Maxine Waters Is Right About One Thing For The First Time And Conservatives Must Get Behind Her Idea
Maxine Whats is no doubt the most viral vermin ever to hold office in the US but she hit the nail on the head with this one. Facebook is coming out with a centralized crypto-currency and the likes of it sounds just as prophecy warns about.
"And no one could buy or sell anything without the mark, which was either the name of the beast or the number representing his name. His number is 666."
The future is approaching faster than you realize. Tim Pool warns against the dangers of this kind of control in detail. We must not let it take control. We must take down Facebook. More details below. Notice how this article is impossible to share to Facebook. See Video below"
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(Bloomberg) -- Facebook Inc. unveiled plans for a new cryptocurrency called Libra this week. When it launches in 2020 or later, it will be a stablecoin–a digital currency that doesn’t fluctuate much because it’s supported by established government-backed currencies and securities.
The world’s largest social media company published a 12-page white paper on Libra and has more than 20 partners for the project. But there are still many questions. After a week of analysis, here’s what Bloomberg reporters and editors know about Libra, along with key unknowns that remain:
Joe Weisenthal, executive editor: digital news at Bloomberg:
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For sure: Libra is being touted as a cryptocurrency, so it’s natural to use existing cryptocurrencies like Bitcoin and Ethereum as mental models for what it could be. But it’s probably better to think instead about traditional peer-to-peer payment networks. Whether you’re talking about PayPal, Venmo, Square, WeChat, or even Western Union, all of these networks are in some way layered on top of the traditional financial system in order to ease some type of transaction (e-commerce, check-splitting, remittances). The problem is that these networks aren’t interoperable, and in many cases the fees can be quite high. Like all these other networks, Libra will be layered on top of the existing financial system, since each coin will be backed by traditional money in the bank to support a stable price. Unlike these other networks, however, there is an opportunity to create payments unification on a global scale, and at potentially a much lower cost. And in theory, anyone will one be able to build payment applications on top of Libra. Some might focus on friends splitting the cost of dinner. Others might be focused on remittance payments to developing markets. In the most extremely successful version of Libra, it’s not so much a cryptocurrency, but a global operating system for moving fiat money around. Read more.
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About the Author: Nicholas AKA Wise Young Man has been a political social media guru since 2015. Since then he has accumulated over 2 million followers. He has established a unique internet niche by utilizing the heated political climate to get the truth out to his loyal followers, a harsh reality check for Communists around the world. Nicholas's comments on news articles reach roughly 10 million Americans a week. Read more about the author.
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