Libra: is the cryptocurrency market an opportunity?

١٩ يونيو ٢٠١٩

The news of fb's issuance has been circulating for some days. Actually, I don't think it is any special, because since sce started to audit etfs, there has been no exciting news in the digital money market. But I see a lot of people saying this is a big positive for digital currencies, so I'd like to make a point.

First of all, there is a big difference between the transaction of digital currency and the digital currency based on the block chain technology. We can use narrow sense and broad sense to describe it. Digital currency is a technology, so it should be widely used in the future. Not long ago, Morgan coin was an example. However, the digital currency transaction, more commonly known as speculative currency, does not help the future application of technology, but only satisfies the desire of speculators.

Based on digital currency technology, fb will release its own tokens, which is a great benefit for Internet giants, and also brings more empirical evidence for the application of digital currency. But for the coin circle, or speculation, really not, it is just the Wolf!

Want to know the current tokens, projects, really has a few application scenarios, including the currency of a large number of transactions is notes of false prosperity, however, and the digital currency itself has many problems to be solved, so always can't get the identity of regulators, of course, some people say that decentralization is not regulated, but fb is centralized, he is regulated, so you think he is issued tokens, good, so how are logically falsified?

As we all know, the group purchase market in China has seen a spectacular scene of thousands of groups fighting, and then after alibaba, jd , baidu , tencent and other giants entered the war, the process of centralization was quickly completed, and only a few oligarchs such as xinmeida and elmo were saved. Looking back at the history, we know the future of the coin circle. If the giants are quickly attracted to the market, the result will be rapid centralization, which will eventually make the current project dead and dead.

Regulation, of course, is one way out of the digital money market, but was Mr Nakamoto's original intention? Does the market really want the future then? If these problems can not be solved, where does the good come from?

Of course, fb will not allow its scrip to live in third-rate exchanges that are always out of line. They may set up their own trading system. In that way, for our market, it is only a siphon effect, not a good thing at all.

Therefore, I believe that neither Morgan notes nor fb tokens are good for our current market. Or good development of their own projects, in order to take a place in the market in the future and work hard.