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14813316 No.14813316 [Reply] [Original]

https://www.banking.senate.gov/hearings/examining-facebooks-proposed-digital-currency-and-data-privacy-considerations

>> No.14813392

Holy shit

>> No.14813436

>>14813316
why are you affraid, Anon?

>> No.14813453

am I gonna be able to get rich off libra if I buy in early

>> No.14813458

https://www.youtube.com/watch?v=s-IVYGpZu04
https://www.youtube.com/watch?v=s-IVYGpZu04
https://www.youtube.com/watch?v=s-IVYGpZu04
https://www.youtube.com/watch?v=s-IVYGpZu04
https://www.youtube.com/watch?v=s-IVYGpZu04

>> No.14813585
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14813585

Holy fuck Mr. Brown just BTFO this fucking kike. Based as hell.

>> No.14813612
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14813612

This god damn boomer Mr. Brown keeps interrupting and yelling the libra guy lmao.

>> No.14813613

mannn getting a roasting

>> No.14813709

>>14813316
LOL BTFO'd by getting asked about what they plan to do with the data they collect...
Everyone knows that Facebook abuses users data, so get fucked if you use their shit coin!

>> No.14813811

>>14813316
This is going to be a massive data mining operation, just like Facebook is. The way this guy said, "We don't intend to use users data at this point", translates to, we will store data, and figure out a way to exploit it.

>> No.14813842

THESE POLITICANS DO NOT UNDERSTAND CRYPTO!

>> No.14813863

>>14813316
AHAHAHA KYC required to use LIBRA and CALIBRA wallet.....
Get fucked!

>> No.14813872

>>14813863
Coming soon to every wallet in the world

>> No.14813888

>>14813842
Those politicians are so god damn retarded I can't even. "I know people who lost absolutely everything even with the better known cryptos".
????????
Lmao just god damn burgerland.

>> No.14813896

For once I actually have to root for Facebook. I hate That alien like but the fact of the matter is that the boomers want to use hatred of Facebook as an in to ban crypto outright. The kikes cannot allow the goyim to be rich.
Entire markets going down because it can't handle all this news going on at once.

>> No.14813945
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14813945

>Mr. Tester
"HOW DO WE KNOW OUR MONEY IS SAFE
>Libra
"we're going to be a non-fractional reserve currency"
>Mr Test
"YEAH BUT HOW DO WE KNOW YOUR MONEY IS SAFE, NO ONE SAW THE 2008 CRISIS COMING - NO ONE"
>libra
"yeah, they were leveraged up to their fucking eyeballs using fractional reserve system"
>Mr. Tester
"LET ME JUST TELL YOU SUN, THAT YOU DON'T GET TO DECIDE WHAT THAT RESERVE IS, BECAUSE WE NEED TO KNOW THAT OUR MONEY IS GOING TO BE SAFE. wHEN 2008 HAPPENED BY THE WAY I KNEW MY MONEY WAS SAFE IN THE BANK"

holy christ on a stick

how is this possible

THESE are the people running our fucking government?

>> No.14813962

I just want this spywarecoin to get the green light cuz that’s gunna pump my crypto

Also
FUCK BOOMERS

>> No.14813997

>>14813945
Where have you been? Yes committee hearings are like a /biz/ thread

>> No.14814011

>>14813945
>THE WAY I KNEW MONEY WAS SAFE WAS IN THE BANK
THAT WAS WHAT CAUSE THE FUCKING 2008 CRISIS YOU NIMROD.
IF EVERYONE OWNED THEIR OWN MONEY 2008 WOULD NEVER HAVE HAPPENED BECAUSE THE BANKS WOULDNT HAVE TRILLIONS TO GIVE SUBPRIME LOANS WITH.

>> No.14814014

Tfw Warner is pro-Bitcoin and anti-libra

Literally /our guy/

>> No.14814013

>>14813896
You realize zuckerburg is Jewish right?

>> No.14814035

>>14814013
Yes and I have to root for his Jewishness over the idiotic boomer-tier Jewishness planted in their minds by Jews.

>> No.14814040

this is so cringe

>> No.14814048

>>14813888
Boomers. This country's politics are dominated by out of touch boomers.

