Headline July 05, 2019/ '' 'SKEPTICISM -LARKS- SCULPTURE' ''

'' 'SKEPTICISM -LARKS- SCULPTURE' ''

THE NEW YORK TIMES : The Proud World's greatest leader of the free world in articulating ethos.

It is the greatest of honors of The World Students Society to nominate *The New York Times* as the first honorary, life long member of Larks.

And with that The World Students Society rises to give this great newspaper, a standing ovation.

The great students of America : technologist Shahzaib Khan, Jordan, Bilal, Salar Khan to ensure that the Editorial and Managing Board of The New York Times is informed with our esteemed respects and wishes.

LARKS, - WHEN LEGALIZED, authorized and regulated will belong to the Students of the World. Total ownership and total power lies with the students.

YOUR data and privacy is totally, 100 percent, 100% protected on The World Students Society. Your data is owned by you, and protected by you to your entire satisfaction and delight and use.

By 2030, Larks will generate globally, millions of internships and jobs. All net revenue streams, owned by the students. Your elected bodies will know how to get the wealth impact your lives, the entire world over.

Larks Charter, written by the students, and approved by the students, and executed by the students, and students alone. Cryptos ethos will ever be honored and built by the students of the world.

Facebook had hoped its partners could help Libra handle some of the critics and give the project some distance from the social networking giant and its recent legal problems. But even before the project began, potential partners had their own concerns.

FACEBOOK approached a number of big financial companies, including Goldman Sachs, JPMorgan Chase and Fidelity, about participating in the project, according two people briefed on the discussions.

The financial companies declined to join, in part because of regulatory questions about cryptocurrencies, the people said.

Press officers for the banks all declined to comment. A spokeswoman for Fidelty said the company was continuing to monitor the project.

Facebook did manage to sign up two big credit card companies, Visa and MasterCard, as partners. But MasterCard was one of the last companies to commit, according to documents shared with other partners that were described to The New York Times.

If Libra succeeds at one of its goals - reducing the cost of making digital payments - it could pose a challenge to partners like MasterCard, Visa, Stripe and PayPal. But executives of the payment companies said that rather than staying away from Libra, they wanted to have a role in its creation.

Partners like Uber or Spotify, which could benefit from lower credit card fees, were more enthusiastic.

The largest American cryptocurrency company, Coinbase, was one of Libra's 27 initial partners .

But when the partnership was announced internally, several Coinbase employees expressed concern about their company joining forces with a giant company like Facebook with a spotty record on issues that matter to cryptocurrency fans, like privacy, according to two company employees.

A spokesman for Coinbase declined to comment.

Joe Lallouz, the chief executive of Bison Trails, another cryptocurrency company that joined Libra as a partner, said he was also skeptical when Facebook approached him.

My initial reaction was : ''You don't have the best track record from a data privacy perspective,'' Mr. lallouz said in an interview after the announcement. ''Facebook's reputation around data privacy and being trustworthy is against the crypto ethos.''

But. Mr. lallouz said Facebook had shown that it was serious about protecting the privacy of its users, in part by ensuring that it does not have too much control over the project.

Facebook executives said the design of Libra was inspired by the decentralized structure of Bitcoin,  with governance given over to the association., in which Facebook will only have one vote out of potential of 100 partners.

''Already, they are relinquishing control and ownership over this, which is huge,'' said Mr. Lallouz.

The partners are expected to meet in the coming months to write a charter that will govern the association.

''This is a huge opportunity but there are a lot of details that will need to be worked out,'' Mr. Lallouz said.

With respectful dedication to The New York Times, Facebook, and its potential Crypto partners, Students, Professors and Teachers of the world.

See Ya all on Facebook, The World Students Society, prepare and register for Great Global Elections on : wssciw.blogsspot.com and Twitter- !E-WOW! - the Ecosystem 2011:

''' Gray Wolf '''

Good Night and God Bless

SAM Daily Times - the Voice of the Voiceless