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

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