Facebook's cryptocurrency Libra gets a thumbs down from me.....

Just want to put out my brief thoughts on the digital currency Libra.....

I think as an on-ramp for people into digital assets and currencies it will help but.....people need to fully understand the differences between this and a true cryptocurrency such as Bitcoin. Libra is-

  • A “crypto ”currency with no limited supply.
  • Is technically a currency within a fiat currency.
    • Has been created by Facebook a company that takes the gold medal for personal data abuse.
    • It’s also not decentralized and you don’t fully control it.

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