FaceBook Libra. My thoughts. Part # 01

Facebook launches Libra using a false image of "democratization of access to crypto". According to them they will "empower" the masses by giving them access to a good / value that is worldwide in scope. Clearly they promise that billions of people in the world who are not currently banked will have access to a currency that promises to become the currency with the highest circulation in the world. They even talk about fighting poverty. Of course, they already have customers insured.

By January 2019 there were 2,271 million active users in FB.
If we consider that the current World Population is according to the data of Census.gov (2019) ≈ 7.545 million people. We would be considering 30% of the inhabitants of the planet.

We can get many interesting statistics about FB:
According to the study by WeAreSocial and Hootsuite, 43% of the potential reach of Facebook ads are women and 57% are men. 35% of the audience is under 25 years old and more than 90% access through mobile devices.

Interesting, right?

I would like to know the percentage of FB users who have knowledge about Crypto and Blockchain. I'm sure the number will be quite low.

The following link refers to a survey applied to 29,000 people and yields interesting but not conclusive results referring to general knowledge about cryptocurrencies:
https://medium.com/daliaresearch/how-many-people-actually-own-cryptocurrency-4ff460301520

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What Makes a Coin powerful?

It is said that the Kuwaiti Dinar is positioned as the strongest currency in the world, because its value drives its economy and the growth of the country, and its strength is backed by the production and export of oil worldwide.

But it is the American dollar that is present in all the countries of the world, it is used for international commercial and financial operations and it is a reference for the exchange rates, the world prices, besides that it works as an indicator for the reserves of the nations . Then by its superior adoption this coin is the most powerful.

What would happen in the world if one third of the world's population adopts Libra overnight for the operations of their daily lives?

The only option left to the nations would be to adapt. And because of the speed at which events are happening, they should already be working on this basis.

I have no doubt that it is the Government of the United States of America that is best prepared for this situation, since FB has been operating for a long time as a strategic tool at the service of this administration. This would give him a rather unfair advantage over other nations, but ... who cares?

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FaceBook Libra. My thoughts. Part # 02

FaceBook Libra. My thoughts. Part # 03