Libra is cryptocurrency and works like another crypto, there's reason why they call it crypto you know and Facebook is a platform that using centralized server.
idk if Libra gonna utilize already existing blockchain or not but it's not gonna be affected by one server crashing. Honestly, i am more concerned of Libra unable to handle the massive traffic from the people who try to use it than their web server crashing because until now we still struggle solving scalability issue.
Topic: Facebook Issue - page 2. (Read 634 times)
I think that Libra will be decentralized, which means that Facebook platform will enable users to interact and exchange or Send the tokens in the Blockchain and that the tokens won't be holded in Facebook platform itself. If i am not wrong, Server outrage and these Kind of issues won't be a big issue. What makes me feel disgusted is that Facebook isn't meant to be decentralized and that it is just not respecting the privacy which is meaning that using Facebook won't be the best choice.
if the facebook server is having problems. I'm afraid this will be a problem for Libra users. Although Libra and Facebook servers are separate, the Facebook platform can be a gateway for hackers to retrieve transaction data for Libra users. everyone knows that blockcain technology is very tough to date, but hackers carry out their actions via other platforms.
hero member
Activity: 2660
Merit: 651
Want top-notch marketing for your project, Hire me
The problem of Facebook/Instagram having a server problem cant be used to judge what the circumstance of Libra will be because the project will not be governed by the Facebook team only and the last time I checked Libra is a crypto which will have it own blockchain and for the team to have coinbase, novi etc but theres one i dont understand about the project. Mark was not listed among the team or board of directors. Whats happening?
In my opinion it is not a big problem what happens to Facebook servers, because I also experience the same thing on other social media.
And Facebook has proven successful in handling the problem of interference on the server network very quickly, because the problem has
been resolved now. But regarding the Diem project which is coming out soon, Facebook must have a different server and must have a much
more stable server. Because the Diem project is a stablecoins, there will be many transactions. Then there cannot be much server disruption
or the blockchain network must be relatively stable.
And Facebook has proven successful in handling the problem of interference on the server network very quickly, because the problem has
been resolved now. But regarding the Diem project which is coming out soon, Facebook must have a different server and must have a much
more stable server. Because the Diem project is a stablecoins, there will be many transactions. Then there cannot be much server disruption
or the blockchain network must be relatively stable.
More than billion people are using facebook and Instagram, and their servers got down very rarely but Libra is not something going to be like a facebook because it involves money so there will be more concerns on the security not the privacy.
I think you are just overreacting to what happened on Facebook Messenger downtime yesterday. After all, it was addressed within a few hours and the operation goes back smoothly (status might vary per area).
Now that you know the fact that Libra now rebranded into "DIEM" and it's now preparing the launch of their stable coin, nothing to worry about now on your part.
But for let's say there are no rebranding, it's a no-brainer for Facebook to use the same server for their own stable coin. It should be separate as it serves a different purpose. They are composed of knowledgeable people so I'm sure they know what they are doing.
If you guys didn't know, Facebook had an issue hours earlier and this includes the Messenger and Instagram, if you're using these two about 6 hours ago you'll be likely to experience the same issue as mine. But this isn't the main concern of me, what bothers me is this, as we all know Facebook has this Libra, their own crypto and I think they are near deploy it, wouldn't it be too dangerous for people who will use Libra when they are still having a major issues with their servers? What if a more complicated issue happen when Libra is already there?
It wont matter yet these issues doesnt really come often when it comes to servers etc. yet their Libra project would be launched no matter what and with those die hard fans or users of this one
will surely be looking on that one.
These current issues wont really be that a main hindrance for them because it can just be resolved out but of course there would really be critcism regarding into this one.
If you are fully aware and can took of the risk then its your choice but most of the time project or coin value wont be always reflecting on what is happening into their
current platform.
IMO. Facebook server and Libra would be two different servers.
I don't think that the downtime that facebook has experienced will do the same for Libra.
Like that, it also happens for some other services that they experience downtimes.
I don't think that the downtime that facebook has experienced will do the same for Libra.
Like that, it also happens for some other services that they experience downtimes.
A large platform will certainly have some problems and that for me is quite natural. Facebook is a huge platform and of course no server is completely perfect. Libra is a new project from facebook and I'm sure they won't be perfect right away.
But they can solve that, all platforms big and small if it's a really good project then they'll update it every time there's a problem and it will continue to do so.
But they can solve that, all platforms big and small if it's a really good project then they'll update it every time there's a problem and it will continue to do so.
