Quote from: VDraci on Today at 03:14:00 PM

Quote from: DashingAgent on November 30, 2020, 03:53:43 PM

If Facebook launches LIBRA then nobody will invest in it

Stable coins are created just to earn more bitcoins, Facebooks' aim is to launch a stable coin but I think people won't take any interest to invest in a stable coin because it will only offer benefits to facebook to earn more bitcoins, while the community and investors will have no benefits. I don't think that anyone will ever be interested to invest a penny in it.

All my other predictions come true (you may check bitcoin forum) but still there is no whale who ever donated a penny.

Probably but how are other stable coins like USDT making their money? I'm sure they aren't doing free work pegging digital currency to Fiat, what's more important to facebook is making more money out of libra, whether people invest or not is not the top priority, if libra can be available for traders on Centralized exchanges then that's all

Yeah I guess through commission or something similar is the way usdt could be making their money, between I assume libra already have institutional investors to fund the project so whether individuals invest or not won't be an issue to the development of the project.