on the crypto
As is now known, the arrival of Pound it hasn't been taken very well by US politics. It would be enough to remember in this sense the request by the Congress to postpone its debut or the continuous requests for clarification, to understand how the path is far from smooth for Facebook's virtual uniform.
What few could have foreseen, however, at least a few months ago, is that to take advantage of the real barrage that arose against Libra's immoderate ambitions, expressed moreover in his White Paper, could finally be that Bitcoin long opposed by sectors of traditional finance and the political world itself for its claims to democratization of a sector seen as the absolute reign of monopoly by decentralization theorists.
Warren Davidson's statements
In the last hours the statements made by Warren Davidson, member of the Ohio State House of Representatives. The Republican politician, who replaced Joe Boehner in 2015, has indeed stated that it would have been much better to add Bitcoin (BTC) to Facebook's Calibra wallet than to create a native currency like Libra.
Davidson himself, in a podcast interview Noded Bitcoin, he then said that Libra's presentation basically crystallized all those problems that already exist on Mark Zuckerberg's social network.
A dispute that makes little sense
In practice Davidson says that the problems raised by Libra are mostly inherent to the way Facebook has moved in recent years. The reference is of course to a series of opaque practices relating to data processing and a clear attempt to direct public opinion on certain issues. Attitudes culminating in the Cambridge Analytica scandal and that have been repeatedly stigmatized by the political world with stars and stripes and more.
Why could BTC take advantage of the crusade against Libra?
What the Republican deputy said is correct and, finally, quite trivial. The annoyance shown towards Libra seems in fact to be the direct consequence of a series of sudden moves, which have turned Facebook into a sort of monster with a thousand heads, therefore capable of attacking the Status Quo.
Una setting that could be to the benefit of Bitcoin. The creation attributed to Satoshi Nakamoto, in fact, was characterized if anything for its libertarian inspiration and as a tool capable of going to touch the sanctuaries of great finance. The fact that it is decentralized, or not subject to the control of a central bank, seems to make it a real weapon against too many monopolies operating in vital sectors such as banking. Pushing not only a myriad of users to look carefully at its potential in the field of online payments, but also in terms of inclusion. Given that billions of people around the globe are currently unable to manage their money with tools such as a checking account or credit card, it is easy to understand why part of the policy looks to it as the true antagonist of Libra.
