Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: CassiopeiaServices on June 21, 2019, 01:09:50 PM
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The launch of the cryptocurrency Libra announced by Facebook earlier this week has prompted many discussions about the future of finance, particularly the role of cryptocurrencies. The project has grabbed the attention of regulators all over the world, most of them calling for the project to be delayed or even scrapped.
In the crypto space, some experts have expressed their disapproval over a big tech company entering the area, while also acknowledging that the launch of Libra could be a tipping point in the history of blockchain.
On the latest FinancialFox, crypto PR guru Stefania Barbaglio interviewed On Yavin, CEO and founder of Cointelligence about his views on Libra. He is an angel investor and serial entrepreneur with more than 20 years of experience in the tech industry. A leading authority on cryptocurrency, he is also a data-driven strategist.
“The new Facebook coin is a fake cryptocurrency. They are calling it cryptocurrency because it is a buzzword. It may be a digital currency, but it is not a cryptocurrency. It is a crap coin,” says On Yavin.
“I think that the positive side is that Libra will get so many people introduced to the new generation of digital payments and some of them will want to learn more about real cryptos like Bitcoin and Ethereum,” says On.
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"It is a crap coin," says On Yavin.
Very courageous On Yavin said like that but I'm sure On Yavin has a lot of evidence with his words and he is also an expert on cryptocurrency observers.
But indeed I was surprised by this remark and I'm sure this is the best choice for On Yapin at this time against Libra Coin.
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With the release of the Libra coin, there will be a very big potential danger that Facebook will become a structure in which all the most important confidential information about a significant part of the population of the Earth will be concentrated. To the information that Facebook now owns about several billions of its users, if you add information about their financial activities, then in one hand there will really be too much information about people. It is this issue that is being raised in some structures of the United States, let's see how it will be solved.
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Of course, to concentrate in one hands almost all the information about almost a third of the world's population, this is very dangerous. Possession of general information from social networks can not be combined with vdaddeniem about the financial transactions of these persons. This is a big step towards controlling people.
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Many are competing to create coins that have privacy and have a high level of trust and strong security.
But this Facebook will be a coin very contrary to privacy and this is not recommended for genuine cryptocurrency traders who have a characteristic, namely: privacy!