US Congressman Warren Davidson from Ohio’s 8th congressional district has given reasons why Facebook’s Libra should adopt cryptocurrency Bitcoin instead of moving on to create Libracoin.
Speaking on “Noded Bitcoin Podcast” with host Pierre Rochard, the congressman said Facebook should jettison the Libra idea and adopt Bitcoin as a global currency.
He said Facebook should follow the likes of Cash App and some other platforms making use of Bitcoin.
Davidson spoke about defending freedom and the missing regulatory framework for the growing blockchain economy, laying emphasis on Bitcoin.
With @WarrenDavidson we discuss the relative liquidity of calibers (get some 9mm or .223), why Facebook should adopt Bitcoin instead of Libracoin, and the popularity of fiscal accelerationism on Capitol Hillhttps://t.co/KlSsINeB05
— Noded Bitcoin Podcast (@NodedPodcast) October 11, 2019
Davidson became a household name during the congregational hearing on Facebook’s Libra held in July, there he introduced the house to “shitcoin”, a statement attesting to the fact that the congress house understand the cryptocurrency terrain, if not deeply, to some extent.
The congressman emphasized the important characteristics of Bitcoin and laid much emphasis on the existing “shitcoin” attempting to destroy the cryptocurrency world.
He said at the time: “A lot of people in this space will use a phrase that you may be familiar with: there’s bitcoin, and then there’s shitcoin”.
Davidson’s assertion at the event signified that he’s a Bitcoin maximalist, as Shitcoin refers to other cryptocurrency aside Bitcoin (altcoins).
Yesterday, 14th October 2019, NewsLogical covered news detailing the involvement of two US Senators in the backing out of Libra’s supposed association members, like eBay, PayPal, Visa, Mastercard, and some other big backers.
These US senators sent letters to this payment firms threatening to introduce stiffer regulatory procedures if they fail to back out from the Libra Association.
Despite the threat and the decision by the payment firms to back out, Libra has formed the said association electing four members.