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Libra goals is to target those with out a bank account

Libra goals is to target those with out a bank account
I feel most of you are severely misunderstanding the goal behind Libra. I am strongly against that Facebook is creating a currency, but it would not be the end of cryptocurrency. If anything this is the preparation to drive mass adoption. Libra most likely will be a stable coin and be used either in conjunction, but in replace of traditional currency. This may be the foundation to eviscerate the current financial banking system, but create a large competitive and growing market for cryptocurrency. Facebook is almost to big to fail, but they aren't to big to compete with. This is why they are entering the crypto currency ring, if you don't see the value and take action in either building on it, or use this moment to the advantage then you'll be left behind.

Below I displayed some of my thoughts behind the value it CAN bring. We won't know for sure until their whitepaper is out. Half the world thinks bitcoin is dead, and Facebook is taking their opportunity to be re branded as "New Bitcoin" . Facebook Libra most likely will be the adoption businesses and international traders will use as means for payment. Facebook doesn't want to create another cryptocurrency or enter the financial industry as all of these companies are making credit cards etc..

They want to be the financial median. They don't want to compete in crypto, they want to conjoin and be the thing you need to join crypto.

They don't just want to topple the banks, they want to be YOUR BANK. The thing more profitable than a tech company is a financial one. They could seriously redefine banking.

submitted by tycooperaow to CryptoCurrency [link] [comments]

Bitcoin philosophical musings and pressures 7 years in [drifted from: txrate, forking, etc] | grarpamp | Jul 07 2015

grarpamp on Jul 07 2015:
Then again maybe I am missing the key reasoning for this fork.
People often miss the fundamental reasons Bitcoin exists,
the various conjoined ethos behind its creation. This is to be
expected, it's so far ouside any thinking or life process they've
ever had to do or been exposed to. It's also partly why figuring
out what to do or code or adopt, is hard. And certainly not made
any easier by the long term need and the current value at stake.
Creating a system in which a Botswanan can give a few bits
of their impoverished wages to their friend in Mumbai without
it being gated, permitted, hierarchied, middlemanned, taxed,
tracked, stolen and feed-upon until pointless... this simply
doesn't compute for these people. Their school of thought is
centralization, profit, control and oppression. So of course they
see txrate ramming up against an artificial wall as perfectly fine,
it enables and perpetuates their legacy ways.
Regardless of whichever technical way the various walls are torn down,
what's important is that they are. And that those who are thinking
outside the box do, and continue to, take time to school these
legacy people such that they might someday become enlightened
and join the ethos.
Otherwise might as well work for ICBC, JPMC, HSBC, BNP, MUFG
and your favorite government. Probably not as much fun though.
original: http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2015-July/009361.html
submitted by bitcoin-devlist-bot to bitcoin_devlist [link] [comments]

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Como minar con free bitcoin values 100% pagando 2019

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