Facebook Libra cryptocurrency can be a solution on inflation.

[mirakal]

This is a good read kabayan, this new project from facebook although just a stable coin is also a big solution for inflation as anyone can easily convert their money to this coin that is probably be pegged in USD, of course USD's value is better than a 3rd world country as they are more stable.


Most millenials forget that in the 90's, the USDPHP exchange rate was 25 pesos to a dollar. That means that, in less time than it took to make you woke, the peso has lost 50% of its value.

At the risk of sounding anarchic, getting out of the Philippine Peso (and this is the same advice I give for all secondary currencies) is the single most financially-sound decision anyone can make in the long term. So when your parents admonish you to save more money, don't bother. Saving your third-world currency is a fruitless endeavour and will yield less value than you started off with the longer you save it. If you don't have the guts or the know-how to put your money into Bitcoin, at least put it into USD or Euro.


Source : https://decentralize.today/business/peak-fiat-thoughts-on-the-facebook-libra-cryptocurrency?fbclid=IwAR1mZEFGWHlGZskh1x9c57_IUkpZAjsJcjRPF_Aywp40FgBLXnsJBGPX5qY

[rosezionjohn]

Most cryptocurrencies, especially bitcoin, are being eyed as a solution to inflation long before facebook even thought of entering the crypto scene.

[serjent05]

I do not think na Facebook Libra cryptocurrency is a solution sa inflation.  USD itself is ever inflating currency, what if yung mga USD from other country goes back sa USD?  Di ba laking bagsak ng value ni USD?  Hindi siya malabong mangyari dahil nakikita naman nating ngayon na unti-unting humihina ang purchasing power ni USD.    As far as I know umabot sa palitan na 54php per 1 dollar pero ngayon ay n asa 51.19 php per dollar.  This simply means na kung walang naliligtas sa inflation at makikita naman nating lumakas ang value ni PHP against dollar, so with this I do not think na FB Libra is a solution sa inflation since it is pegged sa USD.

[GreatArkansas]

I do not think na Facebook Libra cryptocurrency is a solution sa inflation.

Interesting.... Nandun na yung keyword "pegged with usd", so talagang pag may inflation sa USD, apektado na talaga ang Libra nyan, tama ba ako? Since kung ilan merong kabuoang Libra, ganun din sa USD.

Yan ang magandang challenge ng Libra para sa akin, yung transparency nila. And if 100% ba talaga na "pegged with usd" yung Libra na stable coin. Additional, pano din nila mapapalaganap ang adoption ng Libra, like gaano kadaming tao ang gagamit nito. Kagaya sa wechat na ginagamit pambayad sa China and other countries.

Well, let's see for the upcoming updates ng Libra. Since baka nasa 2020 pa ito talaga mag fully working and deployed.

[Darker45]

I do not think na Facebook Libra cryptocurrency is a solution sa inflation.

Interesting.... Nandun na yung keyword "pegged with usd", so talagang pag may inflation sa USD, apektado na talaga ang Libra nyan, tama ba ako? Since kung ilan merong kabuoang Libra, ganun din sa USD.

Ang Libra ay supported by different major currencies sa mundo. Doon sila nag-aadjust sa composition nito sa tuwing may pagbagsak ng isang currency. Kapag halimbawa bullish ang Yen at humihina naman ang USD, corresponding adjustments will be done. 

Additional, pano din nila mapapalaganap ang adoption ng Libra, like gaano kadaming tao ang gagamit nito. Kagaya sa wechat na ginagamit pambayad sa China and other countries.

Quite on the contrary, dito nakakalamang ang Libra. Siguro dahil ang pangalang Facebook at Mark Zuckerberg ang nasa front-line nito, marami silang nakukuhang investors o founding members. Last I heard, meron na silang 28 na billion-valued companies in USD. Target nila is 100 founding members. The names Uber, Spotify, Visa, etc. are already committing. Hindi pa kasama ang mga grocery stores at convenience stores kung saan maaari ka ring mag-refill ng Libra mo.

Well, let's see for the upcoming updates ng Libra. Since baka nasa 2020 pa ito talaga mag fully working and deployed.

Ang target launching is 2020 but the building o development is this year.


May binuksan akong thread dito. Maaari nating i-discuss ang credentials ng Libra at whether or not okay ba na suportahan natin ito. https://bitcointalk.org/index.php?topic=5161575.0