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Author Topic: can libra upset world economy if not regulated ?  (Read 231 times)
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July 29, 2019, 07:02:09 PM
 #21

since the past few months, Facebook decided to launch its own coin, they have been a lot of controversies, as some compared the altcoin directly with bitcoin.
The people who compare a centralized shit coin with a decentralized money are fools to begin with and they have no idea what bitcoin is all about and hence the comparison. I am not sure how a centralized coin will shake up the entire economy, if a country does not want its presence they can simply ban them and how can a coin like that upset the world economy Roll Eyes.

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July 29, 2019, 07:07:39 PM
 #22

The world is physical, I don't think digital things can upset the whole world.

Taking out the banks in the picture is already a disruption and this is what the US government is trying to prevent from happening. It has to be regulated. Facebook is just a social media networking site but all of a sudden becomes a bank of everyone they don't even have to go physically but will also open the users to the new economy of tokenized digital assets. So what will happen to the old ones like FOREX and stock market?

 
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July 29, 2019, 07:14:21 PM
 #23

Libra is a centralized project.

As stated best: If Libra complies with all regulations across the world it will just end up being a blockchain based "paypal" and nothing more.

Agree with you to both points. I think there is good reason for people to be worried about different economies around the world but not to have Libra override this. Too many governments are going to push for regulations
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