Earlier this week Facebook Inc. disclosed the first details of its take on cryptocurrency; Libra. Breathing new life into the cryptocurrency hype-train and forcing companies to reconsider the validity of the the cryptocurrency market, Libra launches next year with the promise of protecting customer information.

Libra will be an alternative to Bitcoin and its many competitors in a market that many consider to be oversaturated. Facebook hopes to use its unique branding to differentiate Libra from the competition; opening the world of cryptocurrency to a much wider base. Those who use Facebook Messenger or WhatsApp will have access to Libra once it launches.

Don’t understand cryptocurrency? Watch this Clickhole video where a man will mumble an explanation at you.​

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In all seriousness, accurately and fully explaining cryptocurrency falls outside the scope of this news piece. For those interested, I highly recommend this Investopedia article explaining Blockchain, the record-keeping technology behind cryptocurrency like Bitcoin and Libra.

Source

 

[notimp]

I agree with everything you said (except maybe 'the technologically fairly backwards US" in terms of transaction technology - because thats not really an argument for much.. (there is not a need per se - there would be other technologies... - this shouldnt be an argument for this form of crypto - right now)), I think you are correct.

I'm not versed enough in those matters to say for sure - though.

All I currently see in Libra is the generation of another world wide political tool, attached to a very select group of interests - with safeguards that are arguably pandering to previous decision powers.

And I see it attached to a company that arguably only can fail upwards, because of a flaw in human psychology. (Thats the cynical part.)

I've actively and personally seen political actors whistling whilest staring into they air, while they were personally prompted, by me - to answer me the question if now would be the time to regulate Facebook - and they were calmed by straight to their face lies from american political entities, which were so transparent, that they were laughable - while, the national experts on the topic, on the same stage stood by and said nothing.

I'm happy that thats not repeated on currency matters.

Bitcoin probably has a market cap it cant outgrow. As far as "more scalable" solutions are concerned its unimportant and will become legacy - eventually. That said - I think all your points are valid as well.

 

[dAVID_]

EDIT: Maybe not a good idea to post this video.

 

[Bladexdsl]

does Facebook realize there is a pussy pad called LIBRA?

 

[Daggot]

does Facebook realize there is a pussy pad called LIBRA?

It means pound or balance in Latin.

 

[Bladexdsl]

It means pound or balance in Latin.

it means...