Re:Facebook, Libra, and the Long Game
by codetrotter on Wednesday June 26, 2019 @12:41AM
(#20281983)
> I think it's just Facebook's way of ensuring consumer confidence that a Libra is actually worth something, and the most proven way to peg a stablecoin to a value.
Or even just to have people use it.
I can’t afford to hold crypto right now because I don’t have any savings, only debt.
But if there was a crypto that had a stable price and which was accepted by merchants, and I perceived it as trustworthy I’d use it for my purchases instead of using a credit card or debit card.
Libra is not going to be it for me because I don’t trust Facebook and I don’t want them to have any involvement over my money. But I will admit that it has potential for a lot of the Facebook userbase to start using it.
Or even just to have people use it.
I can’t afford to hold crypto right now because I don’t have any savings, only debt.
But if there was a crypto that had a stable price and which was accepted by merchants, and I perceived it as trustworthy I’d use it for my purchases instead of using a credit card or debit card.
Libra is not going to be it for me because I don’t trust Facebook and I don’t want them to have any involvement over my money. But I will admit that it has potential for a lot of the Facebook userbase to start using it.