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I think this is just a good idea. I personally feel that Libra should not be able to compete with Alipay and WeChat for a period of time. p>
although Libra will cooperate with many other wallets in the global payment network, we still need to pay attention to the background, national conditions, user habits and so on. Therefore, under China's financial and legal system, it is almost impossible for Libra to compete with the two domestic payment giants
According to the white paper, the global borderless Libra coin has three cores: blockchain based, real asset guarantee and independent association governance. In other words, Libra coin is a "stable currency" guaranteed by the real asset reserve. Each Libra coin will have a basket of currencies or assets of corresponding value for trust endorsement, which is supervised by the founding members of Libra coin Association, and each founding member is responsible for running a verifier node. Facebook believes that there are still 1.7 billion alts in the world who are not exposed to the financial system and cannot enjoy formal financial services, and the current financial transaction costs are too high, so this pattern needs to be broken. According to its assumption, Libra is a stable currency and a super sovereign digital currency. By issuing "Libra coin", we will explore the establishment of a simple, borderless currency and financial infrastructure for billions of people
Libra is linked to a basket of currency deposits or government bonds, and it is more in line with the public's habitual thinking that it is linked to cryptocurrencies without any asset support, such as bitcoin. Therefore, the listing of Libra currency will inevitably have an impact on the online digital currency. Some of the funds were diverted to Libra
however, the impact on real money is very limited, because the right to issue digital money will inevitably be concentrated in the hands of central banks, and private companies will not be allowed to be involved in this field.
in June of this year, the world's social giant Facebook released the "digital currency" of the encrypted digital currency. Once released, it received widespread attention in the world, and the "Heaven coins" released by them will compete with WeChat and Alipay. Their goal is to hope that "Heaven currency" can become the most circulated currency in the world. So for WeChat and Alipay, this is also a very difficult challenge. p>
I don't think Libra is so easy to circulate. The United States can't decide anything. He thought very well, circulating that, but money is a financial tool, and I'm not a person who understands finance. Let's talk about my superficial opinions. He must have professional people to manipulate the currency. If there is a problem, it will bring huge problems, such as inflation and what money is not worth. Libra is still competing against Alipay. This is basically two things. p>
what they think is very good. After all, there is no myth about Internet entrepreneurship now, and they all want to create a new myth, but I don't think this idea is very good. At least as an ordinary person, I will worry about it and won't use it. We all know that bitcoin has a very scarce factor, because bitcoin only circulates in the market at present, that is to say, no new bitcoin will be added. This scarcity also creates the idea that people want to collect very much. Therefore, the price of bitcoin will continue to increase because of its scarcity, but if a new bitcoin appears one day, Then the price is bound to fall rapidly
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