Quote from: seleme on June 27, 2019, 11:22:07 PM

Quote from: glennmatthew on June 27, 2019, 09:41:02 PM

Is Libra the first step for Facebook to take control of the world?

Lets think about the facts:
- Facebook has 1/3 of the world as its user base (2.4 billion users)
- Libra coin will be very easily accessible to all of facebooks users
- Libra coin will be a stable coin, price will not fluctuate providing users in 3rd world countries with a medium to store their wealth.

There are already countries (like venezuela) where a national financial crisis caused fiat money to lose all worth. In desperation people are moving their life savings to bitcoin... Considering that bitcoin is a hard resource for the average person to use, imagine how quick adoption of Libra will be. Libra will be available to use on every cheap smartphone. Developed by Facebook it is sure to be a very user friendly experience, everyone will be able to use Libra. People will use it like real money in every possible way through things like facebook messenger, online shops, international transfers, peer to peer transfers...

Facebook has penetrated our lives in almost all possible ways; relationships, news, entertainment, social gatherings, advertising... the list goes on. The only thing facebook still doesn't have control over is our money. Here comes Libra...

The snowball is rolling, it can not be stopped.

Imagine the world in 20, maybe 50 years.

With the addition of Libra, and a very smart plan for user adoption Facebook can rise to a position of such great power, that it will be in control of the whole world.

Your arguments make sense but you simply overestimate the possible consequences in my opinion. Facebook has a power to rule the social media pages and users, it doesn't make sense for average guy to get known by Facebook management. Libra will be drop on the ocean,the mass adoption will use these type of available tools for understanding the power of real cryptocurrency.

And facebook will be doing it right now through use libra and remember not only facebook and the latest news comes from EU banks to create an instant payment system. Facebook was thinking to take this as the best chance to start makes domination in crypto.
But at the same time, there will be another competitor too that will make a competition for facebook.