Is Facebook Libra, cryptos best gateway drug to date?
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This is the video version of my Coin Rivet article from 3rd July 2019: https://coinrivet.com/is-libra-cryptos-best-gateway-drug-to-date/
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#Blockchain #Libra #Cryptocurrency
▶️ 3Speak
Sometimes listening to stories about Libra feels like watching a video where you know something monumental is about to happen, but you just don't know whether it will turn out good or bad for the protagonist. Easy crypto adoption and user friendly: yes please. Sharing control of personal financial information with an a powerful authority who has demonstrated lack of ability to control themselves: hard pass.
Seeing Libra everywhere it's like watching something big soon. Well, it's libra gonna be a positive or negative, we don't know, Let wait and see for now
Libra is literally everywhere. Wherever there is something related to cryptocurrency we see Libra. Although not fulfilling all the aspects of a true cryptocurrency(Decentralised/limited/no big name behind it) it has still managed to bring a lot of attention to the crypto world itself.
No one can deny the skyrocketing of the price of bitcoin after the announcement of Libra.
It is anyways a win-win situation for the cryptomarket.
I think it is up to a point with general adoption but people need to fully understand the differences between this and a true cryptocurrency such as Bitcoin. Libra is-
It’s a win/win for the cryptocurrency market. People will get used to online currencies and if you can convert Libra into real crypto’s that’s a plus. Or, Libra will just flop like the last attempt at making a Facebook currency.
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Chris, thanks for providing insight to libra, assume more to come yet.
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