Impact of Libra on world economy?

Jun 18, 2019 15 Comments

Facebook just announced it's new crypto currency - Libra. What do you think will be it's impact on the world economy?

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TOP 15 Comments
  • New / IT
    jrg71

    New IT

    PRE
    Accenture
    jrg71more
    Bad idea. Controlled and governed by Facebook only. It is better to adopt existing cryptocurrency like Bitcoin or Ethereum.
    Jun 18, 2019 2
    • Deloitte dex
      Not really governed by Facebook. They have a bunch of tech companies with equal votes to each.
      Jun 18, 2019
    • New / IT
      jrg71

      New IT

      PRE
      Accenture
      jrg71more
      Sounds like it is similar to the Federal Reserve model. However, having a bunch of tech companies not necessarily translate to a transparent or fair system.
      Jun 18, 2019
  • Target audience is not USA. I would think borderline economies people could convert local currency to Libra.
    Jun 18, 2019 8
    • New / IT
      jrg71

      New IT

      PRE
      Accenture
      jrg71more
      Libra sounds like a marketing campaign. Why trust a Facebook product? How is Libra better than Bitcoin, Litecoin, Ethereum?
      Jun 18, 2019
    • Goldman Sachs 200W
      I don't trust it one bit. It just has more real world applications since it's stable in value and can be used for small transactions.

      The real cryptos are still undergoing their respective appreciation cycles before at some point in the future their value stablizes
      Jun 18, 2019
  • Google Jeremey
    Great idea and good for Bitcoin. Bad for third world dictators and their shit currency.
    Jun 18, 2019 0
  • New / Data
    ButterFang

    New Data

    PRE
    Mu Sigma Inc.
    ButterFangmore
    It's just a hideous attempt to tap new data wells in the name of providing banking to the less fortunate
    Jun 18, 2019 0
  • Goldman Sachs 200W
    Global remittance industry will certainly take a hit.
    Jun 18, 2019 0

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