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Facebook’s Libra cryptocurrency explained
They’re not called Zuckerbucks but Facebook just reinvented digital money. Facebook’s Libra cryptocurrency that will launch early next year is more like PayPal than Bitcoin — it’s designed to be easy enough for everyone to use. But it’s still complicated to understand so I’m going to break it down for you nice and simple. For…
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Jason Good
July 1, 2019 at 2:23 am
Another step closer to a cashless society and Mark of Beast system. Don’t believe in this game crypto currency system. China is using social credit score in which Facebook is trying to copy it. The Beast system is coming from red dragon China. It is all about control & tracking. Beware!
Dj671993
July 1, 2019 at 3:43 am
It’s just a digital currency not a crypto. Would be better if those families had an easy way to get into crypto rather than putting their money in libra.
Man from Nantucket
July 1, 2019 at 11:14 am
Calibra 2020 = WeChat Wallet 2015… digital currencies. Nothing new here.
Johnathan Ayala
July 1, 2019 at 1:02 pm
This is a fake cryptocurrency. Just another way to trap you and steal your information.
Aleus 10
July 1, 2019 at 2:07 pm
agatha helena
July 1, 2019 at 11:50 pm
i made 5btc hack from vastrangelinks,com they are awesome
Pat W
July 2, 2019 at 12:42 am
Thanks for explaining
Antoine Despres
July 2, 2019 at 12:49 am
Bitcoin will eat this shitcoin.
mark garland
July 2, 2019 at 4:44 am
You know the social media fools will rush in to grab the $$. We are all, how would you say it, ah.. “fucked”.
Depnialex Pakpahan
July 2, 2019 at 5:41 am
What I really take from this video in the end after a couple of replays and a friendly visit to the comment section.
Starts at 2:36
“They each paid AT LEAST 10 MILLION DOLLARS TO GET A VOTE IN THE LIBRA COUNCILS”…… Hmmmmm
Shrreyo
July 2, 2019 at 6:04 am
I came here only for BITCOIN comments
EctoMorpheus
July 2, 2019 at 8:01 am
Why the fuck are they not called zuckerbucks? What’s wrong with their marketing deparment
David Bond
July 2, 2019 at 11:04 am
Fuck this shit. Facebook already is an evil cancer, we dont need this
YS Chan
July 2, 2019 at 5:34 pm
Do you know that Bitcoin’s success literally based on the fact that it’s a perfect tool for money laundering, somehow anonymous for transactions and gambling style speculation?
JOKE of the day: Facebook is a trustworthy company in term of Privacy!
Jannib Andelo Bayutas
July 2, 2019 at 7:36 pm
It’s just like XRP! LIBCRAP!
Davrian Bose
July 3, 2019 at 6:05 am
Scoot of wechat
Nautilus1972
July 3, 2019 at 11:33 am
Who’s going to buy this shit? Muppets. let them. It is NOT a cryptocurrency. In no way shape or form. It’s Zuckbucks … for muppets.
Saumya Brata Dutt
July 3, 2019 at 12:06 pm
What the heck is with this video?
Sundiata Keita
July 3, 2019 at 12:47 pm
be gone libra nobody wants you
Noam Levenson
July 3, 2019 at 12:52 pm
What if we could use Libra with a non-custodial wallet? ZenGo just did a PoC for adding Libra support to their wallet. With threshold signatures, anyone could transact with Libra without a custodian.
Ramon Bril
July 3, 2019 at 8:23 pm
paypal reinvented?
Dan Hall
July 4, 2019 at 2:04 am
Facebook is the most powerful company in the world and they have barely scratched the surface of what they will eventually become.
Samy Boucherit
July 4, 2019 at 9:33 am
“Bitcoin can only support 7 transactions per second” Ok I stopped here. Check what Bitcoin really is and correct this video. And I’m not even thinking about Lightning Networks
Daniel M
July 4, 2019 at 12:04 pm
Tahnks alot for that info!!!!
