Codename: Project Libra. More...

in #cryptocurrency7 years ago

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Hello steem family, I decided to share this with us. Some must have seen it and some not seen it. So i share this!


I stumbled on this subject of my post on Medium, a post by Michael K Spencer about Project Libra.


This is actually amazing as it means that Facebook is about to take part in the cryptocurrency world. Yea!


This activity on the part of Facebook means alot as other cryptocurrency would be affected positively and negatively.


By June 18th, 2019, it is said that a whitepaper will be released to the public to explain the basics of its cryptocurrency.


On that date the facebook token, which is GlobalCoin would be unvieled although Facebook might formally launch it in 2020.


Facebook stands the chance of becoming a bank for its users. Also, its name, GlobalCoin would not be global as some countries would be excluded from its list.


Centralization or decentralization looming?


Some Questions for those who could answer it

  • Where would steem stand?
  • How decentralized would the blockchain be by then?

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Thanks for your time on this post.
One good thing I do is to motivate us to achieve self-realization. Kindly check out my recent posts on achieving self-realization.


Thanks again for your time on this post.

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I am a member of the seven77 movement for steem on twitter pioneered by @nathanmars. Please, you can join other steemians to create greater awareness for steem and get good rewards for your efforts. If you got to be a member of #seven77 from reading my post, please, do well to tag my username @ajorundon on Steemit and @ajorundontega on Twitter.
Join #seven77 soon.

I want to use this medium to thank @nathanmars for the steem gift for being a part of #seven77 movement.

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I heard rumors about FaceBook starting into this. My biggest concern is that FaceBook "farms" information on their users to sell. I am not sure if I want to post too many of my photographs via them. I read in the past that once posted it is theirs...Could be wrong, but I use FaceBook on a limited bases and do not think it will change my behavior.

Since i have been on steemit, i hardly visit Facebook. If they release #globacoin, I feel the coin would just be for exchange and not to be earned from using the facebook platform but if not so, i might resume using it to earn some of it. Until then, steem on.
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