>> No.14814054

>>14814035
>who’sjewingwho.jpg

>> No.14814060
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14814060

>>14814011
its so. SO. fucking hard to watch.

>>14813997
The last one I watched was just as bad. jesus christ.

>> No.14814070

wtf can you even buy on whatsapp

>> No.14814081

>>14814070
Its a big deal on the third world.

>> No.14814082

Warner is a chad for sure.

>> No.14814086
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14814086

It’s all a ploy to zucc the winklevoss twins. Again.

>> No.14814095

>>14813872
How, when you can literally create your own wallets????

>> No.14814097

>>14814060
Our government is full of boomers, literally

>> No.14814137

>>14814097
This is true, but they do have some valid questions, especially about how they are literally going to be running a for profit as a non-profit, as well as what they are planning to do with the users data. Facebook cannot be trusted with users data.

>> No.14814183
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14814183

>pedophiles using crypto
Gee senator, what's new?

>> No.14814191

this whole thing is a joke lol.

>> No.14814193

He called out cash
BASED

>> No.14814202
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14814202

>>14814137
Fucking warner, and my actual home state rep (mike rounds) are asking awesome questions. Tester was a fucking dunce tho for sure

also, I actually live outside of Sioux falls... apparently this company anchorage is setting up a headquarters here... surprising info I didnt' know anything about honestly.

>> No.14814225

what are the implications of 3rd party wallets? A renessance of rising shitcoins?

>> No.14814243

The criminal shit is hilarious. Drugs in particular are bought with cash far more often than crypto.

>> No.14814270

RUSSIA

>> No.14814272

>>14814243
Also not to mention that even XMR if you look hard enough is traceable. It's not like this shit being normalized would lead to more illegal drug purchases, it's just police departments are stupid and don't want to keep up with the times.

>> No.14814276

Mr. Kennedy might be an actual retard

>> No.14814281

Wtf, this nigga is at the wrong committee

>> No.14814289

What does any of this have to do with crypto

>> No.14814294
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14814294

>russian attempts to disrupt the election through facebook

>> No.14814298
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14814298

The fuck is Kennedy on about? This is about Libra, not "MUH RUSSIA".

>> No.14814301

Muh russia
Muh hacked erection

>> No.14814304
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14814304

>>14814276
>>14814281
>>14814191
This is good for bitcoin hahahah holy fuck this is insanely funny i have been laughing the last 10 minutes.
They are rekting facebook and making a use case for bitcoin as it lacks any central point to sue or attack.

>> No.14814316

>>14814281
Kek

>> No.14814317

>>14813316
RUSSIANS HACKED LIBRA
RUSSIANS HACKED LIBRA
RUSSIANS HACKED LIBRA
SELL LINK AND ETH
SELL LINK AND ETH

>> No.14814324

>>14814294
Not saying they didn't exist even, but from what I've seen it's hugely exaggerated. This boomer interrogating him about algorithm and what not is ridiculous.

>> No.14814326
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14814326

Lmao this boomer. "We call that stickiness".

>> No.14814334

How do these boomers always manage to make facebook look sympathetic

>> No.14814335

>>14814317
Someone load up the "vitalik is a russian hacker scammer" FUD from 2015

>> No.14814336

>BULLSHIT
Based

>> No.14814340

>>14814324
Boomers think that Facebook was complicit in getting Donald Trump elected.
It's clear to me that Donald Trump being elected was such a significant ruse by (((them))) that even their usual players weren't in on it this time.

>> No.14814353

This reaffirms that cabinlink is going beyond onethousand in less than a year holy shit we were early. The only decentralized oracle built specifically by industry oh Facebook what oracle do you use oh I see your using the one that swift uses for its thousands of banks oh the industry standard you say oh so I guess it is secure

>> No.14814354

It's pretty fun seeing all these 50+ year old people pretending to know what the fuck Libra is. They are all there being critical of it thanks to the banks that bought them.
Don't get me wrong, Libra is fucking garbage. But these people man..

>> No.14814361
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14814361

Would you a Ms. Smith?

I wood.

>> No.14814373

WHO IS IN CHARGE OF BITCORN?
HOW CAN I TRUST BITCORN IF NO ONE'S IN CHARGE OF IT.
I LITERALLY CAN'T ENVISION A WORLD WHERE OUR JEWISH MASTERS DON'T CONTROL THE WORLD ECONOMY.

