Published on Jul 1, 2019
These companies are in support of the New World Government crypto currency called Libra.
How Will Facebook’s Libra Cryptocurrency Affect The Bitcoin Price?
Unlike Bitcoin, Facebook’s Libra has identifiable parties behind the network who can be targeted with regulation. If Libra users were able to act in a permissionless, censorship-resistant manner, it would only be a matter of time before regulators came in to shut the whole thing down.
The inability for Facebook’s Libra to operate in a permissionless manner puts into question whether it should be considered a real cryptocurrency at all — at least in the minds of bitcoin purists. The Winklevoss Twins, who formerly battled with Facebook CEO Mark Zuckerburg over control of the social media company, also felt the wrath of those who wish to stick with the decentralized, censorship-resistant nature of bitcoin due to their association with a custodial, regulated cryptocurrency payments app that allows users to spend their bitcoin and altcoins at Starbucks, Whole Foods, and other major retailers.
While some regulators have called for outlawing cryptocurrencies, especially those focused on anonymity and privacy, the point of these networks is to be resistant to such measures. ………