Is Libra the Ethereum + Ripple + EOS + TRON + .... killer? - page 7.

sandra_x

member

Activity: 574

Merit: 14

Quote from: Nalbo on June 18, 2019, 10:09:33 AM

Here

To drive widespread adoption, Libra is designed to be a currency where any user will know that the
value of a Libra today will be close to its value tomorrow and in the future. The reserve is the key
mechanism for achieving value preservation. Through the reserve, each coin is fully backed with a
set of stable and liquid assets. With the presence of a competitive group of liquidity providers that
interface with the reserve, users can have confidence that any coin they hold can be sold for fiat
currency at a narrow spread above or below the value of the underlying assets. This gives the coin
intrinsic value from the start and helps protect against the speculative swings that are experienced
by existing cryptocurrencies.

There's no speculation in Libra. So, it would not compete with the said coins.

Essentially a stable coin,value adjusted according to the underlying asset which are a mostly bags of government issued garbage such as bonds,treasury bills...it is in no way near the above mentioned in a free market.I suppose they will focus on payments systems only

blueteam09

full member

Activity: 664

Merit: 100

📱 CARTESI 📱 INFRASTRUCTURE FOR SCA

What if the world's largest exchanges claimed not to support Libra on their platform? Libra may be the upgrade platform of all the powerful platforms currently in place, but if whales resist it, it is unlikely to grow. Libra's development depends on whales.

Cnut237

legendary

Activity: 1904

Merit: 1277

No, it won't destroy or replace other coins.

Facebook is a data mining company. Their interest in crypto is as a means to harvest yet more data to use for behavioural profiling (and modification) and to sell on to third parties for advertising and further profiling.

Facebook is a plague, and the antithesis of privacy. Avoid at all costs.

Genkotsu

member

Activity: 308

Merit: 10

No i never LIBRA a Facebook coin that have impact so big like that.
I know if Facebook ia social media platform that have a million user in the world but not in cryptocurrency.
Don't expect too much, i smell something bad here.

vladimirhf

member

Activity: 590

Merit: 39

Quote from: DarkDays on June 18, 2019, 01:10:02 PM

Unless there are dApps, it will not directly compete with Ethereum, EOS or Tron.

exactly, I don't think they will build anything similar, it does not mention decentralized computing.
For sure it will be a choice for e-commerce for being stable, fast and counting on a billion wallets.

TheClownSong

sr. member

Activity: 1428

Merit: 251

Quote from: Febo on June 18, 2019, 09:56:29 AM

Is Libra the Ethereum + Ripple + EOS + TRON + .... killer?

https://developers.libra.org/docs/assets/papers/the-libra-blockchain.pdf

From paper we see what they try to do and is a combination of coins I mentioned. Can they survive in a war against Facebook?

Facebook is a large company and has billions of members. But I don't think it will make coins like ethereum or others will die but maybe compete in the market. Everything depends on investors and markets, but Libra Coin must be a coin that has great potential in the future

basicnecromancycr

member

Activity: 350

Merit: 12

Isn't that stable coin or did I heard it wrong? Also, the America problem is still out there.

MonsterV

legendary

Activity: 2212

Merit: 1008

Yes because Libra itself was created to perfect the previous altcoin. Isn't this indeed the law in crypto where there will always be new coins that perfect the coins before and now libra is present to perfect them.
Now for more, let's see how the libra works, whether it has a better ability than the previous coin or not.

killat

member

Activity: 742

Merit: 21

Be the reason someone smiles today

If Libra is going to be a stable coin, then there is no point in buying it at the start. If it gets popular after the launch, then we can use it as our stable currency; if it doesn't, we can go back to the old ones like trueUSD or Tether.

Personally, with the big names behind this coin, I think this coin will dominate the stable coin market and become the most popular stable coin. Nonetheless, I shall keep looking at non-stable coins for investment purposes.

binhvo1505

member

Activity: 728

Merit: 11

https://streamies.io/

Quote from: Febo on June 18, 2019, 09:56:29 AM

Is Libra the Ethereum + Ripple + EOS + TRON + .... killer?

https://developers.libra.org/docs/assets/papers/the-libra-blockchain.pdf

From paper we see what they try to do and is a combination of coins I mentioned. Can they survive in a war against Facebook?

I don't think Libra coin can impact those who have gone before. I know that Libra coin has strong capital and great partners. they will certainly grow very fast but that does not mean that it will be able to make the capitalization of ETH and other altcoins go down.
Libra still needs a lot of time to adapt and develop their plans. do not worry. Wink

Natalim

hero member

Activity: 3094

Merit: 606

BTC to the MOON in 2019

Quote from: Febo on June 18, 2019, 09:56:29 AM

Can they survive in a war against Facebook?

That's up to us, we are the one making the future of crypto.
Bitcoin is not the superb one in terms of used case or technology, but it still remains in the number 1 and even the most dominant currency, so I'm saying, Libra is not gonna destroy all the coins you've mentioned, they'll probably grow but this market will also grow and that results to increase of adoption.

