Arrgh! Libra here and There - page 2.

santiPOGI

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Quote from: ?? on ??

Imagine that top 20 biggest american companies work together on an alternative for bank systems. Something that already manage more than 2 billions of people!
How many people are using Bitcoin? 10 millions?

Are we free on having LIBRA? or it is manipulated?
Bitcoin users and doing it freely. what is the big thing that LIBRA can give to us?
And why comparing it to BTC at this early stage?

Reatim

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Eloncoin.org - Mars, here we come!

Quote from: Winscosinally on July 22, 2019, 04:21:30 PM

I believe that Facebook coin will drive many more investors into crypto because its one of the largest social media platform but making the Libra coin a stable coin is not a very bright idea

The amount of people that will be interested in crypto for sure will grow indefinitely because like what you said Facebook is the most popular social media platform that exist in this world,for sure in a matter of months after the release adding people in this community may increase
But that doesn’t mean everything will favor for Libra/Facebook because in this way people will learn about bitcoin as well and having comparisons may result to advantage of BTC,the world is afraid of bitcoin(and a pall cryptocurrency)because of the negative issues thrown from Fudders but now they will be enlightened and may effect to changing of support from Libra to Bitcoin and other altcoins

SirLancelot

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Leading Crypto Sports Betting & Casino Platform

I guess Facebook is preparing for something new which is completely new from their current business and they know that they are very popular which is probably why they also wants to take advantage of their influence to enter the crypto market and make things happen, little did they know also that as much as they have friends that are laughing with them is same as much as they have enemies that would tend to kill their product before its arrival.

I don’t expect that people could just assume from their mind that this is what the product will cause and then interpret it to the real life when they have not even seen the effect of the coin. Everything we do has been based on assumption, and I fell that people would have just waited for the coin to be released before throwing stone at it if they find it not worthy.

ivaf

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Oh, yes, indeed, this hype around Libra is already tired. And despite the fact that they just announced a possible launch. There really is nothing. Maybe Facebook will never get permission to launch its cryptocurrency. Let’s not make a fuss in advance, but calmly observe the development of events.

robelneo

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Libra coin will verify the status of Cryptocurrency in our society, Cryptocurrency will be adopted whether Libra coin is a stable coin or not, the fact that Facebook finally entered the industry, it will make a huge impact on the market and all Cryptocurrency supporters those old investors and those coming in now.

Barbut

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Quote from: Get Ready on August 12, 2019, 07:10:02 AM

That's silly to compare Bitcoin and Libra. What we should learn is what Libra will make for crypto and will change crypto space. If Facebook successfully launches Libra, we will have a real revolution of crypto. Trust me, with the launch of Libra, Bitcoin will still there, but most altcoins will gone.

It`s silly and this hype around Libra is started by facebook lovers. It`s silly their trying to compare Libra and BTC, it`s impossible. Personally, I don`t plan to have anything with Libra coin, most of all because it`s centralized and it will be a stable coin. When I plan to get more interested in some coin it`s mostly because of the potential of that coin to rise in every way, in the price too. I think the Facebook coin doesn`t have the potential for growth, they will be just another bank.

Cnut237

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Libra could be good for crypto as it will make it appear more legitimate once a big company like FB gets involved. However it could be bad for personal freedom and from a privacy perspective. I don't think the aim of the coin is to compete with BTC. I think their primary aim is to use it as another weapon in their customer data mining arsenal. They will use this coin to suck up your purchasing activity and build it into their behavioural profiling models.

Remember with FB you are always the product.

Get Ready

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That's silly to compare Bitcoin and Libra. What we should learn is what Libra will make for crypto and will change crypto space. If Facebook successfully launches Libra, we will have a real revolution of crypto. Trust me, with the launch of Libra, Bitcoin will still there, but most altcoins will gone.

coin-investor

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Quote

The first question I would like to ask such people is why are they investing in crypto?majority of us on here wants to make profits apart from supporting the technology and that clears the fact that I'm only investing in bitcoin and altcoins because they aren't stable.

We all want to protect Bitcoin, because we understand this technology liberates us, it's a store of value that is why everybody wants to hold it, Facebook Libra coin already stated that they are going to be a stable coin, and with all the resources they've got, that can become of the premier stable coin in the market.

Quote

If Libra gets on exchanges I like using like binance yes I would gladly use it to back my crypto Worth's just like using tether or usdc,nothing more or less.

That's likely going to happen, people will prefer Libra coin more than Ripple and Tether and I'm also thinking the same way it's not going to harm Bitcoin status in the market.

letyouearn

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Quote from: joseyphil82 on July 20, 2019, 04:06:42 AM

Why are people not getting it?its kinda annoying hearing from people that Facebook Libra coin will take over.

The first question I would like to ask such people is why are they investing in crypto?majority of us on here wants to make profits apart from supporting the technology and that clears the fact that I'm only investing in bitcoin and altcoins because they aren't stable.

