-Facebook wants to be/is now a government. Everyone read Christine Desan. -This is m-pesa for whatsapp -Is this even a cryptocurrency even? -LOL "libra." Take that's, Winklevii with your "gemini" -This might be a non-thing still
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Replying to @lanalana
Opinion is divided. I don’t think it’s a cryptocurrency, everyone else thinks it is.
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why don’t you think it’s a cryptocurrency?
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Replying to @charlesarthur @lanalana
Because the value is set by Libra not by cryptography.
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Dave, brilliantly stated and so true. This is an a currency arbitrage device that floats transaction on top of the water line established by the folks doing the arb. $1 = ~0.95 Libra.
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is that what the exchange rate is set at?! What happens when the pound/dollar rises/falls? How variable is it? This looks bonkers.
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Charles, I hear ya. It is a “stable” coin like a Money Order is. The opportunity for Libra to make a killing on currency arbitrage and the Gas they charge in every transaction is clear.
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