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The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

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    1. Eric Wall‏ @ercwl 16 Jul 2019

      David Marcus dodges the question if on-platform purchase data in FB's apps can be collected via Libra purchases. Calibra not sharing *their* data with FB is irrelevant - just like FB doesn't need credit card companies' data to know a user bought ad space on FB with a credit card.

      1 reply 12 retweets 50 likes
      Show this thread
    2. Eric Wall‏ @ercwl 16 Jul 2019

      Senator asks how Libra will be prevented from being used for bad purposes: David Marcus dodges the question here aswell by only talking about Calibra's KYC'd wallet and intentionally doesn't address the key issue: what about the non-KYC'd wallets?

      2 replies 0 retweets 13 likes
      Show this thread
    3. Eric Wall‏ @ercwl 16 Jul 2019

      It's very frustrating for me to listen to this hearing because the senators don't know enough about the technical details to pin Marcus down.

      3 replies 2 retweets 20 likes
      Show this thread
    4. Eric Wall‏ @ercwl 16 Jul 2019

      I am sure the senators are not talking about deanonymizing the pseudonymity of the blockchain, they're just concerned with Facebook's data gathering. But where is this concern towards credit card companies who collect the same data? Seems like concern trolling to protect banks?

      1 reply 0 retweets 17 likes
      Show this thread
    5. Eric Wall‏ @ercwl 16 Jul 2019

      Shout-out to @MarkWarner for drilling the questions into the heart of the issue and not allowing any sidestepping.

      1 reply 0 retweets 14 likes
      Show this thread
    6. Eric Wall‏ @ercwl 16 Jul 2019

      From his intensive questioning we learned that Instagram and WhatsApp will not have any other Libra wallet than Calibra embedded. Marcus tried to dodge the question by saying they can send to non-Calibra wallets, which is a different issue.

      3 replies 1 retweet 14 likes
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    7. Eric Wall‏ @ercwl 16 Jul 2019

      Notice that the AML questionning only addresses *blacklisting*. No one has brought up KYC requirements imposed network-wide via the Libra Association as a MSB. Marcus simply responds that the Association will not touch end-users. This, imo, is a regulatory loophole. @jerrybrito

      3 replies 0 retweets 7 likes
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    8. Eric Wall‏ @ercwl 16 Jul 2019

      Eric Wall Retweeted Ma/ya Zehavi

      From @mayazi:https://twitter.com/mayazi/status/1151135301001080833?s=19 …

      Eric Wall added,

      Ma/ya Zehavi @mayazi
      Marcus Obfuscation #1: setting up Libra in Geneva doesnt & registering with FINCEN =/= mean the US has oversight. It means FB chose a place willing to bend regulatory rules for them, with a history of tax evasion
      1 reply 0 retweets 5 likes
      Show this thread
    9. Eric Wall‏ @ercwl 16 Jul 2019

      Why don't they set up a table next to Marcus table with one of us to ask us if David Marcus just dodged the question and how he did it?

      2 replies 0 retweets 11 likes
      Show this thread
    10. Eric Wall‏ @ercwl 16 Jul 2019

      Senator Capro, concerned about privacy, asks if a user's blockchain address can be connected to their submitted government IDs to Calibra. Marcus: Nah, we won't put those details on the blockchain.🤦‍♂️

      3 replies 7 retweets 14 likes
      Show this thread
      Pinboard‏ @Pinboard 16 Jul 2019
      Replying to @ercwl

      Crapo, not Capro

      10:00 AM - 16 Jul 2019
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Eric Wall‏ @ercwl 16 Jul 2019
          Replying to @Pinboard

          That's unfortunate

          1 reply 0 retweets 0 likes
        3. Pinboard‏ @Pinboard 16 Jul 2019
          Replying to @ercwl

          It's not so bad. Pronounced "CRAY-po".

          1 reply 0 retweets 1 like
        4. Show replies

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