Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Stable Coins Forum => Topic started by: Ozark on May 04, 2020, 01:31:18 AM
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John McAfee says, "Libra is a universal, digital identification that's going to be rolled into the cryptocurrency, meaning that everything that you do with that currency can be monitored and traced back to you."
Read the full story on COINTELEGRAPH (https://cointelegraph.com/news/mcafee-on-btc-exile-the-us-no-way-the-current-system-can-survive).
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Maybe it's more accurate in my opinion that LIBRA is an ID Card created by cryptocurrency, if this statement refers to a statement from John McAfee.
I also think that way because Facebook alone is a social media that can return to ourselves about your name, address, place, date of birth, siblings and even other personal things.
Libra might continue to be developed until whenever because we all know the person behind Libra is Mark Zuckerberg who is familiar with digital assets such as cryptocurrency.
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If Libra does appear, everyone will have the right to use this coin or not. Libra is a very scandalous coin that made a lot of noise in the entire financial world even before it appeared.
It is unlikely that this coin will already have that great significance in the financial sector, as it was previously planned. The massive emergence of stable national coins of the states will create very serious competition for Libra. Well, let this coin finally appear already, and then we can evaluate it.
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He is saying that crap things again, I'm still waiting for him to reveal who is Satoshi, LoL, this guy is becoming a joke in the crypto world.
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Libra was quite a scandalous project indeed, but it recently got a redesign (https://www.forexbrokerz.com/news/facebooks-libra-proposes-multiple-single-currency-stablecoins) to include multiple versions of the proposed stable coin, each backed by a single fiat currency like the Euro or the U.S. dollar so maybe the new version will be better accepted.
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The Libra payment system is built on blockchain technology to enable the open, instant, and low-cost movement of money. People will be able to send, receive, and spend their money, enabling a more inclusive global financial system.
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All because of the identification of the identity of each account that is on Facebook and it is definitely already listed on the accounts of each people.
Something valuable if LIBRA is able to maintain the identity of every account that exists because all the secrets are in a Facebook account.
It is true that LIBRA is universal, but not everything can be accepted in society because something valuable is always in conflict.
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Something specific about Libra can be said after this coin is issued and we can use it. Regulators did not like the fact that Libra was planned to provide too large a basket of different currencies. Since then, the concept of Libra has changed several times. Let's see what it will be in practice.
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It is unlikely that this coin will already have that great significance in the financial sector, as it was previously planned. The massive emergence of stable national coins of the states will create very serious competition for Libra. Well, let this coin finally appear already, and then we can evaluate it.
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After a lot of hype, we have not heard anything about the development and real prospects of this project for a long time. Libra met with very strong resistance from US and European regulators, after which the project was forced to undergo changes. It seems that now this project is more dead than alive.
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There is information that Libra will appear next month, that is, in October. However, it will no longer be the global stablecoin that was first advertised. It looks like it will be something in the form of a reward in the Facebook system itself. Let's see what happens.
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The Libra payment system is built on blockchain technology to enable the open, instant, and low-cost movement of money. People will be able to send, receive, and spend their money, enabling a more inclusive global financial system.
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Is this John McAfee's best sign for LIBRA?
Is this LIBRA's hope to launch in the market after the support of John McAfee?
If you can't compete with other cryptocurrencies, maybe LIBRA can't be supported by John McAfee!
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If Libra does appear, everyone will have the right to use this coin or not. Libra is a very scandalous coin that made a lot of noise in the entire financial world even before it appeared.
It is unlikely that this coin will already have that great significance in the financial sector, as it was previously planned. The massive emergence of stable national coins of the states will create very serious competition for Libra. Well, let this coin finally appear already, and then we can evaluate it.
Libra project has not been launch yet, much more been a scandalous coin. mate always verify your facts before posting ,
Now considering your second paragraph, "It is unlikely that this coin will already have that great significance in the financial sector, as it was previously planned". I put it to you that libra project is still not out on the crypto market