{"id":401615,"date":"2019-10-17T06:00:46","date_gmt":"2019-10-17T06:00:46","guid":{"rendered":"https:\/\/wncen.com\/?p=401615"},"modified":"2019-10-17T05:53:41","modified_gmt":"2019-10-17T05:53:41","slug":"us-congressman-says-facebook-should-use-bitcoin-instead-of-libra","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/us-congressman-says-facebook-should-use-bitcoin-instead-of-libra\/","title":{"rendered":"Pressure on Libra From U.S. Intensifies as Congressman Suggests Bitcoin Instead"},"content":{"rendered":"
The majority of US politicians are anti-crypto and Bitcoin. Either through fear, or lack of knowledge, they view digital currencies as a threat to their own system which is highly controlled and often manipulated. One congressman however thinks Facebook should dump Libra in favor of Bitcoin.<\/p>\n
Libra is Still a “Shitcoin?”<\/h2>\n
Ohio state congressman Warren Davidson achieved crypto infamy earlier this year when he labeled Libra a \u2018shitcoin\u2019. At the time he emphasized that there is no central authority that can filter Bitcoin transactions or dilute its value, unlike Libra. He added;<\/p>\n
\u201cAll these features are different from many of the things people call colloquially \u2018shitcoin\u2019, because the value can be distorted by a central authority, so people do really have their assets at risk.\u201d<\/p><\/blockquote>\n