Of course many users will get to this trap and it will be difficult if one of our friends will get scam by this coin. I should tell my friends and relatives with this info. BTW, do you have link to this news so to stand the claim?
Anyway, I will look for the facebook team official statement or may try to see of they are running a stable coin for facebook. Who knows this trap might not be a real trap.or.this could.be mean that a protest against facebook coin.LOL
if visa and paypal inside hugeeeeeeeeee red flag even more people dont make money from stable coins and there is most of the time need to middle man .
real crypto stable coin peer to peer work on smart code which reduce or produce coins supply relative to buy or sell fo the coin and by this the code keep the coin stable and backed by it self and other shit scams
go to reddit million of people what think on the scam of facebook coin.
summery
stable coin dont make profit, already explained what is REAL CRYPTO STABLE COIN PEER TO PEER which backed by it self code the other is complete shit, the other stable coins which not work on smart code need middle man. without the visa and paypal involvment expert blockchain stay away from all stable coins even the real one that work on smart code which dont need middle man but heck when visa and paypal inside it hugeeeeeeeee scam
some explantion for noobs
very true bro when he say its really not decentralized its becuase he some how cannot figure by him self how tech work very simple
to help other in the same position
all came from peer to peer file sharing like napster which was illegal.
peer to peer in reality its computer to computer without middle man like file sharing peer to peer= decentralized tech
so when he say its not really decentralized there is no defention to this why either it yes or not, ether it peer to peer or not very simple.
in file sharing peer to peer some computers hold more info to share then other this is make it some how centralized off course not its the nature of peer to peer decentralized tech.....
the same with bitcoin peer to peer or computer to computer(wallet to wallet) some hold more bitcoins some less like file sharing peer to peer, so when he say its really not decentralized he mind dont understand tech very simple, its decentralized because it peer to peer very simple and peer to peer tech some peer hold more and some peer hold less if it money like bitcoin or file sharing or other stuff.
peer to peer or computer to computer which the same meaning called decentralized-------------->>>
as smart mind know the idea of peer to peer money came from the idea of peer to peer file sharing but lets go more deep for a second,
from where the idea of peer to peer file sharing come, before this was central server/s(central tech) which hold all the movies and mp3 music and other file like software and so on,,,there is no private computers act as server(peer computer), which mean the governments shut down preety fast the main servers that hold all the info which is easy for them but when its peer to peer and there is not central server they need to shut down miilion of computers which share and act as peer on the world and this is impossible as we know
....
for all the noobs here its great start point to get deep and get simple idea from where and why and where its lead us