MY TAKE ON THE LIBRA COIN FROM FACEBOOK
It was recorded last year when facebook blocked all Cryptocurrency ads and it was a clear signal to the crypto world that Mark hate anything decentralized and months later, he lifted the ban and started working on his own coin. I have some questions, did Mark ever made a post about supporting the Blockchain Technology because I read in the Libra white paper where it was said Libra is a stable coin unlike some other Cryptocurrency. This to me is like fighting your own master ideology while still using his techniques.
Having Libra coin around is either going to destroy or reshape the crypto space and this will automatically make Mark the world richest man when the 2 billion facebook users adopt Libra and they will make money from transaction fees which will further increase his portfolio.
My problem with Libra as it was said on the white paper, that is going to with the Central government and banking institutions to be able to convert it to fiat, which means they will be checkmating if transactions made by individuals and the introduction of KYC, Government can track down senders.
Libra is a totally centralized coin which cannot gives us Freedom, it is still the same Government policies that will govern it.
What do you think of Libra?
Thanks for using eSteem!
Your post has been voted as a part of eSteem encouragement program. Keep up the good work! Install Android, iOS Mobile app or Windows, Mac, Linux Surfer app, if you haven't already!
Learn more: https://esteem.app
Join our discord: https://discord.gg/8eHupPq
Hello! I find your post valuable for the wafrica community! Thanks for the great post! We encourage and support quality contents and projects from the West African region.
Do you have a suggestion, concern or want to appear as a guest author on WAfrica, join our discord server and discuss with a member of our curation team.
Don't forget to join us every Sunday by 20:30GMT for our Sunday WAFRO party on our discord channel. Thank you.