Discover and read the best of Twitter Threads about #ZuckBucks

Most recents (2)

1/ Draft of a Congressional bill titled "Keep Big Tech Out of Finance" Act is significant.
Note out this announced is right on the heals of Trump tweeting his feelings about #Bitcoin and #Cryptocurrency in general and specifically called out #Facebook #Libra...
2/ FB jumping in the financial industry with their 2billion userbase to tap into *is* a wakeup call. They laughed at #Bitcoin because it was small, but with FB they see a threat.

I'm no fan of #ZuckBucks but I think the #Crypto industry needs to get on #TeamFB with this bill.
3/ This knee jerk reaction to #BigBanks not liking their domain being disrupted by #BigTech, so they're getting Congress involved. It's clearly an overreach in govt trying to coddle #BigBanks, a relationship that needs to seperated more through disruptive tech, not less.
Read 8 tweets
If you are holding some kind of federated DAG, or a proprietary chain / utility token for blockchain-as-a-service in any kind of “medium of exchange” use case are you really going to bet against the #Libra wormtongue?

If that same project also had an ICO / premine...
and is at risk of delisting have you not derisked your position yet?

I predict that centralized “cash” chains will be obliterated by #zuckbucks. Shitcoins have been licking their boots for years, and now they are replaced outright by their own proprietary solution.
Which begs the question: why would a consortium of control freaks want to outsource any censorable point of contact in their chain of command when they could simply operate that from in-house systems?

If you are still hoping for the reptile to throw you a bone don’t bank on it!
Read 15 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!