Libra: Crypto currency backed by FB. Thoughts?

Jun 18, 2019 18 Comments

What are your thoughts after today's announcement?

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TOP 18 Comments
  • Google
    nrvD43

    Go to company page Google

    nrvD43
    I am not going to use it but I think it's great that Facebook is taking the initiative & risk in tackling this as a big tech company.
    Jun 18, 2019 0
  • Amazon
    MemeMagic

    Go to company page Amazon

    MemeMagic
    Last thing we need is for Facebook to be involved with banking
    Jun 18, 2019 4
    • Amazon
      MemeMagic

      Go to company page Amazon

      MemeMagic
      Anyone who wants to, just add to the list. You guys have a huge trust problem to the point where you are investing in antitrust lawyers (no pun intended I know they are slightly different things). This is a bad time to launch a currency IMO
      Jun 18, 2019
    • Thanks for sharing and sorry to hear you feel way, hopefully we can regain your trust. Libra isnt run by fb though.
      Jun 19, 2019
  • Proud, no matter how it ends up with, simply one of the biggest innovations these years.
    Jun 18, 2019 3
    • Uber
      yo-yosw

      Go to company page Uber

      yo-yosw
      How is it an innovation? Basically just P2P and digital wallet with its own currency.
      Jun 18, 2019
    • OP
      Stable coins are new in the same sense that social network was not new when facebook came into the picture (MySpace was there before) and apple came into smartphone market (Blackberry and windows mobile are the incumbents).
      The point is Facebook has the baked in user base of billions that can see wide spread adoption of crypto which so far has been relegated to a tiny subsection of enthusiasts and speculators.
      Integration with whatsapp and messenger will make it go mainstream and make it accessible to so many undeserved people around the world.

      That said, the road ahead is definitely hard and FB knows it. That's why it's working with partners and developing it in the open to assuage people of the trustworthiness of the company. The potential is huge and only time will tell if they can execute the vision
      Jun 19, 2019
  • I think they'll have a problem with trust.
    Jun 18, 2019 1
  • Amazon
    lrppskh

    Go to company page Amazon

    lrppskh
    This is the best.
    Thing.
    Evar.

    I am going all in.
    Jun 18, 2019 1