Zuckerberg testimony begins: 'I actually don't know if libra is going to work'

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“If America doesn’t innovate, our financial leadership is not guaranteed.” Mark Zuckerberg says that he doesn’t know if Facebook’s libra cryptocurrency will work, but that he thinks it is important to try.

Zuckerberg's testimony follows the July congressional hearing of David Marcus, the executive in charge of Facebook's libra project, in which lawmakers said they were disappointed with his vague answers.

, Zuckerberg spends much of his time discussing Facebook's civil rights plans, diversity record and how the company's libra project will bolster national security. He will then field questions from members of the committee.

 

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Mark Zuckerberg (aka Data) just doesn’t care what the government and the public think of him.

Anybody who would give Facebook any link to their finances deserves what ever happens to what’s left of their private information

Wechat already has it, we would be 2

The only currency that makes sense is a digital dollar backed by the USTreasury

We pay

Yes to innovation, doesn't need to be his $ maker as the answer. Invest in edu, trade schools etc. Innovate.

Greedy monster!

I deleted my Facebook account and my husbands!!

hodl

ザッカーバーク、頑張って!!!!!!!!! ことなかれみたいなやつに負けるな!!!!!!!!!!

Why don't you innovate a new hair cut

I can't stand hearing our ignorant congress speak on subjects they do not have any experience or knowledge of. They are disgustingly rude and don't have a right to speak they way they do to people that are willing to come and speak about important subjects.

You take a junk like the ever faster depreciating fiat money and create a basket of such currencies, it is the same as those junk mortgage backed securities that caused 2008. It won’t be any stable coin as this man suggests. It’s time humanity trusted Mathematics and automated

'.....Financial leadership is not guaranteed' ..It's important to try In many places overseas currently the notion of money or currency doesn't exist or accepted socially as well working for earning cash is challenged by the concept of family or community sharing compound needs.

Nothing to see here! Censorship at its finest by a rouge business trying to sway elections.

Publishers have editors, not platforms. Facebook should be one or the other, not both.

This man is no Bill Gates! He’s not someone to admire! If I am correct, Facebook started at his elite college as a website to judge women’s breasts! Plus other dirty practices of his, I’m not a fan of Mr. Zuckerberg!

Maybe people shouldnt get news from a site meant to keep people in touch socially

Is it a confession to an intent to usurp the financial leadership the country?

Translation: “Did God really say, ‘You must not eat from any tree in the garden’?”

Ok so not only central banks are printing loads of money, now companies are trying to print loads of money “responsibly”, backed by nothing. It doesn’t seem right to me, it looks more like fraud than innovation.

How is Libra providing monetary transfer service that is different from Zelle & oth ACH services A Crypto coin is just a Ponzi token; it’s value is based only on the intensity of follow-on investment Separate digital payment process frm “crypto currency,” transfer digital $$

Zippy chance that I would ever touch a FB crypto currency

A fair question for a legislator to ask: If it’s important to be tried, and you do, WHO will be the LOSER if it fails? e.g. your shareholders, your customers, American taxpayers?

Not to turn away from the topic at hand, but is Zuckerberg's hair cut the worst ever? Ever?

That's a face you'd love to slap.

DeleteFacebook

This guy always looks to me like a little boy who is trying to act like a man.

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Lawmakers wanted to hear from the person in charge of Facebook's cryptocurrency project, but they won't get that from Zuckerberg on WednesdayFacebook CEO Mark Zuckerberg will face the House Financial Services Committee Wednesday to discuss the company's cryptocurrency plans. *🐉 My Facebook account has been hacked to get lost or cut using it 3 times. If I opened for the very last time will be with a last picture of finalmatters living invisalia.trying to put my haircut like a wrong ideA
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