"Why or why not?"
I think Facebook will probably do well with their new crypto coin but personally wonder how they can be trusted with so much access to people's information in all aspects of life, and recent privacy concerns. Also with Whatsapp being included, an encrypted platform will it make it easier for dark forces to operate beyond the law? - Yeah, subscribing to the Libra coin and using it as a primary form of payment pretty much means signing away most of your privacy. 🤦♂️
Stable coin. Should have created a coin that uses Ripples XRP/technology, which is opening corridors around the globe this year . Therefore , you would have a technology that’s ready to go and is scaleable, available liquidity that transacts in seconds and is inexpensive. Stable coin seems complicated when it converts to the worlds different currencies. It’s not too late . Look into it. - Well, you're also describing the FB coin. It will be able to cross borders easily and instantaneously. It will also be less volatile than XRP, because it's a stablecoin that's backed by several global currencies.
Better prepared than I expected - Well they do have a substantial team behind them. Wouldn't expect anything less from Facebook! 👍
it is good news for all cryptocurrency lover. - They didn't mention anything about cryptocurrencies though. The only crypto jargon term that was used was 'coin'. In other words, no light was shone on the crypto space. 😔
there is nothing in the white paper to be impressed. also i agree with guys that its a centralised coin.. but am happy that finally a giant like Facebook has adopted blockchain technology. in coming doings i hope more companies will follow. over all this will bring more adoption for blockchain which i think is good.. get prepared to teach blockchain wallet to people around you. - The beginning of the revolution. ✊
I don’t know too much, conflicting information on Facebook cryptocurrency, don `t know what to think !!? - Keep reading! I would recommend first reading the whitepaper, then read other sources and opinions and then come to your own conclusions! 🤓
not decentralised. Owned by a corporation that sells secrets - Hahaha, the crypto space seems to be super anti-Facebook. 😂
sucks - hahaha why!
No, although it feels familiar. Like a lot of it has been seen and heard before. Think as a public we need to remember that they have no issue selling our data and thus, it just wise to stay away. - Yeah, I really hate that too. Like wtf, privacy pls? That's one of the reasons why I support privacy coins like Monero and Grin. 😬
Stable coin? At least 1 serious company creating a Stable coin can make crypto investment safer. - I think it's be better managed than *ahem Tet... 😂
It's nothing but a stable coin not impressive at all ! - One of the better ones imo tho. 🤔
Digital currency is definitely next up. - No doubt. 👌🏻