Quote from: LeGaulois on June 23, 2019, 03:56:34 PM

Quote from: mu_enrico on June 21, 2019, 03:29:43 AM

It is a stable coin with a consortium of big companies as the validator. If Libra reserves genuinely backed by a 1:1 ratio, then I don't see any serious problem. However, If they use the fractional reserve, I'm afraid inflation will speed up rapidly and take down the global economy (assumed Libra would become mainstream). Perhaps this situation is good for Bitcoin. People will realize that Bitcoin is the only non-debased currency.

Rather, we should be concerned about which companies are part of the consortium. It might also give a good idea for the future and explain what the OP wants to mean. I can guess already these companies. The same Zionist enterprises interested to rule the world on behalf of a few people.
A type of company like Facebook isn't designed for finance activity, it's my opinion. And I doubt it will be a success, FB has lost his credibility long ago

What I was trying to say was that, Facebook and Libra will not be at the core of imperial system, but on the outer ring, doing real work to support the paper money of the system, and taking the blame for any crisis. Let's face it, Mark is not exactly top-elite material!