I watched this whole train wreck of a hearing. @skycorridors does an excellent job of picking the "best" bits... but OMG it is still a train wreck. Nobody asked my question, if anyone knows someone on today's House Committee, send them my suggested question.
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Dear @brianoflondon
Sorry that noone asked your question during hearing. definetly it's a valid one.
Discussions regarding Libra and Facebook are very intense lately and I personally don't know yet what to think about it.
I'm mostly interested how FED and other central banks will react if they will realize that Libra is a threat for current financial system.
Personally I will not put my trust in Facebook and I don't think I will ever use Libra. However I will surely pay attention to this project as it may turn our financial world up-side-down....
Important questionI would like to ask you, and hopefully you would share your own opinion:For that reason alone I cannot see monetary system being changed much. Neither by libra or bitcoin or any other crypto. Debts, goverment expenses, trade oil - all of it will still require $$$.
What do you think? Upvote on the way.
Yours,
Piotr
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