Is Libra the future anyone wants? - page 6.

Mr. Art

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HiveNet - Distributed Cloud Computing

Quote from: ?? on ??

In my opinion, Libra coins are not necessarily the desired future by anyone. because libra has not been tested for real. indeed recently the issue of the emergence of Libra coins continues to be the talk of many people.

everyone talk about libra, for example US government and manymore
and thats really good news for crypto world
why ? because they help to promote bitcoin and altcoins, just a free promotions already coming in crypto world now
be ready, because a huge demands will coming my friend

ðºÞæ

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Bitcoin © Maximalist

Pegged to fiat and a guaranteed ~2% value loss (or more if its hyper-inflates) due to inflation is no future.
Its just a continuation of the same. Actually worse as with cash you have at least have some freedom.

ElmedoRator

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Have you ever thought that Libra is simply a form of fiat currency, its value will be kept constant for the purpose of payment and use for advertising services, product payments, ...
I don't think it will affect the blockchain platform now and in the future.

asriloni

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Leading Crypto Sports Betting & Casino Platform

Quote from: bitcoinUF on July 16, 2019, 07:52:18 AM

The thing with Libra is the userbase is going to have by default. We are talking about Facebook, Instagram, Whatsapp

Instagram - 1 billion monthly active user
WhatsApp - 1.5 billion active users
Facebook - 1.7 billion active users

To put this into perspective
Coinbase - 13 million users

(all this data is from Google search btw)

They will easily become the most used token in the moment they release it. Also it will "enable banking" to a lot of people that only have a mobile phone and not a bank account. They will probably win the race as well of being easy to use as everything will be done in the background.

I don't like Facebook as a company, and there are a lot of privacy concerns. But also this could open the door for a lot of people into the crypto market or be used a fiat gateway.

If you are counting users from all of the facebook's companies and then we can assume only a few percent that really understand about crypto. To use the overall total users from all of the platform that owned by FB is not a good example.

Sirait

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Libra Coin, in my opinion, is not the future we want because what we want already exists like USDT or other stable coins, but the libra coin is the future that we hope for, because of the extraordinary collaboration between many large companies supporting the ecosystem of Libra. hopefully.. with the circulation of Libra, it can open the way for cryptocurrencies to be accepted by the general public.

Prolifik

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If Calibri wallet app will support also Bitcoin and other cryptocurrencies to buy and sell, then it will be the first step for massive adoption. Imagine that 2 billion people will have an opportunity of easy buying crypto. Shocked

cryptobae10

jr. member

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There are two sides to the libra coin and it depends on the one you choose

1. Libra coin held by Facebook could lead to data leaks because Facebook knows you, your mutual contacts and locations, if you are a very social person maybe libra is for you

But secondly on another sense, what benefits will libra coin bring for us all ? It sounds like a privacy coin restricted to certain extents, how can we all use it ?

How can it be the future, if we all can’t get access to it like bitcoin ??

aauchit

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it is very uncertail now If it is only for that reason I don't think Libra will last long enough even though the previous project was even better.

jouns

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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 seems to me that Libra will not become a cryptocurrency, it will be something like Tether, personally I will not invest and keep this coin, but a large number of people will learn about cryptocurrency and Bitcoin thanks to this project.

bitcoinUF

copper member

Activity: 24

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The thing with Libra is the userbase is going to have by default. We are talking about Facebook, Instagram, Whatsapp

Instagram - 1 billion monthly active user
WhatsApp - 1.5 billion active users
Facebook - 1.7 billion active users

To put this into perspective
Coinbase - 13 million users

(all this data is from Google search btw)

They will easily become the most used token in the moment they release it. Also it will "enable banking" to a lot of people that only have a mobile phone and not a bank account. They will probably win the race as well of being easy to use as everything will be done in the background.

I don't like Facebook as a company, and there are a lot of privacy concerns. But also this could open the door for a lot of people into the crypto market or be used a fiat gateway.