Chams Eddine Chakroun
July 4, 2019 at 1:14 pm
fake name cant call cryptocurrency, it’s only new digital payment system that will be always be based on Fiats
SAY FAMI
October 25, 2019 at 7:49 am
LIBRA ♎️ PLEASE MAKE IT HAPPEN FOR AFRICANS SAKES ✊🏾✊🏾✊🏾. NO TO STUPID AFRICAN CURRENCIES AND FRANCE IS AFRAID OF ITS MONETARY AGREEMENT WITH ITS SLAVE AFRICAN COUNTRIES!
Li Han
October 25, 2019 at 12:56 pm
Just think about it: will you trust a single company for handling a worldwide currency. It is that simple.
S Mode
October 25, 2019 at 2:31 pm
-No, you are actually converting your US dollars etc into Libra. Paypal kind of “holds” your money, Libra is like crossing an international border and exchanging your money.
-Facebook, who we couldn’t trust with our privacy, made Colibra, a subsidiary of Facebook. So yes, FB will have access to your financial information.
-Get a ton of people to exchange their money to Libra then “Whoopsie, the value dropped to 0” or “Whoopsie, we got hacked and all your Libra are gone” and you are not protected like you are in a regular bank with FDIC. Imagine the amount of wealth that could be transferred up to the participating companies from us citizens with a precisely timed “Whoopsie”
-How many people in third world countries have photo ID?
-You’ll pay the same fees you pay through regular banking without the protections.
-Zuckerberg and company, who got elite level rich by taking your data without paying you for it now wants to also control your money.
No thank you.
ricky yacine
October 25, 2019 at 6:53 pm
In other word zuck will be risher and you poorer
Lynn Moon
October 26, 2019 at 1:08 pm
Just a way to move money to Facebook. Obviously they make money off this. Hmmmm. I think I’ll use cash. No premium if you use a bank card compared to a credit card.
Infographic Instant with Bryane Michael
October 26, 2019 at 1:49 pm
very well done (the vid). Thanks for the time/effort u put into this!
rockytunes89
October 27, 2019 at 1:21 am
@3:28 The 1,000 transactions per second isn’t near enough if you consider that in the future about 6 billion people will want to transact. That would mean each person could transact only once every 64 days.
LU DEL
October 27, 2019 at 1:52 am
I don’t know man, this seems suspicious and dangerous. kind of a new world order type of thing…
John James
October 27, 2019 at 11:38 am
Seems like bitcoin is done. Who would use crypto backed by nothing when they could have all the benefits of crypto currency plus it’s backed by a real basket of international currencies. I guess the only thing that might be better would be crypto backed by gold and silver.
Fernando Luna
October 27, 2019 at 1:49 pm
So let me get this straight. I turn in a dollar and get a Libra which is backed by this Dollar, euro, yuan, pound. Ok so who will handle trading the currencies because they move against each other. And how do currencies produce interest? OK so lets say that these investors sitting in Switzerland are going to pick stocks to back this up too. Well they will be just another idiot player in the market. What makes you think they will pick good investments? What if their picks go south and they lose which is very possible? What a fucking joke this is so far! I haven’t found i vid or article which has said anything correct at all. This TechCrunch hasn’t the foggiest idea what is going on either. And I like the way they mention that Libra can transact 1000 trans per sec. How in the hell do they know this.? Libra doesn’t even exists. LMFAO!!!
Mikko Tenhunen
October 27, 2019 at 3:28 pm
Yes let’s throw more money on one of the richest companies in USA
Freddie Mukendi
October 30, 2019 at 5:34 am
Rather sign up and try never get left behind. All the negative comments will not hold me from joining. People said the same thing about Bitcoin I should have become a millionaire today had I joined.
Parama Shiva
October 30, 2019 at 1:48 pm
lizard+berg=libra. hahahaha.
Btw, its not cryptocurrency.
Its centralized. No blockchain involved.
Berg is trying to be bank now.
Pure sign of illuminati.
Otherwise, how did Facebook won over MySpace?
Facebook was shit.
MySpace was very successful.
I can see a lot of conspiracy here.
Further, never trust guy Berg when it comes to data.
Villainous -
October 30, 2019 at 5:15 pm
I don’t understand! I already use a made up currency to pay for all my shit anyways, it’s called money, and also has no actual value. Why would I need to double down on the make believe?!
Liesje Verbeek
October 31, 2019 at 10:50 pm
The economy of data currency.
