Libra (LIBRA)

 58% - 3 reviews
A simple global payment system and financial infrastructure that empowers billions of people
Category: Coin/Token

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avatar socsecadm 2 rated:

socsecadm posted on July 07, 2019 13:55:14

Very legit but the problem is dominance. It might lead to a monopoly or an oligopoly. It appears difficult to compete with such a large, dominant corporation. They have deep pockets and they might be willing to take great initial losses to drive out competitors.

avatar mistergrin 97 rated:

mistergrin posted on June 21, 2019 08:56:43

Libra isn't as shady as I originally thought. Here are some reasons why:

1) They are led by an independent association for which Facebook is only 1 member out of eventually 100.
2) They want to move to eventually a permission-less blockchain (though we'll see if that ever happens).
3) They wont be vetting developers so people can build whatever they want on top

avatar Dr. Doom 268 rated:

Dr. Doom posted on June 19, 2019 22:34:21

Facebook's long awaited "cryptocurrency". I am as good as 100% sure that this coin will not exit scam, so simply for that matter it can't really get the lowest confidence score. Besides that it is supposed to be backed by a basket of fiat currencies, which should keep the value of the coin relatively stable; for sure much more stable than many of the world's unreliable fiat currencies.

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