Post
Topic
Board Economics
Re: Would you use FB's Libra?
by
FLoving
on 22/11/2019, 17:43:42 UTC


With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.

Would the people actually use Libra should it be approved by the congress?
Right now no one know that will it get approved by the congress or not! In the same way we cannot say that how will it work and how much will people trust on that coin. Many experts are from now suggesting them to adopt bitcoin which I also think that it will be good for all of us.
People also are worried about Libra because they think that the privacy on facebook is not much secured. It is also considered as a centralized coin and the crypto community want to adopt only decentralized currency.
I've never heard any expert from when talking about Libra trying to mention bitcoin or even recommends us to adopt bitcoin by any means. Even Libra is not approved because it could potentially become a danger for the national currency and bitcoin which is decentralized can't go anywhere if the government have that idea.
I head about that in an article I will try to search that for you. Plus Libra can be dangerous for national currency but it cannot be dangerous for bitcoin because bitcoin is a master coin of the crypto world and it will remain master for lifetime, as it is already an established coin and when facebook will start libra and will list that on crypto exchanges then all the users of facebook will go there for libra and as libra is stable coin so when seeing bitcoin with rising price all of them will adopt bitcoin and will invest in it.