[ANN] LIBRA - Simple Global Currency - Reinvent Money - By Facebook - page 7.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

Quote from: alicea on June 19, 2019, 12:06:42 AM

Did they make any official comments yet whether they will do an ICO/IEO for LIBRA or they will be just minable?

NO ICO/IEO for Libra and Libra isn't minable. Libra is based on proof-of-stake. If you are ordinary people, you can't make money on Libra since it is like a 'stable coin'.

If you want to earn money with Libra, maybe you can be one of the founding members that paid a minimum $10 million, just what said below and you can read more about Libra there.

Libra is totally different on some cryptocurrencies that are totally shit and scattered over that doing such an ICO/IEO just to scam and steal people's money.

Quote from: https://techcrunch.com/2019/06/18/facebook-libra/

Each founding member paid a minimum of $10 million to join and optionally become a validator node operator (more on that later), gain one vote in the Libra Association council and be entitled to a share (proportionate to their investment) of the dividends from interest earned on the Libra reserve into which users pay fiat currency to receive Libra.

jqprez

member

Activity: 813

Merit: 65

If is not minable is not a cryptovalue for me

percy_tc

full member

Activity: 584

Merit: 106

This could be a very good effect on general judgment of crypto worldwide.

Btc_1856

sr. member

Activity: 1540

Merit: 255

Quote from: cabron on June 18, 2019, 08:44:19 AM

Very centralize of course. Its not mineable so how is this going to be distributed if they will, are we going to receive coins specially those active facebook members?
It doesn't matter if its centralized though as long as it an bring more users to bitcoin, it will promote cryptocurrency as a whole to which Bitcoin will still be on top.

Still, we don't have complete details whether it is mineable or not, even we don't know how much supply they are going to keep and what are the specification they are going to keep for its own blockchain. Still, lot more details to be released in the coming days from the Facebook team.

TakeItEasy

sr. member

Activity: 1622

Merit: 270

Undeads.com - P2E Runner Game

Facebook collected so much personal data and then just lost it ...
I don’t think that something from Zuckerberg can be trusted.
Besides, it will be completely anti-decentralized.

alicea

hero member

Activity: 1050

Merit: 501

Did they make any official comments yet whether they will do an ICO/IEO for LIBRA or they will be just minable?

rhomelmabini

hero member

Activity: 2030

Merit: 578

No God or Kings, only BITCOIN.

Quote from: tvt.io on June 18, 2019, 11:12:33 PM

I hope this is not a fake, and this coin will really make something worthwhile.

I just said above your post that it isn't fake here is the news about it https://techcrunch.com/2019/06/18/facebook-libra/. But I am not into them, I don't think that they really are something worthwhile for a cryptocurrency, they are alike somehow with XRP.

tvt.io

jr. member

Activity: 273

Merit: 3

Quote from: rhomelmabini on June 18, 2019, 10:49:31 PM

Quote from: BicycleMan on June 18, 2019, 09:18:48 PM

I hope this is not a fake, and this coin will really make something worthwhile.

It isn't fake moreover they aren't something worthwhile for the true meaning of decentralization.

I hope this is not a fake, and this coin will really make something worthwhile.

rhomelmabini

hero member

Activity: 2030

Merit: 578

No God or Kings, only BITCOIN.

Quote from: BicycleMan on June 18, 2019, 09:18:48 PM

I hope this is not a fake, and this coin will really make something worthwhile.

It isn't fake moreover they aren't something worthwhile for the true meaning of decentralization.

Bytecoiner419

hero member

Activity: 638

Merit: 516

I ❤ the bitcoin community

I totally hope the facebook coin fails... long live Bitcoin (BTC) BTC

let's sit back and see what happens...I know I will keep building my bags.

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: mccorrinall on June 18, 2019, 07:07:09 PM

Quote from: livingfree on June 18, 2019, 07:37:10 AM

Quote from: mccorrinall on June 18, 2019, 03:57:49 AM

3) Reskinned PayPal.
To me it does not like a cryptocurrency which follows Satoshi's spirit of financial freedom. Instead, by using it you will lock yourself into an ecosystem primarily controlled by for profit companies which do not care about privacy at all.

The Libra Association – Crypto’s New Oligarchy

The end is nigh.

End of what? decentralization? crypto? or what?

There's an additional info that I've read, they are asking for KYC like what the heck FB is doing that if they already know the details of all of their users. Truly this Libra is centralized.

BicycleMan

newbie

Activity: 36

Merit: 0

I hope this is not a fake, and this coin will really make something worthwhile.

AxeEffects

newbie

Activity: 24

Merit: 0

Quote from: l8orre on June 18, 2019, 11:18:53 AM

Now everybody just picture that piranha-like swarm of blockchain savvy black hats that are already cultivating their hardons for when they finally get a go at molesting sweet facecoin!

Grin

Ain't gonna be enough popcorn in the universe (remember to stock up long positions!), because this will inevitably get hacked-

or does anyone seriously think that a centralized sillycone valley run corporate $hitcoin with a cpl billion facebook users will not have boatloads of vulnerabilities waiting to be exploited?

couldn't agree more with you mate, what's the point if the concept of decentralization of blockchain become centralized?

mccorrinall

newbie

Activity: 7

Merit: 11

Quote from: livingfree on June 18, 2019, 07:37:10 AM

Quote from: mccorrinall on June 18, 2019, 03:57:49 AM

3) Reskinned PayPal.
To me it does not like a cryptocurrency which follows Satoshi's spirit of financial freedom. Instead, by using it you will lock yourself into an ecosystem primarily controlled by for profit companies which do not care about privacy at all.

The Libra Association – Crypto’s New Oligarchy

The end is nigh.

grinthumb

newbie

Activity: 10

Merit: 0

what has been your friend's and family's reaction to this so far? very interesting to hear.

I hate FB but that libra video is just awesome... don't you think?

21GlobalCoin

newbie

Activity: 10

Merit: 0

A first technical impression of Libra compared against Eth 1 and Eth 2.:

https://twitter.com/protolambda/status/1141010796786401281

l8orre

legendary

Activity: 1181

Merit: 1018

Now everybody just picture that piranha-like swarm of blockchain savvy black hats that are already cultivating their hardons for when they finally get a go at molesting sweet facecoin!

Grin

Ain't gonna be enough popcorn in the universe (remember to stock up long positions!), because this will inevitably get hacked-

or does anyone seriously think that a centralized sillycone valley run corporate $hitcoin with a cpl billion facebook users will not have boatloads of vulnerabilities waiting to be exploited?

TezEnthusiast

newbie

Activity: 1

Merit: 0

Everyone's talking about Libra! CT on fire!

I'm checking out the tech. Running a testnet.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Very centralize of course. Its not mineable so how is this going to be distributed if they will, are we going to receive coins specially those active facebook members?
It doesn't matter if its centralized though as long as it an bring more users to bitcoin, it will promote cryptocurrency as a whole to which Bitcoin will still be on top.

Yankeeruinx

full member

Activity: 443

Merit: 107

We could be living in a world where five years from now Facebook is a de-facto controller of the Venezuelan economy due to the adoption of their stable crypto currency in the face of economic depression and hyper inflation of the centralized currency. This is not a good thing for anyone if a company could wield that much power.

Topic: [ANN] LIBRA - Simple Global Currency - Reinvent Money - By Facebook - page 7. (Read 2881 times)