Post
Topic
Board Economics
Re: Would you use FB's Libra?
by
Karmakid
on 12/12/2019, 09:24:40 UTC
We don't know if people will use the Libra coin or not because this coin hasn't been released yet and still cannot be accessed by investors, the coin is still in the process of forming both from the system sige or other aspects, so we can't decide if the coin will be used  or not
Libra is designed for people to use, so even at this development stage we already know how to use it.

and to answer @op's question, I think it will only be used by people getting a contract to launch their ads on facebook.
Or maybe the facebook influencers that Facebook pays for their video and much more.


I'm just hoping that libra will come true in which it's been too long since they've been started. Many of us will benefit the libra project because most people around here in the community already know and use the facebook and it will definitely each of us can easily to learn the benefit of libra coin here in crypto currency community.
having a facebook account means it must automatically use libra too, maybe later on facebook there will be a task to get libra coins for free as if it's enough to be active on facebook.
and yes, libra most likely will be used on facebook to influencers and ad payments.
but unfortunately at this time it's only speculation because we don't know the details when libra will be released to the public.
If that happens, I will buy libra coins right now. Since I am also a social media user particularly in facebook. I can't stop working with their free tokens if ever it might have. I can browse my fb for one whole day and if there is mini airdrop to boost Libra's identity then I will be the one that will participate. However, fb can advertise their token without give aways for task.
Last announcement from Libra team they have allowed and get permission from united state government to allow and give space for Libra become legal currency payment in United State, I like Libra become legal currency payment and investing because many investor have wait when Libra announce to public and when we can invest with Libra coin.

Lol. The thing is, not much people is even using bitcoin yet. In general, even if libra stays true to it's use, majority of the people would still see it as something like a store of value. Personally, at this time,if i have a decent stash of libra, i won't use it yet. It stays in my wallet until the time that it's value is either suffecient for me to take profit, or stable enough to use for actual transactions.
Facebook's cryptocurrency Libra is a stable coin so even you have a lot of libra in your wallet, it will still be the same value even after a lot of years has passed by. It is only good for making purchases online but if you wanted a long term store of value then you will still go back to bitcoin or other cryptocurrency because they are the ones who are only can go up in value which gives you profit.