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.
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
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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