What Actually Is The Facebook Libra Blockchain

[scottcbusiness]

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Let's talk about Facebook's new cryptocurrency Libra and what it really is versus what they're marketing is as. I previously wrote an article titled "Taking A Look At Facebook’s New Blockchain Called Libra" and I wanted to do a video version of that and address a few extra things so I basically share the same information just in a video format for this as well as a couple of updates.

You can find that article here: https://www.minds.com/scottcbusiness/blog/taking-a-look-at-facebook-s-new-blockchain-called-libra-988634141476786176

My biggest concern is yes they will have 1 billion backing it, but what if they inflate it after they gain interest or just find a way to do it artificially based on the perceived value of the coin.

Let me know what you think about Libra and what this means for blockchain in the comments below.

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Comments

[ganjafarmer]

Fuck fakebook crap.... Steem on!

Posted using Partiko Android

[scottcbusiness]

Lol if you listen, I say not to invest in it ;)

[ganjafarmer]

Double plus good! Yeah I'm totally down for not investing in fakebook. Let them try to catch up... Bet there is all sorts of dumb little ideas they use to bilk people or demonetisation scams...

Love it! Steem on!

Posted using Partiko Android

[blueraised]

Un-private, un-open, un-decentralized, un-fair, un-believable... : (

[scottcbusiness]

Well said, agreed lol

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