Is it a good ideal to back Libra with Gold?

[kerjakuat]

This just another attempt to make more money from Mark. He want to make it backed by gold. Well i dont see any problem from it.. Libra already has a big name behind it.

[Paha87]

My opinion is why mark did not get involved with bitcoin. The thing is that he wants Libra to become a second bitcoin and more valuable and meaningful for all people. With his capabilities and finances, this can be implemented, but he and his team will have to try their best) good luck to Mark

[endlasuresh]

Stable and backed by Gold nothing beats Bitcoin and Libra may use those things or not , but they will change platforms once it is launched. I have seen some has disappeared as a partner and don't know how many have to follow like this.

[Fenix]

My opinion is why mark did not get involved with bitcoin. The thing is that he wants Libra to become a second bitcoin and more valuable and meaningful for all people. With his capabilities and finances, this can be implemented, but he and his team will have to try their best) good luck to Mark

No stable coin can be compared with bitcoin. These are completely different financial assets. However, they can compete with each other as a means of payment. In this regard, a decentralized cryptocurrency, including Bitcoin, has to withstand really fierce competition. However, I do not think that Libra will occupy a significant place among stable coins. Ahead, in all likelihood, will be stable coins from leading states such as the USA, China, and the European Union. Stable state coins are supported by the authority and financial stability of these states. And what can Zuckerberg guarantee with regular hacks of Facebook user data?

[damsix]

That is a good value for LIBRA which is supported by gold because now there are so many countries that throw away USD dollars because they have problems that are not good for investment.
We can imagine that if Gold was created to create LIBRA, I am sure that LIBRA will be a stable and equal coin in the reserve funds created by the LIBRA project.

[Alcor]

What kind of shell Libra will not wear, even gold, it will be a Zuckerberg coin anyway. If it goes bankrupt, the golden coating of this coin will also disappear.
We expect the appearance of stable coins of various states. It will be more reliable.

[therozaq]

Concerning the open letter from Steve Forbes tells mark zuckerberg to use gold back Libra cryptocurrency project why is that he never suggest to him about the use of bitcoin or the importance of using the valuable coin to back Libra cryptocurrency project , knowing that if he uses bitcoin to back Libra project it can be more valuable in the future time. You can read the full story here:
https://www.cryptoinformers.info/news/182-use-gold-to-back-libra-call-it-the-mark-steve-forbes-tells-facebook

I think  It is a good way,  If mark zuckerberg to use gold back Libra cryptocurrency project.  Libra will be more valuable and profitable.  Libra is one of very potential  coin.  But,  I doubt mark zukerberg will support the libra more.  Because I see libra ia struggling now.