cold water on Facebook's ambitions.
Now, a new survey has found there is "substantial" public interest in Facebook’s potential bitcoin rival, despite a lack of trust in the company, with people already more familiar with it than ethereum, litecoin and Ripple's XRP.
Bitcoin and Facebook's libra were given an awareness boost by U.S. president Donald Trump last week when he tweeted his opposition to both technologies but he may have inadvertently introduced the idea of bitcoin and cryptocurrencies to a whole new audience.
New
research, carried out by U.S. brokerage eToro, has found that while 58%
of the U.S. adults have heard of bitcoin, the first and
largest cryptocurrency, Facebook's libra is already known by 16% of
people—just a month after it was unveiled.
Ethereum,
the second-largest cryptocurrency, has achieved only 12% recognition
since it went live in July 2015 and it can be assumed that smaller
cryptocurrencies litecoin and Ripple's XRP are still less well known.
"We
believe that crypto and the blockchain technology that underpins it
will be essential to tomorrow’s economy," said Guy Hirsch, U.S. managing
director of eToro. "By introducing the concept to a new audience, libra
could play a vital role in the evolution of decentralized and more
democratized finance."
Meanwhile,
the survey suggests that people may not be willing to trust Facebook to
correctly manage payments, perhaps due to its on-going data-sharing
scandal.
A
little over half (54%) of respondents, out of some 600, expressed
doubts over Facebook’s management of their personal data but only 17%
indicated they would be willing to trust Facebook with their money the
same way they trust their banks.
A
little over half (54%) of respondents, out of some 600, expressed
doubts over Facebook’s management of their personal data but only 17%
indicated they would be willing to trust Facebook with their money the
same way they trust their banks.
A little over half (54%) of respondents, out of some 600, expressed doubts over Facebook’s management of their personal data but only 17% indicated they would be willing to trust Facebook with their money the same way they trust their banks.
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