Alright, so listen up, y’all. This here thing, this “west libra” thing, it’s got folks talkin’, even me, an old woman who ain’t never seen nothin’ fancier than a five-dollar bill. They sayin’ it’s some kinda new money, like them fancy “cryptocurrencies” the young’uns are always yappin’ about.
Now, I ain’t no professor, ain’t never even been to college, but from what I hear, this libra ain’t like that bitcoin stuff. Bitcoin, they say, anyone can get in on it, diggin’ for it like potatoes in the field. This libra, though, it’s different. Only certain folks, big shots probably, get to play in that sandbox. They gotta get the okay from some fancy group, the “Libra Association” they call it. Sounds like a bunch of city slickers to me.
And another thing, they say makin’ this digital money is different too. With bitcoin, it takes a good ten minutes to make a chunk, like bakin’ a cake. But with some of these others, it’s like instant coffee, bam! Done! It’s all about how they check things, make sure nobody’s cheatin’. Makes my head spin, all this talk.
Now, I’ve seen a lot of things in my time, seen the price of eggs go up and down, seen folks try all sorts of newfangled contraptions. But this money you can’t even hold in your hand, well, that’s somethin’ else. They say it’s been around for a while, this digital money thing, more than ten years they tell me. But it’s this libra thing that’s got everyone in a tizzy.
- First off, they got these “payment cryptocurrencies,” like regular money, I guess, for buyin’ stuff.
- Then they got these “tokens,” whatever those are, sounds like somethin’ you’d find at a carnival.
- And then there’s these “stablecoins,” maybe they don’t go up and down so much, like a good ol’ rocking chair.
This here libra thing, it’s supposed to be different, they say. Folks are arguin’ about it, some thinkin’ it’s the best thing since sliced bread, others sayin’ it’s a whole lotta trouble. And that Facebook, the place where the youngsters post all them pictures, they’re the ones who started this whole mess, they announced it back in 2019. Always up to somethin’ those city folk.
I hear some smart fella, a professor from some fancy university, he’s been talkin’ about it. And them folks in Congress, they’re askin’ a whole heap of questions too. Seems like nobody really knows what to make of it. But they say this libra thing, it’s supposed to fix some problems with those other digital monies. Problems like how they jump around in price all the time, like a scared rabbit. And they say it might be easier for folks to use, not just for the tech-savvy youngsters.
So, what’s this old woman to think? Well, I reckon time will tell. Just like we waited to see if them horseless carriages would catch on, we’ll see if this libra money is here to stay. Me? I’ll stick with my cash, the kind I can feel in my pocket. But who knows, maybe someday even I’ll be buyin’ groceries with this “west libra.” Stranger things have happened, I suppose.
But one thing’s for sure, this digital money stuff is changin’ things, whether we like it or not. And this “west libra,” well, it’s just the latest wrinkle in this whole newfangled world. So, keep your ears open, folks, and pay attention. ‘Cause even an old woman like me knows that when things start changin’ this fast, it’s best to keep your wits about you.
Tags: Cryptocurrency, Digital Currency, Libra, Facebook, Stablecoin, Payment, Tokens, Finance, Technology, Blockchain
