Facebook Is a Threat to Governments Not Crypto

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The moment Facebook released the whitepaper for its planned Libra coin, social media was flooded with claims about Zuckerberg’s new drive to take over the cryptocurrency market, with some even calling it a Bitcoin killer. However, looking at the actual details of the plan, it has little to do with cryptocurrency and is in fact more of a threat to government fiat. Also Read: Zuckbucks or Bust: How SEC Rulemaking Hurts Startup Cryptos and Favors Big Tech Libra Wants to Be a New Global Fiat Currency, Not a Cryptocurrency Without getting into deep technical arguments about what is a real…
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Facebook Is a Threat to Governments Not Crypto

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