Topic: Would You Trust Libra Coin With Your Money? - page 5. (Read 1182 times)
First and foremost when you say trust Libra Coin with your money, are you referring to people investing in the Libra Coin ? Investment has nothing to do with trusting the crypto coin. You don't need to trust the Libra Coin before investing in it. So far as there is an investment opportunity for a particular crypto coin, investors do not need to trust the coin before investing.
Digital currency Libra needs the global reach of Facebook to thrive, but its opposition is also driven by the social network. Controversy reigns as regulators assemble
By June 2019, there were more than 2,400 cryptocurrencies in circulation, with occasional daily launches. Most of them were almost useless, virtually no one knew of them, and they would never be. So when another –called Libra –was announced on June 18 in a white paper, you might have expected that it would not attract more attention than any of the others.
Yet Libra has received a huge amount of attention from the moment of its launch. The project made many of the same promises for most new digital currencies to venture: it would work more efficiently than existing payment technologies, avoiding the enormous spikes and falling in value that made Bitcoin, the first and best-known cryptocurrency, such a roulette wheel. More eye-catching was his pledge to reach billions of unbanked people around the world–people with little or no exposure to the global financial system–to open up vast new business and work opportunities for at least some of the world’s poor and revolutionize the global financial system.
One of the biggest supporters was the main reason people heard this time: Twitter. Freshly emerging from a seemingly endless series of data privacy controversies, the social media giant now emerged as the lead partner in a plan to create a new global currency alongside a consortium of other major tech, finance, and business firms, and vowed to carry it out in early 2020.
Clearly, Libra was attacked from all sides in the weeks and months following its launch. Cryptocurrency fans said that Libra was not a true cryptocurrency because it violates some of the basic principles advocated by the sometimes techno-anarchic fan base in the community–including the important distinction that Libra transactions still depend on confidence rather than mathematical proof.
Others attacked Libra as an accumulation of corporate power. Economists cautioned that it might challenge the influence of countries over their own monetary policy, thus undermining democracy. And lawmakers and regulators around the world came together to say they would launch investigations or take action against the fledgling currency before it even started.
Read more DoggBitCoin.Com
By June 2019, there were more than 2,400 cryptocurrencies in circulation, with occasional daily launches. Most of them were almost useless, virtually no one knew of them, and they would never be. So when another –called Libra –was announced on June 18 in a white paper, you might have expected that it would not attract more attention than any of the others.
Yet Libra has received a huge amount of attention from the moment of its launch. The project made many of the same promises for most new digital currencies to venture: it would work more efficiently than existing payment technologies, avoiding the enormous spikes and falling in value that made Bitcoin, the first and best-known cryptocurrency, such a roulette wheel. More eye-catching was his pledge to reach billions of unbanked people around the world–people with little or no exposure to the global financial system–to open up vast new business and work opportunities for at least some of the world’s poor and revolutionize the global financial system.
One of the biggest supporters was the main reason people heard this time: Twitter. Freshly emerging from a seemingly endless series of data privacy controversies, the social media giant now emerged as the lead partner in a plan to create a new global currency alongside a consortium of other major tech, finance, and business firms, and vowed to carry it out in early 2020.
Clearly, Libra was attacked from all sides in the weeks and months following its launch. Cryptocurrency fans said that Libra was not a true cryptocurrency because it violates some of the basic principles advocated by the sometimes techno-anarchic fan base in the community–including the important distinction that Libra transactions still depend on confidence rather than mathematical proof.
Others attacked Libra as an accumulation of corporate power. Economists cautioned that it might challenge the influence of countries over their own monetary policy, thus undermining democracy. And lawmakers and regulators around the world came together to say they would launch investigations or take action against the fledgling currency before it even started.
Read more DoggBitCoin.Com
who thought Libra wouldnt get attention? comparing it to these daily shitcoin launches seems pretty crazy lol
Libra is an instutional cash grab, like a bank
not a shitcoin cash grab. Of course it was hyped, its facebook, 1/2 our generation lives no that shit site 
this article seems like just a rehash of what we have been talking about for months now, when will these newbie crossposting shills learn?
you wont get our merit this way
I do not trust Facebook and neither should anyone here. They are a bunch of thieves who are always selling your Identity to big companies. It was in the DNA of the owner, who cunningly stole the idea of others.
They are always in the news for the wrong thing. Why? therefore anyone should trust their crypto Libra. It is not a currency meant to help the people but, to the company.
They are always in the news for the wrong thing. Why? therefore anyone should trust their crypto Libra. It is not a currency meant to help the people but, to the company.
I would trust Libra coin with my money. Because Facebook is trying to get regulatory approval and legal clearances before starting it up. So I am sure my money is not going to go anywhere!
