RE: RE: Facebook coin is coming 💰😋
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RE: Facebook coin is coming 💰😋

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7y

Sooooo...

Still learning some of the details. But seems (1) it's supposed to come out in 2020 and (2) the idea is actually that it's a stablecoin.

So then hodling the token won't really be a thing. Maybe it won't be perfectly stable tho and there's little games you can play, like try to buy and sell at $1.06 or whatever.

And also, probably not actually a cryptocurrency lol. My understanding is it's stable because the partners (like Uber etc) agree to accept it for $1. But so then I'd imagine what also has to happen is that the Libra association can create new tokens.

(Because otherwise demand might sometimes outweigh supply, and the token would be trying to be worth $1.20 or $2... and then you can't really expect Uber to keep accepting it for $1.. so I imagine there needs to be central bank style inflation, but I'm not sure)

Not sure I have everything right.. fact check and do your own homework.. that's what I have right now tho haha.. stablecoin, basically