Topic: Facebook Cryptocurrency - page 7. (Read 10299 times)

as you are looking for, I have searched about the LIBRA token address contract, whether this is true or not I see that this address contract is in the name of the LIBRA token.
https://etherscan.io/address/0xc5bd56179795d2c3f5b5c594c3a6790a37b67a85

in connection with this, I don't think it will affect the price of BTC. because BTC is a decentralized coin while Libra focuses on the financial system.

they are struggling to fight against the government also recently it seems facebook has faced another accusation of violating users' privacy. Libra itself is a stablecoin and I can't see why people are waiting for it, there's already some of stablecoin out there, no need to wait libra.

Yeah, I also heard that too, many contributors for sure will be more interested to invest in to that project and if that happens it's gonna be a big impact in crypto world.

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So a private company (Facebook) which been found guilty of data mishandling can see every transaction of another private company (lets say Jeff's Locksmith) or private person (judge, solicitor, clerk, cashier, officer....... ), but (Jeff's Locksmith) cant see anything the other private company (Facebook) is doing.

It the same as playing poker, one player holding the cards facing him, and the other player must have cards face up.
That is a rigged game by any standard, a scam, the one with the face-up cards can not possible win.
A company, player par-taking in this game is not worth anything.

And the meaning of buying a coin if it is by nature an ordinary stablecoin?Isn't it better to choose more interesting coins for the purchase, which are enough on the market?I think You should reconsider your attitude to investing.

I hope there will be no pre-sale for the LIBRA or even private investors (exclusive)
Libra can pull the trigger and go to the moon, there is too much hype on this and attention from the people.
Even the token is not out in the public the demand can tell already. i hope they will go all out on public sales.
I think this Fb token doesn't need Bounty, airdrop and IEO! its all good.

First they have to get ready with the coin and launch it for public. Even today they did not confirm any dates. So you really need to wait for that.

I have not seen any signs of an official Facebook coin appearing.
I think it is not a serious threat to BTC, it's just an impact on the adoption of crypto, I mean if the Facebook coin is released soon this will attract market investment and also attract the attention of new and old investors.

Indeed there is still no news about Libra Coin due to regulatory issues and also its influence in the monetary world. I think the government will be disturbed by its authority in controlling the circulation of money because it is feared that with a large number of members spread throughout the world, it is feared that it will disrupt the dominance of the dollar.

I don't think Libra Coin will be a threat to Bitcoin or other cryptocurrency. Bitcoin is a digital asset while Libra Coin is a stable coin that is like fiat money. Maybe even Libra Coin will be able to increase market cap value because investors will be more confident in the existence of coins from large companies

Facebook Libra test version was not even launched and it is clear that thanks to regulations Libra will not be launched in the European Union, the USA and China. Then where will it work as an international currency? 

It's expect as not everyone has the same understand on the potential of Libra, not even all knew that Libra is a stable coin.
For me, I'm very positive that Libra will bring positive result to the future of crypto, though it's a stable coin but it's effect on bitcoin and altcoins is gonna be enormous, imagine if it's able to have at least 50% of facebook users to use the platform, maybe we can get 10% of them to be curious and eventually discover the potential of crypto in general.

Sounds like Libra has split community into those who is totally against it and those who support it wholeheartedly.and beware, btc;)

Unfortunately, things will not be so easy for Facebook to launch Libra as promised by 2020. We've already seen many governments opposing the same, especially the US. Since Facebook's homeland country is the US, it needs to strictly follow its regulations if it wants to have a successful launch in the future. Then, it could comply with regulations from other countries worldwide as it expands its operations. But, knowing that central banks have been in power for quite some time, it'll be nearly impossible to launch a worldwide digital currency by its own.

The biggest disadvantage of Facebook's Libra cryptocurrency would be its full transparency towards the company itself and worldwide governments. Considering that Facebook has been a threat to people's privacy, it could very well obtain sensitive information among transactions performed within the Libra blockchain. In effect, people would lack the ability to control their own money (contrary to Bitcoin and other decentralized cryptocurrencies) greatly defeating the purpose of a Blockchain. Which is why, I don't see Libra going anywhere even after its launch within the mainstream world.

Nonetheless, Facebook's cryptocurrency may only be a dream as it wouldn't be able to launch in the future because of oppressive governments worldwide. They believe that Libra will replace existing Fiat currencies as people will tend to use it more than anything else. Since governments want to maintain control of the monetary system, they won't allow this to happen anytime soon. In the bright side, Bitcoin and other decentralized cryptocurrencies will continue to function as intended for a very long time no matter what happens with Libra. Just my thoughts

Perhaps, your not the only person here in the forum who are interested to buy FB coin libra, but the thing problems is that
their launching is not happening yet, actually there is no announcement so far when will be launch anyway. So, expect a huge of investors
will attempt to buy em for sure.

But they can't prevent facebook from doing their plan, maybe there will be some delays next year but I think they will successfully launch this.
It could be negative but as long as there's no law that bans this people from running a project like Libra, facebook will eventually find ways to pass all the strict requirements US government may implement to them, and I also believe that they have already foreseen all these kinds of possibilities so they are ready for this.

Libra is expected to be launched by mid-2020, if everything goes as per their plan. But the problem is that not "everything" is going as per their plan. Last month, the Senate Banking Committee conducted a hearing on Libracoin. And from what I have heard, the response was mostly negative, as well as hostile. A number of senators, including Brian Schatz, Kyrsten Sinema, Pat Toomey and Chris Van Hollen participated in the hearing, with the most hostile reaction coming from Van Hollen. Schatz indirectly said that given the recent issues faced by FB (especially those related to data-privacy and election-meddling), they should not be taking the lead on a cryptocurrency project.

If you say you are not following the news about Libra, why are you writing here, answering the question the guy asked? As for this FB coin, I believe that private companies, such as Facebook, which issue their own tokens and compete with fiat currencies in the free market, where participants have the opportunity to choose which is better for them to use, will bring unconditional benefit to users of digital currencies around the world.

The Facebook libracoin is yet to be available for purchase, Infact it's been a long time since we last heard about the project. I don't know if they will be holding a public sale or a private sale, I only hope the initiative of the project hasn't been truncated by the United States government.

Oh really where does that info come from.
The only difference with Libra is that its price is made up of several fiats plus digital assets (USD + Euro + other fiat + digital assets) = Libra, if the algo to form that stablecoin is public or not no one knows right now. One thing it definitive will not be, is deflationary and will lose value over time. A new car used to be about 800 dollars.

Every private company establishing some money has been taken down because it is in direct competition to another private company the federal reserve bank.

Facebook Cryptocurrency = Inflationary, losing ~3% of value per year
BitCoin supply halving every 4 years (less and less new coins available)