Libra, Facebook’s new cryptocurrency, explained

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  • Published on Jun 18, 2019
  • On June 18, Facebook announced the debut of its digital currency Libra. Here’s some background on how the initiative works. Subscribe to The Washington Post on TVclip: wapo.st/2QOdcqK
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  • Science & TechnologyScience & Technology

Comments • 369

  • ho frankie Frankieho

    Libra will work.

  • K Choi
    K Choi 5 days ago

    Your comments have been deemed offensive. Your libra account has been frozen for 3 weeks.

  • eltiolavara9
    eltiolavara9 12 days ago

    "hey you know how we monitor everyone and act really fishy and evil? please give us your money"
    -reptilian overlord, android 24264E, mark zuccerberg

  • Ric Sta
    Ric Sta 17 days ago

    Think about it, LIBRA shall BALANCE it all out. No more tax returns, nor need to Vote for, or against, any & all potential reforms. Along with 5G by Huawei Technologies, it is getting Much Easier to earn a Living?

  • joeysn7hvn
    joeysn7hvn 17 days ago

    Oh , so this Crypto banking is mostly for 3'rd world countries with no access to banks , or very little access ? I thought it was U.S. based ? Where will the HQ be ? San Fran ? Does this fall under World Bank or Securities and Exchange ?
    "signed too lazy to google"
    edit - An outer space Cayman Island tax ...

  • FunnyPolitics
    FunnyPolitics 20 days ago

    Libra is not a cryptocurrency, it is a digital currency.

  • Jimmy
    Jimmy 22 days ago

    I trust Facebook. 😂😂😂😂😂😂😂😂 Not!

  • Everbornn Jackson
    Everbornn Jackson 23 days ago

    Bothers the hell out of me that Coinbase of all companies to be one of the "founding partners" smh

  • Sobra
    Sobra 23 days ago

    Your life has been suspended for hate speech

  • Sobra
    Sobra 23 days ago

    50 50 Like and dislike

  • J Guillory
    J Guillory 24 days ago

    Trust yourself and just use Bitcoin

  • Barry Manifold
    Barry Manifold 25 days ago

    Looks like the rothchilds don’t have access to the financial system anymore.

  • No Name
    No Name 25 days ago

    Ew... Why would I want to hand over my money to a bunch of for-profit corporations to look after? What the hell? They already have enough power over people's lives. How tf is it even a blockchain if it isn't public?
    As if the corporate welfare state run by the oligarchic 1% wasn't enough, now Mark Zuckerberg is trying to implement an omniscient, omnipotent, omnipresent corporate dictatorship through the internet. F*ck off.

  • swordoftruth
    swordoftruth 25 days ago

    This is one huge con job designed to capture and control humanity. One huge ugly TRAP to enslave!

  • nic arb
    nic arb 25 days ago

    My question is: how do people who don't have a bank account input money on their libra account?

  • jesse canter
    jesse canter 26 days ago

    What a joke!

  • John a
    John a 26 days ago

    Don't trust FB. No thanks.

  • jeremy lolo
    jeremy lolo 26 days ago

    it begins

  • Orlando Brown
    Orlando Brown 26 days ago

    All of the critics of this missed the first minute of the video. Libra isn't for your everyday American. It's for places where banking is scarce.

  • Mohammed Mahmud
    Mohammed Mahmud 27 days ago

    It is hard to trust Facebook..

  • Rick James
    Rick James 27 days ago

    Now they can ban you from using your own funds if you post something conservative or sane.
    Where do I sign up????
    Can I work there for free too & pledge all I own to be managed by Facebook Communists?

  • CryptoCat
    CryptoCat 27 days ago

    Buy BTC bitcoin

  • Dian Rizky
    Dian Rizky 27 days ago +1

    Fakecoin

  • Guilherme Marcondes
    Guilherme Marcondes 27 days ago +1

    Where is mr robot ?we need you now

  • Dorian Moore
    Dorian Moore 27 days ago

    Trying to stay afloat.

