RE: Senate Wants Hard Answers From Zuckerberg
Zuckerberg is a stooge and I can’t wait to see his GlobalCoin fail, miserably.
US Senate Wants Hard Answers From Mark Zuckerberg About Facebook’s Upcoming Crypto Platform
FACEBOOK TALKS ‘GLOBALCOIN’ WITH CFTC (WHILE BITCOIN NEVER HAD TO)
“Facebook is a million miles away from some of the main concepts behind cryptocurrencies, including the fact that they are supposed to be a mathematically secure, disruptive, peer-to-peer technology acting as a decentralized form of finance.
Additional worries stem from the fact that the company’s user base is actually a wrong target group when it comes to cryptocurrency usage. As Diar points it out:
‘Educating 25% of the world’s population about current cryptocurrency infrastructure that requires private-key management and the glaring reminder of the possible ultimate loss of funds is also unlikely as it would result in the project’s near instant failure.'”