Topic: Are you worried that France and Germany agree to block Facebook's Libra? - page 2. (Read 550 times)
October 06, 2019, 10:27:09 AM
Facebook is a huge social network that already today has access to large amounts of personal data and therefore, in this case, there is a certain danger. We all know about the lawsuits of the Facebook administration and other problems regarding the loss of personal data of users, and this situation changes the attitude towards the Libra project itself. I believe that everyone should do their own thing, and not try to follow the trend. Speaking in your words, I really appreciate blockchain and cryptocurrency for the opportunity to become not only financially independent, but also independent of all banking systems and governments. But at the same time, Libra will concentrate all user data, including financial, which will be concentrated in the hands of Facebook. I would not like that very much. Apparently there is already a certain list of countries, not just Germany and France, which will actively oppose the implementation of this project.
October 06, 2019, 10:04:04 AM
Me? No, I'm definitely not. Mark Zuckberg has already been tried by the Human Rights Court if I remember correctly. This means that especially Europe and European countries do not trust MZ. Blockchain technology can turn into a more dangerous weapon if it falls into the wrong hands. Europe is vetoing the Libra project because they know Mark Zuckberg is scammer and fraud. This is understandable and I would like to congratulate the European countries for doing so. They made the right decision. Blockchain should not put scammers like Mark Zuckberg into the ecosystem and throw them out of the system.
October 06, 2019, 08:57:18 AM
I thought that US and whole Europe is against Facebook Libra so Libra partnered with Switzerland to launch Libra here.
Switzerland is a well known as a country that is crypto positive, that makes this country rich because many crypto companies just moved here.
Switzerland is a well known as a country that is crypto positive, that makes this country rich because many crypto companies just moved here.
October 06, 2019, 08:33:33 AM
Two countries are Libra positive but the rest world is sceptic about Libra. If these 2 countries allow Facebook to run Libra in these countries, would this really mean a worldwide payment method?
October 06, 2019, 07:55:38 AM
I thought it was only France that demonstrated some hostility. anyway, i am not a fan of libra so no regrets really. let it be, as they say.
September 18, 2019, 07:42:38 AM
Yes I am worried about this issue. Because like what China done to ban crypto, now France and German will block facebook's libra. And eventually all the crypto will follow to be block to those country and I think like China they will launch their own crypto. And worst thing there is possibility that many country will follow those action. It will have a bad impact to the coin holder and investors and can cause loss.
Bitcoin cannot be banned.Libra can.What are the specific losses You will incur?I personally neither cold nor hot from that Libra will live or not.About China-what made You think that there cryptocurrency is prohibited to use?
September 18, 2019, 05:50:47 AM
no, i don;t care about Libra, but as we know Facebook is just part of Libra Project with other company are backed on this project, and many of them are big company with have big marketshares in their industry,
you state enough reason on how big libra was but you still dont care about it ? its big that it can impact other cryptos not just cryptos but it can also impact other busineses as well but thankfully some other countries decided to block it , i think they only did a good decision there .they are only protecting thier countries own coin for a possible competition that libra coin can bring .
i dont worry about the issue but i already feel contented that those countries already taken an action .
September 18, 2019, 05:41:32 AM
That would be protectionism and really wouldn't encourage the development of crypto projects within Germany by suppressing any business outside Germany wanting to do trade. Its hard to discount this idea completely but I think the real main motivation is governments want and need even to have a iron fist control of currency most usable within their borders. They could state security concerns as the main reason but I doubt thats it either.
I'm interested in how Japan might react in contrast as they have been the most positive western government towards crypto that I can remember. Also every government I can think of otherwise has threatened to ban crypto at some point, mostly because they dislike the idea of free exchange of value. If they cant tax it, what use is its continued existence? Its almost a joke its so biased in its thinking but I dont think that far off the jist of how governments examine anything.
I'm interested in how Japan might react in contrast as they have been the most positive western government towards crypto that I can remember. Also every government I can think of otherwise has threatened to ban crypto at some point, mostly because they dislike the idea of free exchange of value. If they cant tax it, what use is its continued existence? Its almost a joke its so biased in its thinking but I dont think that far off the jist of how governments examine anything.
September 18, 2019, 04:56:28 AM
Well there already cryptocurrency projects being developed in Germany specifically I wouldn't understand their reasons for trying to block Libra project when they have their native citizens develop nd build cryptocurrency projects in Germany. For instance we have savedroid in Frankfurt, then there's Bitbond also a German cryptocurrency project.
True, it could be because of their own projects in Germany and France, so that the presence of Libra is blocked by them so there is no competition between projects in the lives of German and French people in particular, even though the presence of Libra is also not necessarily able to damage the reputation of other projects in Germany or in Germany. France. September 18, 2019, 02:38:20 AM
Well there already cryptocurrency projects being developed in Germany specifically I wouldn't understand their reasons for trying to block Libra project when they have their native citizens develop nd build cryptocurrency projects in Germany. For instance we have savedroid in Frankfurt, then there's Bitbond also a German cryptocurrency project.
