I mentioned before in my post “On money, Bitcoin and cryptocurrencies in general” that the financial elite will try their best to co-opt Bitcoin (and true cryptocurrencies in general) because it poses a serious threat to their global monetary system of enslavement. It seems Facebook’s recently announced “cryptocurrency” called Libra is their latest attempt. Here’s from an article titled “The Spanish Prisoner” (July 7th, 2019):
Libra, the cryptocoin promoted by Facebook, is a Spanish Prisoner con.
What’s the Big Idea? Why it’s banking the unbanked. It’s facilitating cross-border remittances. It’s bringing the benefits of crypto to the global masses. ALL OF THIS IS TRUE. So far as it goes.
And if it facilitates e-commerce along the way? if it’s possible to make a few bucks or enjoy some greater conveniences as part of Facebook and its partners executing on this Big Idea? Well, what’s wrong with that?
What’s wrong is that this is how Bitcoin dies.
This is how a censorship-embracing coin replaces a censorship-resistant coin. This is how the State and the Oligarchy co-opt crypto. Not with the heel of a jackboot. But with the glamour of convenience and narrative.
And in a few years it will all seem so natural to you.
Using government-approved electronic money will be the water in which you and your children swim. You will not be able to imagine a world where a censorship-embracing coin is not everywhere.
Libra was designed to co-opt Bitcoin.
Libra was designed to allow government oversight over your economic transactions.
Libra was designed to provide a transparent regulatory window and control mechanism over your money.
Libra was designed for Caesar.
If you’ve read my post “On money, Bitcoin and cryptocurrencies in general” you should be capable of identifying fake “cryptocurrencies” such as Facebook’s Libra and JP Morgan’s JPM Coin. And if you know what’s good for you and your future, you’ll realize that it’s best to stay far away from them.