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kushagra singh

Libra - A global cryptocurrency by Facebook

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Mudrex
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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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Bona

Shame on anyone who is upvoting. Libra is not a cryptocurrency, or a stable coin, or anything. It has nothing to do with the principles that started Bitcoin or Ethereum.

Pros:

I can't believe this crap is being upvoted.

Cons:

Libra has nothing to do with the principles that started Bitcoin or Ethereum.

Nicolas Morin
Elavenil
ContentPro
Good initiative by Facebook. Looks like Blockchain goes to mainstream. But the question is, will bitcoin survive in this crowd??
Andu Potorac
Fodeli
@elavenil_e If the store of value "story" sells, it should. Gold didn't go away just because we're using cash, both have their use-case.
Elavenil
ContentPro
@andupotorac good points! It’s a positive sign for crypto world.
Winson
@andupotorac @elavenil_e Sorry folks but Libra is not blockchain based. https://medium.com/@lopp/thought...
Elavenil
ContentPro
Nikolay Tsenkov
Trial Land
Question: - How is Libra a stable coin? Is it backed by securities?
Nikolay Tsenkov
Trial Land
Yes, it's backed by bank deposits and government securities.
Vamshi Vangapally
@nikolaytsenkov what would be it's price compared to local currencies? Like when used as payment or remittances on another country, how does the price change?
Edward Buchi

So where do I download their Node Kernel how do I setup a wallet?

Pros:

It's mission to achieve a global currency with a decentralised Blockchain as a strategy.

Cons:

For a Public Blockchain Network – they're very light on details on how one's on computer can be part of the network.

Dhiraj Bajaj
Emostatus
Its commendable that facebook has brought crypto to mainstream. But, I don't like the idea of Libra Associations, which are mostly big corps, that will be controlling the transaction validation network. Its not truly decentralised, but then there is no other truly decentralised crypto out there. Every crypto coin network has most of control under few mining families. Lets see how it plays out. Not really excited about this. I hope bit-torrent launches a crypto too. At least it will have the potential to be truly decentralised :)
Rohit Goyal
SatoshiGPT
@dhiraj_bajaj1 Bram Cohen started Chia. https://www.chia.net
Dhiraj Bajaj
Emostatus
Proof of space? Isn't more disk-space lead to control over network? enlighten pls.
Adi Suwignyo
Project good and like
Dun
Nothing in Libra has not been done by Alipay, other than writing blockchain and crypto everywhere on the website. Oh, and it will not be global if it will not be available in India and China.
Ian Hunter
Curating node owners is a really bad idea, totally defeats the purpose of a trusted, distributed blockchain.
Laion Azeredo

so...this comes from facebook

Pros:

It is a good and necessary thing for XXI century

Cons:

Comes from #FB

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