Ever since talking to Andrew Hamilton (@apshamilton) at Steemfest in Poland several years ago, I was fascinated by the prospect of our community coming together to drag Facebook and Google into the dock to claim compensation for their attempt to shut down both free speech and cryptocurrencies during 'the great crypto crash'. The next hearing of the case is coming soon in Australia and I happen to be there too - what can we expect if half a Trillion USD leaves Google/Facebook as compensation to crypto holders?
The Jpb Liberty (@jpbliberty) project's assault on Facebook and Google, run by Andrew Hamilton and @brianoflondon (among others), might be one of the world's least understood and least known massive investment opportunities. Despite gaining some mainstream media coverage in the Daily Mail, the project remains almost totally unheard of outside of the Hive (and maybe Steem) blockchain communities, from what I can tell.
In case you are unaware, the gist is that the massive crash in Bitcoin and other crypto project's prices at the end of 2017 happened only days after it was announced that Facebook and Google were banning advertising of Cryptocurrency projects on their platforms. Since those platforms carried 2/3 of all internet traffic, it meant a major setback for projects seeking to gain public acceptance and focus.
The class action lawsuit that is now well under way, seeks to claim back compensation for losses made by the the entire crytpo world during that period. Not only did they apparently sink an industry just as it was gaining traction, but they (crucially) prevented their competitors (Such as Steem) from advertising on their networks, which is illegal.
The anti-trust (anti-monopoly) laws do not allow a business to prevent it's competitors from advertising on it's systems and this is what these companies did when they blocked Steem projects from advertising with them - both Google and Facebook operate social networks, just as Steem was.
The compensation has been estimated in the region of half a Trillion US dollars! While many have been sceptical that such a case would ever succeed, the reality is that the case is going ahead right now and gaining momentum.
Google and Faceook have both been the target of various governmental assaults, seeking to real in their power and so this class action lawsuit fits right in to the feeling of the moment in many halls of power.
One of the cutting edge aspects of the class action case is that a token has been created on Hive Engine just to handle the funding and reward payout from the case. So whoever holds the tokens when the case is finalised will receive an appropriate split of the payout. This makes the SUFB token perhaps one of the most undervalued assets on Earth!
We will have to wait at least a few more weeks to get an update on the class action case, but for now you can easily go and use some Hive to buy SUFB tokens on Hive Engine - if you, like me, think this case could well resolve in our favour.
It will be a major change in the right direction if the early adopters of crypto and innovators get a big financial boost coming directly from the mega corporations who have tended to most exploit people and shut down free speech online.
What would you like to see the crypto world spend half a trillion on? :)
Wishing you well,
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