What is Libra (Cryptocurrency)? — Friend or Foe?steemCreated with Sketch.

in libra •  2 months ago 

Facebook is launching their own cryptocurrency called Libra. But with so much misinformation on Twitter and the web, it's hard to figure out if Libra is a good thing for crypto or a bad thing. So in this video, we talk about the facts of what Libra actually is, why I'm a fan of the project, as well as some updates you might want to make to your crypto portfolio before Libra (hopefully) launches next summer! 🤞☀️🚀

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- Jon Cursi & the Cheddur Team ✌️

⚖️ Disclaimer: I’m not a certified financial planner / advisor / certified financial analyst / economist / CPA / accountant / lawyer. The contents of this video are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. By consuming this content, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found herein.
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excellent video, commented on youtube as well.

i think part of what you say rings true, they have the 2.7 billion odd people who currently don't use any other part of the internet but their gossip feed on facebook and no matter how much data they leak on their users people will just go with crowd sheep mentality when it comes to 'getting libra'

i also get the feeling that to build back in any trust and stay relevant they cannot afford NOT to have a crypto currency project at this stage -- the backers concern me because it feels like just a power play move of getting in bed with those that are already able to be manipulated and put in backdoors, it's almost like we are letting back in the middleman.

i think you nailed it about uncle bitcoin thou and his gold stash, first mover advantage here but heck, if libra also VALIDATES the need for digital global cryptocurrency i'm all for it, but it ain't gonna get me using facebook again -- i expect people who develop bridges between libra and projects and services they build out from now until libra is programmable will do very well out of it.

Great video!