Topic: Libra the new crypto king - page 8. (Read 10381 times)

Correct. Libra is not just another crypto. It's much more than anything the crypto world has ever seen. Cryptocurrency are fighting everyday for recognition while Libra will come forward with a wide acceptance and support. It would soon reign over crypto market.

Well, while looking at all the logos from the picture, it does sound like the new crypto King.
Actually, not only the new crypto king. But the new money king.
Banks and institutions should be scared. This thing will be huge.

I think Libra is different from crypto, although it may be made up of blockchain. Because I find it not open and unacceptable for everyone

I dont this so. Libra has definitely created good hype in the crypto world due to the facebook popularity. Still BTC will rule the crypto world and will always be the king.

the more I'm reading about it the more skeptical I become as to wherever the current system will allow something big like this to happen
if the project is complete and is not a total flop , the new coin could challenge fiat
yes it is centralized , yes it can be called crypto just because it is somehow connected with the distributed ledger or blockchain
but this could be the first attempt , the real one to overthrow the fiat supremacy as we know it
it could both open the floodgates for the real crypto to enter the day to day people's lives
or it could compete with bitcoin and make it less viable , lets wait and see
one thing for sure:P financial regulators and institutions won't go down without a fight and I expect sooo many different interesting laws directed at Libra very soon

You must know that not all of Facebook users are into crypto, heck even I'm sure that big portion of them doesn't even into tech, therefore how much facebook users are doesn't really matter to their Libra coin. Libra is being hyped up because it's just developed by facebook and got huge chunk of money, there's nothing more to that that could make it the new crypto king while it is actually centralized coin.

With libra being accepted by a plethora of businesses and merchants. It would soon be a global cryptocurrency and if Facebook is able to convince governments around the world for not banning Libra, it would start a new age and generation of cryptocurrency which would be followed by many others.

Facebook users are very numerous and I'm sure it will be the main community that will make this coin become king plus the collaboration of various companies behind it I think it's easy for Libra to be one of the favorite coins.

I guarantee 100% it will never be a crypto king. I really feel like it is so stupid that all the big guys are talking about Libra like it is great when it is not even out yet. Just hype like EOS. Potential is worthless in crypto world without true adoption and users. Just because you add a crypto to FB does not mean you transform users into adopters.

But let us see,,, maybe I am wrong after all. Who knows?

I still believe to the bitcoin even they have new competitors will launch in 2020 name is libra my vote still in bitcoin.
But still not confirm what will happen in 2020 maybe they have bug chnages happen or still the same we need to wait to happen that but I hope all of the effects must be good in the crypto investors.  Many partners have libra and once it launch many company will want to partner too and that's so amazing and hope for the bitcoin also.

libra may have a very large community. or maybe when the release and start trading libra can immediately occupy the top 100 coins. that might have happened because seeing so many large companies also had the development of this coin behind. not only facebook.

It has not launched yet, so we can't just say that Libra will be the new crypto king. Although it really has a great potential and the most promising coin nowadays, but we'll see in the future if it reaches our expectations. I still believe in bitcoin though.

You say Libra will be the king of coins below Top 10 altcoins, but not to say that Libra will be king of crypto’s which will be impossible, no matter the new invention they are coming with, we already have too many crypto users for now, that are satisfied with whatever project they are part of or whatever investment they are into.

The only thing I can see that will give Facebook edge over some coins like ripple and others below BTC and ETH is if people see great opportunity for them to make money through investment, which they will first get the initial hype, lots of investors who would eventually dump the coin, but the good thing about Facebook project is that, their working product will endeavor not to get them to become shitcoins no matter the dumping.

I don't really believe in the coins that were recently released because we don't have too many enthusiasts, and we learn from experience that not all new coins succeed in this cryptocurrency, even a lot of new coins that only last for a while, don't run out  have a good price or volume change, so I don't believe it fully

You are correct. AT worst, this Libra coin will just act like a 'glorified' BitPay or Facebook 'PayPal'...but then again, even if that is all that comes from it,

 just think of all the fees from 1.5 Billion Facebook users! If even 10% of the world users use this Libra coin, Facebook will kill this and make mucho bucks!

If you add the 'data mining' of purchases and tracking on to the 'regular' kind of stuff that Facebook is already doing, well you get even more data and thus, even more, $$$ the deeper

and bigger the data dive into your privacy.

Lastly, Facebook 'eventually' intends to act as a bank and allow 'micro-loans' to start for 3rd world nations and eventually to full loans and or interest paying like a bank.

All the above is a bit more than completely going to go Facebook's way, with all the issues it has with data and privacy and being too large with talk of breaking it up.

But from Mark Zuckerberg's viewpoint even a 'broken up' Facebook with MOST of the above is going to make him much, much, I mean, MUCH richer. Even if he simply

has Facebook broken up into other companies that specialize in most of the above. Getting around the anti-trust stuff. He will still be in control on all those entities anyway.

Indeed, even modest success in the above, he is gonna just kill it. Anyway, my view. Also from someone who a long time ago gave up on any privacy of any kind on Facebook

or anyplace else. That war was lost a long time ago.

later

Brad

It's really about what you call a king. And if there's too much of them claiming the title for king, The importance of the word king would tarnish.
When it comes to cryptocurrency, I believe four things are to be considered to define a king. Price, number of transactions per day, numbers of people using (community), total marketcap.

That is crazy. it isnt anything more then a tool to keep you spending money and get tied to facebook even more. Dont think things are secure just because facebook is running it.

yes, with notes Libra is able to provide a service and comfort that is far better than bitcoin, and more importantly security can really be guaranteed. maybe it was only libra to be the new king of crypto.

its not HYIP but hype these are too different things
and seems like Libra did create some shockwaves in the market
I can't explain the sudden 20% price raise in a matter of a week , there were no other major news
but they are going to get major flak from the financial institutions and I wonder if the project takes off at all
because it directly threatens dollar and the current bubble debt ridden system , less than bitcoin would since its just the same dollar but in an electronic form , but still

HYIP occurs because too many large campaigns start to enter the cryptocurrency market and people want to earn big money