Congress on Libra Facebook Coin / Bitcoin Price Action.

in libra •  5 years ago 

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5 years ago by

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      ·  5 years ago 

    Dear @britvr

    Discussions regarding Libra and Facebook are very intense lately and I personally don't know yet what to think about it.

    I'm mostly interested how FED and other central banks will react if they will realize that Libra is a threat for current financial system.

    Personally I will not put my trust in Facebook and I don't think I will ever use Libra. However I will surely pay attention to this project as it may turn our financial world up-side-down....

    Important question I would like to ask you, and hopefully you would share your own opinion:

    • many people out there seem to see Libra as a threat to current monetary system. I'm one of those. However I've learned that global economy is build on debt. And all debts are in FIAT currency. So does it really matter if people use Libra to pay for their "groceries" and shop online? They still need to pay all their debts and mortgages for next 20-30 years in their local fiat currency.

    For that reason alone I cannot see monetary system being changed much. Neither by libra or bitcoin or any other crypto. Debts, goverment expenses, trade oil - all of it will still require $$$.

    What do you think? Upvote on the way.

    Yours,
    Piotr

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        ·  5 years ago 

      Libra is only a threat the currencies with large deflation. And it will allow anyone to use their system where Visa and MasterCard is being spent. I believe it will be the gate-way drug to Bitcoin. But with Libra the monetary system hasn't change.

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          ·  5 years ago 

        Thanks for your kind comment @britvr

        I really appreciate it a lot.

        I also wanted to make some suggestion.

        My impression is, that the hardest part of attracting attention on STEEMIT is the fact, that our audience have very little chance to actually find our publications. Lack of solid notification system is an obvious issue. And regardless how hard I would try - there is very little chance I would find out about your new interesting publications (my feed is just flooded with to many posts).

        Please allow me to share some suggestion with you. If you would ever publish content related to blockchain, crypto, artificial intelligence, psychology etc. then perhaps you could simply send me memo with link to that post.

        This way not only I would have a chance to read your publication, drop a comment but I will also `upvote it right away with almost 20k SP voting power (I also have almost 10k PAL tokens, which may give you some extra benefits is you're using PALnet.io)

        Please let me know what do you think. This surely should sound like a interesting offer :))

        Cheers, Piotr

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          [-]
            ·  5 years ago 

          they are sure making a big deal about libra😆

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            1 vote
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              ·  5 years ago 

            Yes they are.

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                ·  5 years ago 

              @britvr purchased a 12.70% vote from @promobot on this post.

              *If you disagree with the reward or content of this post you can purchase a reversal of this vote by using our curation interface http://promovotes.com

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