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Author Topic: Libra Renamed Diem Is Getting Back on Track in 2021  (Read 2291 times)

Offline Shahinaz

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Libra Renamed Diem Is Getting Back on Track in 2021
« on: February 12, 2021, 03:20:48 PM »
On Dec. 1, 2020, the Libra Association carried out rebranding and changed its name to the Diem Association. Many believe that this way, the project aims to distance itself from initial modelling of Facebook’s payment system.

This move should emphasize an updated and simplified structure of the platform as well as denote its “organizational independence.” The new name comes from a Latin word “day,” which is used in a famous saying “carpe diem” meaning “seize the moment.”

Thus, the Diem effort apparently symbolizes a fresh chance to save the initiative from regulatory pressure.

Speaking with Reuters, the Diem Association CEO Stewart Levey specified that “the original name was tied to an early iteration of the project that received a difficult reception from regulators.”

He also added that the organization is preparing to launch a single dollar-backed digital currency called the Diem Dollar. However, the launch day is yet unknown. The Diem Association is still waiting for the Swiss regulator FINMA’s approval to go ahead.

more  in: https://beincrypto.com/libra-diem-is-getting-back-on-track-for-2021/

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Libra Renamed Diem Is Getting Back on Track in 2021
« on: February 12, 2021, 03:20:48 PM »

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Offline mohdelayo

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Re: Libra Renamed Diem Is Getting Back on Track in 2021
« Reply #1 on: February 12, 2021, 10:22:13 PM »
Wow, it will really be awesome to see the Libra idea come to live after the serious backlash from the SEC and other financial regulatory agencies. I will gladly invest in the development of the Libra coin idea thus the rebranding is quite a huge development for myself and the general cryptospace.

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Re: Libra Renamed Diem Is Getting Back on Track in 2021
« Reply #2 on: February 19, 2021, 06:53:20 AM »
I thought that this huge article proposed for review will describe how DIEM got out of the problem with its twin, since it was recently established that one of the cryptocurrency companies in England has long been using a token named DIEM. Sometimes the name Diem was sometimes mentioned here, but Diem Dollar. Does this mean that this is the third official name for this future stablecoin?

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Re: Libra Renamed Diem Is Getting Back on Track in 2021
« Reply #3 on: March 12, 2021, 08:34:11 PM »
Name changes like this tend to seem confusing for me as I prefer the word LIBRA over DIEM.
The word DIEM is very foreign to my ears and very different from the LIBRA which is widely known around the world for the zodiac in October.
But I am sure that from all these word changes there must be something good for future planning for LIBRA.
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Offline Fenix

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Re: Libra Renamed Diem Is Getting Back on Track in 2021
« Reply #4 on: March 21, 2021, 12:33:00 PM »
Again we don't hear anything about Libra or Diem. Previously, Diem was supposed to be released in January, after the regulatory authorities in Switzerland will issue the necessary permits. What happened again with the release of this stablecoin is unknown. Again there is no information. As a matter of fact, I don't really expect from this coin. Just wondering. There was such a sensational project - and silence.

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Offline damsix

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Re: Libra Renamed Diem Is Getting Back on Track in 2021
« Reply #5 on: April 13, 2021, 10:42:17 AM »
Hopefully what Diem Association CEO Stewart Levey is doing can make a difference to DIEM in the future because it looks like DIEM is now difficult to enter the market.
At Coinmarketcap, this DIEM is only a display without any further information about, history, development, community, coin prices or anything related to DIEM.

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Offline Senin

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Re: Libra Renamed Diem Is Getting Back on Track in 2021
« Reply #6 on: May 15, 2021, 06:20:58 AM »
On May 12, the Libra Association again changed its plans to issue its stablecoin, Diem. They again changed their minds to issue their stablecoin in Switzerland and are returning to California under US jurisdiction. The association moves its business to the United States, where cryptodollars will be issued on its own blockchain under the license of Silvergate Bank. Hopefully these are the latest adventures of this as yet unreleased stablecoin.

