promises to introduce billions of new users to the world of digital coins, but there are several concerns over how the social network's checkered past when it comes to trust and privacy could impact the new currency.
Many in the blockchain space say they believe Libra will leverage Facebook's more than 2.7 billion monthly users to finally bring cryptocurrencies into the mainstream. "Facebook and WhatsApp are huge in developing nations like Africa and India," said Tony Perkins, editor of Cryptonite, a media company focused on blockchain. By providing users the ability to transfer funds to one another and to merchants at a low cost, Libra "will bring billions of people into the modern economy. This is huge, and represents a gigantic economic opportunity like we have never seen.
Others also highlighted that Facebook's checkered past with privacy and trust while inherently be an obstacle for the company to overcome.
Bitcoin and decredproject the only 'cryptos' I value.
“A trackable cryptocurrency from a ‘free’ network with a history of selling consumer data could just as easily track financial decision-making and sell it to third parties.” I might add quotation marks on 'cryptocurrency'.
U never walk alone on suburb way ❤
Thank you for the coverage you provide on cryptocurrencies and the potential for obfuscated tracking. Not all cryptocurrencies are alike and the public should know the tradeoffs and underlying incentives. Strong work Sal! Glad to hear from decredproject
It is a permissioned database - not a blockchain at all - unlike decredproject 🙃
decredproject is something of a sleeper crypto, quietly buiding up momentum, not caring about the altcoin/shitcoin wars, developing solid improvements to the BTC substrate,...
Pleasantly surprised to see decredproject mentioned here. DCR is 1 of those rare altcoins that is no-fluff, 99%-buidl, 1%-marketing, that'll eventually surface as a shining BTC alternative (or better). 'Wait, why didn't we ever see that cryto?' is what many will say before long.
Loved the article 👍 great decredproject got mentioned ♥
Are they covertly surporting crypto. I guess at the very least this bring the crypto conversation back on news media.
decredproject has a solid governance system and is only getting better. Decred and Bitcoin are only coins worth holding.
Good pointing at decredproject 👍 blockchain with best governance / consensus
decredproject is the only thing worth hodling besides Bitcoin.
decredproject is THE golden standard for transparency and governance! The perfect store of value!
Way to make headlines AudiusProject!
glad to see decredproject a pointer and leading cryptocurrency in blockchain governance mentioned in this insightful article
If FB doesn’t buy up existing miners and develops its own secret codes then the crypto world goes bust. His algos are better than your algos.
decredproject - addressing the obvious elephant in the room ;)
Show!!!!! decredproject is real.
Thanks for covering the views of decredproject and others in crypto ecosystem! This article clearly shows value and use case of decentralized privacy oriented uncensorable cryptocurrencies as a counter balance to corporate/bank stablecoins.
Good on for covering decredproject, that project has some genuine crypto pioneers with deep insight into this field.
Absolutely power corrupts absolutely. decredproject is incorruptible.
Bitcoin is now being introduced to over 3B new users with our favorite social networks now all in the game.
Yuuuup. $OSTK
No thanks. Is Mark personally backing every dollar on this ? Currency is currently because there is an inherent backstop to ensure you can redeem it at full value.
more & more Facebook proves that they are in diff world which is controlled by the 'Leader', tyranny system. All in all is about money & power. 🤪