So welcome to my first article on Steemit. I am very excited to be here and share my knowledge of life and become a life mentor.
Yes, check an article on how I became a member of Steemit , it is a compelling experience which I am grateful to Steemit to transform it into an article.
Here I am going to share my knowledge and experience in the field of cryptocurrency, trading and mining of cryptocurrency. Also focus on Libra and invite you, my reader to learn and discuss in the comments what Nobel Prize winning economist, Joseph E. Stiglitz thinks of it.
So cryptocurrency is digital currency that was launched by someone called Satoshi Nakamato, in 2009 and the currency became a major actor in transformation of global economy. It is very popular among millenials since it is an easy way of earning. Trade and mine cryptocurrency on global platforms: binance, bitmex, and coinbase. There are more of platforms and make sure they are reliable, fake trading platforms are common these days. This earning way mostly carries high risks where a big amount of investments can be lost in a second. So if you are a risk taker and love challenge, go and try it. Make sure you start small, not to regret it.
Libra is a crypto coin like bitcoin, ethereum or litecoin. Libra is an interesting title, but is not the one from horoscopes. It is developed by Facebook for mostly Facebook trading transactions on marketplace. Facebook our ex-digital love. If you are like most social media users and me being a part of them, you can observe a growing trend of Instagram becoming more popular than Facebook. Calibra a specific digital wallet, is created to store Libra coins. Calibra, for me is trustworthy wallet and here are some partners and venture capital investors:
"Partners [...] in the payments space: Visa, Stripe and PayPal, which will be able to help merchants accept Libra. Some tech companies are also on board, including eBay, Lyft, Uber, Spotify, and Latin American payments platform Mercado Pago, which could drive adoption of acceptance of the currency. Two European telecom companies are also involved, Iliad and Vodafone.
Venture capital investment companies involved have experience with digital payments: Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, and Union Square Ventures. Nonprofit and academic organizations on board are focused on helping people who don’t have access to banking: Creative Destruction Lab, Kiva, Mercy Corps, and Women’s World Banking. And four blockchain companies are involved: Anchorage, Bison Trails, Coinbase and Xapo Holdings." https://www.cnbc.com/2019/06/17/facebook-announces-libra-digital-currency-calibra-digital-wallet.html
Joseph Stiglitz, Nobel Prize winner in Economy in 2011 currently teaches at Columbia Business School. He is skeptical about Libra coin. Here is his recent outrageous article on distrust to Libra coin https://www.marketwatch.com/story/every-currency-is-based-on-trust-but-only-a-fool-would-trust-facebooks-cryptocurrency-2019-07-02
So Libra is to be realized in 2020th, already soon. Before it is here make sure to inform yourself and make smart investments. It is inevitable the change cryptocurrency brings to the global economy.
Hope you enjoyed the article, and would love to hear your opinion on cryptocurrency and Joseph Stiglitz’s claim that investing in Libra is distrustful.