Kantor kryptowaluty.pl już wystartował! Wymieniaj kryptowaluty po najkorzystniejszych kursach Wchodzę!

Mark Zuckerberg Defends Libra's Credibility

3 min reading
Facebook szuka wsparcia finansowego dla swojej kryptowaluty

Since the first introduction of Libra coin, it is on everyone's lips, and Mark Zuckerberg consistently emphasizes how trustworthy it is.

Libra and giants' support

On June 18, Mark Zuckerberg and his portal published Libra's white paper. It describes how the new coin will function and underlines the role of the Libra Association in the entire project. It also lists companies that have agreed to support the project, such as Mastercard, Uber, or PayPal. However, people are still doubting the decentralized nature of Libra - they wonder what will happen if Facebook takes full control over the money. Zuckerberg underlines that the construction of a financial system is not an operation that one company could do alone, and that his company is only a part of the entire project. The Libra Association is an independent organization, and Facebook is just one of its members. There are as many as 28 companies with a large reach who are also involved in Libra Association, so actually, it is difficult to talk about a cryptocurrency project that is decentralized since it is controlled by an exclusive group of global giants. Zuckerberg emphasizes that he hopes that at the moment of actual Coin's launch the number of companies supporting the project will reach one hundred.

Is it worth to trust in Libra?

There is one element that links members of the Libra Association - practically every single of them has struggled with personal data breaches in the past. In 2017, Visa and MasterCard fell victim to a hacker attack which affected nearly 200,000 people, and Uber and eBay had similar problems as well. Furthermore, it is probable that among all of these companies Facebook was the most troubled one, especially during the Cambridge Analytica scandal during which personal data of its users were used for political purposes, mainly electoral ones. It has to be said that considering all these facts it is hard to believe in Zuckerberg's words when he talks about unambiguous trust in his new project.
Currency Exchange rate Buy cryptocurrency

Dear customer,

We use cookies to provide our services correctly and safely. Cookies are small text-based data sets that shall be saved on the device you are using in connection with the use of this instnat website. Cookies are created in order to ensure proper functioning of thes instant website. By clicking the button "I accept and go to the website", you implicitly agree to creation of the cookies on your computer and to deploy automatic tracking and data collection and processing on behalf of the Tokeneo TEO OU. Click the above-captioned button is also tantamount to accepting website's privacy policy. Closing the notification by means of "X" is unequivocally connected with your consent. If you do not agree to any of the above, please discontinue using our Website.

“Cookies” shall make an identification of the software used by you and to customization of this instant website to your needs. Cookies contain the name of the domain from which they origin, duration of period of their storage on your computer and an assigned value.

Third party cookies:
We also use third-party cookies for the following purposes:

  • creating statistics - helping to understand the way Users use the Website, which allows to improve its structure and content with use of the analytical tools
  • defining a user profile - in order to display custom-tailored content in advertising networks.

External entities that might be source of any third-party cookies on this instant Website are as follows:

Using a settings of your web browser or by using pre-set configuration tools available in our service you can independently and at any time change the settings concerning your use of the “cookies”, specifying the conditionsof their storage and how your device is creating and downloading them. These settings can be changed to block the automatic handling of cookies in the settings of your web browser or inform about their placement on your device each time.

Detailed information about the options related to use of “cookies” is available in the settings of your software (web browser).

Service privacy policy

This instant document lays out the principles of the Privacy Policy on the tokeneo.com/news/pl website (hereinafter referred to as the "Website" or "Service"). The administrator of the Website is TOKENEO TEO OÜ (an Estonian law limited liability company) with its registered offices in Tallinn (in the province of Harju Maakond), at 19-7K Maakri Street (in the district of Kesklinna Iinnaosa), 10-145 Tallinn, Estonia, registered on 21.12.2018 in the Estonian Business Register under number 14630242, using the EU VAT number: EE102149487.

The full document to read the Tokeneo privacy policy is available in this document.

Advanced settings can be changed in your browser.