Post
Topic
Board Altcoin Discussion
Re: Facebook Libra (or Globalcoin)
by
chaoscoinz
on 24/10/2019, 12:21:21 UTC
Hello guys,

could you please help me to better understand Facebook coming coin project?
I am interested in these topics.

1. Libra and Globalcoin is just the different name for the same Facebook coin?
2. Now on 18th of June Facebook want to reveal the Libra (Globalcoin) project, but the coins will not be in sale? The lunch/sale is planned for the beginning of 2020?
3. Do you know how it will be possible to buy Facebook coins? Will this coin be listed on marketplaces like Bitstamp, Kraken ... or will it be possible just via Facebook apps?
4. Will the price be somehow regulated by Facebook or will it be fully open as other cryptocurrencies?

thanks

Stilicho


Libra is similar to Paypal, it's a stable digital medium of exchange (stablecoin), with KYC & AML compliance, customer support, etc, except its a Blockchain run platfrom.
Right now, Libra is going through the motions of extreme regulatory scrutiny, regaurdless, it's still seems like a neccsessary step foward.
    I personally think that the Libra coin and project are whats needed to bring in a mass global level adoption of crypto-currency. I think the only way for Crypto-currency to truly succeed is to make a compromise with the big institutions, financial sectors, governmental bodies, and the common layperson who may be either a Luddite, impoverished, in a remote location, or just simply ignorant of the concept of Block-chain and Bitcoin.
   Facebook has an undeniable reach around the planet, their influence is up to 1 billion active users. I believe that in order to circumvent the adoption problem among ordinary people like grandma/grandpa, children, etc, you have to reach them through a medium that has a social impact upon them.  Although centralized, Libra seems like a good platform that has plenty of tools that could be utilized to educate people and spark interest and curiosity about other forms of Blockchain technology and crypto-currencies.