Dallas Mavericks owner Mark Cuban joined the growing list of skeptics warning about the apocalyptic dangers of Facebook’s cryptocurrency project, Libra.
In an interview with CNBC, Cuban made his position on the Libra clear:
“I’m not a big fan of what they’re doing there. I think it’s a big mistake […] but it’s only in the talking stage so we’ll see what happens.”
Mark Cuban and President Trump had a big falling out over politics.
But they reached the same conclusion on Libra, that it’s an unfortunate project.
Trump bashed the Libra along with other cryptocurrencies on the grounds that they are competition for the U.S. dollar.
Trump said Facebook and other digital currency backers would potentially help back illicit activity.
Cuban seems to share these concerns.
The Dallas Mavericks owner said that:
“I think globally and in countries where there isn’t a lot of rule of law, or a lot of government stability, or currency stability, then it could be dangerous […] There’s going to be some despot in some African country that gets really upset that they can’t control their currency anymore and that’s where the real problems start occurring,”
Finally Cubes and Trump have agreed on something, and hell hasn’t frozen over yet….yet.
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