When Facebook first announced it was getting into the crypto business—with a basically unregulated currency called Libra—the reaction from Wall Street and government bankers was about as expected. Fast-foward a few months, and Libra is in trouble. The social media giant had lined up a long list of corporate backers for the initiative, including major players in the payments space. And in October 2019, several prominent backers began to back out. Here’s how Facebook’s crypto future got into serious trouble.
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
Why Facebook’s Libra Cryptocurrency Is In Trouble
Yeah 31% of adults don't have bank accounts and the percentage are higher in developing countries. Plus it can reach far flung areas. Definitely good as US dollar if not better.
Libra should double down. For the most unpredictable insane blow up ever. Perfectly positioned I’d say
futura. 3030. eos,zemex and trappist2 will work with libra. major trading banks…………will nytt exist . never be scared of yo grandchild!! them live in the New world!!!!!!!!!!!!!!(2800isx)
I have been trading in real estate for a while now and a lot of people talk about cryptocurrency. Who else thinks this crypto trading is kinda easy but is way to nervous to start
I have incurred so much losses trading on my own..I trade well on demo. But I think the real market is manipulated. Can anyone help me out or at least tell me what I'm doing wrong
ハッキングされて仮想通貨を失う→ゴックスする
狙われたのはブロックチェーンでなく、仮想通貨の取扱所
穂っとウォレット：銀行の窓口
コールドウォレット：銀行の金庫
コインチェック事件：すべてのお金を窓口に置いていた。それを撮られた
コールドウォレット取ったのはワイスピ５
準備ができてないのにバズっちゃった
（バズって売れてトークが下手、的な）
ビットコインは外貨ではないから、中国で規制されなかった、から死に物狂いでビットコインを集めに行った。
仮想通貨のリスク
①ハッキング②中国の独占
通貨としては難しいが、投資としては興味深い
→暗号資産と命名
イーサリアム
→お金だけでなく、情報のやり取りもできるようにした。（契約版仮想通貨）
管理者が居て、その管理下で仮想通貨の送金が送れたらいいよね。
今の通過と仮想通貨の間をとろうってのが始まった。
その大本命がフェイスブック
Libraは価格を安定させた。
なぜ？
→後ろに巨大な資本を置いといて、それと交換できる
それだけの資金がどこから調達？
→すでにVISA、マスターカード、Paypal、eBayと手を組んでいた
銀行口座を持ってない人も、スマホを持っていたら使えるのがメリットやな
リブラが円にもドルにも交換できたら、それは円持つ奴いなくなるわな
国家VS巨大企業、
It is clear BTC has proved it's use case during this uncertain times. We need more experts like Mr Ryan Donald, who educate people on the evolution of the market so
people avoid common mistakes. so they don’t walk out of the market feeling frustrated! Keep up the great work! Raised over 24.6 BTC when I started at 2.3 BTC in just few
weeks implementing Ryan Donald daily trading signals and tips.
Libra failed solely due to the fact Zuckerberg only made it available for institutional investors, and the problem is, instutional investors are not the majority of the population!
Please help me 😭😭
Libra is cheat all people who is trusted 😭😭
We ALL should fight against ANY mass digital currency banking by government backing because if they figure you're not following "rules" they lock your money. Say U didn't get vaxed or anything. Scary
But if we think about it the banks and NBFCs are not wrong. many times government has to regulate the economy of a country through monetary polities and decentralised currencies would be difficult to control, there would be other disadvantages too of course many of them are to the banks and NBFIs or NBFCs but on the scale of regulating the economy it would be very difficult and who know a situation like the late 2008 financial crisis would come but government wont be able to do anything. my last point would be why a new digital currency we have wallets in which our old currencies is acting like a digital curreny why risk having a dicentralized currency which could go wrong in many ways. What I think is the idea of libra is good if mark wants to apply it inside the Metaverse, so buying or selling something in metaversre would require only libra. And i could see libra become an offical metaverse currency rather than bitcoin or etherium because it would be so much stable and people would trust it and In my opinion, bitcoin, etherium, etc would never be accepted as a real currency and will only be used for investment or trading purposes.
This man has much to answer for
Aimed at the low valued, to continue to promote low value.
Look what promoting low value has done to our world: terrorist backed fighters, Faithlessness while championing atheism, welfare states, etc…..
IM COMIMG AFTER YOU MARK ZUCKERBERG
Companies are always rushing to help you spend your money faster. For years, they have been helping you spend your money before you have it.
I have finished watching this video completely.
(我看完這部影片了)
I am a Taiwanese who cares about the global affairs.
(我是一個關心全球事務的台灣人)
And, sadly, most of my fellow Taiwanese don't really care about the world.
(但是，很不幸地，我大部分的台灣同胞不那麼在意世界。)
Hopefully Taiwan can become increasingly globally-aware and globally-competitive.
(希望台灣可以越來越有全球意識與全球競爭力。)
God bless Taiwan.
(天佑台灣。)
Don't miss to join $SPACE trading & deposit event ongoing in #BigONEexchange with $20,000 to be given away! 🥳
⏰15:00,7/19~15:00,7/26 (UTC+8)
1️⃣Deposit & share from $10,000
2️⃣Join trading contest & share from $5,000
3️⃣Rewards for new users
https://twitter.com/BigONEexchange/status/1417018904900038656/
A financial system free from many of the burdens and pitfalls created by trusted intermediaries and powerful masters sounds like a beautiful future we should all want to usher in.
Facebook's Libra (liberty) coin has become Diem (day) coin – which basically means Facebook in the end 'called it a day' 🙂
Facebook and Google have huge lobbying offices in DC. I think they have more influence that this video says.
I hope they shut f**** Facebook down it's controlling what people say the narrative that this company is using is for their own benefit people are scamming each other posting videos and you're not allowed to have a opinion on the matter and you want to be blocked for 7 days f*** Facebook don't need it hope they shut it f**** down
Claro está más que comprobado por mi que feisbuk no sirve así de sencillo por conspiran contra la libre esprecion derecho ineyenable del ser humano a expresar o desir en el mejor sentido de las palabras aser libre y feisbuk sensura y le da muerte al consumidor en estos términos que aplica al consumidor y quien no sirve para servir teniendo un negocio dentro de usa para servir al consumidor que es quien tiene siempre la razón no sirve ni para existir así de sencillo se csgaron en los pantalones con el consumidor recojan sus maletas y acepten que ya muchos de los conocemos no queremos ni saber del color del sepillo con que se lavan los dientes descardos eso es lo son.
Doesn’t the dollar finance drug dealers, terrorist and etc. right now … they just want a cut lol 😂
I'm getting I wanna be rich
If libra comes, i would probably used in here in IRAQ, because we are also humans and would like to buy services such as spotify or netflex or ebooks from the internet.
If Zuck talks he lies.
Its like directly using your Mutual fund amount for purchasing goods without withdrawing and waiting time, It will be similar to bank, only that libra will provide high/low interest every second. One have to use the central bank currencies to deposit, there is no competition in it.