Crypto Analysis 4 items
Watch: 'Delete Facebook' organizer: FB's cryptocurrency could be good thing (youtube.com)
Jaron Lanier, the original organizer of the 'Delete Facebook' movement joins 'Squawk Alley' to discuss Facebook's cryptocurrency launch.
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    Kristal Saints Content Creator at Cristal Saints We are at the edge of a global shift as new technology arises giving us the opportunity to change the ways we’ve been conducting our various affairs, but as with everything there is a positive and negative side.

    Crypto currency in the blockchain technology is still under development the masses do not yet fully trust or understand this system and with its obvious security risks there is still some ways to go before its fully accepted.

    If Facebook indeed launched its coin I find that one key benefit would be that if a vast majority of its 2.41 billion users accepted and gained trust with Libra (knowing it would start out as a stable coin with Fiat backing it up) then that would be an important step towards adoption of crypto currency in our everyday lives. Facebook would then have the responsibility of educating its users beforehand in the usability of their coin within their ecosystem.

    Having said that Facebook’s track records in the past have been unethical and on top their security system has been quite the disaster so I find that Facebook should not be given more power than it already has, if anything the data they hold should be watched and secured by the existing users. It’s a double edge sword that if taken lightly we could find our finances deep in their pockets and attempting to contact their unavailable poor customer support for assistant in handling our own finances. Who wants or needs that?
    When services were honestly created to make customers lives better but end up alienating customers into just another number in the grand scale of things, becoming a hungry monster out for corporate gains and it’s not a win-win situation anymore it then proceeds to destabilize it sole purpose and with time trust and loyalty is lost.

    Isn’t that the whole reason why decentralized finance is so appealing to us all cause we are sick of the way banks have been operating all along?
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    Francisco Gimeno - BC Analyst FB's announced Libra could have some benefits: users will adapt better to use real crypto currencies in the next future, and if it is used as the likes of Paypal or Western Union, etc, with better fees and so on, should be a good and cheaper option for those doing remittances through banks or privates remittance companies. But time will say. We know is not a cryptocurrency, but a company coin or token used to give services to its clients which should be able to be changed into fiat, once and if States allow.