Invester

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Activity: 646

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PNNV.COM Live bitcoin price monitor

It is not Libra upon which my hopes are founded. Bitcoin is. The future of currency is created by Bitcoin. And that is the future that I want.

pedpedped101

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The team of Libra are trying to make it look like it is the best, whereas it might ho against the ideas and ideologies of some people about what cryptocurrency is. There have been a lot of promises by different developers, which the wants of the community is not fully satisfied.

OptimusPrime_3

jr. member

Activity: 308

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Moving forward the future we want, libra is a step forward so I do yes it's the future we want. We need more tech on blockchain and we need big companies to come in. So far libra has shared the table and it is a welcome development

TheClownSong

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Quote from: Nezerlan on July 16, 2019, 02:00:45 AM

Libra is meant to be a stable coin if I am not mistaken. So it will not have much impact on the future of cryptocurrencies. Rather I believe that it will even help in marketing blockchain and other cryptos to the wider noob community

I agree, because Libra Coin is stable coin, I think people only need to transact on Facebook platform. But as an investment, I think it's the same as holding US Dollars and no profit will be earned

Shanisaimi

newbie

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Thanks for asking this .this is my thought libra coin is better and safe coin as well .this is good for future it will help us in many way of our life .it
could make our life easy fast and precious .this is stable coin we can hold our deposit but we can not grow in this as other coins

Nezerlan

jr. member

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Libra is meant to be a stable coin if I am not mistaken. So it will not have much impact on the future of cryptocurrencies. Rather I believe that it will even help in marketing blockchain and other cryptos to the wider noob community

silent17

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Quote from: Argoo on July 16, 2019, 12:35:31 AM

Quote from: ?? on ??

Quote from: reynald70 on July 13, 2019, 06:45:23 PM

I think Libra will be a coin equivalent to a dollar, which has price stability. And this Libra coin will not be able to compete with Bitcoin, because of the striking difference between the two, so I personally only hope that Libra and Bitcoin will coexist.

It is too early to draw conclusions about the coexistence of bitcoin and the Libra coin.Facebook also has a lot of problems.Perhaps it will be a coin only for internal use without support for conversion or exchange to another crypto currency.The regulators will decide.Let's be patient.

First let this Libra coin appear, we will evaluate it, and then we will decide. In any case, without the support of the people, this coin will have no future.
In addition, now with the launch of this project, Facebook has big problems due to the US position. This coin, which made a lot of noise, may never appear.

According on what I read about libra coin, It's true that the libra coins run using the blockchain technology, and it's also true that the price of the libra coin is stable, but according to what I read, libra coin is not considered as a cryptocurrency, I think it will only use the blockchain technology for faster transaction processing but it will only run in the facebook platform and will not be put on exchange. If this kind of coin really do put on exchange, do you really think the this kind of coin will really be stable, and if it is on the exchange, it will only be like the TUSD which is redundant to the marketplace.

Argoo

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Quote from: ?? on ??

Quote from: reynald70 on July 13, 2019, 06:45:23 PM

I think Libra will be a coin equivalent to a dollar, which has price stability. And this Libra coin will not be able to compete with Bitcoin, because of the striking difference between the two, so I personally only hope that Libra and Bitcoin will coexist.

It is too early to draw conclusions about the coexistence of bitcoin and the Libra coin.Facebook also has a lot of problems.Perhaps it will be a coin only for internal use without support for conversion or exchange to another crypto currency.The regulators will decide.Let's be patient.

First let this Libra coin appear, we will evaluate it, and then we will decide. In any case, without the support of the people, this coin will have no future.
In addition, now with the launch of this project, Facebook has big problems due to the US position. This coin, which made a lot of noise, may never appear.

globalking

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POINTPAY

anything which is centralized control by somebody I personally don't like it and the whole purpose of cryptocurrency is to be decentralized

santiPOGI

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LIBRA is another cryptocurrency (alternative coins), this one will give more support and acceptance on crypto.
But this is just another alts which can be more successful than others.
We can use this to gain more people in the community and acceptance for more merchant in this world.

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