RE: FaceBook dabbling in the cryptocurrency Libra (≋)
For me I think it is a welcomed development in the sense that it enlightens the world about cryptocurrencies and the possibility it holds and that is where my positives ends for it.
I think with all I have read about it it is a centralized thingy and not a decentralized thingy. So there is going to be massive control of how things work on it.
People can get kicked out at will for speaking against their government, you can easily be traced and all your funds frozen.
It is an easy way of the same set of sh.t holes, sorry for the bad mouth. It's so painful that the same set of big players that have been frustrating the cryptocurrency community are the same set of people that are going to be big players in this so called cryptocurrency called Libra.
PayPal, MasterCard, VisaCard, Facebook, you name it, the wanted an end to bitcoin and altcoins, they encouraged governments to ban it or not accept it because they wanted to remain in control and control our money.
I don't intend buying any of it or getting involve in it, but I use MasterCard, VisaCard and PayPal and I won't be shock if they won't implement a way of linking them such that you're forced to own them.
That is my 2 cents worth of contribution to the discussion @lanjoseg. Nice article by the way. Cheers.
You hit the nail on the head, @ketcom. Good observation.
Hi @devann
I agree with your comment and it was what I thought after reading what our friend says @ketcom
Hi @ketcom
The more controls, the more will be the escapes to other sites your comment is very accurate and difficult to refute.
However, my grandfather was one of those old people who use some sayings to explain something difficult. And all those who bring facebook to the table and your comment brought me a memory of my grandfather who said:
"Son God made the goat's horn, and the man turned it around."
and even a drink was made ..
So we are always going to find the solution to the powerful ones that only want to control us.
Greetings friend.