ZuckerBucks

Truth in advertising

Mark Zuckerberg and his band of sinister dweebs are releasing a digital currency called Libra. As with everything involving Mark Zuckerberg and Facebook, it has the potential to drive humanity even farther into the darkness.

Note: Skip to the end for the commentary

The Name

In Language

(in ancient Rome) a unit of weight, equivalent to 12 ounces (0.34 kg). It was the forerunner of the pound.
OED 2nd Edition cites the following historical uses:

In Astrology

From Wikipedia:

Libra (โ™Ž) is the seventh astrological sign in the Zodiac. It spans 180ยฐโ€“210ยฐ celestial longitude. Under the tropical zodiac, the Sun transits this area on average between (northern autumnal equinox) September 23 and October 23, and under the sidereal zodiac, the sun currently transits the constellation of Libra from approximately October 31 to November 22. The symbol of the scales is based on the Scales of Justice held by Themis, the Greek personification of divine law and custom. She became the inspiration for modern depictions of Lady Justice. The ruling planet of Libra is Venus. Libra is the only zodiac constellation in the sky represented by an inanimate object. The other eleven signs are represented either as an animal or mythological characters throughout history.

The Goal

The How

Libra is made up of three parts that will work together to create a more inclusive financial system:

  1. It is built on a secure, scalable, and reliable blockchain;
  2. It is backed by a reserve of assets designed to give it intrinsic value;
  3. It is governed by the independent Libra Association tasked with evolving the ecosystem.

The Details

Here is the link to the detailed whitepaper. Warning to the reader, there is nothing of actual interest in there.

My Thoughts

Mark Zuckerberg and Facebook need less control over humanity, not more. People adopting Libra would only serve to exponentiate the perverse impacts of the global panopticon that is wrapping its mortifying nail-bitten nubs around humanity as we speak. Allowing Facebook control over individuals money would quickly lead to Facebook controlling a new global money supply competitive with the US Dollar. This is a terrifying proposition to consider.

However, there is a massive silver lining to all of this. With Libra, Zuckerberg may have finally found his Icarus moment. Libra will undoubtedly arouse suspicion and fear in some of the idiots that sit atop governments all around the world. Libra might be exactly what is needed to prompt governments to reign down some long overdue fire and fury upon the boy-emperor.

The most strategic way to slaughter an overwhelming foe is to whisper fear, envy, and hatred of him into the ears of his equally dangerous cousin.

Perhaps US regulators, whose power is derived directly from US Dollar dominance, will begin taking the threat more seriously now that Zuckerberg has gone too far.