Topic: China can easily launch a coin while Facebook is having a hard time - page 3. (Read 643 times)
October 31, 2019, 06:15:37 AM
When your countryman is willing to create a blockchain platform then nothing could stop this system, So In China, it's looking very easier than Libra where the USA government is not in favour, I think that's the main reason in order to allow blockchain in China, two biggest economic countries are trying to dominate and defeat each other, when the USA takes an initiative then China takes another different aspect, by this war, I think blockchain will get established around the world, so war sometimes brings a positive thing also, so It's matter of time China is going to be the first country to launch Blockchain system officially.
October 30, 2019, 02:54:44 PM
This is one area where I think China has an edge over USA, while we have to admit that Libra is not owned by the USA Government and one of the reasons why they are kicking against it is that it puts too much power in the hands of an individual who isn't part of th Government, I also have to admit that if it were the USA trying to launch their own cryptocurrency, it would take them a while lot of time to think and execute it cos it has to has through many books and go through a bunch of approvals from different arms of Government before it's eventually implemented.
October 30, 2019, 02:31:00 PM
When the government is fully involved in the launched of a thing, particular this time that it is cryptocurrency, it will surely materialize and will be easy. However, what China want to launch centralized. Facebook on the other hand is having hard time, because the government and that those in authority are not supporting it.
October 30, 2019, 02:24:15 PM
All the talks this week are all about China launching its own coin, they can easily do that because China's main man Xi Jinping is the one who wants China to create one, while Facebook's Libra coin is having a hard time to convince the Congress to let them launch Libra Coin,
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
Well of course, China will have the most potential of success in launching its own coin than facebook. Although facebook has the popularity for being the most used social media platform, having massive adaption and being on the mainstream for so long. China wil have the upperhand because of having a good economic condition. China is one of the leading countries in the world and has the largest population, aside from their good influence globally, their population would be of good help with the adaption of the coin once China's coin is launched. It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
October 30, 2019, 12:53:57 PM
China is government, Facebook is company, they are different and we all know why it would be different to get permission
but, i wanna say smth. it tells to us that the big giant would join to this technology revolution. no matter how big the company is, how big the country is, etc
i see bright future from those things, im optimistis as f*ck with this technology
but, i wanna say smth. it tells to us that the big giant would join to this technology revolution. no matter how big the company is, how big the country is, etc
i see bright future from those things, im optimistis as f*ck with this technology
October 30, 2019, 12:25:50 PM
The difference is that China issues state-owned cryptocurrency. Facebook is a private company that wanted to issue a regulated cryptocurrency. But these are different things. China in this case very much succeeded and the shares of their companies were able to soar. Only I can not understand why because of such news the shares of amerekan companies also rose by 1.5%?
October 30, 2019, 12:09:49 PM
a country can easy launch a coin if its government back coin like china. but it ain't easy for a government to do that. china can easily do it since an authoritarian government can implement for its citizen.
facebook coin though will be good for adoption but regulation will take them down, its not a government backed project so its not easy for them to launch.
facebook coin though will be good for adoption but regulation will take them down, its not a government backed project so its not easy for them to launch.
October 30, 2019, 11:56:12 AM
of course china can do that easily because on this country blockchain and cryptocurrency industry are supported by goverment where facebook must face regulation from goverment where in america blockchain and cryptocurrency are restricted
Consider also that the person behind this two proposals have different state from their respective countries. china's coin was proposed by the president itself while Libra was introduced by facebook president and being back up by some other businesses behind. It's not a surprised that China's proposed crypto will be much quicker to launch as like what you have said, the government itself who are aiming for it to be available and useful while the Libra coin have difficulty to convince the congress. October 30, 2019, 11:51:00 AM
of course china can do that easily because on this country blockchain and cryptocurrency industry are supported by goverment where facebook must face regulation from goverment where in america blockchain and cryptocurrency are restricted
Consider also that the person behind this two proposals have different state from their respective countries. china's coin was proposed by the president itself while Libra was introduced by facebook president and being back up by some other businesses behind. It's not a surprised that China's proposed crypto will be much quicker to launch as like what you have said, the government itself who are aiming for it to be available and useful while the Libra coin have difficulty to convince the congress. 
October 30, 2019, 11:44:37 AM
of course china can do that easily because on this country blockchain and cryptocurrency industry are supported by goverment where facebook must face regulation from goverment where in america blockchain and cryptocurrency are restricted
October 30, 2019, 11:35:35 AM
All the talks this week are all about China launching its own coin, they can easily do that because China's main man Xi Jinping is the one who wants China to create one, while Facebook's Libra coin is having a hard time to convince the Congress to let them launch Libra Coin,
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
I believe that China wants to take the lead in cryptocurrency and for this it is enough for them to launch their own cryptocurrency first. Now there is a struggle for leadership in the crypto sector, which means we are right now seeing the battle of large players for the crypto market. In any case, it should be good for you and me, regardless of who is the first to launch his cryptocurrency.