>> No.14814384

>>14814334
Boomers gonna boom

>> No.14814397

>"What if the board gets into a conflict about something? What if there's a disagreement?"
>"The board won't need a super majority to pass something"
Kek'd. Mhm..

>> No.14814398

"how is every voice going to be heard, blah blah majorities overrule"
>muh governments
>muh literally every business

>> No.14814400

The facebook guy sounds like a Skyrim NPC

>> No.14814422

What is wrong with this bitches arm?

>> No.14814427

>>14814354
Yeah. It's infuriating honestly.

>> No.14814436

I'll be honest these boomers are kind of making the case for bitcoin by themselves. I honestly never believed in internet funny money before, I just was in it for the fiat, but I finally understand what the whole "point" of it is.

>> No.14814451

>I don't want to get into the technical stuff I want to talk about the emotional stuff

>> No.14814452
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14814452

>>14814436
But bitcoin is not backed by anything you can trust the money backed by this guys.

>> No.14814462

This woman is kinda based

>> No.14814469

>>14813316
BASED ROASTIE IS SHILLING LINK
BASED ROASTIE IS SHILLING LINK
BASED ROASTIE IS SHILLING LINK
BASED ROASTIE IS SHILLING LINK
BASED ROASTIE IS SHILLING LINK

>> No.14814470
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14814470

>>14814451
>I don't want to get into the technical stuff I want to talk about the emotional stuff
>How can you guarantee the privacy
>Open source coin

Fucking boomers every time they speak about crypto they make me more bullish.

>> No.14814476

>>14814451
Kinda yeah, esp since the technical stuff relates specifically to the privacy

>> No.14814489

What what a bitchy response

>> No.14814508
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14814508

??

>> No.14814514

This bitch needs to work on her speaking skills. Sounds way too unnatural

>> No.14814516
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14814516

>>14814451
fucking christ i hate people like this.

>> No.14814523
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14814523

>>14814489
>NOOO YOU CANT BE BITCHY ABOUT FACEBOOK AND THEIR PRIVACY BOTNET, THINK ABOUT THE ZUCK AND HIS BILLIONS

>> No.14814545

>>14814523
Libra will ultimately fail in a highly competitive market, and this isn't about Libra, it's about boomers being led by the ear by their (((banking masters))) that crypto is evil and needs to be destroyed.

>> No.14814548

>>14814523
It's not that, I don't care if she is bitchy about that but she literally didn't understand crypto

>> No.14814554

>>14813453
LIBRA is going to be the normiecoin.

>> No.14814566

>>14814545
Libra will not fail because it's a centralized currency. It's propped up by reserves.

>> No.14814571

This speaker on now is actually raising valid concerns and seems to have a better understanding of crypto.
>Libra isn't a cryptocurrency
Based af

>> No.14814574
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14814574

>Libra will know all of our info
>Libra is anonymous

>> No.14814588

The price of libra is going to dump immediately when it goes public, just like any binance listing. This will cause public outrage and end up with crypto ultimately being banned. If you are imagining anything else than this happening, you live in a fantasy land.

>> No.14814590

based Senator Cotton

>> No.14814592

>>14814588
It's supposed to be a stablecoin of some kind.

>> No.14814596

>>14814571
Yeah, seems like she actually did some research beforehand.

>> No.14814597

>>14813316
God the difference in IQ between the democratic and republican questions must be like 30

Are the dems in the us full retard or they are larping about being retards?

>> No.14814647

WHAT THE FUCK DOES THIS HAVE TO DO WITH CRYPTO?

>> No.14814656

>fix fake news on your platform
>meaning control information tightly according to our views

>> No.14814660

Lmao the fake news guy, what does this even have to do with Libra

>> No.14814665

>>14814597
Both

>> No.14814680

>>14814656
>>14814660
congress is full of faggots
if you want to be a senator just become a fag

>> No.14814687

>>14813997
No, biz are more educated than these clowns.

>> No.14814695

Can't believe this thread isn't more active. This is more important than 10 million LINK FUD threads since if anyone knew anything they'd know the current bear market is being caused by this shit.

>> No.14814699

It's pronounced Leebra?