What is it ? DTC or data currency is random data that is used as currency it derived its value not from gold or blockchain but from the number of people on earth.
How does it work ? In a nutshell after birth a small computer is implanted in the body, microscopic fibers are connected directly to the nerve system this computer is unique to the person who gets it no other person can use it .
The unit is activated and automatically generated random data just once and zeroes the start value is the price of gold on 11 November 1911 at 11 hours new York time . If the price was say 10000 dollars for 1 kilograms of gold than the price of 1 DTC would be 1/1000 or 10 dollars for one DTC.
1.333 kb per second will be generated from day one until the day you die = 1.33 equivalent dollars per hour for life for the person and 0.333 for the common good aka taxes , yes there no other way to get government worldwide wide to step away from their current system of fiat currency and the endless borrowing and overspending . Under DTC rules the taxes will be split three ways.
The first part is for healthcare, maintenance of infrastructure, education defense science etc.
The second part is for the biggest spaceprogram ever I call it The new way project, investing in space infrastructure and later visit Mars, Europa,venus, titan and obviously or closest neighbor the moon .
The last part of the taxes are divided over ALL people on earth .
If you need more DTC’s you will need to work for it nothing is free after all
The money you lend will have a fixed 3% interest no matter how long the running time max time for private persons and businesses is 40 years.
That ” interest ” will be divided by two in a 70/30 ratio 70 for the lender tax free since DTC’S that you work for or provided a service ar NOT taxed and 30 for the common good see taxes.
You buy a car for 2000,699 DTC, place your hand on a palm scanner you pay done no fee no middlemen = lower cost faster payments.
This will redistribute the whelt of the world more efficiently than today is the case.
Formula ( 1.333 times 3600 seconds and 0.333 per second for common good per person alive)
More in detailed information on DTCwhitebook.org join the project if your a programmer.
Copyright DTc r and the DTC logo ₩ is property of J&a Corp.
The DTC palm scanner is property of Sony Corp. The DTC software is property of apple inc. And organ inc.
Pat Mar
November 1, 2019 at 1:01 pm
whats the point? doesn’t sound very cryptic
Russian REAPER
November 2, 2019 at 2:07 am
Mark of the beast
Ethan K
November 5, 2019 at 6:08 am
Where is the wavy three line emoji wtf?? Crap video
Po Prostu Łukasz
November 6, 2019 at 12:07 am
Great, next step for New World Order 😉
FreeBird always
November 14, 2019 at 1:07 pm
Another control freak idea
Zach Flannery
November 15, 2019 at 3:55 am
This is huge this will destroy Bitcoin and all those other digital coins
music & memes
November 17, 2019 at 8:29 pm
How do I buy Libra cryptocurrency
Dato AJ
November 24, 2019 at 2:38 am
Assalam & salam sejahtera…
Dato/Datin/Tuan/Puan serta saudara-saudari sekalian…….
*FACEBOOK AKAN MELANCARKAN CRYPTOCURRENCY NYA SENDIRI “LIBRA” PADA TAHUN 2020*
————————————————–
*Video tentang LIBRA*
*Libra cryptocurrency milik FACEBOOK dan akan menjadi cryptocurrency terbaik & Potensi menjadi No.1 di dunia mulai tahun depan.*
Saat ini harga 1Libra = 1 $, prediksi tahun depan setelah Launching 1Libra =10$ – 100$, bahkan boleh naik terus hingga 1000$ – 20.000$ dan akan mudah bersaing dgn harga Bitcoin..
Mengapa ?
*Anda Pasti tahu Jawabannya, siapa diantara kita yang tidak memiliki Facebook….*
*Silakan Ambil PERCUMA cryptocurrency Libra kamu, KLIK Klaim setiap 1 Jam 1X*
Saat ini Facebook berkomitmen memberi 1000000 coin libra PERCUMA kpd masyarakat dunia sebelum launching.. Dan setelah itu masyarakat harus beli coin Libra melalui *Market Global*
*Daftar segera diwasap group saya sementara masih dapat *free 3 libra* 👇👇👇
thabiso mbingo
November 25, 2019 at 9:22 pm
Mr robot is here
Mélissa Amouny
November 30, 2019 at 7:28 pm
@techcrunch would you please be able to add French subtitles to this video?