Why Libra Cryptocurrency Is Bad - Samuelpaganoto.com

Last Updated on March 26, 2023 by Paganoto

The Real Threat From Facebook's Libra Coin – Forbes

Libra won't pay interest on its tokens, and they won't be backed by deposit insurance. So it is difficult to see why anyone would want to hold significant quantities of Libra for transaction purposes. And it's also uninteresting as an investment.Jun 30, 2019

Facebook's Libra Cryptocurrency: Bad for Privacy … – CoinDesk

Allowing Facebook to mint its own coin, the Libra, would turn it into the greatest anti-competitive trust case in history.

Don't Trust Libra, Facebook's New Cryptocurrency – The Atlantic

Libra is supposedly decentralized because it is based on blockchain, the technology used by bitcoin, which ensures that records are kept by …

There's a big problem with Facebook's Libra cryptocurrency

Pegging Libra to a basket of mature currencies means that its value won’t fluctuate as much as bitcoin. But Libra’s value won’t be fixed to the …

Told you so: Facebook's Libra cryptocurrency is a bad idea …

The fact is, though, Libra is not dead yet. Facebook, notorious for its privacy and data security scandals, should not be allowed to create a …

Would you trust this man with your money? – Wired UK

Cryptocurrency fans said Libra wasn’t a real cryptocurrency, … Listing various concerns with Facebook, including its poor diversity record …

Facebook's Libra cryptocurrency is part of a disturbing …

What should really concern critics, though, is that Libra is a small part of a larger, more troubling trend: the blurring line between finance …

There are poor ideas, bad ones and Facebook's Libra – The Hill

Libra, Facebook’s proposed blockchain digital currency, is a horrible idea whose time should never come because it vastly facilitates …

Facebook's New Currency Has Big Claims and Bad Ideas

Libra says it will keep to the highest of KYC standards—but a Libra partner in a bad economy risks compromising the compliance of the whole …

Facebook's cryptocurrency Libra, explained – The Verge

While there is a Libra Reserve, Libra doesn’t seem like it’s necessarily pegged to its value.

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.