Comments by "" (@ericp1139) on "Facebook announces new cryptocurrency called 'Libra'" video.

  1. It’s a centralized stablecoin that a government can shut down or get hacked. It’s like a worse version of Tether lol
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  2. The old guy never understood Bitcoin, but even he knows it’s better than Libra.
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  3. It doesn’t seem like true crypto. It’s just a digital token, like something you’d get for a game in an in app purchase.
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  4. devilorchard look up Tether. The amount of money you need to back a stablecoin is ludicrous. I have a hard time believing even Facebook can cough up the money necessary to back up the funds. Though, if they partner with banks, maybe they’ll just print money. Also, real crypto is backed by a blockchain.
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