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Facebook Releases Cryptocurrency White Paper for Libra Currency
#1
This will for sure bring a lot of attention to the blockchain technology.

https://cointelegraph.com/news/facebook-releases-cryptocurrency-white-paper-for-libra-currency
Cardano is the most promising 3 gen. crypto right now.


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#2
https://www.theguardian.com/commentisfre...ency-libra

The Guardian, which is a left-ish newspaper in the UK is not at all overjoyed by Facebook and Libra. The article is ok but not brilliant -I get the feeling that the author would have had a do at anything Facebook did or said!
My favourite quote...

"The aims are far loftier than buying games: “From the beginning, Calibra will let you send Libra to almost anyone with a smartphone, as easily and instantly as you might send a text message and at low-to-no cost,” says the Facebook announcement. At this, tens of millions of people in Africa, India and Afghanistan will roll their eyes. They’ve been sending money – real money, not tokens – to each other on mobile phones (not even smartphones) since 2007 via SMS, using the M-Pesa system, which doesn’t require banks or Facebook."

Now that is correct and worth mentioning!
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#3
Thanks for the input Bob. No matter what Facebook has an economy larger than many countries and therefore the power to make the coin a success. It will be when people start seeing the potential in sending money across borders with low fees. I'm pretty sure about that.
Cardano is the most promising 3 gen. crypto right now.


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#4
I do like the Euro. Not many in the UK state that out loud! I went from the UK via Amsterdam to Finland and back via Sweden (an unofficial stop off due to problems). I spent a small fortune on coffees at various airports as I had to change my GBP into three currencies and that changing cost more than the coffees. That was pre-Euro days and it is so much easier now.

So a currency that is safe and easily mobile and ignores borders is a good thing in general. Low fees or zero fees are a good thing. I would not be keen on Facebook beating everyone else to make the one crypto that takes off big time. I am not sure how many cryptos can actually survive, perhaps ETH will be too specialist and so there is room for coins like ETH and Libra/Facebook/Amazon too.
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#5
We don't have Euro as our currency in Denmark. Same applies for all other Scandinavian countries. I think it's stupid and troublesome each time we go to each others countries or to Germany, Spain etc. Anyway we can pay with Mastercard or Visa but there is ALWAYS the conversion fee.....so damn annoying.

Yes a crypto could take all that pain away. Eth is here to stay since it solves other problems like running smartcontracts.
Cardano is the most promising 3 gen. crypto right now.


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