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Re: Libra Renamed Diem Is Getting Back on Track in 2021
« Reply #6 on: May 15, 2021, 06:20:58 AM »


Offline Duckenth

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Re: Libra Renamed Diem Is Getting Back on Track in 2021
« Reply #7 on: May 26, 2021, 04:26:57 PM »
I still haven't seen the progress of this project, it seems that it is still less popular with other projects.  What is the problem with them, even though they have a lot of funds!

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Re: Libra Renamed Diem Is Getting Back on Track in 2021
« Reply #8 on: July 14, 2021, 06:46:01 AM »
On May 12, the Libra Association again changed its plans to issue its stablecoin, Diem. They again changed their minds to issue their stablecoin in Switzerland and are returning to California under US jurisdiction. The association moves its business to the United States, where cryptodollars will be issued on its own blockchain under the license of Silvergate Bank. Hopefully these are the latest adventures of this as yet unreleased stablecoin.
This is probably the only stablecoin with such an extensive roster of adventures, at a time when it was not even released yet. I periodically visit this section to see if there is any news with the release of Libra / Diem, but there are a lot of adventures, and there are no real steps towards its release for a long time. And the real need for the emergence of such a coin is already falling due to the fact that stable coins of the central banks of states will soon be massively entering this market, as well as with the approaching strict regulation of private and various commercial stable coins.

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Offline Tokenista - Rev. Sasha Van Kush

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Re: Libra Renamed Diem Is Getting Back on Track in 2021
« Reply #9 on: October 04, 2021, 08:49:55 PM »
We are creating a Network to show Facebook how to use Cryptocurrency and Compete with Diem. Mark Zuckerberg is thinking way too small with a single chain, and not attaching it to Facebook games at all.

April 08, 2021, 03:57:44 AM
"For 6 months we couldn't run ads.

When we finally could, we got great returns on her page with likes. We were about to be launching her soap line, then Oils, etc. Tradable for Crypto and on Etsy, a Beauty Line, but Magic, with Ancient Recipes from Spells, etc.

We make an Instagram.

All of it is systematically attacked by Facebook, we assume they thought I was some single guy pretending to be a Black Woman launching a Beauty Line. So we went to the BBB to settle it with Facebook.

They make a Commercial, never run before, asking people to run Ads, and saying bad ideas die, while ignoring the BBB."


My Wife and I are creating a Network to Compete with Libra/Diem and we are having issues with Facebook.
 
Originally posted
March 17, 2021, 03:56:29 AM a few days FORBES wrote an article about the Winklvosses Crypto efforts.
"Facebook is now allowing my Wife to comment on her own Instagram Pictures, but has yet to restore her Facebook Page
https://www.instagram.com/p/CMeXCjpA0vq/?utm_source=ig_web_copy_link

And attacking my Wife, a Black Woman, while launching a African currency (if they didn't give up), because, what? He's a nerd who invented a place to make his first friend? And bought a Virtual Reality Company?

Zuckerberg was only able to make Facebook because he is Anti-Social, that is what I meant when comparing him to Dan. And if not Anti-Social, just a Bro running a Virtual Reality company he bought on the website he buys his friends on. Because he had a bad time at Highschool and he might have even stolen the whole thing from the Vinklewosses, who have Gemini which he is probably watching and wishing he could be.

So instead he is literally attacking my Wife's company, and trying to prop up his failing idea with it, after renaming his failing brand "Diem"."


