Libra - A global cryptocurrency by Facebook

@rhoover Not your keys, not your crypto

Compete with Bitcoin & say Why its better. Overhaul FB Organz

Pros:

same old E currency

Cons:

FB privacy & censorship issues, covering for terrorists etc & inaction

Project already getting shot down: https://www.cnbc.com/2019/06/18/...

The ad kinda reminds me of something

I would have expected a better logo.

There is a small cap cryptocurrency project called as Social Send. Even with lack of resources, they are the first one to release social send platform connecting facebook, twitter, discord, email etc. and one can send money from one account to another easily. I like their concept from the beginning, I still believe on them as they have made too many partnerships and progress even on bear market. What I think is, facebook can approach them and grab the community, trademarks and release it with Social Send name. Thats much catchy and it describes its purpose. Link : https://socialsend.io and https://socialsend.net I prefer them because they dont need any KYC info from user. Just the issue with their volume and lack of some million $ marketing. PROS OF LIBRA : > It will give much exposure to cryptocurrency market. > It will solve issues of international payment. > Huge partnerships with big entities. CONS OF LIBRA : > Its value with inflate with inflation on USD, EUR, JPY and Interest rates. > Many people use cryptocurrency to have privacy but it may not be possible with Libra >> Not fully decentralized

Pros:

Good for cryptospace

Cons:

Copy of SOCIAL SEND ; with additional level of centralization. Low cap VS Billionaire...

Fb trying to make "Blockchain" and "crypto " buzzwords to attract investors ...

Pros:

Nothing

Cons:

NoT Ttrustworthy

Am I the only one who trust Facebook? I know there have been issues with privacy, and they took advantages of loopholes, but I imagine this was from the commercial area and its hard to not approve those kind of advantages. As an advertiser I'm aware of all their new politics, regulations and overall changes. So yes I believe they should have a second chance of your trust

No and no

Pros:

Good topic to discuss with people

Cons:

This is how cyber punk begins.

And.. all it takes is 10 million USD to be a validating node WITH voting privileges. Someone at Facebook doesn’t really know how blockchains/stacks work or.. thinks that everyone else doesn’t know either. And there were 56 authors to this paper.. Ha. If only the pyramid schemes of the 90s knew about this aye? :D https://libra.org/en-US/wp-conte... Founding members: The initial members of the council are the Founding Members and serve as the network's initial validator node. To be such a node, an entity needs to make an investment of at least $10 million in the network through purchasing Libra Investment Tokens. Each $10 million investment entitles one vote in the council, subject to a cap (see below).