Most certainly Facebook to be broken up.
https://www.cbsnews.com/news/facebook-antitrust-lawsuit-ftc-46-states-instagram-whatsapp/
Its 49 states now.
https://www.theguardian.com/technology/2020/dec/09/facebook-lawsuit-antitrust-whatsapp-instagram-ftc
Consider shorting Facebook stock (not financial advice) It will not be in its current form in one years time.
https://www.cbsnews.com/news/facebook-antitrust-lawsuit-ftc-46-states-instagram-whatsapp/
Its 49 states now.
https://www.theguardian.com/technology/2020/dec/09/facebook-lawsuit-antitrust-whatsapp-instagram-ftc
Consider shorting Facebook stock (not financial advice) It will not be in its current form in one years time.
That will not be an issue as I think. I don't think the Libra and Facebook or Instagram are the same or sharing the same server. Reading more about libra with get you enlightened that one does not affect the other even when they have same owner. Libra is a crypto which has an entirely different programing from that of the social media.
I think we shouldn't put ourselves into a problem about that Facebook glitch, Because I believe that most of the social media platforms are also experiencing any glitch, and thats normal but regarding Facebook own cryptocurrency which is Libra/Diem I dont think it would be the same because it needs a more stable Blockchain Network to function normally so I believe Facebook will make it happen, that's why let the Facebook team handle the problem.
If you guys didn't know, Facebook had an issue hours earlier and this includes the Messenger and Instagram, if you're using these two about 6 hours ago you'll be likely to experience the same issue as mine. But this isn't the main concern of me, what bothers me is this, as we all know Facebook has this Libra, their own crypto and I think they are near deploy it, wouldn't it be too dangerous for people who will use Libra when they are still having a major issues with their servers? What if a more complicated issue happen when Libra is already there?
CT Downdetector
In my opinion, Libra Coin and Facebook platform will not use the same server. The Facebook platform and the Libra Coin are designed for different purposes, so why do Libra coins use the same server as Facebook? It would be better if the Libra coin has its server and Facebook also has its server. CT Downdetector
If they will release Diem (new name of Libra) I'm pretty sure they will use a separate more stable server for Diem and just implement in on Facebook platform to make it work as they want to. Server issues is pretty normal for any websites even our forum encounters some server issues sometimes where we can't log in to the forum.
In fact, I do not know what everyone is talking about the Facebook Issue.
Each one discussed the subject.
Can anyone please tell me what is the real incident?
In general what has happened to Facebook is the news about the launch of their token called Libra, but I myself have never seen that token in the market, meaning that from the various summaries that I have read, only Libra has the most discussion. Each one discussed the subject.
Can anyone please tell me what is the real incident?
In my opinion, the Facebook server problem has no effect on the Libra coin being implemented because Facebook publishes Libra is committed to building a trading platform, providing a fast, secure, and valuable Libra exchange service for users around the world.
If libra was built using blockchain system it's gonna be different and you don't need to worry since it's messenger, facebook, and Libra (called diem as of now) is definitely different think whereas their facebooks serves so much data it's easy to become detrimental for their server.
Except if Libra turns out to be another service like Paypal then you need to worry, though f it's just down for few hours and no data losses it's still fine. There's reason why most of server provider always saying 99% uptime becasue the 1% is the random downtime like this.
Except if Libra turns out to be another service like Paypal then you need to worry, though f it's just down for few hours and no data losses it's still fine. There's reason why most of server provider always saying 99% uptime becasue the 1% is the random downtime like this.
Well, I think you are just not updated on what is really happening.
Use this link.
https://bitcointalksearch.org/topic/--5297738
Libra was also discussed there. Oh, and it's not Libra anymore.
They are trying to create something new but their government is still the obstruction.
You should not worry about it yet. They will need to pass a lot of tests which are like walls to them.
Also, because one application made an error means it will affect everything.
Use this link.
https://bitcointalksearch.org/topic/--5297738
Libra was also discussed there. Oh, and it's not Libra anymore.
They are trying to create something new but their government is still the obstruction.
You should not worry about it yet. They will need to pass a lot of tests which are like walls to them.
Also, because one application made an error means it will affect everything.
Technology has its lights and shadows. Not only facebook has problems with servers, all other social networks.
But if Libra uses their platform and the servers crash. If you are going to have a lot of complaints with your transactions.
I believe that Libra should be independent of social networks, and will have greater global acceptance...
You spoke my mind, there are also possibilities that the server problem might be a form of upgrading the site. Ethereum had it hack in few days after launch yet it is the second marketcap in cryptocurrency today, the hack is not the end of the world if they know how to handle it. I also think such problem coming early might reveal the defect to resolve. Libra is very important to this space adoption at the moment, we need new form of crptocurrency exposure But if Libra uses their platform and the servers crash. If you are going to have a lot of complaints with your transactions.
I believe that Libra should be independent of social networks, and will have greater global acceptance...
Jump to: