Libra

Discussion in 'Bitcoin and Cryptocurrency' started by Michael Scally MD, Dec 19, 2019.

  1. Michael Scally MD

    Michael Scally MD Doctor of Medicine

    Sorry, but cryptocurrency will likely make you uncomfortable in 2020
    Sorry, but cryptocurrency will likely make you uncomfortable in 2020

    Two years ago, cryptocurrency was a thrill ride. Then the bubble popped, and it became a passing fad that had had its time. To most people, anyway. True believers kept believing, developers kept toiling, and the technology quietly kept growing. Then, last July, Libra showed up.

    Well, at least a vision for Libra, the name Facebook has given to its “global” digital currency project.

    Libra has triggered strong reactions, largely critical ones, from central bankers across the globe. It even seems to have inspired China to speed up the development of its own digital currency. Now, as we head into 2020, it appears that crypto is poised to reenter the scene in a big way.

    This time, however, it won’t be so thrilling. In fact, there’s a good chance it will make you at least a bit uncomfortable. Depending on your perspective, it might even piss you off.

    You probably won’t be able to ignore crypto anymore …
     
    Millard Baker likes this.
  2. proken

    proken Member

    Bazar the general public doesn't understand the difference between a centralized and non-centralized currency. A centralized (controlled) currency would give the small number of people ultimate power. An open ledger type (mined) would give all citizens control of their own banking.