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0/I have travelled to the future and things are looking bleak. I beg you to stop Libra.
1/Libra provides an immense amount of “liquidity” to FB’s platform. Payment data is collated, fractionated and monetized at vast multiples to the stablecoin’s face value. In-feed shopping & messenger payments create eerily accurate and personalized behavioral profiles.
2/These profiles are sold and resold (rehypothecated) along collateral shopping chains. Shopping bots swap/steal profiles and have swamped the web. Shipping networks criss cross the planet simply moving goods for the sake of moving them. Think of it as wash trading.
3/Economic output is computed using a basket of metrics pegged to social scores and shopping. Shopping as a production output is measured in product flow to stock. High flow and low stock implies captive consumer cohort.
4/Libra’s velocity is unparalleled. Facebook user metrics dominate financial network reporting. Warehouses disgorging rivers of boxes are “things of beauty” and roads congested with FESLA rigbots are “a sight to behold.”
5/PS FESLA is a subsidiary of FB. Rigbots are autonomous trucks.
6/Predictive shopping has become predictive shipping. Ship now, shop later is the new Silicon Valley mantra. Items arrive at your doorstep even if you hadn’t thought of buying, dropped of by FAMAZON drones and FUBERs.
7/PS FAMAZON is a subsidiary of FB. FUBER is FB’s fleet of last mile delivery vehicles manned by ever ebullient upsellers.
8/High frequency shipping is the practice of dropping small quantities of finished product to determine if the recipient has a buy order. Needs are preempted in realtime by nodes mining googols of personal data.
9/Shoppers shape product design, guide development and even have a hand in pricing. This illusory freedom is addictive and has created a vast network of minions beholden to a handful of social influencers.
10/Libras are publicly rated based on transaction value inputs/outputs. Branded wallets are highly sought after. Tainted & socially weak addresses can be “hashed” out of the network, forever locking funds.
11/High time preference is pervasive. Every Libra is pre-spent and accounted for in advance of earning. Debt is the public’s wealth. Sharing and shopping acumen are the only paths to social status.
12/Nations and government entities have been reduced to renting FB networks seeking Libra arbitrage opportunities to fund their cyber wars and welfare states.
13/Libra’s vast influence has degraded culture. People pour plant and meat powders into 3D printers building meals. Artists are reduced to rendering product previews and novelists pen reviews. Heavy lifting is a 12 hour search, shop and share binge.
14/Libra allows Facebook to engage and subvert the populace at a subconscious level. Value is no longer expressed in emotional or familial terms. Self greed is pervasive. Savings are shirked.
15/Libra Consortium members enjoy willful control over a public which unknowingly surrendered its will.
“If we know what you want, we’ll tell you what you need.”
“If we know what you want, we’ll tell you what you need.”
Fin/I have shared a small part of a dystopian Libra powered world. It doesn’t have to be like this. We have a way to stop it in its infancy. If we each sacrifice a little bit each day, we can realign our present and generate a future that is run by better money, by Bitcoin.