  • George
    George 28 days ago +2

    Facebook has no credibility. The fact that they're spreading their tentacles into the monetary system is nightmarish.

  • Joe Cool
    Joe Cool 28 days ago

    Facebook SUCK

  • Joe Cool
    Joe Cool 28 days ago +1

    I hate fakebook no freedom of speech assholes

  • Logan Beri
    Logan Beri 28 days ago

    Libra is also a sanitary pad brand!

  • 0903photography
    0903photography 28 days ago

    Can you please NOT have a vocal fry narrator next time. I could hardly stand to listen. SMH.

  • Nathan Paul
    Nathan Paul 28 days ago +1

    Telegram Open Network 💪

  • Kandarp Vyas
    Kandarp Vyas 28 days ago +1

    So ECOIN from Mr. ROBOT is coming to life

  • Trevor Fitzroy
    Trevor Fitzroy 28 days ago

    you have been demonetized for wrong think. please standy for escort to reeducation camp.

  • HannuKaleviElo
    HannuKaleviElo 28 days ago

    FB try to tricking and lurking people!!!Beware...

  • HannuKaleviElo
    HannuKaleviElo 28 days ago

    Focus on this people!!!My investigation for Interpol, CIA, NSA, FBI and MI6!!! Time to wake up! Read below...

  • Drew Malhotra
    Drew Malhotra 28 days ago +2

    "libra association" sounds like an evil organization to me!

  • Dr. Thomas Fister
    Dr. Thomas Fister 28 days ago

    *nope*

  • F.B.I open up
    F.B.I open up 28 days ago +1

    Why name it libra


    Call it cancer

  • MrPippinsays
    MrPippinsays 28 days ago

    Mark Zuckerburg waiting for "dumb fucks" to flock to his shittocurrency like the lemmings they are.....

  • Sam Lee
    Sam Lee 28 days ago

    That's why I invested in Bliip Box Quantum currency

  • John Smith
    John Smith 28 days ago +2

    Facebook is the 21st century Rockefeller

  • cp1307
    cp1307 28 days ago

    I can imagine the future where zuck is testifying infront of congress saying "we made a mistake".

  • Claude Hayden
    Claude Hayden 28 days ago +1

    No no no no, Facebook cannot be trusted, break them up into the tiniest of pieces.

  • marissa whitley
    marissa whitley 28 days ago +3

    Should've named it Capricorn, then maybe it'd seem more trustworthy.

  • keBron solomon
    keBron solomon 28 days ago

    even though I am skeptical I am probably going to jump on it on the day it launches

  • red drib
    red drib 28 days ago

    at least pretend like you're not trying to take over the world

    • MrPippinsays
      MrPippinsays 28 days ago

      LMAO 😂 ikr? May as well just come out with horns and 666 tattooed on his face.

  • codecaine
    codecaine 28 days ago

    0:15 Displaying HTML code like they are doing something complex in the video. lol

  • ching Lin
    ching Lin 28 days ago

    I think ,
    Facebook Libra is an Application blockchain principle
    Information transparency, openness
    unicom's global currency
    direct cross-border, transfer, exchange currency...
    become the base currency system

    The difference between Libra coins and other digital currencies,
    Libra is the equivalent currency of an entity asset.
    Digital currency is the virtual currency of digital assets.
    Simply speaking, it’s like to China’s Alipay.

  • Roger Mortimer
    Roger Mortimer 28 days ago

    Interesting, but the worst vocal fry I've ever heard

  • Jeff AnTone
    Jeff AnTone 28 days ago

    time to howl wolfs and time to cry sheep....................wow .......... a lot of sheep .........wholly sheep there sure are a lot of you.

  • Ionel Capraru
    Ionel Capraru 28 days ago

    A stupid Libra is stolen from the ELECTRONEUM Coin.

    Visit the Electroneum coins page and you will see with your eyes.

    Thanks!

