Is Libra a virtual currency
virtual currency is non real currency, which is generally circulated on the network. It can be exchanged for virtual money with real currency, that is to say, it can be exchanged for a certain proportion of money. Like the popular virtual currency on the Internet,
therefore, we should be cautious when investing in virtual currency. This thing is like the stock market. It may rise sharply today, but fall to the bottom tomorrow. If there are people who are willing to invest in virtual currency, I suggest we wait and see, It's not too late to invest until the system of Tianqi coin is improved< br />
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
Once the Libra system is established, it can bring new subversive possibilities at any time. What is the possibility? The answer is to change the runway from financial runway to retail runway. Facebook has 2.7 billion users, and the payment channel is opened. Instead of issuing money with financial logic, Facebook can wholesale the right to take delivery of goods of multinational companies with the logic of collective purchasing. It doesn't matter whether this right is called Libra or not
3. Once the infrastructure is built, Facebook can change a runway to issue money at any time, which is the simplest wholesale logic. It is the logic that consumers buy bus cards. But once this simple logic is completed in a network, the actual result is the issuance of currency
4. The value that Facebook can bring to the society after changing the track: all the new Libra are profits for the whole market. This profit is shared by Facebook users, Facebook and Facebook partners, which will stimulate the capital action of the whole market and create more Libra and profits. It's too late for other competitors to follow up, because the funds are synchronized in the cloud. Therefore, if Libra succeeds, it will be a stronger new dollar, a new currency that can subvert the financial system of all countries
5. The bank system manages account numbers. Facebook, too. Other Internet platforms are the same
Libra coin is safe as a virtual currency. To this end, Facebook also launched a series of programs to solve security problems. Facebook launches cryptocurrency system & quot; Libra & quot;. Libra system is operated and managed by Facebook and more than 20 partners. Each partner participates in the operation in the form of initial verifier node, and they share a transparent transaction classification account to reflect all activities on the network
Therefore, the security of Libra as a virtual currency need not be considered. I believe that the advent of Libra as a virtual currency will bring a new innovation to our worldFirst of all, Libra, as a virtual currency, is the anchor of a basket of currencies and promises to exchange with legal tender at a ratio of 1:1. This is not only better than the network "cryptocurrency" not linked to fiat currency, but also more stable than the stable currency linked to single currency, which is an upgraded version of digital stable currency. Its mission is to "build a simple, borderless currency and financial infrastructure for billions of people."; Libra is a stable currency supported by a basket of currencies (reserves) and managed by an independent association (registered in Switzerland) running on the blockchain platform
I think so
At present, virtual currency is becoming more and more popular, and even becomes a kind of universal currency in the world, such as Tianping coin. Some virtual currencies have evolved to have the characteristics of value scale, circulation means, payment means and so on, which is very unrealistic, A lot of use will make the country's financial order chaos< br />