People aren't getting it that if bitcoin becomes a stable currency today many investors will start using bitcoin just like they are using tether but what about those high gain?sorry guys investing 2000$ in stable coins will remains at 1999$-2000$ forever.

Either bitcoin and altcoins bring loss or gains that's what makes them more interesting,Libra is a stable coin,no more no less and no matter how good it turns out to be its not an option for investment to me,I don't know about you guys.

If Libra gets on exchanges I like using like binance yes I would gladly use it to back my crypto Worth's just like using tether or usdc,nothing more or less.

Enough of libraphobia.

Finally! Someone smart here! Thought I was missing something or everyone else knows something more interesting about Libra than I do... Now, I'm calm and pleased, there are some sober people around Grin

dearbesz1219

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Libra here and there, but only theoretically. There is no way that Libra will be approved by US government. They simply can´t fulfill all requirements.

wanted sliter

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After few weeks thinking about this
I think no coin should be stable! Even fiat money still have inflation!
So the best stable money that we use to measure value of others is not stable.
So USDT Is enough stable coin, facebook is too big to creat a coin. That would be disaster.

tenakha

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Anyway, crypto is the money of the future and will not always be as volatile as the present. Even if we do not want to, we should get used to it. Libra is also one of the giant projects, and will be used. Although it will be stable, we should not forget other features.

bttmember

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AMEPAY

I have also been advocating and telling some friends that libra is not a threat it will be rather good for crypto market and btc because it will bring millions of users and new money to market and at the same time it is different than btc and other coins so there is no competition to replace eachother, the only thing that can bother crypto community is that libra's volume can soon become huge and it can out perform many big coins in no time after uts trading starts.

Dellosoft

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Only noobs will compare Bitcoin (King of crypto) to Libra. Libra which is a stable coin doesn't pose any threat to BTC as proposed by noobs. Miners need to take permission before mining in Libra's setting, this is a downside comparatively. Libra is a great boost to crypto with respect to adoption mainstream but people should stop saying it will overrule BTC.

sana54210

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Quote from: joseyphil82 on July 20, 2019, 04:06:42 AM

Why are people not getting it?its kinda annoying hearing from people that Facebook Libra coin will take over.
[im g width=400]https://i.imgur.com/brUma4f.jpg[/img]
The first question I would like to ask such people is why are they investing in crypto?majority of us on here wants to make profits apart from supporting the technology and that clears the fact that I'm only investing in bitcoin and altcoins because they aren't stable.

People aren't getting it that if bitcoin becomes a stable currency today many investors will start using bitcoin just like they are using tether but what about those high gain?sorry guys investing 2000$ in stable coins will remains at 1999$-2000$ forever.

Either bitcoin and altcoins bring loss or gains that's what makes them more interesting,Libra is a stable coin,no more no less and no matter how good it turns out to be its not an option for investment to me,I don't know about you guys.

If Libra gets on exchanges I like using like binance yes I would gladly use it to back my crypto Worth's just like using tether or usdc,nothing more or less.

Enough of libraphobia.

I do not think people really speak of Libra taking over bitcoin, and that is why many people don’t even want it at all, because they would not want anything that will jeopardize or affect their investment in bitcoin at all. You know how we humans are, it is only you that understands this about the both currencies, not many people does, and no matter how many books they read on it, when Facebook coin comes out, some people may start dumping bitcoin with the fear that it will affect bitcoin, not knowing that it will have absolutely no effect on bitcoin.

Facebook is a stable coin as you said, and since it will not be used as investment, many people will still have for transactions which will really not be a bad idea, because Libra coin may still be more relevant than tether and other stable coin.

Galley

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The more they talk about the coin, the more many people will learn about it and, accordingly, the more excitement around it is created to attract investment. And what Libra is, or whether it can even represent something significant, we will soon find out.

Sharon121212

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Quote from: joseyphil82 on July 20, 2019, 04:06:42 AM

Why are people not getting it?its kinda annoying hearing from people that Facebook Libra coin will take over.

This would not be the first or last time a new project would come out and there would be much talks about it out living bitcoin so I am not surprised that this Libra coin is getting such hype as well.
Am not the facebook type I love to have a good deal of my privacy much so I got more interested in bitcoin and the blockchain technology.
Except changes has been made the Libra coin might lunch next year so we would be watching

FireBallex

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Libra will help crypto growth further because of Facebook popularity and many will know more about bitcoin and altcoins,its all good for crypto space entirely

Juse14

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Duelbits

Oh come on, they dont know about the reality of LIBRA.

Went a new cormer getting to crypto because of Libra, They will search & discovery who the real cryptocurrency and because of Libra we got a free marketing. A lot people will coming into cryptocurrency space.

Topic: Arrgh! Libra here and There - page 2. (Read 830 times)