Topic: Facebook Cryptocurrency - page 3. (Read 10289 times)

I think Facebook and bitcoin will rival. Remember what happened when Facebook made a related announcement. Libra announcement made. Binance's owner reported some negative opinion. It's like there's a competition. With nothing.

Well, it might seem that even the Facebook team might have given up on the Libra project considering the fact that they have introduced Facebook Pay which is serving the purpose that Libra was supposed to serve in the Ecosystem but with Fiat instead of Libra's Cryptocurrencies, there are no places to purchase Libra at the moment unless you are so eager to give your hard earned money to scammers then you could probably get an "ERC-20 Libra".

Why? Because innocent people think that facebook is more powerful than other cryptocurrency. Since facebook is one of the largest and famous social media app on planet. There are many users of it. Bur for those who are in the field of trading even before fb coin hyped, they did not encourage to buy it easily and exchange to bitcoin or alts. It is not a threat to bitcoin.

Most likely this project has already become a failure. Many investors left this project and plus Mark Zuckerberg abandoned his brainchild. Also, the Finance Ministers of many European countries are developing a bill to ban stablecoins in the European Union. Therefore, Libra is doomed to failure long before its official release.

So who is a bad coin then, Apple, Microsoft, Joe's Pizza, Volvo, Sony........

I think it has not yet come into the market and has not been sold.So you can't buy it. When they announce that an exchange will arrive, you can buy it.But it may actually be a good coin in the market.

Libra seems not related to falling prices for bitcoin or other altcoins because it is proven that when Libra fails to launch, the price of Bitcoin had risen above 9500usd. Until now there has been no clarity regarding the development of Libra.

I think he will be a competitor of XRP because of its centralized nature, will not be a competitor of ETH because it does not have a smart contract
But this is good for the development of bitcoin / crypto, because with libra there will definitely be more lay people who find out about cryptocurency

not like that, libra will only be comparable to stable money and more suitable if it is called crypto money, but from a number of altcoins that exist, libra has the advantage of millions of potential users, so that it can be adopted individually with only a few requirements.

Libra and bitcoin can go hand in hand if they can be traded on the crypto market, and this is still one of the arguments being debated.

does it mean Libra is a competitor of xrp or ethereum? indeed it is very difficult for Libra to replace the position of bitcoin,
if they make a white paper that aims to replace bitcoin is impossible

Yes, it is true, between libra and bitcoin clearly have different functions, although both are made for cryptocurrency, and both also have different focus, so the appearance of libra in cryptocurrency will not affect the development of bitcoin in crypto.

My opinion is that if Facebook develops its own cryptocurrency, it will be very good since the audience is very large. A lot of users will learn about cryptocurrency and this will lead to the growth of the cryptocurrency market. I think that cryptocurrency from Facebook will be a reliable crypto asset. The main thing is that there would be legal regulation.

Exactly. Libra will be a completely different thing than we're used to within the crypto industry. It'll act more as a central bank and a Fiat currency than anything else. With its centralized model, it cannot be directly compared to the likes of decentralized cryptos like Bitcoin and Ethereum. Not to mention, its price will never change being a stablecoin and all. If by any case, Facebook manages to launch Libra sometime in the future, it'll attract lots of new people into it. After all, Facebook has a large user base compared to other popular online platforms like Twitter or MySpace. This would spur massive adoption into the Libra cryptocurrency like never before.

Still though, the chances of Facebook launching Libra looks bleak at the moment. This is especially because, governments have been against it every step of the way. With fierce regulations coming along the way, we might never see Libra become a reality soon. In the bright side, cryptocurrencies like Bitcoin and Ethereum will remain unaffected by Libra's developments within the mainstream world. If it fails, another company or central bank could launch a new digital currency that will fulfill Facebook's vision of a cashless society one way or another. It's not about Libra per se, but rather how Blockchain technology will improve our economy (and our life) for the better. And it's been doing great ever since it came into inception with Bitcoin back in 2009. Just my opinion

In my opinion it will not affect the price of bitcoin, and as far as I know libra has a different function than crypto. Libra is more focused on the financial system while cryptoqurrency is decentralized and profitable for investment. but if libra is coming soon, it will only affect the adoption of new users.

Exactly. There's a lot of uncertainty related to Libra's launch, because of regulatory pressure from governments worldwide. The US being the principal "headquarters" of Facebook, has been very skeptical about the social media platform's newly announced digital currency. This has spurred some reaction among the world's most powerful countries where now a few have started an initiative to launch government-backed digital currencies of their own. China has announced that it'll adopt Blockchain technology for launching it's own digital currency, while German banks have requested the European Union to launch a "digital euro".

Nonetheless, it seems that Facebook's Libra cryptocurrency has encouraged worldwide governments to start devising digital currencies of their own using Blockchain technology. Once digital Fiat starts rolling in, there will be no reason for Libra to exist in the first place. Only truly decentralized cryptocurrencies like Bitcoin and Ethereum will live alongside digital Fiat for years to come. In the future, Libra will be remembered as a failed project that never came into light. Facebook is better off being a social network platform than anything else. It's not about Libra but how Blockchain technology can improve our economy for the better. Just my thoughts

I don’t think that the release of the Libra will be in the near future. At Congress, Zuckerberg had to answer about the work of the FB social network itself, trust in the reliability of which was undermined by intervention in the election of Trump. I read that such a financial center like London is ready to “shelter” the Libra cryptocurrency project.

there is no serious threat if libra coins come in this industry and will not affect the price of btc or altcoin prices in the market, i only know that libra coins are centralized and tsama is like a stable coin (USDC / USDT) so that rising or falling centralized coin prices depend on dollar value (USD), if Libra is released soon it might affect the adoption of new crypto users.

Will you buy Libra coin to use it for the services they offer or for investment? it is a stablecoin so I don't think it will give you a good profit unless they sell it cheap during the public token sale and I'm not sure if they will conduct a public sale but I agree that Libra coin will not be threat to Bitcoin.

I will also buy LIBRA coin ... because I see facebook coin has a lot of interest ... and maybe it can give me an advantage ... but facebook coin won't make bitcoin weak ... so don't worry too much about something that hasn't happened before. Until now no one has been able to make it low ..

Facebook still won't make libra worldwide as a payment because there are still many top rich people like bill gates and warren buffet who said cryptocurrency or btc is a bubble.
So i think, mark won't make a clash with them because he will face a hard times