>> No.14814724

>>14814699
what's with the "kalibra" thing some of them keep saying?

>> No.14814736

>>14814699
The “i” is silent

>> No.14814741

>>14814724
I'm pretty sure it's the name of the department of Facebook that's developing it.

>> No.14814743

Jeezis. Just stop it. Crypto isn't real currency and it's like speculating on the used burrito market. Just fucking stop, get a job, and invest in the real world, dude. Quit shitting up /biz/ - this place could actually be useful tomorrow if you cryptofags would all just die.

>> No.14814746

>>14814724
wallet

>> No.14814752

just got in, what did I miss?

>> No.14814753

>>14814695
It doesn't matter what senate decides. Either way is bullish for bitcoin.

>> No.14814772

>>14814743
Shoo shoo nocoiner

>> No.14814773

>>14814743
Time to die boomer, we know there's a better way. Even if all crypto gets banned in the US I'll still own it and find somewhere else to use it/cash out.

>> No.14814781

>>14814743
seethe

>> No.14814782

>>14814743
boomer cope

also, NSA is gonna go balls deep in this kalibra network. funny congress doesn't understand this

>> No.14814792

This is all so gay and tiresome. Why is Facebook even doing this? Fucking unbelievable. Facebook has been the worst thing for society in the last decade. And now they want to be a fucking bank. When does the jewery stop?

>> No.14814810

>>14814752
The best propaganda that bitcoin has ever had.

Seriously look at the questions the retards asked about libra and you will end up fomoing into btc knowing your savings depends on this retards.

>> No.14814853

>>14814810
kek thanks for info. trump saved us again.

>> No.14814872

libra is getting shredded kek saving crypto RSR will be LIBRA before LIBRA has even launched. LINK 1k.

>> No.14814880
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14814880

What is the point in cryprocurrency controlled by government?

>> No.14814907

Why is it that when those people are talking they don't show any emotions what so ever. How can people go in such a robot mode.

>> No.14814920

Satoshi is fucking livid right now. The decentralized network that is Bitcoin has been coopted by FB for pure greed. This isn't a decentralized cryptocurrency. You guys are laughing at these boomers but this is the first introduction that 1/3 of the world will have to digital assets. This testimony is huge.

>> No.14814921
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14814921

what I've learned from all these stupid fucking panels is that nothing ever comes from any of this shit. Its all talk from congress kikes. I wouldn't worry about any kind of regulation on crypto anytime soon not even in the next 5yrs. Its all bark no bite and has been for everything for the past 100yrs or more.

>> No.14814943

I’m using my LINK gains to get off this fucking rock and nuke every capital city from orbit.

>> No.14814944
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14814944

>>14814920
>yfw capitalism strikes again

>> No.14814947

>>14814920
Dude these boomers are seething mad about Facebook, why get mad when we can let you and him fight to Bitcoin's benefit.

>> No.14814959

>>14814872
This just shows me that RSR will get shut down

>> No.14814983

DUDE IS GETTING RIPPED APART LMFAO FUCK FACEBOOK

>> No.14815001

>>14814947
The fact of the matter is that there fucking right though. FB has no one's trust. There now making a currency to use on their platforms. It's so fucked that a DECENTRALIZED currency is going to be centralized. This David Marcus dude just said he'll block certain addresses in agreements with sanctions. Crypto will be adopted but the "decentralized" vision is gone.

>> No.14815021

This entire hearing is so fucking cringe it’s unreal

>> No.14815033

>>14815001
Who gives a fuck about decentralization
We're just here to make money faggot

>> No.14815036

Dumb old boomer who doesn't understand BTC says it's not going to have wide spread use

sounds bullish

>> No.14815050
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14815050

IT'S NOT GONNA BE PUT INTO WIDE SPREAD USE

SELL SELL SELL

>> No.14815052

>>14815033
>t. Altcoiner fag that has been bleeding sats since 2017

Descentralization is the key.

>> No.14815061

>>14815033
No shit you dumb fuck. I'm not arguing against that. If libra gets implemented that "money making" you're talking about will be drastically affected.

>> No.14815066

>>14815033
How would you make money with an effectively centralized currency that is directly pegged to an index of fiat currencies?

>> No.14815095

>tfw no qt DC summer intern gf

>> No.14815102

>>14813453

It’s a fucking scam retard.