Jurisdiction for Lawsuits

28 U.S. Code § 1331 - Federal question

28 U.S. Code § 1337 - Commerce and antitrust regulations; amount in controversy, costs

28 U.S. Code § 1338 - Patents, plant variety protection, copyrights, mask works, designs, trademarks, and unfair competition

28 U.S. Code § 1343 - Civil rights and elective franchise

28 U.S. Code§ 1357.Injuries under Federal laws

28 U.S. Code§ 1366.Construction of references to laws of the United States or Acts of Congress

47 U.S. Code § 230 - Protection for private blocking and screening of offensive material

18 U.S. Code § 242 - Deprivation of rights under color of law
Whoever, under color of any law, statute, ordinance, regulation, or custom, willfully subjects any person in any State, Territory, Commonwealth, Possession, or District to the deprivation of any rights, privileges, or immunities secured or protected by the Constitution or laws of the United States, or to different punishments, pains, or penalties, on account of such person being an alien, or by reason of his color, or race, than are prescribed for the punishment of citizens, shall be fined under this title or imprisoned not more than one year, or both; and if bodily injury results from the acts committed in violation of this section or if such acts include the use, attempted use, or threatened use of a dangerous weapon, explosives, or fire, shall be fined under this title or imprisoned not more than ten years, or both; and if death results from the acts committed in violation of this section or if such acts include kidnapping or an attempt to kidnap, aggravated sexual abuse, or an attempt to commit aggravated sexual abuse, or an attempt to kill, shall be fined under this title, or imprisoned for any term of years or for life, or both, or may be sentenced to death.

United States v. Cantrell, 307 F. Supp. 259 (E.D. La. 1969)
Reitman v. Mulkey, 387 U.S. 369 (1967)
White v. White, 150 S.E. 531 (W. Va. 1929)
Pruneyard Shopping Ctr. v. Robins, 447 U.S. 74 (1980)

They can't claim A.I., we also contacted BBB about it
Domen v. Vimeo, Inc., No. 20-616 (2d Cir. 2021)

They did benefit from my Wife's likeness
Cross v. Facebook, Inc.
https://law.justia.com/cases/california/court-of-appeal/2017/a148623.html

The Winklevoss case
Connectu, Inc. v. Facebook, Inc. et al
https://dockets.justia.com/docket/massachusetts/madce/1:2007cv10593/108516

Looks like the U.S. Government is Recognizing it, this is a new case
FEDERAL TRADE COMMISSION v. FACEBOOK INC. 1:2020cv03590 (2020)
https://dockets.justia.com/docket/district-of-columbia/dcdce/1:2020cv03590/224921

This case is kind similar to Van Kush v. Facebook and Diem
Swift v. Zynga Game Network, Inc. et al 1:2020cv03590 (ND CA)
https://dockets.justia.com/docket/california/candce/3:2009cv05443/221703
Plaintiff alleged that Defendants utilized social networking sites such as Facebook and MySpace to lure unsuspecting consumers into signing up for services and goods that they do not want or need.

This is Facebook being sued for letting people use other people in ads, and resolving it by creating new features acknowledging the phenomenon. This also gets to them trying to keep my Wife out of their Analytics system
Fraley, et al. v. Facebook, Inc., et al.
https://law.justia.com/cases/federal/district-courts/california/candce/5:2011cv01726/239253/368/

They used Private messages inviting ambassadors and explaining Color schemes, etc. and Public Ads, to then propel their business interests while attacking ours
Davis v. Facebook, Inc., No. 17-17486 (9th Cir. 2020)
https://law.justia.com/cases/federal/appellate-courts/ca9/17-17486/17-17486-2020-04-09.html

Facebook has lawsuits about how much they have to do to stop criminal acts, and that implies they should stop their Employees criminal actions against Customers also
Godwin v. Facebook, Inc., 2020 Ohio 4834
https://www.courtlistener.com/opinion/4794053/godwin-v-facebook-inc/?

Texas made a Law about it, we are in Texas
Senate Bill 2373
https://capitol.texas.gov/BillLookup/History.aspx?LegSess=86R&Bill=SB2373

April 11, 2021, 05:26:55 AM
One time I was talking a guy from Gambia, and he said after a few weeks of knowing each other "I like talking to you, everyone else asks me about the Elephants in Africa. The first time I saw and Elephant was in Atlanta, at the Zoo".

That is an example of what Mark Zuckerburg doesn't understand.