September 18, 2019, 02:38:03 AM
no, i don;t care about Libra, but as we know Facebook is just part of Libra Project with other company are backed on this project, and many of them are big company with have big marketshares in their industry, for example Facebook have much active user, when they advertise this project on their platform, you think how many people can reach, and even europe are block Libra i think don't affect Libra project itslef
September 18, 2019, 01:54:16 AM
This is a funny pic, especially that guy that is behind them campaigning for bitcoin, I really don’t know why they support bitcoin and do not want Facebook, we can see that bitcoin own the cryptocurrency and no matter how big another alt may be, it can never be accepted by people. France and Germany don’t even need to go to the length of disagreeing with Facebook crypto before Facebook realize that people would not use it.
Why should I use Facebook coin, when I already know all the story behind Facebook on how they usually steal and sell people’s data to make money, if I now put my financial life in their hands, what then do I expect to happen, they will just sell the whole of me, so I support that they should not allow Facebook to operate, nemesis is catching up on them when they were blocking every crypto adverts, they didn’t know they will need the support of people too.
Why should I use Facebook coin, when I already know all the story behind Facebook on how they usually steal and sell people’s data to make money, if I now put my financial life in their hands, what then do I expect to happen, they will just sell the whole of me, so I support that they should not allow Facebook to operate, nemesis is catching up on them when they were blocking every crypto adverts, they didn’t know they will need the support of people too.
September 16, 2019, 01:29:42 AM
Seems wrong to me but Im not surprised the European central bank does not want any competition and the idea of the EU to begin with is a closed system of trade within members only. If Libra helped to open up currency across the world then we cant be surprised they want to ban Libra.
Its not right because both these countries are supposed to be democracies and in some way based on capitalism which is the idea of each individual has the means to own production and capital not the state or by royal charter like we had for hundreds of years previous. The problem with centralised value and absolute control by those in power is it becomes more open to corruption and failure and unfortunately that is the likely trend for many western economies now, bans wont help them retain power as it declines in a natural phenomena not by any individual or single companies will.
https://www.reuters.com/article/us-facebook-cryptocurrency-france-german/france-and-germany-agree-to-block-facebooks-libra-idUSKCN1VY1XU
Its not right because both these countries are supposed to be democracies and in some way based on capitalism which is the idea of each individual has the means to own production and capital not the state or by royal charter like we had for hundreds of years previous. The problem with centralised value and absolute control by those in power is it becomes more open to corruption and failure and unfortunately that is the likely trend for many western economies now, bans wont help them retain power as it declines in a natural phenomena not by any individual or single companies will.
https://www.reuters.com/article/us-facebook-cryptocurrency-france-german/france-and-germany-agree-to-block-facebooks-libra-idUSKCN1VY1XU
September 16, 2019, 01:16:43 AM
I do not think Libra is a good idea. I do not think that global financial stability should be given in private hands. A similar stable coin should be created by a number of states whose currencies will be used as its security. Therefore, I am even more interested in a similar coin from the Chinese government - CBDC.
As far as I know, not only Germany and France strongly oppose the appearance of the Libra coin. All G-7 states have the same opinion.
As far as I know, not only Germany and France strongly oppose the appearance of the Libra coin. All G-7 states have the same opinion.
September 16, 2019, 12:51:09 AM
Why should I be worried they are not yet tradeable in the market, everything that are attached to Libracoin is all just possibility, they are all afraid of the possibility that Libracoin is going to do, they should have let it launchg first and just ban if there are some actions that Libra coin team are doing that are against their existing policy.
September 15, 2019, 11:47:41 PM
if that only happend on facebook's coin libra only then its okay , libra just another stable coin for me, lost interest to invest on libra coin. its enough for me use usdt and usdc as stable coin. if that happend I dont think that will impact crypticurrency at all.
September 15, 2019, 09:22:38 PM
I think France and Germany blocking Libra is more about avoiding private companies like Mark Zuckerburg's Facebook to have a controlling stake in a future financial system for Europe. They like Bitcoin more because it is decentralized.
Germany has already made a reason why it's not allowed to be operated and will have banned by that country and the reason is Quote
The strategy includes creating a "digital corporation" legal form to facilitate start-ups, and a ban on "market-relevant private stablecoins," Heilmann says.
source: https://seekingalpha.com/news/3499306-germany-set-ban-libra-favor-state-solution-reportIt's much more on the domination by a single person but that country will be allowing any blockchain startup to operated and german will be facilitated blockchain startup.
September 15, 2019, 07:47:32 PM
Maybe it's in it because there are certain interests. The reason is not strong enough.
In this case, actually there are still many other countries that accept and support Facebook coin, Libra. I myself think if some countries want to block the coin, does that mean because Libra has a high potential for success?
If it's like this, we don't need to worry too much. As long as the coins are able to survive and are more valuable, they will also receive them later.
In this case, actually there are still many other countries that accept and support Facebook coin, Libra. I myself think if some countries want to block the coin, does that mean because Libra has a high potential for success?
If it's like this, we don't need to worry too much. As long as the coins are able to survive and are more valuable, they will also receive them later.
September 15, 2019, 04:43:06 PM
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I was almost forgetting about Libra coin, because I had concluded that it has been written off by the team, due to lots of attacks, even from the US government. If France and Germany is zeroing on it, why should I be worried. Inasmuch as the team is still having the desire and zeal to continue with it, irrespective f the opinion of any country, it dies not stop its success
September 15, 2019, 04:41:36 PM
libra not live yet, and crypto world is free to use, why to worry, we still not sure if this project wil success or not, i am waiting to see what will happen
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