Post
Topic
Board Economics
Re: Can Libra Disrupt The Financial/Economic System?
by
FaMouS8828
on 12/11/2019, 21:59:14 UTC
Maybe yes. (but I'm not sure yet). Libra is said to disrupt the financial system because it will potentially become a world currency. As far as I know, Facebook has launched a cryptocurrency called Libra since a few months ago. The aim is to make it easier for people to send money around the world.

No way, Libra can't disrupt financial or economic system, it doesn't have such power. Actually, Libra hasn't achieved any success at all and failed according to all expectation. Also, it will not become world currency. And what exactly that means, that will be officialy used in countries all around the world? I don't think so.

Facebook as a corporation has a lot of power, but the main question -  Do the people want to buy Libra? People buy bitcoin because want to control their money personally not with help of banks or government. People don't believe them and Libra will be 100% controlled by government. So,  we need this feature? I assume that no.