Congressman Stivers: "do you think you'll exclude companies like Chik-Fil-A... from the libra association"
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i got up at 6am to watch this
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Rep Sherman just said that Libra may do more to endanger america than Osama Bin Laden's innovation of flying two planes into the WTC house hearing is going full house hearing
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the "only blockchain/crypto coding expert in congress" is currently flexing on FB's Marcus with very specific technical questions that i think most in the room (and me) dont understand
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a lot of this hearing is Facebook threading the needle between "we arent a bank yet will offer financial services" the translation to this is "we do not wish to be regulated like banks"
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Rep. Williams: "I believe you are a capitalist, are you not?" Mr. Marcus: "I believe we all are in this country." (im not so sure about that)
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Rep San Nicolas saying "you wont get these fortune 500 companies signing up for" the libra association "unless they know what they're signing up for" its funny because FB has largely kept its partners in the dark about a lot, and those partners are skeptical as a result
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Rep Loudermilk: "Quite frankly i dont care for facebook. it is a nightmare" lol
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AOC is up
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she rightly points out that the Libra Association was picked by FB, "an undemocratically selected committee of largely massive corporations" it's really hard to continue thinking about the foundation as wholly independent
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