@tykayn your also assuming most people are smart enough to care 🤓

It's still coming, and backed by the USD. It'll be adopted by the billions of Shitbook users overnight.

@Wetrix
aha, I will counter that by talking about #duniter and the libre money, the only one who has solved the inflation issue, without debt and central authority, and which is making the universal revenue aiming for a libre society, already working. Time for some #Ğ1 (June)

@tykayn the problem is that as soon as libra comes out, crypto will not be de centralized anymore.

It will gain instant mass adoption and most if not all other crypto will die and it will be instantly centralized.

@kravietz oh your 100% right. Bitcoin is already centralized. 99% of it is owned by whales and miners.

The reason they don't go over 50% is cause I don't remember the details but there's basically a dump switch that makes it crash if it does.

It was supposed to prevent centralization but, like u said people just formed agreements. 🍃

@Wetrix Well, not literally a crash but it *allows* the pool controlling 51% to reverse transactions and cheat https://en.wikipedia.org/wiki/Double-spending#51%_attack

@kravietz when libra finally comes out it'll kill most crypto for obvious reasons.

1. Ease of use
2. Accepted everywhere
3. Backed by USD
4. Mass adoption

I wonder if even bitcoin will survive. If it does it'll be worth next to nothing.

If your investing in crypto I would watch the libra / Shitbook events closely and sell before it comes out.
🙃🐃🙃

@Wetrix Bitcoin will absolutely survive because its usage profile is orthogonal to Libra. The latter is indented as a currency for micropayments, while the only purposes of BTC are speculation and money laundering :) Other cryptocurrencies that have high volatility are quite useless for micropayments either, but stablecoins like DAI are really cool in practical use and I've been adding support for it on WebCookies.org