What’s Wrong with Facebook’s New Cryptocurrency?

I’m sure all you crypto fans out there have heard of Libra, the new crypto that Facebook is planning to roll out next year.

What’s not to love?

First, even though a consortium of big players is backing the venture, it’s shaping up to be a fully centralized, permissioned endeavor. In my book, that’s the only way to get it right, but for many crypto fans, it’s not really crypto at all.

Second, we’re talking Facebook here, right? Nobody trusts Facebook anymore.

Read the entire article at https://dailyiconews.com/crypto-skepticism-of-the-week/whats-wrong-with-facebooks-new-cryptocurrency/jason-bloomberg/2019/06/21/.

None of the companies mentioned in this article are Intellyx customers. Jason Bloomberg neither owns, nor plans to own, any cryptocurrency or other cryptotoken, either long or short.

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