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Libra - A global cryptocurrency by Facebook

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Libra is one of the most anticipated product in blockchain space as it marks Facebook's entry in cryptocurrency. Libra already have major partners in industry and this project will make cryptocurrency accessible for billions of people in the world.

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Wow, I didn't think I'd wake up to this. So the response to concerns about privacy, security, and antitrust turned into Facebook deciding they wanted their own universal currency? Whoever pitched that idea is beyond bold.
fwiw, they've been working on this for years. They have to.
hey ryan are you working for facebook?
Why do they "have to"? They continue to use their unfair advantage to build one-sided technology. Who is going to stop them? Is that what governments do?
Like other said, happy for the good what it can bring, but not happy because it comes from Facebook. I don't use Facebook, what next? I should be left out? The commercial says it includes everyone, but what about people actually blocking everything FB on network level? No Libra for them? I hate Facebook, never used it, never will, I even avoid working on React projects because of Facebook.
More colonization. Crypto is sooo unsustainable based on how much energy it needs. This is completely rubbish use of technology by an absolutely untrustworthy company.
Check out the latest news here
The initiative is great! Someone like facebook was needed to kick things off! If facebook can make this right then we potentially have one global currency!

There are already better solutions and more robust forms of digital scarcity. This is redundant shitcoinage. #deletefacebook

Pros:

really? Facebank? I see no pros. with Facebook's awful track record, this is the last thing the world needs.

Cons:

Giant conglomerate eating the world into oblivion.

Well, FACEBOOK & "SECURE" do not go hand in hand.
Alipay and WeChat Pay already solved the money-sending problem

"move fast and break things" combined with total power over your life

Pros:

Nothing

Cons:

The capstone of enslavement

Facebook's Libra is not a real crypto currency, it is Facebook-centralized and regulated tender.

Pros:

None

Cons:

Regulated and censored by Facebook/Calibra,.

Sure there is concern about Facebook's use of the data, but aren't the banks that take large % of fees from people transferring money worse?
Money transfers (which lower wealth people mostly use) have extremely high fees. See:
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