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Libra is a & # 39; better Paypal & # 39; not a liberating currency like Bitcoin, ETH, XRP & LTC




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Facebook's global currency, Libra, is "another" payment system ̵

1; ie better version of Paypal, but not a liberating currency like Bitcoin and & nbsp; & nbsp; other important cryptocurrencies. & nbsp; & nbsp;

According to & nbsp; Alex Karasulu, CEO and Founder of OptDyn. & nbsp; [19659005] "Libra, blockchain, is an allowed blockchain, which means that only authorized validators are allowed on the network," he says. "Each of the 100 corporate members of the Libra Foundation acts as transaction validators. It is a cartel from the beginning and can be pressed tere problems w with both organizations outside the foundation and also will not fly well with diehard Bitcoiners and crypto-anarchist types. "

For & nbsp; true believers in & nbsp; Bitcoin and the cryptocurrency community, Libra is not a currency that frees transactions from the control of central bankers, as Bitcoin and other major cryptocurrencies do.

Furthermore, Libra, the currency, is not a "safe haven" for investors concerned about the fluctuation in the value of sovereign fiat currencies because it is backed by a basket of sovereign fiat currencies, notes & nbsp; Karasulu. This means that the value of Libra can be influenced by central bankers.

Simply put, Libra lacks the "ethos" of blockchain, according to & nbsp; Karasulu.

"It is empty and soulless for most cryptocurrency enthusiasts, but they are sure to see traction because billions of users exist on Facebook and the platforms of the 100 members who will use it to trade."

Meanwhile Libra poses a threat to major cryptocurrencies because "most of these users will not notice the difference between a" real "freeing cryptocurrency versus the scales and will enter the cryptoverse for the first time through it," he says.

Wayne Chen, CEO of Interlapse Technologies, & nbsp; sees that Libra also has an effect on large cryptocurrencies. "Regardless of technical and derivative differences, the stability of Libra will have composite effects on key cryptocurrencies simply from an industry association," he says.

While the Libra cartel has problems with the cryptocurrency community, it has more problems with large banks and regulators. As & nbsp; national security, investor protection and liquidity problems.

Then it's the Libra's threat & nbsp; to break their monopoly & nbsp; on printing & nbsp; money, and & nbsp; to & nbsp; manipulate the economy to accommodate the interests of powerful elites. & Nbsp;

Therefore, Libra "is currently set through the ringtone for regulation, compliance and control," according to & nbsp; Chen. "With over 2 billion global users on Facebook, issuing a new digital, global currency by a centralized company can seem overwhelming."

While the future of Libra is unclear, one thing is clear: Facebook's currency will continue to draw intense criticism from both the cryptocurrency community, large governments and banks.

Disclosure: I own shares in Paypal

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Facebook's global currency, Libra, is another payment system – ie a better version of Paypal, but not a liberator It's Bitcoin and other major cryptocurrencies.

Alex Karasulu, CEO and Founder of OptDyn.

"Libra, blockchain, is a permitted blockchain, which means that only authorized validators are allowed on the network," he says. "Each of the 100 company members of the Libra Foundation works r as transaction validators. It is a cartel from the beginning that can present problems with both organizations outside the Foundation, nor will they fly well with diehard Bitcoiners and crypto-anarchist types. "

For true believers in Bitcoin and the cryptocurrency community, Libra is not a currency that frees transactions from the control of central bankers, as Bitcoin and other major cryptocurrencies do.

Furthermore, Libra, the currency, is not a "safe haven" for investors who are concerned about the fluctuation in the value of sovereign fiat currencies because it is backed by a basket of sovereign fiat currencies, Karasulu notes. This means that the value of Libra can be influenced by central bankers.

Simply put, Libra lacks the "ethos" of blockchain, according to Karasulu.

"It is empty and soulless for most cryptocurrency enthusiasts, but they are sure to see traction because billions of users exist on Facebook and the platforms of the 100 members who will use it to trade."

I Meanwhile, Libra poses a threat to major cryptocurrencies because "most of these users won't notice the difference between a 'real' freeing cryptocurrency versus Libra and will go into crypto-reverse for the first time through it," he says.

Wayne Chen, CEO of Interlapse Technologies, sees that Weight has an effect on large cryptocurrencies. "Regardless of technical and derivative differences, the stability of Libra will have composite effects to key cryptocurrency simply from an industry association," he says.

While the Vogel cartel has problems with the cryptocurrency community, it has several problems with large banks and regulators. Such as national security, investor protection and liquidity problems.

Then there is the threat of the Libyans to break their monopoly on printing money, and to manipulate the economy to meet the interests of powerful elites.

That's why Weight "is currently put through the ringtone for regulation, compliance and control," according to Chen. "With over 2 billion global users on Facebook, issuing a new digital, global currency by a centralized company can seem overwhelming."

While the future of Libra is unclear, one thing is clear: Facebook's currency will continue to draw intense criticism from both the cryptocurrency community, large governments and banks.

Disclosure: I own shares in Paypal

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