What Is Facebook's Libra Coin | Libra Coin Explained.

In this video, you will know about what is facebook’s libra coin and Libra Coin Explained.

1. This is expected, a logical step in the evolution of cryptocurrency. Everyone has been preaching “the herd is coming” for months, and when they do everyone is surprised. What surprises me is the speed of this development and the hype behind it, as usually such innovations take longer to get adoption.

2. Many are criticizing Facebook for launching a centralized coin. First off, this is NOT fully centralized, there is a consortium with many members and Facebook is simply one of those members. Facebook has also laid out a path towards further decentralization. What more can you expect? This is already a MASSIVE step forward for regulators to accept and may even be rejected by many jurisdictions. If you want cryptocurrency to be adopted, expect it to take time. Another important point is Governance, perfect example is The Ethereum DAO hack. You cannot expect such disagreements when it comes to a global crypto that is a stable store of value and used my potentially billions around the world.

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