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❕NEWS Libra Still Needs 10 More Years To Be Fully Functional... Says Ran Goldi

NoLimits15

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The main coordinator behind Facebook's Libra project Ran Goldi said it will take around 10 more years for Libra to be used since it is not getting any permission from powerful authorities. He said after 10 years the authorities and regulators will fully grasp the concept of blockchain and allow it to operate freely. He also said that Libra's mission is to build apps on remittance which basically means you can run your own bank.
 
10 years?? That sounds pretty long to me. What are those authorities trying to grasp for 10 years that can't be grasp within a year or two. Well, we are still hopeful.
 
Seems like they are hoping for libra to be legalize unlike bitcoin, this is like saying that libra's main vision is to surpass bitcoin
 
Based on what measures and standars they gave those calculations ? I'm sure if any alternative plan appears, can reduce those 10 years to even a lower period of time
 
It is very possible that Libra will be a controlled digital currency unlike decentralized bitcoin that is why they are in consultation with authorities. If they must go by that it may take more than 10 years because banks will want to kill the concept.
 
Facebook already has a lot of legal problems with various authorities all around the world. No wonder they want to delay or even kill libra.
 
Yeah, they might seeing as threat to privacy of citizen considering how they poorly manage people's data on their social media platform. I still believe this Libra coin will be useful and will later be very strong.
 
On the other hand, I wish for Libra demise.

they poorly manage people's data on their social media platform

They don't "poorly manage"people's data on FB, they're willingly and deliberately sell those data to advertisers. I don't want Facebook to have access to my financial details.
 
On the other hand, I wish for Libra demise.



They don't "poorly manage"people's data on FB, they're willingly and deliberately sell those data to advertisers. I don't want Facebook to have access to my financial details.
That may not occur in the case of libra coin, they will definitely be careful and there will binding agreement , I am sure they are aware of the heavy crictisism by their users
 
aware of the heavy crictisism by their users

Oh yes, sure they're aware of the criticisms the FB users throw at them. The thing is they don't care. Try googling how "Facebook bloated their video views" that resulted in numerous businesses went under all over the world. They're evil, plain and square.
 
Imagine if Amazon or Kogan created their own coin?
I am sure they have thought about it.

They did have created a blockchain tech for their ledger database, though one of their top officials has stated that they won't enter the cryptosphere because of its price fluctuation.
 
10 years is pretty long , I think facebook should create policies and rules to suit users interest in order to increase its useage
Its
 
Imagine, FB with it's own coin! Millions of fb users instantly having access to and able to build an economy around one coin. Wowza. !
This would boggle some heads to create land locks to prevent this from ever happening, slow this process down or try to achieve asset control and claim a huge stake.
 
Imagine, FB with it's own coin! Millions of fb users instantly having access to and able to build an economy around one coin. Wowza. !
This would boggle some heads to create land locks to prevent this from ever happening, slow this process down or try to achieve asset control and claim a huge stake.
Facebook would have make the bull in the Crypto world but it is unfortunate for their planing and handling of the project. They have the fan base already to make Libra a coin to reckon with .
 

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