It's absurd that we're even entertaining Facebook's Libra currency idea

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

United States Headlines News

United States Latest News,United States Headlines

It's ridiculous that we're even entertaining Facebook's Libra currency idea

No, Facebook should not be allowed to have its own currency. The company can't be trusted with the power it has, no sane regulator should give it more. As one Senator said, Facebook has allowed"flagrant displays of bull----' on its platform — how can we trust that it will not allow 'flagrant displays of bull----' in its financial transactions? Visit Business Insider's homepage for more stories.

No, Facebook should not be allowed to have its own currency. The company can't be trusted with the power it has, no sane regulator should give it more. As one Senator said, Facebook has allowed"flagrant displays of bull----' on its platform — how can we trust that it will not allow 'flagrant displays of bull----' in its financial transactions? Visit Business Insider's homepage for more stories.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ABSOLUT TRUTH

Who trusts juvenile Zuckerberg or his sidekick Sandburg? 🚫

Stopped using Facebook years ago. So did fam n friends. They lock u out n ask to send FB multiple selfies if you don’t post enough pics to “verify” ur acct. meanwhile I’ve never posted a selfie so how would they verify it’s me? Privacy takeover. NO GRACIAS SEÑOR

They can't control crypto currency at large, and now that a social media platform wants in on it, suddenly it's become an issue? Pfffffft.

Since I found out a Koch owned fact checking firm had been hired by FB I have nothing for the platform. It's been corrupted and their is no redemption for them. It's sad and all those user's info is corrupted as far as I am concerned. It has the stinch of Koch on it. Deadly combo

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Facebook vows Libra currency will wait for approval as U.S. airs worriesFacebook Inc said on Monday it would not proceed with the launch of its Libra cr... No. Fuck that. No private currency. banlibra banfacebook. closed here no justice They arent getting it from the US.
Source: Reuters - 🏆 2. / 97 Read more »

Dimon plays down Facebook's crypto: 'We're going to be talking about Libra three years from now'Dimon is making his own bet on a digital coin that could transform the global payments landscape: JPM Coin. Clown ! 'JPM Coin' = directly convertible into cocaine!🤣😉
Source: CNBC - 🏆 12. / 72 Read more »

Facebook's real goal with Libra is to become even more of a utilityDavid Marcus, the head of Facebook's digital currency project, said the company expects Libra will drive more advertising revenue for the company. When libra comes out it will make Bitcoin as obsolete as Sega Genesis! All sorts of politicians of ALL stripes hate Libra. Sounds like Libra's a REALLY good idea. The more they hate, the better Libra sounds. Who else is taking the LIBRA salary pledge?
Source: CNBC - 🏆 12. / 72 Read more »

Senate to grill Facebook over plans for Libra cryptocurrencyU.S. lawmakers from both sides of the aisle are set to grill Facebook Inc on its... libra is not a cryptocurency!!! So they want the crypto to be controlled like money. Thankfully the crypto market is big and these crooks won’t be able to control it. cryptocurrency Are we talking about the same Senate that doesn’t even know how to use Facebook
Source: Reuters - 🏆 2. / 97 Read more »

Watch Facebook's crypto chief testify before the Senate banking committee on LibraThe head of Facebook's cryptocurrency projects David Marcus testifies before the Senate Committee on Banking, Housing and Urban Affairs. I can tell how he's talking with his hands he's going to kill the Bitcoin rally faster than Trump did. It's a payment network, a digital asset to use the network. That simple. Guarantee he overcomplicates it and crypto markets dive today.
Source: CNBC - 🏆 12. / 72 Read more »

Facebook blockchain boss David Marcus says Libra won't launch until it has 'fully addressed regulatory concerns'Facebook exec David Marcus testifies before a US Senate committee on Tuesday about the company's ambitious digital currency plan.
Source: BusinessInsider - 🏆 729. / 51 Read more »