Hey everyone.
Yesterday I've read
an article about European countries opinion on Facebook's Libra. There are a lot of negative statements about it. (Not without Trump's tweets, of course).
What's interesting - there were no official responce from Libra yet. But they still planning to launch it in 2020.
My question is - will launching Libra change the statement 'cryptocurrency is not money' in better way or it'll make worse?
I think people in Europe are just playing safe because Libra is a part of Facebook, which U.S. government would be involved in launching this project in 2020 that there would be a havoc in cryptocurrency, that is why a lot of people has doubts and do not agree in this project.
maybe they worry about their privcy.although there is no correlation between this projects with privacy.but the company behind that affraided .actually libra will be good representation from giant company that participate in blockchain developtment.market should be optimism while there is good sign for top company.
there IS a correlation between this project and privacy. I'm pretty sure that to own this coin they will definitely requires a data verification not to mention that there are something Facebook has done in the past which is considered as stealing data unbeknown by the user.
It's not about Facebook as a giant company participating in blockchain development that actually didn't take most of the people attention at the very least but the fact that Facebook has compromised and violating its user privacy in the past.
It's totally understandable if Libra is facing against the regulation backlash, they also attracting so much attention and that could be a good thing and a bad thing in this case.