Soon, social distancing will prevent people from using actual cash. And global currencies may collapse under the strain of COVID-19. I think people will start flocking towards crypos like #Libra. $LIBRA $FB
I agree that #Libra's biggest obstacle is Facebook's credibility issues. But beyond that, I liked the idea of a regulatory body and being pegged against a basket of stable currencies. Bitcoin may be a great bet as an investment, but it's volatility makes it horrible as an actual digital currency.
You make an excellent point - I often wondered why anyone would actually use #bitcoins to buy items (except for criminals of course), when it is so volatile. It reminds me of Germany's currency after World War I when people never knew how much their money would by the next day. #Facebook's #Libra is a stale coin which makes far more sense to me. Will $NCTD's Flip Pay be compatible with that?
Thanks @[Mark Borkowski](user:33539), this is a lot of pertinent info that was not in the original article but important to know! Makes me realize the hype over #Facebook's #Libra may be more overplayed than I realized. $FB $LIBRA
Yes, some people don't trust #Facebook with their personal data (nor any other site). But FB has millions of users. If only a fraction adopt #Libra, it will be highly successful. Plus their platform will likely get many to use it, as opposed to just holding it for investment purposes. A stable coin is quite an intriguing idea. And Facebook has real expertise in taking an idea and turning it into a powerhouse. So yeah, I think Libra could be big! $FB
Someday the knuckleheads that run the #crypto world will actually figure out how to not look like fools every time volume picks up. I was never seduced to party in that space. The whales are in control and you,lowly trader are at their mercy...no thanks. As far as $FB, everybody with a pulse knew of their plan for #Libra a year ago. #Bitcoin flew because of the Chinese's capital concerns amid a global currency issue. Confluence, in other words.
Libra logically should have trashed or maybe crashed the crypto world as it will have the scale to dominate with a STABLE currency protected by an independent group of accredited validators - FB being only one of them. They will be able to handle 1000 transactions a second as opposed to Bitcoin that can only handle 7. True you won't be able to trade Libra as an investment asset. But given the way Bitcoin behaves whenever it rallies, maybe that's a good thing.
I'm no fan of #Libra, but to play devil's advocate, #Bitcoin and other #cryptos are already used for drugtrafficking, money laundering and other criminal activities. So what's one more option for the crooks to have at their dispoisal?
You presume they didn't know about it til now. I don't agree, Everybody knew. They had to wait til Zuck made it public.They will kill #Libra. The govt doesn't want a currency in the private sector. It could be used for drug trafficking, money laundering, etc. and like you say, where $FB goes, $AAPL, $GOOG, $AMZN could follow. They'll try to squash it like a bug.
Libra Is Coming: Will FB Liberate Or Liquidate The Crypto Market?
Soon, social distancing will prevent people from using actual cash. And global currencies may collapse under the strain of COVID-19. I think people will start flocking towards crypos like #Libra. $LIBRA $FB
Why Facebook's Cryptocurrency Libra Wasn't Well Received
I agree that #Libra's biggest obstacle is Facebook's credibility issues. But beyond that, I liked the idea of a regulatory body and being pegged against a basket of stable currencies. Bitcoin may be a great bet as an investment, but it's volatility makes it horrible as an actual digital currency.
NXT-ID’s Crypto Play Awaits Traction Amidst Delisting Warning
You make an excellent point - I often wondered why anyone would actually use #bitcoins to buy items (except for criminals of course), when it is so volatile. It reminds me of Germany's currency after World War I when people never knew how much their money would by the next day. #Facebook's #Libra is a stale coin which makes far more sense to me. Will $NCTD's Flip Pay be compatible with that?
Libra: Facebook’s Audacious Bid For Global Monetary Control
Thanks @[Mark Borkowski](user:33539), this is a lot of pertinent info that was not in the original article but important to know! Makes me realize the hype over #Facebook's #Libra may be more overplayed than I realized. $FB $LIBRA
Could A Cryptocurrency Become A Global Reserve Currency?
What about the concept of a stable coin. For example #Facebook's new #Libra. $FB.
Libra: Facebook’s Audacious Bid For Global Monetary Control
Yes, some people don't trust #Facebook with their personal data (nor any other site). But FB has millions of users. If only a fraction adopt #Libra, it will be highly successful. Plus their platform will likely get many to use it, as opposed to just holding it for investment purposes. A stable coin is quite an intriguing idea. And Facebook has real expertise in taking an idea and turning it into a powerhouse. So yeah, I think Libra could be big! $FB
At Our Doorstep
Someday the knuckleheads that run the #crypto world will actually figure out how to not look like fools every time volume picks up. I was never seduced to party in that space. The whales are in control and you,lowly trader are at their mercy...no thanks. As far as $FB, everybody with a pulse knew of their plan for #Libra a year ago. #Bitcoin flew because of the Chinese's capital concerns amid a global currency issue. Confluence, in other words.
Libra logically should have trashed or maybe crashed the crypto world as it will have the scale to dominate with a STABLE currency protected by an independent group of accredited validators - FB being only one of them. They will be able to handle 1000 transactions a second as opposed to Bitcoin that can only handle 7. True you won't be able to trade Libra as an investment asset. But given the way Bitcoin behaves whenever it rallies, maybe that's a good thing.
The Libra Win-Win and the Markets’ Third Wave
I heard Stanford University is creating a #Libra competitor.
The Literally Making Money Edition
re libra podcast..the guy was wrong. #Libra will be USD backed along with a basket of fiat currencies.
The Libra Win-Win and the Markets’ Third Wave
I wonder if #Libra will have any real competition. Even #Bitcoin would have a hard time competing against #Facebook.
The Category 5 Freak-Out Over Libra, Facebook’s Digital Currency
I'm no fan of #Libra, but to play devil's advocate, #Bitcoin and other #cryptos are already used for drugtrafficking, money laundering and other criminal activities. So what's one more option for the crooks to have at their dispoisal?
The Category 5 Freak-Out Over Libra, Facebook’s Digital Currency
You presume they didn't know about it til now. I don't agree, Everybody knew. They had to wait til Zuck made it public.They will kill #Libra. The govt doesn't want a currency in the private sector. It could be used for drug trafficking, money laundering, etc. and like you say, where $FB goes, $AAPL, $GOOG, $AMZN could follow. They'll try to squash it like a bug.