Libra – The Musings of the Big Red Car

Facebank And Libra II

Big Red Car — Tue, 21 Apr 2020 18:17:34 +0000

While we were all distracted by the life and death of COVID19, our friends at Facebank have made a few changes in their quest to make Libra a viral offering in the crypto world. You will recall that we spoke of Facebank’s Libra offering here: Facebank And Libra Cracks In The Libra Foundation Libra Foundation […]

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Libra Foundation Crack Update

Big Red Car — Fri, 11 Oct 2019 22:48:21 +0000

On Friday afternoon, four additional cracks appeared in the Libra Foundation when Visa, MasterCard, eBay, and Stripe joined the earlier refugee from Libra, PayPal, and announced they were going to take a pass on joining and funding the Libra Foundation, headquartered in Geneva, Switzerland. What was odd was the revelation that Libra had been taking […]

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Cracks in the Libra Foundation

Big Red Car — Mon, 07 Oct 2019 18:26:52 +0000

Some time ago, we spoke about Facebook’s Libra cryptocurrency. We spoke of it here: Facebook and Libra Recently, we learned that PayPal has abandoned ship as one of the 28 founding Libra Association members. Sort of caught folks by surprise. They didn’t give a reason, but mumbled along the lines of this: Uhhh, ummm, we […]

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Libra v The Senate

Big Red Car — Tue, 16 Jul 2019 21:18:50 +0000

Today, the US Senate grilled Facebook’s Chief Libracan about all things Libra. David Marcus is actually the head of Facebook’s crypto wallet subsidiary, Calibra. He was offered up as a human sacrifice to the US Senate Banking Committee to lay out the Libra project. Reports are he was able to walk out on his power. […]

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The Trump Bump — Cryotocurrency

Big Red Car — Fri, 12 Jul 2019 17:00:08 +0000

President Trump had some choice words to share in regard to cryptocurrency and the Libra (Facebook) cryptocurrency in particular. They were not flattering. The President is “…not a fan…” and suggests that cryptocurrency will “…facilitate unlawful behavior, including drug trade and other illegal activity.” His full quote was: “I am not a fan of bitcoin […]

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Facebank and Libra

Big Red Car — Sun, 23 Jun 2019 20:23:16 +0000

Big Red Car returned from babysitting duties for My Perfect Grand Daughter. We are learning how to boogie board, but don’t tell her mother. While gone, Facebook announced the impending creation of Libra, an asset-backed cryptocurrency that will transform life as we know it. I have taken to calling the entire entire enterprise — Facebook, […]

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