Libra

Libra

Facebook plans to introduce a crypto currency in 2020. Lots of reactions including

  • Crypto has finally arrived
  • All we need is now Facebook to control our financial system
  • Bitcoin is mentioned only once in the Whitepaper. How dare they …?
  • Investors not very happy… because they didn’t get to invest.
  • Bitcoin price didn’t budge much.
  • Every mega cap will now follow suit
  • All we need is a cabal of 25 companies controlling a decentralized model
  • Maxine Waters demanded FB stop development of Libra until she has a chance to figure it out.

FB had to do something big as a huge user base is showing signs of fatigue