H1N1

full member

Activity: 812

Merit: 100

Quote from: Febo on June 18, 2019, 09:56:29 AM

Is Libra the Ethereum + Ripple + EOS + TRON + .... killer?

https://developers.libra.org/docs/assets/papers/the-libra-blockchain.pdf

From paper we see what they try to do and is a combination of coins I mentioned. Can they survive in a war against Facebook?

Do you know why Ethereum can reached the 2nd top position in cryptocurrency ?
Because ETH have real use case, many peoples and big companies using ERC-20 tokens.
If Libra have some good use case in the future, then it can battle against the existing coins.

Grishanya1234

full member

Activity: 336

Merit: 100

Yes, indeed, Libra will become a major token that will enter the top 20 tokens, but it will not be able to compete with such a large token as Eth and for the fact that whoever invests in Libra anyway, Eth is much more and, accordingly, more demand and of course more price all simply.

DarkDays

legendary

Activity: 2030

Merit: 1189

As of yet we do not know the extent of the platform's smart-contract capabilities. Because of this, we cannot be sure that there will ever be dApps running on the Libra blockchain.

Unless there are dApps, it will not directly compete with Ethereum, EOS or Tron.

That said, Facebook has stated that its move programming languages is smart contract capable, but failed to reveal anything more.

kindbtc

member

Activity: 1008

Merit: 12

SAPG Pre-Sale Live on Uniswap!

Some coins may be effected due to the launch of libra coin but in the end every coin is unique and we cannot say that this coin will kill the other coin and regarding ethereum i have no confusion it has clear path ahead and we will see new all time high prices soon, just let it break 500-600 mark and then bulls will completely take over so im all in ethereum from here.

fulled

full member

Activity: 644

Merit: 103

Libra will be a giant coin for sure, but its cannot kill ETH XRP etc, the decentralized coins still always better than centralized coins, and i think LIbra is kinda centralized, but in other side it is good signal for crypto, im sure many people who still dont know about crypto will know after they search about Libra

Mr.Zero

member

Activity: 248

Merit: 11

i really really never think if that will happen.
LIBRA facebook coin, a minutes ago i check the website and read the whitepaper of LIBRA.
there is not have something special for me and i have a little doubt if LIBRA is not have expectation.
just my speculation.

l8orre

legendary

Activity: 1181

Merit: 1018

from the technical whitepaper:

Quote

The Libra Blockchain
Abstract
The Libra Blockchain is a decentralized, ...

decentralized := PERMISSIONLESS

so if this is not PERMISSIONLESS, then the first sentence of this 'white paper' is already complete and utter bullshit!

Now everybody just picture that piranha-like swarm of blockchain savvy black hats that are already cultivating their hardons for when they finally get a go at molesting sweet facecoin!

Grin

Ain't gonna be enough popcorn in the universe (remember to stock up long positions!), because this will inevitably get hacked-

or does anyone seriously think that a centralized sillycone valley run corporate $hitcoin with a cpl billion facebook users will not have boatloads of vulnerabilities waiting to be exploited?

right. decentralized soon

https://developers.libra.org/docs/assets/papers/the-libra-blockchain.pdf

Quote

The Libra Blockchain will be decentralized, consisting of a collection of validators that work together
to process transactions and maintain the state of the blockchain. These validators also form the
membership of the Libra Association, which will provide a framework for the governance of the
network and the reserve that backs the coin. Initially, the association (and validators) will consist of
a geographically distributed and diverse set of Founding Members. These members are organizations
chosen according to objective participation criteria, including that they have a stake in bootstrapping
the Libra ecosystem and investing resources toward its success. Over time, membership eligibility will
shift to become completely open and based only on the member’s holdings of Libra. The association
has published reports outlining its vision [1], its proposed structure [3], the coin’s economics [4], and
the roadmap for the shift toward a permissionless system [5].

Quote

While this method of assessing validator eligibility is an improvement on traditional permissioned
blockchains, which usually form a set of closed business relationships, we aspire to make the Libra
Blockchain fully permissionless. To do this, we plan to gradually transition to a proof-of-stake [47]
system where validators are assigned voting rights proportional to the number of Libra coins they hold.

Bananington

sr. member

Activity: 1470

Merit: 428

I really think LIBRA will do more good to the entire crypto market, rather than being a threat. I don't think ETH, TRX, and other existing projects have anything to worry about since Libra cryptocurrency will be a stable coin and its more centralized comparatively. Well this calls for more development progress for existing crypto projects.

didzi

sr. member

Activity: 1092

Merit: 250

Hodlers Network

Quote from: Febo on June 18, 2019, 09:56:29 AM

Is Libra the Ethereum + Ripple + EOS + TRON + .... killer?

https://developers.libra.org/docs/assets/papers/the-libra-blockchain.pdf

From paper we see what they try to do and is a combination of coins I mentioned. Can they survive in a war against Facebook?

more competitions from all the coins above is good for this crypto world
because, all the team member from project will do the best for their project, if they want to be the winner
maybe libra will bring somethhing new in this crypto industries, because a lot of hype and speculations coming to this coin
but, who knows ? because crypto world is unpredictable Wink

Topic: Is Libra the Ethereum + Ripple + EOS + TRON + .... killer? - page 7. (Read 1374 times)