I wouldn't trust Libra coin with my financial privacy. Because Facebook is trying to get regulatory approval and legal clearances before starting it up. So I am sure that my entire financial information with Libra will be shared to the regulatory bodies and enforcement agencies.
I hope you are getting my point!
I wouldn't trust Libra coin with my financial privacy. Because Facebook is trying to get regulatory approval and legal clearances before starting it up. So I am sure that my entire financial information with Libra will be shared to the regulatory bodies and enforcement agencies.
I hope you are getting my point!
Trusting Libra aside I am not entirely sure if I would trust the system that would allow libra to exist.
Think about it, this is a USA based company (Facebook) that is creating a new type of currency in the said country yet the country allows them because exactly what? Because, they will get some for free? Because, they have something to look forward for it?
I feel like if Libra is allowed that means SEC or some other people above SEC got some incentives for it in return. No country from USA would ever get my trust if they require governmental help, government only allows if they also get something in return. So, it is not about Libra or Facebook for me, it is about USA government, if it was another nation I may have considered using it for at least test purposes to see how it works.
Think about it, this is a USA based company (Facebook) that is creating a new type of currency in the said country yet the country allows them because exactly what? Because, they will get some for free? Because, they have something to look forward for it?
I feel like if Libra is allowed that means SEC or some other people above SEC got some incentives for it in return. No country from USA would ever get my trust if they require governmental help, government only allows if they also get something in return. So, it is not about Libra or Facebook for me, it is about USA government, if it was another nation I may have considered using it for at least test purposes to see how it works.
Digital currency Libra needs the global reach of Facebook to thrive, but its opposition is also driven by the social network. Controversy reigns as regulators assemble
By June 2019, there were more than 2,400 cryptocurrencies in circulation, with occasional daily launches. Most of them were almost useless, virtually no one knew of them, and they would never be. So when another –called Libra –was announced on June 18 in a white paper, you might have expected that it would not attract more attention than any of the others.
Yet Libra has received a huge amount of attention from the moment of its launch. The project made many of the same promises for most new digital currencies to venture: it would work more efficiently than existing payment technologies, avoiding the enormous spikes and falling in value that made Bitcoin, the first and best-known cryptocurrency, such a roulette wheel. More eye-catching was his pledge to reach billions of unbanked people around the world–people with little or no exposure to the global financial system–to open up vast new business and work opportunities for at least some of the world’s poor and revolutionize the global financial system.
One of the biggest supporters was the main reason people heard this time: Twitter. Freshly emerging from a seemingly endless series of data privacy controversies, the social media giant now emerged as the lead partner in a plan to create a new global currency alongside a consortium of other major tech, finance, and business firms, and vowed to carry it out in early 2020.
Clearly, Libra was attacked from all sides in the weeks and months following its launch. Cryptocurrency fans said that Libra was not a true cryptocurrency because it violates some of the basic principles advocated by the sometimes techno-anarchic fan base in the community–including the important distinction that Libra transactions still depend on confidence rather than mathematical proof.
Others attacked Libra as an accumulation of corporate power. Economists cautioned that it might challenge the influence of countries over their own monetary policy, thus undermining democracy. And lawmakers and regulators around the world came together to say they would launch investigations or take action against the fledgling currency before it even started.
Read more DoggBitCoin.Com
By June 2019, there were more than 2,400 cryptocurrencies in circulation, with occasional daily launches. Most of them were almost useless, virtually no one knew of them, and they would never be. So when another –called Libra –was announced on June 18 in a white paper, you might have expected that it would not attract more attention than any of the others.
Yet Libra has received a huge amount of attention from the moment of its launch. The project made many of the same promises for most new digital currencies to venture: it would work more efficiently than existing payment technologies, avoiding the enormous spikes and falling in value that made Bitcoin, the first and best-known cryptocurrency, such a roulette wheel. More eye-catching was his pledge to reach billions of unbanked people around the world–people with little or no exposure to the global financial system–to open up vast new business and work opportunities for at least some of the world’s poor and revolutionize the global financial system.
One of the biggest supporters was the main reason people heard this time: Twitter. Freshly emerging from a seemingly endless series of data privacy controversies, the social media giant now emerged as the lead partner in a plan to create a new global currency alongside a consortium of other major tech, finance, and business firms, and vowed to carry it out in early 2020.
Clearly, Libra was attacked from all sides in the weeks and months following its launch. Cryptocurrency fans said that Libra was not a true cryptocurrency because it violates some of the basic principles advocated by the sometimes techno-anarchic fan base in the community–including the important distinction that Libra transactions still depend on confidence rather than mathematical proof.
Others attacked Libra as an accumulation of corporate power. Economists cautioned that it might challenge the influence of countries over their own monetary policy, thus undermining democracy. And lawmakers and regulators around the world came together to say they would launch investigations or take action against the fledgling currency before it even started.
Read more DoggBitCoin.Com
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