Public Service Announcement: If you think Black History consists of Jungle Tribes, Slavery, then MLK. I suggest learning about Marcus Garvey, Timbuktu, King Atlas, Mansa Musa, Aethiopia, Punt, etc, etc.

That is different.

This is why Theosophy is so well spread in India. It takes all the Gnostic Religions, Mystery Traditions, Occult, etc. And puts it together. The Empires converted everyone, Constantine Converted the Empire. And the Secret Traditions are essentially Hindu.

Mark Zuckerburg is like a Schoolboy with White Savior syndrome, he might think he is a God, but that is beside the point. He doesn't understand these things. Harvard itself is a little Racist (the recently changed their symbolism), also beside the point.

But he picked Water jugs on heads because he thought "everyone knows about that", and he didn't have something deeper behind that besides "Balance", and he didn't even call it Ma'at.

I do not think Oracle, the Tech Company, accidentally recruited Dravidians. If I'm racist, so are Visas saying Americans can't fill all the high skilled jobs.

Philostratus. in Vit. Apollon (Lib. II), says, "The Indi are the wisest of mankind. The Ethiopians are a colony of them, and they inherit the wisdom of their fathers." This Statement made in Ancient Greece, is him saying Aethiopians, had come there from India around 30,000 BC

Once everyone stops looking to Europe for Spiritual Wisdom and realizes Hindus are Practicing now the same basic Religion, with different primary Gods, as the Egyptians; the World will make a lot more sense to everyone. The Lotus, the Bull/Cow, the Sun, Moon, Planets, etc.

Silpa Sastra

He might as well call Libra and Diem "European Invader Coin". The names are European.
« Last Edit: October 05, 2021, 02:02:12 AM by Tokenista - Rev. Sasha Van Kush »

Offline Alcor

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Re: Libra Renamed Diem Is Getting Back on Track in 2021
« Reply #10 on: December 21, 2021, 04:03:53 PM »
Yes, this year the Libra / Diem stablecoin is back to square one: as it was not issued, it is still not. I even doubt very much that it will ever be released. Regulators in the United States and other countries are very closely monitoring events related to this coin and its relationship to Facebook. If there is even the slightest connection, this stablecoin will never appear.

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Offline mlawson71

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Re: Libra Renamed Diem Is Getting Back on Track in 2021
« Reply #11 on: February 07, 2022, 04:50:36 PM »
Libra/Diem is apparently over. The Diem Association is in talks with investment banks to sell off its intellectual assets and other property, according to new reports. So much about Libra getting back on track. This project seemed doomed from the start, lately.

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Re: Libra Renamed Diem Is Getting Back on Track in 2021
« Reply #12 on: February 10, 2022, 01:56:13 AM »
After the drop in the price of Meta shares, I didn't hear any more news about Diem or Novi. I am not sure if Facebook plans to continue developing this project for the crypto market, nor am I in favor of a crypto managed by Facebook, which has too many problems with user data.
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Offline Senin

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Re: Libra Renamed Diem Is Getting Back on Track in 2021
« Reply #13 on: February 17, 2022, 11:29:42 AM »
Libra/Diem is apparently over. The Diem Association is in talks with investment banks to sell off its intellectual assets and other property, according to new reports. So much about Libra getting back on track. This project seemed doomed from the start, lately.
It looks like the Libra/Diem project is entering a new stage in its existence, although this stablecoin has not been issued even after several years after the announcement of the launch of this project. His assets were recently sold by Zuckerberg to Silvergate Capital Corporation for $182 million. We do not yet know for what purpose the bank bought this project, however, probably not in order to curtail it.

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Re: Libra Renamed Diem Is Getting Back on Track in 2021
« Reply #14 on: February 23, 2022, 01:04:05 AM »
Meta has had business problems for a while now and it's been a long time since we heard about Dieam or Novi wallet from Facebook. I'm really worried about this project, in addition, legality is important to Diem's existence!

 

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