Are you worried that France and Germany agree to block Facebook's Libra? - page 3.

serjent05

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Quote from: cudora on September 15, 2019, 12:59:35 PM

Without any doubt those are bad news. Especially, I did not expect this to happen in Europe, because it was always really crypto friendly and you could purchase even stuff on the street with crypto currencies.

Probably this country has seen something alarming with Facebook's Libra. They are we aware how popular facebook is and probably see it as a threat to their centralized financial instittuiton. Aside from that there are lots of issue regarding facebooks mishandling of accounts and leaking privacy info of their members. Maybe this is one of the major reason why the two country is aiming to block FB Libra, thinking that Libra may exploit their client the way FB exploit the identity of their users.

timmmers

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France and Germany didn´t say that they are going to block all cryptocurrencies. They have only problem with stablecoins created by corporate companies. They are afraid that such stablecoins can threaten the sovereignty of the state. Wink

ðºÞæ

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Quote from: omone1 on September 15, 2019, 01:20:30 PM

This is serious, they are seeing it as a threat. But isn't Libra coin suffering too much in the hands of the politicians! they need not block it, they should just create a rival coin as an alternative to Libra and let's see how they fair.

Every private company creating money in the past has been shut down. Nothing new.

Secondary, its a scam anyway
https://bitcointalksearch.org/topic/m.52454628

aioc

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it will just make Libra coin a popular coin in the market, they are doing what they've done to Bitcoin when it was just starting out, I don't know what they did see that they want to ban Libracoin, we will see its impact once Libra coin is launch, and we will also see if Libra is detrimental or contributor to Cryptocurrency's growth.

scambust

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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.

omone1

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This is serious, they are seeing it as a threat. But isn't Libra coin suffering too much in the hands of the politicians! they need not block it, they should just create a rival coin as an alternative to Libra and let's see how they fair.

GrosWesh

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No, I'm not worried. And surprisingly, while I do not like Libra (mainly because it emanates from Facebook), I must recognize it's playing the role of a 'catalyst', forcing states to react.

To me it could lead to the creation of state cryptocurrencies (stablecoins), leaving a big space to bitcoin and other cryptos as 'store of value' assets.

atjiat

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It seems that the Libra project will not be implemented, since he has a lot of opponents. You can pay attention to the fact that not only the US government turned to Libra developers a moratorium on the implementation of this project almost a month ago, but today the number of countries opposing Libra is increasing. At the same time, France and Germany do not pursue negative policies regarding the cryptocurrency market, because they believe that trading in cryptocurrencies does not violate any laws and should not even be taxed.

Nivia1st

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Quote from: boranes on September 14, 2019, 04:34:34 PM

Hypocritical move, banning one crypto and leaving all other crypto's as legit. I don't know what is so bad about libra that it calls for a ban by France and Germany but it certainly reminds that banks are regulating everything. We are fine as long they don't touch other cryptocurencies, especially bitcoin.

yes I agree with you, I'm not too worried as long as they don't affect the big crypto (btc or eth). there is and without a crypto market libra cudah is quite large and even though libra is blocked throughout the world even though it will not affect the market.

cudora

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Without any doubt those are bad news. Especially, I did not expect this to happen in Europe, because it was always really crypto friendly and you could purchase even stuff on the street with crypto currencies.

boranes

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Hypocritical move, banning one crypto and leaving all other crypto's as legit. I don't know what is so bad about libra that it calls for a ban by France and Germany but it certainly reminds that banks are regulating everything. We are fine as long they don't touch other cryptocurencies, especially bitcoin.

royalfestus

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I agree with the reasons to worry, If the power house of Europe economy turns a blind eye to libra they could be in for a big denial. The timing is wrong for the coin in Europe as a whole, they worried about so many things and crypto is the least on the table. I also dont doubt the effect of America in this but I think if they had started with approach to smaller countries it may take long time but could be effective

pishite

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Well will make a lock of the libra and this will only give more popularity coin, since many will buy it under a proxy and VPN.
I doubt that this will affect the popularity of the coin, for example, bitcoin is prohibited in many countries, but it is still used and the price is only growing.

bigcash2011

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As originating from USA most countries will definitely have reservations about libra as a world stable coin so it is the right of every country to launch their own coin and i think this will massively boost crypto market just let all these countries enter the coin war all fiat is sooner or later is coming to crypto and eventually we are going to see massive price growth in coming years so we should be positive about all these issues.

joybella

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I'm worried as it turns out to be a big signal that most countries are fighting against cryptocurrency adoption if there's a neutral ground it could've been better.

ganeshramk

full member

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I am not worried at all. Libra is not a good project to get support all crypto friendly countries. Infact this is a good decision. Also they are not blocking any other crypto coins or projects.

ðºÞæ

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So a private company (Facebook) which been found guilty of data mishandling is confirming, validating and can see every transaction of another private company (lets say Jeff's Locksmith) or a private person (judge, solicitor, clerk, cashier, officer....... ) , but (Jeff's Locksmith) can not see anything the other private company (Facebook) is doing.

It the same as playing poker, one holding the cards facing him, the other player must have its cards face up, that's a rigged game.
How can the one showing his cards win

DonFacundo

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Me nope, I'm not worried that France and Germany block Libra. It is not launch yet and you know Libra is a stable coin so we can not make money of it. It is not volatile like bitcoin.

Danslip

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There is nothing to worry about it, that is why Libra is not here yet and that means why France and Germany have to block Facebook's Libra. It sounds unbelievable for me, there is no Libra and we don't know how Libra affect cryptocurrency. More than that l don't think, this decision will affect Libra bad, maybe a little. Because there are a lot of investors, who are waiting for Libra impatiently.

The Libra coin is not going to give satisfactory returns if Facebook decides to trade the Libra on their personal crypto exchange. Just a guess. It will be very interesting to watch the government and Libra team debates on the TV. Even the worst decision will be a good for speeding up the mass adoption allowance.

Free1bitco.in

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I'm not really worried about this, because they only reject libra, and libra is a stable coin made by Facebook. anyway, I think other countries will accept libra for now. when the development is good, I think german, and France will provide an opportunity for libra.

I support the development of libra, but I do not prioritize it, even though Libra is still in the development stage. besides, libra is different from bitcoin. I think that Germany and France are not concerned about bitcoin, it's just that they are most likely worried that Libra will create instability in the economic system later.

if the development is indeed going to be very good for a country, I think it will be like China returning to accept bitcoin.

Topic: Are you worried that France and Germany agree to block Facebook's Libra? - page 3. (Read 547 times)