Post
Topic
Board Economics
Re: Europe is against Libra. Who else?
by
darewaller
on 21/10/2019, 17:56:14 UTC
Actually we don't really know what the exact reason behind the creation of this libra. When mark zuckerberg was on trial because of personal information problems on facebook users, many people suspected that mark had had a special relationship with the government. But we should not be prejudiced againts facebook. My personal opinion is we don't need to argue about that statement will be changed or not, maybe it's better for us to focus on the main purpose of the creation of libra which is to reach the current unbanked population. I hope europe and all continent will accept libra because it can indirectly increase the price of bitcoin. I don't think that cryptocurrency pose a risk to consumer or financial stability, but I think cryptocurrency can improve the world economy if government regulate it in a good way.
I think that world creating a system for the unbanked is what is really getting Facebook into issue right now which is why the government don’t even want to accept the Libra coin because the number of the unbanked people is very high and majority of even the banked that has been looking for the opportunity to leave the system of government would actually go for Libra coin.

I really still don’t know if Libra coin will be able to make it with all these attacks, but I hope that they do make it because with the contribution of bitcoin and Facebook Libra coin to the economy, there is really going to be a very huge success in the adoption of cryptocurrency worldwide. Europe might be against the coin, but there is really nothing that I feel they can do about it, just like the US cannot do anything to destroy bitcoin.