To all the noobs in this thread:

Facebook “coin” is a fake scam coin and surveillance coin. Right now they are lying about their true intentions because they are about to lose their entire fucking business model to a new type of social media platform where users can withhold their own data and be paid small amounts for viewing ads.

Bitcoin is enabling a micropayment economy. The currency will be bitcoin, not some fucking fake ass centralized scam fb coin.

>> No.14815117

I missed it, someone give me the rundown.

>> No.14815127

>>14815095
Kek

>> No.14815146

HOLY SHIT LOOK WHAT THIS HEARING IS DOING TO BTC PRICE

>> No.14815151

>>14815001
It's going to get btfo before it can even reach the market. Politicians will anti-trust regulate Facebook way harder thab Microsoft got in the 90s

>> No.14815203
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14815203

>>14813316
Based boomer Kennedy

>> No.14815208

>>14815052
>>14815061
>>14815066
>he doesnt know

>> No.14815211

>>14815203
based

>> No.14815213

>>14815117
Facebook has sucked corporate dick to make their money forever. Never helped the average person who might want to profit off their own valuable data. Now facebook wants its own currency and to keep going hog wild even though they admittedly fuck up everything they touch. That's the long and short of it.
Once facebook starts paying its users for the user data they're selling, maybe it's a fair market. Either way, I won't fucking use their shit platform; they're gonna have to go farther like Google and actively stalk my location and sell stuff behind my back until they get shut down.

>> No.14815225

btfo

>> No.14815234

>>14814743
Boomers are a plague.

>> No.14815256

>>14814743

Stay poor

>> No.14815306

>>14814959
Nah, Trump wouldn't fuck his buddy Peter Thiel like that.

>> No.14815310

Dumb boomers selling their stacks in time for my paycheck.

>> No.14815323
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14815323

>>14814743

>> No.14815342

>>14814920
Hi fellow redditor

>> No.14815359
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14815359

>>14815208
Soon.

>> No.14815388

watch the one minute charts of your favourite coins. haha BTC sub 10k they doubted the prophecy

>> No.14815407

Boomers might will actually inadvertently fulfill the Asuka prophecy lmaooo

>> No.14815448

Okay it's over you can buy back now, I repeat, stop dumping now and buy back

>> No.14815458

bearish price is 1300$
see u eoy

>> No.14815461

>>14813453
Facebook was trying to steal users medical records. Their app is literal spyware and malware. It turns on your microphone and camera without permission. I have no sympathy for you if you are dumb enough to give them money

>> No.14815463

>>14815146
Glad I sold at the top... gonna wait for it to hit 6000

>> No.14815466

LINK is TANKING HARD

>> No.14815484

>>14815463
600*

>> No.14815534

>>14815466
>red ID
>dubs
Yeah I'm thinking it's fucked

>> No.14815558

>>14815466
Everything is tanking hard you retard.

>> No.14815738

>>14813453
all the previous brainlet replies missed the point

It's a stablecoin retard. It will never moon

>> No.14815757

>>14815738
then whats the point

>> No.14815957

>>14815757

So they can keep you in their surveillance platform and keep their business model you fucking derp head

>> No.14816079
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14816079

>>14815558
Nope, RSR is going up like a champ

>> No.14816234

>>14815001
Its really quite likely that true decentralised blockchain wont be mass adopted. People may just not fucking care. But at least they cant be killed, so those who do want to use them can

>> No.14816267

Imagine being facebook trying desperately to get into crypto

fucking kek

>> No.14816636

>>14813316
Fuck Zucc for ruining everything

>> No.14816700

>>14813872
oh yes, electrum is going to visit every house that has ever downloaded their software and do a manual offline update with a pen drive
just kys

>> No.14816734

>>14815466
>btc crashing day after day
gee i wonder why
>link still up hundreds of percents

>> No.14816741

>>14815757
it's in my post retard

>> No.14816748

>>14814436
>internet funny money
but bitcoin is offline, faglord
you can store a private key on a fucking rock

>> No.14816769

>>14816700
checked and kekd

>> No.14816843

>>14814183
You do not have my permission to post Tanya.

>> No.14817375

>>14816079
RSR GANG REPORTING IN