June 23, 2019
Facebook Launches Own Currency; the Beast comes to the Internet
Timothy Birdnow
Facebook has the GDP of many nations on Earth, so now they are launching their own currency. Apparently they want to be fully independent of any nation.
From theNBC News article:
The new currency will be called Libra, after the Roman deity for scales and measures.
Considering how lax Facebook has been in matters of privacy, and how Facebook has shamelessly sold user information, one wonders about who exactly would buy this crypto-currency; you would basically be giving your financial information to a predatory entity. But people are stupid that way, and would no doubt embrace the convenience and ignore the danger.
Facebook ahs become way, way too big.
I find it strange that the Progressives, who claim capitalism is the problem in society and that we need strict controls over big corporations, are happy with Zuckerberg and Facebook having so much power. If the Left really was concerned about the little guy being steamrolled by a mammoth corporation, wouldn't they worry abot Facebook? Amazon? Twitter? Nah...these guys are on the "right side" as they see it.
There are over 2.38 billion users of Facebook worldwide. That's more than there are Christians worldwide (2.19 billion) and a full billion more Facebook users than Muslims (1.8 billion). And Facebook users appear more devout than, well, a majority of Christians, at the very least. The raw power of this platform is quite frightening. It reminds me of The Book of Revelation "who is like unto the Beast, and who can make war with It?" Also, the name is reminiscent of Revelation; Libra, the balance, reminds me of the rider of the black horse.
Think that's over the top? Remember the beasts of Daniel; the fourth is not like any creature, but is something new. Makes me think of Facebook, a beast unlike any we have ever seen.
How long before this type of international crypto-currency becomes a mandatory thing? How long before you can neither buy nor sell without it? And how long before you have to have a chip to prove you are who you say in order to use it?
Facebook has become too powerful to rein in at this point. I doubt the U.S. can do anything about it at this point.
Facebook has the GDP of many nations on Earth, so now they are launching their own currency. Apparently they want to be fully independent of any nation.
From theNBC News article:
The social networking company on Tuesday said it plans to help launch a digital currency in 2020, marking one of the company's most aggressive moves yet to push beyond digital advertising.
A new nonprofit group based in Geneva, the Libra Association, will oversee the currency, called "Libra." It will initially be backed by Facebook's expertise but governed by 28 founding partners including payment firms Visa and Mastercard and internet companies eBay, Spotify and Uber.
Facebook said that it wants the currency to be available starting the first half of next year and that it believes many of the 2 billion people who are already on the company's services will one day regularly use the new currency to buy things or send money internationally.
"The motivation for this is to effectively enable a simple global currency and financial infrastructure that empowers billions of people," Dante Disparte, head of policy and communications for the Libra Association, told NBC News.
A new nonprofit group based in Geneva, the Libra Association, will oversee the currency, called "Libra." It will initially be backed by Facebook's expertise but governed by 28 founding partners including payment firms Visa and Mastercard and internet companies eBay, Spotify and Uber.
Facebook said that it wants the currency to be available starting the first half of next year and that it believes many of the 2 billion people who are already on the company's services will one day regularly use the new currency to buy things or send money internationally.
"The motivation for this is to effectively enable a simple global currency and financial infrastructure that empowers billions of people," Dante Disparte, head of policy and communications for the Libra Association, told NBC News.
The new currency will be called Libra, after the Roman deity for scales and measures.
Considering how lax Facebook has been in matters of privacy, and how Facebook has shamelessly sold user information, one wonders about who exactly would buy this crypto-currency; you would basically be giving your financial information to a predatory entity. But people are stupid that way, and would no doubt embrace the convenience and ignore the danger.
Facebook ahs become way, way too big.
I find it strange that the Progressives, who claim capitalism is the problem in society and that we need strict controls over big corporations, are happy with Zuckerberg and Facebook having so much power. If the Left really was concerned about the little guy being steamrolled by a mammoth corporation, wouldn't they worry abot Facebook? Amazon? Twitter? Nah...these guys are on the "right side" as they see it.
There are over 2.38 billion users of Facebook worldwide. That's more than there are Christians worldwide (2.19 billion) and a full billion more Facebook users than Muslims (1.8 billion). And Facebook users appear more devout than, well, a majority of Christians, at the very least. The raw power of this platform is quite frightening. It reminds me of The Book of Revelation "who is like unto the Beast, and who can make war with It?" Also, the name is reminiscent of Revelation; Libra, the balance, reminds me of the rider of the black horse.
Think that's over the top? Remember the beasts of Daniel; the fourth is not like any creature, but is something new. Makes me think of Facebook, a beast unlike any we have ever seen.
How long before this type of international crypto-currency becomes a mandatory thing? How long before you can neither buy nor sell without it? And how long before you have to have a chip to prove you are who you say in order to use it?
Facebook has become too powerful to rein in at this point. I doubt the U.S. can do anything about it at this point.
Posted by: Timothy Birdnow at
08:30 AM
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