October 30, 2019, 11:33:13 AM
It's clear the difference is in the creator of the coin, if China launches it's own coin the creator of the Chinese government
itself clearly does not need to ask for permission. Different from its creator libra facebook, therefore it needs the permission
of the USA government from that China coins are easier to launch than libra coins which are hampered by permission from
the USA.And also Facebook as the largest shareholder of Libra has a case related to the security of its customer data, this is
causing the USA government is heavy in giving permits.
itself clearly does not need to ask for permission. Different from its creator libra facebook, therefore it needs the permission
of the USA government from that China coins are easier to launch than libra coins which are hampered by permission from
the USA.And also Facebook as the largest shareholder of Libra has a case related to the security of its customer data, this is
causing the USA government is heavy in giving permits.
October 30, 2019, 11:32:12 AM
It is simple because of the regulations in their country. In china, the government itself are favor to launch a coin while the Facebook is having a hard time because of the regulations that should be followed. There are people who are not favor to libra coin and that's why the process are so slow.
It is just recently that China is in favour of blockchain although I've never heard the news about china releasing crypto really other than just a rumour but it's kinda different if you compare China to Facebook here basically you are comparing a country with a private company.In this case China could easily launch a coin because they make the regulation themselves but Facebook has to obey the regulation and there's no other way around. It's like a dead end for the company if they are about to be trapped into this regulation.
October 30, 2019, 11:29:14 AM
It is simple because of the regulations in their country. In china, the government itself are favor to launch a coin while the Facebook is having a hard time because of the regulations that should be followed. There are people who are not favor to libra coin and that's why the process are so slow.
October 30, 2019, 11:19:37 AM
The difference is China is a nation, facebook is a company. Facebook can't launch their own currency whenever they want because they would have to face US congress and explain what they are doing with Libra and they need to convince Libra to congress and so forth, after that is all said and done they would have to convince other nations to accept as well so that they can make it work there as well so their system would work.
On the other hand, China is a whole nation, and not just any nation it is the biggest economy in the world and they are super rich and run by dictatorship so they can create any coin they want, they can delete all cash from existence in their nation and just use crypto if ever want to, it is all their power to do whatever they want and they have nations they control which would be forced to use their crypto as well if they wanted to.
On the other hand, China is a whole nation, and not just any nation it is the biggest economy in the world and they are super rich and run by dictatorship so they can create any coin they want, they can delete all cash from existence in their nation and just use crypto if ever want to, it is all their power to do whatever they want and they have nations they control which would be forced to use their crypto as well if they wanted to.
October 30, 2019, 11:07:04 AM
All the talks this week are all about China launching its own coin, they can easily do that because China's main man Xi Jinping is the one who wants China to create one, while Facebook's Libra coin is having a hard time to convince the Congress to let them launch Libra Coin,
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
China is creating state sponsored cryptocurrency. It will be regulated by Chinese government just like fiat. You are not forced to buy that currency. Though it will be widely accepted throughout China and will have its use case as payment ecosystem. Just like exchange currencies. You can still buy Yuan and no regulations are needed for that. Whereas Libra is company owned and not regulated. Giving a company which has been involved in privacy related crimes, so much power over payment ecosystem isn't a very good idea. It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
October 30, 2019, 10:57:59 AM
First of all, nobody can guarantee whether China will launch their own coin or not.
Secondly, the comparision between Facebook's Libra and China's cryptocurrency is completely different since one is going to be used at a global level while the other is rumoured to be used at national level.
Secondly, the comparision between Facebook's Libra and China's cryptocurrency is completely different since one is going to be used at a global level while the other is rumoured to be used at national level.
October 30, 2019, 10:42:24 AM
What's your thought on this?
Comparing apples with oranges will return nothing relevant.
Libra is the project of some (western) companies; they have to convince regulators in order to avoid fines and bans in various countries. They want to work with Western banks, so they need to be clean.
The Chinese coin will be launched in China. They don't have to ask anyone what to do in their country, they are the government and the regulators there. And they are "the board" for the bank too. Whether the coin will be traded outside China is another interesting matter.
In the western world I expect the Chinese coin be either not traded, either be treated like Tether's little cousin. I think that FB wants more than that for Libra (!)
October 30, 2019, 10:29:15 AM
All the talks this week are all about China launching its own coin, they can easily do that because China's main man Xi Jinping is the one who wants China to create one, while Facebook's Libra coin is having a hard time to convince the Congress to let them launch Libra Coin,
It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
Libra and the Chinese government are not competing with each other. That is why Libra's issues are not an advantage for China. These two coins will help us no more than mass adoption. Indeed, I think that will be enough for us, we will do the rest ourselves. Already both will be coins managed by someone, which is not what we want. It's different between the two coins, one will launch easily while the other is having a hard time with the regulator
On a positive note, I think China's plan will be considered of those who are opposing Facebook plans to launch their coin but of course, it
will be highly regulated compared to China's coin who will be under the supervision of China's Central bank.
What's your thought on this?
October 30, 2019, 08:10:35 AM
The difference is that Facebook has the shady past about privacy and plans it to be used in many countries while China kept their dirty secrets all the time for their own. Xi Jinping's coin are only meant to be used in China as far as I know so its just in their system alone not for everyone like their own fiat and very centralized too. Facebook coins is for all users and can open pandora's box if not controlled, the regulators hate Zuckerberg and its likely doomed to die.
That is China's plan but unless they release their own whitepaper we still don't know if they are going to use it only in China, but China is everywhere they have stakes everywhere, every country has a Chinatown.
There's a possibility that the coin will not be within the confines of China and it will become borderless, again unless they release their whitepaper, if it has one, we can only guess.
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