Is Libra the future anyone wants? - page 3.

Natalim

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Libra will be most centralized crypto asset. The main purpose of this asset is to track your buying activity and to use this info to sell it for their partners.

That's very negative, I think you don't like the project.
I know they had a bad reputation but whether we like it or not, the overall effect of Libra is positive and it could help the market to grow.
When it will be launch, it's gonna be part of the stable coins in the market and I'm pretty sure it will easily rise its daily trading volume since they have a lot of supporters, and imagine in the first year of operation, they'll be able to get at least 10% of the total potential users, that's huge already.

Bitcoin Seller

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Quote from: coin-investor on August 19, 2019, 09:49:02 PM

Quote from: rmilly on July 10, 2019, 06:43:14 PM

Libra has raised fears about the future of blockchain mainly because it goes against everything the community wants and believes in: decentralization.

Facebook could ultimately create a massive closed-loop revenue model from ads, digital marketplace, to payments. Do consumers want to bet on the status quo of existing monoliths?

https://elixxir.io/blog/is-libra-the-future-anyone-wants

It's not what the community wants, but it's what Facebook wants to feed to us, and we all know that massive advertising and propaganda can make things a reality and make the community embrace it.
Facebook has a long run of success on what they are offering to us and they will concentrate all their resources here to make us embrace and support it, even though we don't want it.

Nothing depends on the average users. Big Bosses do not care if they want it or not. It seems that despite all doubts Libra will be launched finally. The other day, the information appeared: The delegation of the US House of Representatives is eager now to visit Switzerland to discuss Libra and the future of it.

It seems that everything is more than serious. Libra will be launched.

Ss4sukE

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I can't fully assume about Libra coins or Facebook companies because until now they are still delaying the coins, and I don't know exactly when the coins will be released. but if they are right and immediately launch a coin it will likely have an impact on adoption.

Mrsparks

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Quote from: rmilly on July 10, 2019, 06:43:14 PM

Libra has raised fears about the future of blockchain mainly because it goes against everything the community wants and believes in: decentralization.

Facebook could ultimately create a massive closed-loop revenue model from ads, digital marketplace, to payments. Do consumers want to bet on the status quo of existing monoliths?

https://elixxir.io/blog/is-libra-the-future-anyone-wants

I have major objections to this libra coin. Although the hype it comes with has been good for the space, i think security of data will be at risk and the decentralized nature of the crypto space will be ruptured.

joshua123

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Im pretty sure there will be a huge gallery effect on many cryptocurrency community. Some will ride its hype due to being famous and some will not waive since the libra focus alone on centralized business of facebook with its allied merchants.

In my opinion, I think Libra will be good in the coming years if they not follow the case of xrp who is under a manipulated market from bankers and whales who also own or one of the corporation holder of ripple. The only pros of Libra is it under a giant tech Facebook and probably will be known to a lot of users. Will see if they launch already.

Free1bitco.in

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Libra's emergence in the coming year is full of pros and cons. some people support this development because it will facilitate transactions made from all people in the world, given that Facebook is the largest company of social media that is popular today.

Some parties certainly reject this development, even some information that I read says that this will be a new monopoly of money. Until now, so many terms have emerged, and the news is pros and cons. but, personally, I certainly strongly support this development, and feel that libra will help the development of transactions, and technology in the future.

voltesbit777

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Quote from: Coin BTC on August 17, 2019, 03:35:26 AM

Quote from: rmilly on July 10, 2019, 06:43:14 PM

Libra has raised fears about the future of blockchain mainly because it goes against everything the community wants and believes in: decentralization.

Facebook could ultimately create a massive closed-loop revenue model from ads, digital marketplace, to payments. Do consumers want to bet on the status quo of existing monoliths?

https://elixxir.io/blog/is-libra-the-future-anyone-wants

If I'm not mistaken, Libra is the name of the blockchain, and Calibra is the name of the company. I see the Facebook team wants to build a Blockchain and coins that have coin capacity levels into global currencies. I think this is not much different from the blockchain that we are currently using. Maybe the Libra name is popular more quickly because it has a Facebook team. For the truth of this we have not found. Perhaps the strength of Libra is that it is easier to recruit investors compared to Bitcoin in the past. Bitcoin is formed from the ground up, whereas Libra has already been there Facebook as a strong foundation.

Well, in my opinion Libra has nothing difference to other altcoins that will rise here in crypto industry. Even some of the community thinking that Libra will surpass bitcoin, that won't be happen no matter how strong their big connection they have in business world. It will only be like what happened to other altcoins in the end.

breathlessz

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I don't want that coin. There is no major difference between the fiat and the libra coin. I don't think that it is going to bring something new in the market. It will use blockchain technology and can be legally used. There is no personal liberty, which people looks for in the cryptocoins.

Libracoin's big win was only because it was brought by a big company, so this news became booming, but for experienced bitcoiners it was indeed less enthusiastic about this coin. but on the other hand, I think libracoin will easily attract lay investors who have just learned about cryptocurrency. It is very unfortunate that the decentralized system is lacking on this coin

lixer

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Quote from: guoyu78 on August 18, 2019, 10:06:27 AM

If Facebook is really building a blockchain, then I think that they are already digging their grave already, except maybe they will regulate the blockchain and any project that will want to come through their chain, because we can see what is happening to Ethereum right now.

