Facebook co-founder: Digital currency Libra is scary

According to The Statesman, Facebook co-founder Chris Hughes called the new digital currency Libra "frightening." He said in a series of tweets on Friday that Libra still has a long way to go before it succeeds, but in theory it is outstanding and frightening. Earlier this week, he thought the problem would be to strengthen Facebook's corporate strength, but now the problem is different, and even bigger: there is a new layer of currency control between the central bank and the individual. The so-called “decentralization” of Libra supporters actually transfers power from the central banks of developing countries to the central banks of multinational corporations and the largest economies. If Libra succeeds, this problem will be greater than Facebook's gain. We will have to answer, we want a global currency that is primarily managed by for-profit companies, private companies or public companies.