http://fortune.com/2019/06/18/facebook-project-libra-cryptocurrency-fb-coin/
A few issues with this
- Run as "not-for-profit" does not fit in with ANY of those companies involved especially Facebook
- The supply is managed by the consortium so can be price fixed (the total opposite of why a crypto currency should exist)
- It runs on code written by Facebook!
- The wallet company holding your currency is a subsidiary of Facebook
On top of these massive privacy and transparency issues you now have a new goal for fraudsters on Facebook.
It seems this crypto currency has been created for profit as it's a service looking for a problem that doesn't really exist.
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