Libra — One Ring To Rule Them All?
One Ring to Rule Them All, And in the Darkness Bind Them
Funny that the Zuck, after meeting with his erstwhile rivals, named his new venture “Libra” given that the Winklevii twins named their company “Gemini.”
Perhaps this is Zuckerberg’s shot across the bow of the good ship Gemini that there is a new astrological sign in town, signifying — what exactly?
Will They Or Won’t They?
That there was even a meeting between these former rivals is amazing, and especially now that the cat is out of the bag that the Zuck is creating a sort of One World Coin, a coin to rule them all.
The Winklevoss twins had made an inspired bet on Bitcoin, cornering reportedly 1% of Bitcoin. This works out to 210,000 bitcoin, which at current prices (@ $10,000) work out to some $2.1 Billion. Quite a bit higher than the $65 mill and FB shares they received from the Zuck the Hobbit/Thief.
…and now the Zuck is rolling in with a Who’s Who of payment partners who likely tripped over themselves to get listed, the likes of Mastercard, Visa, Paypal, and…Uber? Well, as a representative of the “sharing economy” you can’t have picked a more visible one.
That Uber is part of this group, a disruptor among disruptor companies is another signal that the Zuck is not playing games. He didn’t pay off the Winklevii for anything, and the Zuck plays for keeps!
The Long Con
Beneath his cherubic facade of the Zuck lies the soul of a con artist. He’s a master of the long con, stealing your ideas, your images, feeding you “like” buttons that allow the simplest interactions with the least amount of effort until we are hooked to the tune of 50 minutes of our attention spent per day.
Zuck stole the Winklevoss’ Harvard Social Media website idea and supersized it into what is now Facebook. In the process, he rolled over the Myspace and Friendster’s of the world.
And now he’s about to run over Gemini.
The tWinklevii seem to think the Zuck and them are now friendsters, playing in the same pond. But Zuck saw an ocean opportunity to take on the entire cryptoverse, hoping to subsume even the mighty ship Bitcoin.
Who do you think world governments will like more? A Centralized coin like Libra that consolidates control of banks, has intimate details of all it’s users — all just a Federal subpoena away…or a decentralized currency that, because of it’s deflationary and decentralized properties, is well nigh a black hole into whose maw the USD will swirl its way into, created by the sexy and mysterious (and pseudonymous) Satoshi Nakamoto?
The Zuck, for all his avarice, is a known quantity. What he’s not is a revolutionary like Satoshi Nakamoto, one who lobs financial moltov cocktails at the Trotskyites/Banks. He’d rather cozy up to the Mastercards and Visa of the world, rubbing shoulders with the Taxi industry destroying Ubers of the world.
Once A Thief, Always A Thief
I think folks underestimate the Zuck, now that he’s gone respectable with his suit and tie in front of the US Congress. Who can be afraid of a Social Media website that our parents are on? But the Zuck has set his eye on the prize that is not just a Gemini rival. He didn’t just create a Bitcoin exchange.
Think not just BTC, but USD. A coin that is (at first) a combination coin valued at the average of the worth of the USD and Euro. And if the dollar fades? Well then, shift to a Euro/Yuan or even Euro/Yuan/Ruble.
Libra Moon Waxes…
…as Gemini wanes. With the Zuck’s connections, and Facebook payments already through the regulations of all fifty states, does even the almighty Bitcoin stand a chance? Facebook’s lobbyists and war chest can regulate Bitcoin, and the crypto dreams of the Winklevii, out of existence.
Gemini - who?