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Author Topic: Is it a good ideal to back Libra with Gold?  (Read 4912 times)

Delgboke

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Is it a good ideal to back Libra with Gold?
« on: July 23, 2019, 08:09:58 am »
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
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Is it a good ideal to back Libra with Gold?
« on: July 23, 2019, 08:09:58 am »


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Re: Is it a good ideal to back Libra with Gold?
« Reply #1 on: July 23, 2019, 03:42:40 pm »
The problem with Libra is not what/who it is backed by, it's the government doesn't like Libra. Even with the current investors and partners, Libra would definitely win people's trust if it received a green light from authorities. However, gold backed is a great idea to make Libra more trusted and reliable.
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Re: Is it a good ideal to back Libra with Gold?
« Reply #1 on: July 23, 2019, 03:42:40 pm »

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Re: Is it a good ideal to back Libra with Gold?
« Reply #2 on: July 23, 2019, 09:38:32 pm »
I also think that the numbers of firms backing the Libra project would have been okay if government allow the project to start as planned. Gold backing may also boost the Libra coin, but i think that Libra has the capacity to grow whether or not there is Gold backings.

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Re: Is it a good ideal to back Libra with Gold?
« Reply #3 on: July 25, 2019, 09:55:17 am »
With many good companies support Libra, I think it is no need to back it with Gold. However, backing it with Gold is not a bad idea.

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IyemRoker

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Re: Is it a good ideal to back Libra with Gold?
« Reply #4 on: July 30, 2019, 12:30:30 pm »
Indeed, these suggestions are very good to do but return to Mark for the problem of using gold which is connected with Libra.
So it might be possible to say that Libra is stable with Gold being made with cryptocurrency brokers.

But I am not sure that this choice will be realized or not because Libra is indeed created on the basis of cryptocurrency.
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Re: Is it a good ideal to back Libra with Gold?
« Reply #5 on: July 30, 2019, 05:54:00 pm »
For Facebook, the priority is to organize the release of Libra, which would be approved by regulators. If this can be done on the basis of the fact that there are very big obstacles to the appearance of this coin, then it will be possible to think about its provision with gold, although I still do not see any need for this.

kent47400

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Re: Is it a good ideal to back Libra with Gold?
« Reply #6 on: August 03, 2019, 08:07:55 am »
There is no need for Libra to be backed up by Gold because at its base gold is a stable treasure.
But some say that Libra does have a basis for becoming a stable coin.

I do not know, I am also still uncertain about this situation because Libra is not yet born in this world.
         
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Re: Is it a good ideal to back Libra with Gold?
« Reply #7 on: August 13, 2019, 05:51:32 pm »
And if libra project finally survive all the challenges it currently facing, i personally think that Libra coin need not Gold backing. Facebook has the largest community that can back her Libra coin as it stand plus a host of big names in various economic sector of the world. In my opinion, this group of associates in business are okey as a backing.

 

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