Just a few hours ago, Facebook released more information on their long waited cryptocurrency project called Libra.
So what is Calibra? It basically the wallet for the Libra Coin that will launch sometime in 2020. π
Their main focus is to bank the "unbanked" around the world. This looks to me this was just another hyped project and I don't even consider this a game changer at all.
IT'S PLAIN GARBAGE! π© π© π©
It seems to me it's just another centralized banking option like Paypal. In other words, why the hell would people use this? π€·ββοΈ π€¦
Yes, you will have to do a KYC and they will charge fees if you want to send "Libra" to individuals. WTF! π€ π€£
However, I can see millions of people using the Libra coin when they do come out. Many people won't know any better.
So what are your thoughts? Are you going to use the Libra Coin and the Calibra Wallet? All I know is that I'm not even going to touch this trash at all.
If you are still interested in taking a look at the CALIBRA Website, you can click the link right here.
Keep On STACKIN! π
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The perfect gif! π
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The question is why should i use libra coin while others can easily use free and no charge applicable at alt coin transaction. If there is secured with othet then happy with it, we don't want to be filled some one's pocket!
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Can't put my finger on it....I've seen that logo before LOL
That's because libra coin will be a steeming pile of shit. ππ
It might be the most adopted crypto π³ππ
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lol, seriously first thing I thought of
I knew that they were spying on steem πππ
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It's almost like Mr. Robot's Evil Corp...
Itβs skynet in the making lol
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Not Shit Coin for Me........Charles @stackin to many Good Coins to be Involved With.....
I might hold $1 of it π
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facebook might lose this game of crypto hahah
They are going to make billions with this and become another βbankβ in the future but I wonβt be using them π¬
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I would not waist my time, but then we have so many other options that are awesome.
We can see the shift coming... digital and Crypto is the future π¬
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I honestly didn't expect much out of the project. Facebook has been under the spotlight from the government FTC and SEC for the last two years and watching them like a hawk. They last thing they would want to to create even more friction which mean LIBRA was going to have to be by the books.
They say it's not a stable coin yet they say its pegged to various FIAT currencies soooo then it is lol
I haven't yet dug into it all that much yet for the whitepaper but is it not launched yet? and it wont be till 2020 now ?
They also said all info and data will be private.... my ass!! πππ
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Yeah legit that shit makes no sense at all. The government would be all over them in a heartbeat if that was the case. I mean it's not like Facebook hasn't been selling all our personal data for the last 10 years π
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They're already been asked to stop work until Usa government can formulate what's their response to this.
ahhhahah laughed at this shit
ππΌππΌππΌ
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I think you might be right. The "decentralized" blockchain will be governed by the Libra Association. And the founding members of this association will be large corporations for the most part. It's very suspicious. I wrote my own views about this in a separate post.
Crazy huh!? PayPal, visa, MasterCard etc etc πππ
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Yes, they will get interest out of these transactions and people will pay fees... I hope people will realize how greaet Steem is with feeless transactions and interest for just holding Steem Power.
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I heard they might not do fees if people transact through facebook, Instagram or WhatsApp but still, they are going to track everything lol
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Yes, they will get interest out of these transactions and people will pay fees... I hope people will realize how greaet Steem is with feeless transactions and interest for just holding Steem Power.
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A sneaky way to join blockchain. These centralized cryptoβs are laughing in the face if what blockchain is supposed to be.
Totally agree π
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Lets check on that π
π―
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I would have to agree on you view of the coin, but there is a lot of room for it to do well. Because Facebook has so many users there is a chance many will buy into it and the coin will have a high bum initially. Thanks for sharing!
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I will have to agree with you on this.... lots of newbs will love it π€£
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If the get permission to release it, it'll lead people on path to educating themselves about cryptocurrency, eventually leading them to find that they really should be using Bitcoin, Ethereum, Steem and so on.
This is huge in terms of cryptocurrency adoption
I might try it as knowledge purpose to stay current in the crypto sphere. To be honest is a trash and a joke for a crypto enthusiast!
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Itβs a smack in the face for βcryptoβ but bitcoin will still come out at the top π
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I agree with you despite I think it can bring millions of users to crypto and, also to STEEM, as soon as they realize how centralized will be libra
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Totally agree, our job next year is to spread the message about this corrupt βdigitalβ coin to the masses lol
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Yes, but not yet...letβs give time to Zuckerberg in order to start a good marketing campaign ππ...then, we will attack πͺπ»πͺπ»
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I still don't see why more people aren't using STEEM.. Instant and free transactions with easy to use addresses!
We will soon get there, crypto and platforms will take time π
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The thing is Facebook has how many people using it . They will earn it without thinking about it or Changing their daily habits.
But on the good side it is a crypto currency and it will help the larger community to embrace crypto.
I see great times ahead for steem!
Thanks for sharing,
Have an awesome day!
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I consider the libra a digital coin and not crypto haha
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I'll use if you ensure that they'll be some green dildo candles for libra
Huge red dildo candle action lol
This looks useless to me too. Why charge a fee for transactions when everything is use within the same community. That's one of the reasons i love steemit, no matter the amount of steem or sbd to be sent it is all done for free.
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Gotta pay for the aka facebook investors as they will run the transaction π€·πΌββοΈπ€£
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Ok
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