Post
Topic
Board Altcoin Discussion
Re: Where is Facebook coin going
by
alyssa85
on 24/10/2019, 20:54:37 UTC
i know libra is going to be big, i am so positive about it but waiting for so long before lauching the coin is my concern. but i know all the delay is to give the best, so it wont end up OVERHYPED

I don't know why you are positive about it.

One thing that came out of his grilling by Congressmen:

https://techcrunch.com/2019/10/23/zuckerberg-testimony/

Quote
He wouldn’t commit to blocking anonymous wallets but he’s open to baking more anti-money laundering into Libra’s network

Congress is worried that as he knows so much about Facebook users, and refuses to allow the wallets to be anonymous, he'll use both sets of info (info about the users and about what is in their wallets) to bad purposes.

And they're right. Centralised coins are bad enough - but putting all that data in Facebook's hands is asking for trouble.