Who cares if it will kill all stable coins? I'm holding bitcoin for myself and everything that's pair with bitcoin has to compete for themselves.
The advantage that this facebook coin has is that they are partnered with different companies to assure that their coin will be used for some services.
Topic: Libra May kill all stable coins and may be best trading pair for bitcoin - page 3. (Read 737 times)
June 18, 2019, 05:21:55 PM
June 18, 2019, 04:46:56 PM
I suspect same thing since it will be traded in exchanges, Libra coin may decimate the power of most stable coin, am always careful not to always leave my fund in USDT. USDT team must try to do something about their coin before Facebook give them a hot competition. Bull run is coming. God bless Satoshi.
June 18, 2019, 04:38:56 PM
Nobody trusts Mark Zuckerberg to create a currency that anyone can own and use without repercussions
https://techcrunch.com/2019/06/18/facebook-libra/
If you want to trust a bunch of bankers and regulators to create money we all can value and trade as money (without high fees, long term costs, privacy violations, lack of security and anonymity) then go do it!!
This is good for bitcoin. Shitcoins are still shitcoins regardless who creates them.
https://techcrunch.com/2019/06/18/facebook-libra/
Quote
Each founding member paid a minimum of $10 million to join and optionally become a validator node operator (more on that later), gain one vote in the Libra Association council and be entitled to a share (proportionate to their investment) of the dividends from interest earned on the Libra reserve into which users pay fiat currency to receive Libra
Quote
Payments: Mastercard, PayPal, PayU (Naspers’ fintech arm), Stripe, Visa
Technology and marketplaces: Booking Holdings, eBay, Facebook/Calibra, Farfetch, Lyft, Mercado Pago, Spotify AB, Uber Technologies, Inc.
Telecommunications: Iliad, Vodafone Group
Blockchain: Anchorage, Bison Trails, Coinbase, Inc., Xapo Holdings Limited
Venture Capital: Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures
Nonprofit and multilateral organizations, and academic institutions: Creative Destruction Lab, Kiva, Mercy Corps, Women’s World Banking
Technology and marketplaces: Booking Holdings, eBay, Facebook/Calibra, Farfetch, Lyft, Mercado Pago, Spotify AB, Uber Technologies, Inc.
Telecommunications: Iliad, Vodafone Group
Blockchain: Anchorage, Bison Trails, Coinbase, Inc., Xapo Holdings Limited
Venture Capital: Andreessen Horowitz, Breakthrough Initiatives, Ribbit Capital, Thrive Capital, Union Square Ventures
Nonprofit and multilateral organizations, and academic institutions: Creative Destruction Lab, Kiva, Mercy Corps, Women’s World Banking
If you want to trust a bunch of bankers and regulators to create money we all can value and trade as money (without high fees, long term costs, privacy violations, lack of security and anonymity) then go do it!!
This is good for bitcoin. Shitcoins are still shitcoins regardless who creates them.
June 18, 2019, 04:14:53 PM
I'll refuse to use this coin no matter what, I don´t agree with the policies of facebook and will not support this idea
I prefer to use other stable coins
I prefer to use other stable coins
June 18, 2019, 03:57:57 PM
Libra May kill all stable coins and may be best trading pair for bitcoin
Libra will increase liquidity for bitcoin and make it easier for people to obtain bitcoin, since it will make people feel more comfortable holding virtual currency. There will always be other stablecoins, in my view, since investors may have their own preferences over holding particular fiat currencies.
Some investors may prefer a token exclusively pegged to the U.S. dollar, pound, yen, won, etc.
June 18, 2019, 03:52:35 PM
I think I'll stick to gold myself
stable coins like USDT, true USD and more
June 18, 2019, 03:02:28 PM
I think I'll stick to gold myself
June 18, 2019, 01:16:24 PM
Libra May kill all stable coins and may be best trading pair for bitcoin
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