Facebook's David Marcus testifies on Libra cryptocurrency – 07/17/2019

Calibra CEO David Marcus testifies before the House Financial Services Committee during a hearing examining Facebook’s proposed digital currency Libra and its impact on the American financial system.

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Facebook’s David Marcus testifies on Libra cryptocurrency – 07/17/2019

18 thoughts on “Facebook's David Marcus testifies on Libra cryptocurrency – 07/17/2019

  1. When you buy game tokens in an arcade or laundromat the house profits from lost, unused or otherwise inactive tokens, that in essence is what Facebook is attempting to do with Libra. I’ve been using Facebook less and less for several months, since reports of their widespread data collection schemes and will not be participating in anything Libra.

  2. Mark Zachberg The evil man is the one who is hungry for money.
    He raised the cost of advertising. He crammed all advertising channels. The most ugly is He deducts the fee and the fundraising activity through Facebook. By claiming that it is a small expense But actually he needs money
    And that is the source Of hoping to collect fees, transfer money, pay from the whole world Is the source of Libra's money because Mark is a selfish person who doesn't know enough. Mark has sold American information to make a lot of money and will earn money from personal information all over the world. He wants to be the dominant power on earth. If he can monopolize this world He will scour the flesh, scrape the whole world, all the way that Facebook is doing.

  3. I’m concerned about how taxes will be tracked.

    I’m concerned about who will get to decide what gets to go into the codebase

    I’m concerned that Facebook is trying to be ambiguous in their categorisation, so that they can play the crypto or bank category whenever it suits them. Similar to Uber.

    If Facebook wants to help the unbanked, then invest in the current solutions. There is nothing new here, everything is based on what crypto currency research has accumulated, give back. You certainly have the capacity to

  4. My account is disabled mohamedsami@mail.ee

    You can't use Facebook at the moment

    We're reviewing the photo that you sent us.

    We're always looking out for your security, so until then you won't be able to use Facebook.

  5. International monetary reform should be organized and implemented by one organization only "The FED" But only after it has had a proper Audit and after the American Government has taken all of its assets holdingings as per the President's Executive Order Blocking the Property of Persons Involved in Serious Human Rights Abuse or Corruption. The FED is a person. Held by and run by persons for now.

  6. We will see cripto currencys all over the world. We know from the history that, when public demands all politicians have to surrender. It's just a matter of time game.

  7. It'd be a shame if the inept government delinquents regulate Libra to the point of unfunctionality. I know theyre obviously going to try to take it down with everything they got, as you can tell by the economically and monetarily illiterate comments and questions by the democrats especially

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