Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?
We all know that cryptos are not meant to be regulated in the way that it is being suppressed too much. Bitcoin itself was created because there is too much regulation and manipulation by centralized system. People uses cryptos to make easier transactions. And if the people are not comfortable with the nature of Libra, very few will supoort it. The integration itself is a good idea, but the implementation sounds off to many people.
No it wont sounds off to many people if we do just simply consider on how many people been using up Facebook entirely then recognition of Libra would be immense and
this might be the main reason why government already block it out because they do know the potential or things might happened if this would able to push through.
One reason is that it will open peoples eyes towards cryptocurrency even Libra is a highly centralized one but people curiosity would lead them to its origin.
No doubt Facebook has a huge rather the biggest number of users among social websites and a new creation from such a giant will spread the concept of digital currencies in world like fire spreads in the wild. However, investing in Libra is not a safe game for sure. I do not really know the plans but Mark will indeed get information of our assets as well. Government is playing this game so that ultimately we will go for Libra.