Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: CassiopeiaServices on June 20, 2019, 04:33:55 PM
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In this episode of the Financial Fox Crypto Show, PR guru Stefania Barbaglio discusses Facebook’s new cryptocurrency, Libra, with On Yavin, CEO of CoinIntelligence. On calls it “CRAP COIN”, a fake cryptocurrency that goes against all principles of the crypto world: it is centralised, and poses significant concerns on data transparency, data privacy, security and regulations. Experts have branded the move a dangerous power grab that marks Facebook's "most invasive" form of surveillance yet.
On the other hand, Libra could widen expose cryptocurrencies to billions of users and help push mainstream adoption of digital payments. A story to follow.
WATCH THE FULL INTERVIEW HERE :
READ THE FULL BLOG HERE : https://medium.com/@cassiopeiaservicesltd/facebooks-libra-sparks-privacy-and-security-concerns-f9aa51a9c3ef?postPublishedType=initial
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The effect of the king's power of social media is indeed like that because all Facebook data is owned by the Facebook server and then connected with Libra coins.
Then it will automatically connect user data from Facebook to the Libra blockchain, Facebook will definitely be centralized and the Libra of the cryptoucrrency is supposed to be Decentralization but the fact is indeed reversed
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I think that with the inclusion of Facebook's libra coins, it will really help or encourage developments in the world of cryptocurrency, and this is a very good thing to continue.
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Libra is good coin that have stable price and it's reliable due to to his supporters that is who are engage in his promotion
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It is very dangerous if decentralized is combined with Facebook because it's clear that Facebook has a database center.
If Libra coin is combined with Facebook and Libra coin networks, then the Facebook database will also be hacked.
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It is very dangerous if decentralized is combined with Facebook because it's clear that Facebook has a database center.
If Libra coin is combined with Facebook and Libra coin networks, then the Facebook database will also be hacked.
I don't think that networks of coin and Facebook servers containing personal data of their users are going to be placed in the same database center. Facebook's most valuable power is the big data of their users, because they are making money from it, so they want to keep it in a nice and safe and comfy place, so no one can use it beside them
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It can be said like that because until now LIBRA has not appeared on the market and has been overtaken by various altcoins that are already present such as Ferrum and Cartesi.
LIBRA is supported by Facebook but not strictly for listing on various exchanges, maybe it is better for LIBRA to get a cover of "coin that is only a dream".
Unfortunately, this dream was taken away by various factors so that investors now trust LIBRA again !!
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LIBRA is supported by Facebook but not strictly for listing on various exchanges, maybe it is better for LIBRA to get a cover of "coin that is only a dream".
Unfortunately, this dream was taken away by various factors so that investors now trust LIBRA again !!!
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I seem to be headed for the 50:50 thought.
50% if LIBRA will be able to compete in the market and Mark Zuckerberg will provide good news.
50% also LIBRA will be a coin that failed if Mark Zuckerberg just let it go without any renewable development.
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I am still not interested in Libra because the project is still not convincing until now there is no news anymore
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I think for now it is true that this Libra coin is a trap for all investors.
The trap is very sweet and tasty because in the name of LIBRA is a coin from Facebook.
It is true that LIBRA is a coin from Facebook but until now LIBRA has not been in the market yet and this is a complete trap, Shame!