Post
Topic
Board Altcoin Discussion
Re: Why Do Crypto Enthusiasts Hate Facebook Coin?
by
ophyrim
on 25/06/2019, 08:46:13 UTC
I understand that Libra coin is "centralized", but so is XRP...How can you love XRP, but hate Libra coin? Granted, I don't support or like FB, but this is a giant step towards mainstream adoption. This is a HUGE turning point for this community. If you read the article linked below, you can see how many ppl despise this coin. They think that this is "bad" for the community, but in actuality this is a giant step towards mainstream adoption/acceptance.

https://tipestry.com/topics/5d11121313fe3c5fa63e0ffd/zuckbucks-are-bullshit

By the way Libra (Facebook coin) is a stable coin like tether or PAX (fiat stable coin). and all fiat stable coin must be centralized because they need backed by fiat and the company must prove it.