If they don’t regulate their blockchain, there are going to be lots of shit projects for sure. But, the way I’m seeing it they are going to be regulating their blockchain. Facebook is a big company and I don’t think they would like any of such things staining their name. Because, if they allow such things to happen then it’s going to make a lot of people hate them for it and that is going to cause them a bad business, which I’m very sure they wouldn’t like of course. But, we can’t tell the future, it’s still a long way ahead… so till then we will get to know the full plans they have for this their Libra.

Quote

Whatever blockchain that Facebook is building will be very similar to the services of Ethereum also and if that is the case, they will surely affect the existence of Ethereum

But, this is not the future I want. Libra is a stable coin and I want it to be a future on stablecoin industry and not into smart contract areas. Dual functionalities may lead to misunderstanding of application of libra which is more dangerous one as it directly affects new adopters.

ALLAH 1

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Libra coin is just a blockchain based version of fiat. No true advocates of decentralized cryptocurrency would ever want that. But we also have to admit that there are millions of facebook users that are not into crypto, so those will be their target customers. The bad rep will be, those customers will consider it as true crypto since they are not well aware of bitcoin and true characteristics of a decentralized cryptocurrency.

aauchit

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its really looking great yes, Libra is going to be popular coin these days just because of, it is launched by Facebook. As we can see from the last year many ICOs have launched

killat

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Personally, I don't think that Libra will have any positive impact for crypto environment. First of all, Libra will be a stable coin, so it's price will remain stable as long as it will be used.

People interesting in crypto will not be very interested in a stable coin that can be used mainly only on Facebook platform.

upyem2k

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Whether the Libra will be the future everyone wants largely depends on the ability to be what it is expected to be. Acceptability among the various individuals and organizations as a means of payment. If not, I don't see it beyond all other diminishing tokens or coins dwindling on various exchanges.

coin-investor

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Quote from: rmilly on July 10, 2019, 06:43:14 PM

Libra has raised fears about the future of blockchain mainly because it goes against everything the community wants and believes in: decentralization.

Facebook could ultimately create a massive closed-loop revenue model from ads, digital marketplace, to payments. Do consumers want to bet on the status quo of existing monoliths?

https://elixxir.io/blog/is-libra-the-future-anyone-wants

It's not what the community wants, but it's what Facebook wants to feed to us, and we all know that massive advertising and propaganda can make things a reality and make the community embrace it.
Facebook has a long run of success on what they are offering to us and they will concentrate all their resources here to make us embrace and support it, even though we don't want it.

Cnut237

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It's certainly not the future I want. Facebook makes it's money from user data - our data. It models our behaviour and sells it on for profit. Libra is I believe primarily another data source, so they can track our purchases and feed this into their models, and make more money from us. It's getting quite advanced now with AI and machine learning not only able to predict our future behaviour quite well, but also - and more scarily - being able to manipulate our behaviour towards desired outcomes.

FB can F-off.

barbara44

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Quote from: Argoo on August 18, 2019, 01:34:39 AM

The creation of the Libra coin on Facebook met with great resistance from the governments of the United States and other G-7 countries. At the recent G-7 summit, it was decided to take any measures, up to a ban on the circulation of this coin in the territory of its states. These states fear, first of all, the great influence of Libra on the global financial system, as well as the concentration in private hands of confidential information about a significant part of the world's population. Given this, Libra is unlikely to ever appear, and even Facebook has already expressed doubt about this.

What is Facebook expressing fear for when it was all their fault for releasing such project at this time, if they had even limited the coin to just a utility tool that will be used within their system and paired with bitcoin which i initially believed that was going to be what the crypto is all about, but till I started hearing off them proposing to release a global currency and they think that the world would just accept them like that juts because they are Facebook.

The idea that Facebook can control everything is what is going to eventually kill Facebook and I think that mark Zuckerberg is too rich that what he is looking for is power, and now you are seeking power that will make the economy of the world to be under his system, he is already a failure as regards this Libra.

EXtremeAEX

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Quote from: rmilly on July 10, 2019, 06:43:14 PM

Libra has raised fears about the future of blockchain mainly because it goes against everything the community wants and believes in: decentralization.

Facebook could ultimately create a massive closed-loop revenue model from ads, digital marketplace, to payments. Do consumers want to bet on the status quo of existing monoliths?

https://elixxir.io/blog/is-libra-the-future-anyone-wants

I definitely oppose Libra (or any similar projects). Their idea in generally perverts the blockchain. In fact, it will be used exclusively for making money on other people. Using a big name "FB" Libra will gain the trust of millions of people.

aauchit

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excellent point that Elixxir brings up about Libra forming a closed-loop revenue model. Does anyone else feel this way or expand how this could happen or not

(o)(o)ilikeboobs(o)(o)

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Quote from: rmilly on July 10, 2019, 06:43:14 PM

Libra has raised fears about the future of blockchain mainly because it goes against everything the community wants and believes in: decentralization.

Facebook could ultimately create a massive closed-loop revenue model from ads, digital marketplace, to payments. Do consumers want to bet on the status quo of existing monoliths?

https://elixxir.io/blog/is-libra-the-future-anyone-wants

No, everyone wants it become real cause they can buy and sell it to make profit for a short time,
But governments and other big organizations never want facebook's coin to be real. There are too much side effect for such a big company as facebook. One of the biggest was washing money.

letyouearn

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Treating crypto just like another good investing instrument - nothing more. So, in this case Libra is good for me, as it helps more people to find out what the cryptocurrency is and create more hype around this market.

Topic: Is Libra the future anyone wants? - page 3. (Read 1335 times)