Libra – The Good, The Bad & The Ugly

[Ziskinberg]

If anyone one is looking for a stable coin worse than Libra, here we go, China Coin proposed by the Chinese Government, neither backed by fiat nor physical assets.

source: https://u.today/china-coin-new-details-make-chinese-investors-disappointed-heres-why

Proposed by government and manage by government, for me it's not attractive, they are just converting their money into coin to compete with the blockchain system or and use the concept of the crypto, I would rather invest in Libra than anything created by the government because they are in control and I don't believe it's a favorite investment for the people.

[akhjob]

So Facebook has decided to please the regulators and has decided to back away from Libra for the time being and will support digital government currencies. This is getting worser and worser

Source: https://www.theblockcrypto.com/linked/57657/facebooks-digital-wallet-will-not-support-libra-for-the-time-being-report

[Lance203sin]

And the most important - the dead. This project is cancelled and this is pretty good for all of us

[thiscomm]

and a little lack of this libra in my opinion is that their prices are made stable meaning that even though the number of transactions continues to rise, the price of this libra will remain. This coin is made to meet Facebook users when making transactions such as buying and selling on Facebook. so libra developers make prices stable like common fiat money.