Topic: Huawei Chinese version of Libra ? - page 4. (Read 758 times)
This is just an idea, but there's a possibility that it's going to happen, it depends on how Libra coin perform in the market, my opinion on this is they are jealous that an internet-based company is now going to be a big threat to so many companies and countries, but everything depends on how the US restrict Libra Coin.
Chinese are the most innovative in many ways. If the US is making all these things so complicated, China doesn't have to make all these complicated like the need the money all the time. So yes why wait for this Facebook Libra, let it all fly being decentralize. If you hate Facebook Libra so much for it being scary because of privacy security, Chinese will save the day.
Quote
Huawei CEO Ren Zhengfei: Why Wait for Facebook? China Can Issue Its Own ‘Libra’
source articles:
https://cointelegraph.com/news/huawei-ceo-why-wait-for-facebook-china-can-issue-its-own-libra
https://finance.sina.cn/chanjing/gsxw/2019-07-26/detail-ihytcerm6336647.d.html?ivk_sa=1023197a
Whaaaaaat
Yes we can have many 'Libras' in the world.
Bunch of centralized so called coins that will fight and compete with each other.
Why are they doing this?
Because they cant control Bitcoin
Chinese are greedy and they don't want to be left behind in terms of technology. Just like most of the traditional trades all around the globe, most of them are owned or partnered with Chinese. Though this would create a diversity for investors to where they put their money.
As far as the Chinese version, I think it wouldn't gain that much traction. Probably in their country, but outside the sphere, this will be just another shitcoin, IMHO.
That may be the exact idea, China has the largest population in the world. And a breakthrough in that market alone would bring lots of revenue. Facebook's platform would reach out to far more people but I do not think it would want to lose the Chinese market.
China is simply marketing it's population.
I don't think that centralized coins are very good idea, they will not gain so much users attention. Decentralized system is one of the primary things that attracted Bitcoin users and that was different to traditional banking system.
Also, this Chinese version might work for China but I don't think it will get attention anywhere else in the world. So, I don't actually see the point.
Also, this Chinese version might work for China but I don't think it will get attention anywhere else in the world. So, I don't actually see the point.
I don't understand the purpose of such a thing. With Wechat and so on they already have near complete control of everyone's finances. No one outside China will want to use it or accept it anyway. Seems like thoughtless bandwagon jumping.
And they thought that they can do better because they are a country and Facebook is an internet company, it's actually the crypto community that will decide the fate of any coin in the market if you ask people, I doubt they are going to support it, knowing how they are hard on Bitcoin but they cannot compete on something that is not yet released and it will take time before congress make a go on Facebook .
They want to do it because they are greedy and wanted to make more money out of the crypto market. They know that having their own token, they will have total control. That's why many crypto enthusiast are shunning away from Libra.
As far as the Chinese version, I think it wouldn't gain that much traction. Probably in their country, but outside the sphere, this will be just another shitcoin, IMHO.
As far as the Chinese version, I think it wouldn't gain that much traction. Probably in their country, but outside the sphere, this will be just another shitcoin, IMHO.
You know China is a country with one of the largest population on earth,
and they have copy clones for every single application available in the western world?
QQ and WeChat, (Chinese Whatsapp clone)
Renren (chinese facebook clone)
Weibo (chinese Twitter clone)
Youku Tudou (chinese youtube cloen)
Dianping, Douban....
I am not surprised by this move at all.
They want to do it because they are greedy and wanted to make more money out of the crypto market. They know that having their own token, they will have total control. That's why many crypto enthusiast are shunning away from Libra.
As far as the Chinese version, I think it wouldn't gain that much traction. Probably in their country, but outside the sphere, this will be just another shitcoin, IMHO.
As far as the Chinese version, I think it wouldn't gain that much traction. Probably in their country, but outside the sphere, this will be just another shitcoin, IMHO.
Quote
Huawei CEO Ren Zhengfei: Why Wait for Facebook? China Can Issue Its Own ‘Libra’
source articles:
https://cointelegraph.com/news/huawei-ceo-why-wait-for-facebook-china-can-issue-its-own-libra
https://finance.sina.cn/chanjing/gsxw/2019-07-26/detail-ihytcerm6336647.d.html?ivk_sa=1023197a
Whaaaaaat
Yes we can have many 'Libras' in the world.
Bunch of centralized so called coins that will fight and compete with each other.
Why are they doing this?
Because they can't control Bitcoin
Jump to: