Argentine President Javier Milei posted & deleted an X post promoting Libra, a memecoin that surged 2,000% to a $4.4B market cap before crashing 95%+. #JavierMilei #LibraCoin #Memecoin #CryptoNews #XPost #Cryptocurrency #MarketCrash #Altcoins #Crypto

https://posivi.com/argentine-president-javier-milei-posted-deleted-an-x-post-promoting-libra/

Argentine President Javier Milei posted & deleted an X post promoting Libra - Posivi

Argentine President Javier Milei recently found himself embroiled in controversy after promoting a Solana-based memecoin called LIBRA on his X (formerly

Posivi
The #libracoin website
https://libra.org/en-US/
is larded with colourful images of strong looking African women in markets. Heads up, sisters, market traders, smartphone users . . Zuckerberg was checking you out, in Nairobi in his executive jet a couple of years back, and the storm is now officially headed your way. Is this where the head-to-head conflict between Silicon Valley capital and Chinese capital will spark from?
@matslats @dilgreen
Libra | A New Global Payment System

The Libra mission is to build a simple global payment system and financial infrastructure that empowers billions of people. Read the Libra White Paper.

I've had an awareness for a couple of years, of Zuckerberg's intention to steal banking from the bankers, and pull the world's poorest smartphone users into a sticky platform-banking web. On cue, here comes #libracoin!
See @matslats of the #OpenCreditNetwork, on Libracoin
https://opencredit.network/2019/07/24/our-position-on-facebooks-proposed-libracoin/

And more here on class war among the old and new bankers
https://www.noncorporate.org/build-global-moneyless-trading-system/
Slugging it out soon with China?

Our position on Facebook's proposed LibraCoin

In the wake of Facebook’s recent announcement, community currency engineer and Open Credit Network advisor Matthew Slater asks if Libra coin is poised to conquer the world. The cryptocurrency world is reeling this week from the white paper of Libra, a coming cryptocurrency with so much corporate buy-in, it threatens to

Open Credit Network

The Rise of Corporate Nations – Multinational corporations are increasingly encroaching on the functions of sovereign states
https://www.commondreams.org/views/2019/07/24/rise-corporate-nations

#libracoin #facebook #cryptocurrency #crypto #freedom #democracy

The Rise of Corporate Nations

Multinational corporations are increasingly encroaching on the functions of sovereign states.. "There is no America. There is no democracy. There is only IBM and ITT and AT&T and DuPont, Dow, Union Carbide, and Exxon. Those are the nations of the world today … The world is a collage of corporations, inexorably determined by the immutable by-laws of business." 

"one key characteristic of #cryptocurrencies is their resistance to #censorship. For this, they need to be #decentralizedenough to prevent any one group from deciding who gets to transact. #Libra does not yet fulfill that criteria.
Also, the value of a Libra coin is not created by the underlying technology.. It’s a digital representation of a basket of fiat #currencies and other securities.
The only thing #LibraCoin has in common with cryptocurrencies is the #blockchain."
https://www.coindesk.com/libra-isnt-a-cryptocurrency-its-a-glimpse-of-a-new-asset-class
Libra Isn't a Cryptocurrency. It's a Glimpse of a New Asset Class - CoinDesk

Noelle Acheson argues that Libra is not a cryptocurrency, it’s a security. That in itself is a huge innovation, and perhaps a glimpse of what is yet to come.

CoinDesk
♲ @[email protected]: #Facebook mined #libracoin nicht primär für pures Geld sondern schürft mit #Libre alle wertvollen #Transaktionsdaten Eures Geldes & verknüpft diese an Euren Account.

Damit kann #Facebook perspektivisch die Wirkmächtigkeit von Werbung messen & direkt verrechnen.
Henze-Online (search)

#Facebook mined #libracoin nicht primär für pures Geld sondern schürft mit #Libre alle wertvollen #Transaktionsdaten Eures Geldes & verknüpft diese an Euren Account.

Damit kann #Facebook perspektivisch die Wirkmächtigkeit von Werbung messen & direkt verrechnen.

"The confluence of social, financial and inferred data to make ever more detailed and discriminatory profiles and provide a transaction mechanism devoid of scrutiny to exploit some of the most vulnerable in society." #Facebook #Libracoin #FacebookCoin

http://privacyinternational.org/long-read/3021/facebooks-new-cryptocurrency-libra-not-be-confused-libre

Facebook’s New Cryptocurrency Libra: Not to be Confused with Libre

The white paper that outlines the rationale for the new currency makes a number of heady statements, some which anyone who cares about rights should commend -- and some which should be challenged.