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Facebook's cryptocurrency is way more ambitious than bitcoin, says Tally CEO Jason Brown





Jason Brown, Tally CEO, an automated debt manager and financial app, joins “Squawk Alley” to discuss the differences between Facebook’s cryptocurrency Libra and bitcoin.

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35 comments

  1. My investigation for Interpol, CIA, NSA, FBI and MI6!!! Time to wake up!!! WiseBanc the most WANTED!!! Read below…

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  2. Auto invest your spare change in Bitcoin and other Digital Assets when making everyday purchases! 🔥🚀… https://www.roundlyx.com/

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  3. sheeple

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  4. This guy is clueless.

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  5. Dollar $, Euro €, GBP, Yen are back by nothing (gold standard canceled by President Nixon 1971). So, Facebook "Libra" is backed by Dollar $, Euro €, GBP, Yen. In conclusion Facebook Libra = backed by nothing

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  6. "well, yes! I AM the biggest dush on planet earth. Thank you!"

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  7. ohhh yeaahh lets keep our money on FB YOU DUMBAAASS..

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  8. He doesn’t understand anything.

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  9. Im convinced , Selling my bitcoin . all in Libra . LOL NOT

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  10. Libra – The AOL of crypto

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  11. I already bought me some libra coin Im Glad i did 🙂

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  12. Bitcoin is NOT primarily about "betting this asset is going up." It is about a TOTALLY decentralized financial system creating a "digital gold." Yes, the first investors/miners will get rich, but that's like every other invention. Those who take great risk at the beginning get the reward. It's ironic that this guy would impugn the motives of many Bitcoin believers while he pushes a supposed competitor that will undoubtedly net millions in various fees.

    Libra is a hybrid of a crypto and a fiat: a "stablecoin." It will be based on a basket of currencies. Almost certainly USD, EUR, GBP, AND JPY. Thus Libra can't be a threat to those currencies; only smaller currencies. Bitcoin is a potential threat to ALL currencies if successful. Libra is a worthy experiment that could be very helpful to those in the developing world, but never compare it to Bitcoin directly. Bitcoin is Libra on steriods.

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  13. Ambitious is a big world for this shit. Who paid you to say that?

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  14. This guy just showed us how much he clearly doesn’t know about bitcoin. Lmao

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  15. Sounds like he is talking about bitcoin. Libra doesn't even have a Main net yet, how is it different ?

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  16. Right so now they talk positively about crypto just because it’s Facebook

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  17. Dumb ass coin I promise. Libra sucks do some research and read what it says.

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  18. No person in sight at the center of bitcoin, yet we know their intentions…..

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  19. bull shit! your all lie lie lie lie!

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  20. Imagine a Bitcoin, except not decentralized, that steals your private information and provides it to Facebook as well as associates and the government, and provides no protection against a global monetary crisis. That's Libra. Sign me up.

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  21. Bitcoin is the hedge against Facebook ever becoming a world wide banking behemoth. THANK GOD for Bitcoin.

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  22. Your money and a bank is back by the FDIC. Your bank or credit union can protect you from fraud use. They can return your money if stolen by criminal activity. Will Facebook do this? I highly doubt it.

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  23. A Facebook stablecoin tied to global currencies that have infinite supply. 🤔. What happens in a world economic recession. 🤔

    Does this guy even know what bitcoin is.

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  24. David Marcus did a good job of a simple explanation of the difference between libra and bitcoin. Bitcoin is an attempt to create an artificial value outside any government control. The key value of cryptography to bitcoin is establishing a limit on the number of bitcoins that can be created. The goal of bitcoin is to con people into believing that the limitation on the number of bitcoins gives it some magic value. By contrast libra is an exchange mechanism. Somebody buys some number of libra with some national currency and exchanges those libra with someone else. The libra always have a fixed value in national currency. It is not totally clear how the pool of national currency that has been exchanged for the digital coins will be managed. But, presumably it has to be something like a bank checking account where users can exchange unlimited amounts of their digital coins for national currencies any time they want. The value of cryptography for libra is just facilitation the transactions that exchange the digital coins. The only real change to government control from Facebook's project is getting around American government control of international dollar transactions.

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  25. Sounds like a jew hyping a stock. then selling

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  26. Nice joke

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  27. This is aimed at the developing world. Trust me they dont care about privacy. They just want a store of value.

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  28. Do not underestimate Bitcoin. I did once before. But I will never again.

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  29. Good joke

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  30. Oh yeah…. Facebook, the disrupted, his is the best comedy show on YouTube. Get out of here lol!

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  31. This is a joke

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  32. Yeah Facesbook is where I want my money. ROTFLMFAO!

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  33. I mean this is obviously payed promotion.
    The whole reason for crypto currency is because its decentralized, having a "Facebook" coin, backed by all these institutions (and even financial institutions) defeats the whole purpose of crypto. This is just another"in-game" currency that is no different from video game currency. This is way over-hyped.

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  34. Give us your money! Sincerely Facebook.

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