  • Robot Time Machine with Gray Bright. Tomorrow Show

    Oh heyyy and HOORAY LIBRA!!! Future money here we goooooo!!! Glad we don't need a time machine to get this magic internet money!!! Good times.

  • byram101
    byram101 28 days ago

    The complexity, lack of oversight and volatility is what has kept Bitcoin and Ethereum from ever becoming more than a cashcow for GPU makers and a hobby for miners. Libra keeps the Good, No cost transactions, Ubiquitous availability, and Blockchain security while removing other cryptocurrencies negatives like extreme value fluctuations. China has gone Cashless, it's time we caught up.

  • Marius Sârbu
    Marius Sârbu 29 days ago

    a new plan to destroy the peoples lives.!

  • CraigVader
    CraigVader 29 days ago +1

    And when he had opened the third seal, I heard the third beast say, Come and see. And I beheld, and lo a black horse; and he that sat on him had a pair of scales in his hand.

    And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.

    Revelations 6:5-6

  • AnkitSonic
    AnkitSonic 29 days ago +3

    zuckerbong is an alien

  • Brian Gann
    Brian Gann 29 days ago +3

    It will be 'governed' by elitists based in Switzerland. Nothing nefarious about all this I am sure..

  • M L
    M L 29 days ago

    It will be backed by a financial reserve for stability which is backed by....oh wait it is not backed by anything other than a money printer.

  • Shadow Banned
    Shadow Banned 29 days ago +5

    They "trust me", Dumb f**k's! lol
    'Mark Zuckerburg'

  • Carl Edgardo Bolipata
    Carl Edgardo Bolipata 29 days ago

    This is a great initiative. If you don’t trust Facebook with this. Then how did they get the other 27 organisations to opt in on this?

  • Atanizin AMK
    Atanizin AMK 29 days ago +1

    Stick it where the sun don't shine....

  • bob smith
    bob smith 29 days ago +1

    krypto is the forerunner to the Biblical cashless 666 mark of beast system!!!!!! WARNING DO NOT TAKE THE 666 MARK OF BEAST!!!!

  • Lukas
    Lukas 29 days ago

    Until the day you post a meme and facebook bans you and seizes all your funds. You didn't read the ToS yet again.

  • Battalon
    Battalon 29 days ago

    With PayPal you have a proven system and you can use it just like libra.
    It will fail.

  • Jonathan West
    Jonathan West 29 days ago +1

    Take the time to look up howdoo.....

  • joezephyr
    joezephyr 29 days ago

    What will be the exchange rate between Libra and the USD?

    .

  • Jeremy Andrews
    Jeremy Andrews 29 days ago +2

    I don't understand how this is legal. This is basically Facebook making their own currency to get around banking regulations, isn't it? I don't see why this should be legal just because they aren't physically coining money. I think it may even be unconstitutional. Article 1, Section 8, Clause 5 in the US Constitution grants Congress the power to "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures," and they vested all that power in the Federal Reserve. Why should we just allow a private company to create their own currency and use that instead of the US Dollar? One of the reasons Bitcoin and the like are currently tolerated is that they're most often viewed as investments and speculation, Libra is different... it's unambiguously a digital currency. I mean, if they let Facebook do this, it could potentially replace the dollar as the world's reserve currency, limit the ability of the government to collect taxes, and challenge the power of the Federal Reserve. Write your congressman and ask them to ban cryptocurrency or something, this is ridiculous and can't be allowed to continue.

  • fgfanta
    fgfanta 29 days ago +1

    And certainly I don't want FB to decide who get to spend his/her money. FB is already arbitrary censoring people from social media for its corporate interests, what is it going to do with its cryptocurrency? Oh and Mastercard and PayPal are into it... now I feel reassured! (

  • udlrfbak
    udlrfbak 29 days ago +1

    that just sounds like stupid with extra steps.

  • Caesar
    Caesar 29 days ago +1

    Here it is bois, one world currency