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Topic: Libra/Diem is dead? - page 2. (Read 258 times)

jr. member
Activity: 840
Merit: 4
February 02, 2022, 04:33:03 PM
#13
That your new Libra seems to want to piggyback on the popularity of the Facebook Libra project. I dont like projects like that that try to pull that kind of stunt. It shows lack of imagination. What kind of message are they going to show the new investors
legendary
Activity: 3234
Merit: 1613
#1 VIP Crypto Casino
February 02, 2022, 04:28:13 PM
#12
I’m glad to be honest, Zuck’s cuck buck had to ask for permission, he didn’t get it & it failed. Bitcoin doesn’t have to ask anybody for permission, nation states can only ban themselves from it. Bitcoin can’t be stopped, indestructible digital property.
hero member
Activity: 2296
Merit: 506
Cryptocasino.com
February 02, 2022, 04:08:57 PM
#11
facebook is planningnfor the new world and it seems like this already abandoned and that s why you will be rarely seeing it that facebook talked about this again andn there s new latest news about this as well. meta is also thinking about the possible replacement for diem silently without try to sell others. remember that if meta is always giving a surprise. we kay ser that again soon. i hope that this will come true
sr. member
Activity: 2436
Merit: 272
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February 02, 2022, 11:01:20 AM
#10
Hi everyone,

Looks like Facebook's final attempt (Diem) at creating a new stable currency unit will never see the light of day. There is another LIBRA (freeport dot nu) that looks much more disruptive than what FB had in mind.

System spec seems pretty deep and I didn't understand all of it, but they provide simulations of their system and they look pretty convincing. Could anyone with a finance/crypto background weigh in on this?
Still Facebook is waiting for the regulation body to approve their project all over the world and they can survive no matter what because of their network effect in this internet world but the question is will they ever launch their project?

Because governments are creating their own stable centralized cryptocurrencies so they may not allow private companies to do the same.
hero member
Activity: 2604
Merit: 816
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February 02, 2022, 09:13:49 AM
#9
I hope the coin is dead by now Grin

I do not like FB joining in the crypto world and creating their own token because that can give them the power to control people on their site and everything will use their token to transact. People will be forced to buy their token if they want to get benefits from their site and if they do not want to use it, those people will get a warning from FB. It is better to search for the other project that will be better because we do not want to see them control how people use their tokens.
hero member
Activity: 2058
Merit: 761
To boldly go where no rabbit has gone before...
February 02, 2022, 06:47:31 AM
#8
Unless FB's new attempt to join metaverse world doesn't revive it, i guess it's dead.
TBH they should build something new, because the old one has 2 much baggage
full member
Activity: 2352
Merit: 245
February 02, 2022, 05:43:53 AM
#7
Yes likely, they've put the intellectual rights of it on sale.

Facebook reportedly ditches Diem stablecoin with asset sale

It has to get its return from selling it and whoever takes it should have to continue its development. I don't think that there's a need to worry about this project is on sale.

IIRC, FB is doing something bigger such as a payment method in Brazil. I forgot the details about that one which is like pilot testing that they've started only there.
Already, various sources have reported that Zuckerberg sold his rights to Diem's intellectual property and other assets to Silvergate Capital Corporation for a total of $182 million. Therefore, it is hardly worth considering the Diem stablecoin project dead. It looks like he will soon be reanimated and begin a second life. True, this time he will definitely have nothing to do with Facebook.
legendary
Activity: 3108
Merit: 1029
January 31, 2022, 11:21:11 AM
#6
Hi everyone,

Looks like Facebook's final attempt (Diem) at creating a new stable currency unit will never see the light of day. There is another LIBRA (freeport dot nu) that looks much more disruptive than what FB had in mind.
It's dead and that's why meta has been moving to the metaverse but it doesn't mean if meta is stopping its step in the crypto. Im sure that another plant already created by meta to create another new stable token in the future. Diem was not even born but it goes to the hell right now. I will never take any fake libra because that will always related to the scam project.
System spec seems pretty deep and I didn't understand all of it, but they provide simulations of their system and they look pretty convincing. Could anyone with a finance/crypto background weigh in on this?
It doesn't sound a legit project. Why is it using the same name as diem (previously libra)? is not it to taking the hype from libra and diem? I will ignore this one.
hero member
Activity: 2842
Merit: 625
January 30, 2022, 07:06:23 PM
#5
Yes likely, they've put the intellectual rights of it on sale.

Facebook reportedly ditches Diem stablecoin with asset sale

It has to get its return from selling it and whoever takes it should have to continue its development. I don't think that there's a need to worry about this project is on sale.

IIRC, FB is doing something bigger such as a payment method in Brazil. I forgot the details about that one which is like pilot testing that they've started only there.
sr. member
Activity: 1554
Merit: 413
January 30, 2022, 06:46:30 PM
#4
...

I never heard another libra existed but for me, that's a scam. It sounds very suspicious to me. If that's more disruptive and then people should have known about that but i rarely heard people talked about that Do i miss something here?

I think fintechgeek is trying to advertise this new Libra using the already dead FB coin.
legendary
Activity: 3234
Merit: 1029
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January 30, 2022, 06:33:29 PM
#3
Looks like Facebook's final attempt (Diem) at creating a new stable currency unit will never see the light of day. There is another LIBRA (freeport dot nu) that looks much more disruptive than what FB had in mind.
.
Confirmed by facebook itself https://decrypt.co/91523/facebook-meta-libra-diem-stablecoin-is-dead

I never heard another libra existed but for me, that's a scam. It sounds very suspicious to me. If that's more disruptive and then people should have known about that but i rarely heard people talked about that Do i miss something here?


System spec seems pretty deep and I didn't understand all of it, but they provide simulations of their system and they look pretty convincing. Could anyone with a finance/crypto background weigh in on this?
.Is this another libra issued by another company other than facebook? facebook shifted to the metaverse after facebook was seeing a chance with it. I never heard the libra that you have talked above.
legendary
Activity: 1778
Merit: 1474
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January 30, 2022, 05:39:08 PM
#2

Looks like Facebook's final attempt (Diem) at creating a new stable currency unit will never see the light of day. There is another LIBRA (freeport dot nu) that looks much more disruptive than what FB had in mind.

Yes it's almost dead.
Seems like facebook (actual Meta) realised that the project won't get a success after so many partners left the project. Diem was another initiative derivative from Libra which becomes the brand name of the company who should create/maintain the token.
Actually, users hope that Diem will be the token used in metaverse recently announced by the company, but this is just in their hopes as no one can confirm this yet.
newbie
Activity: 1
Merit: 0
January 30, 2022, 01:45:35 PM
#1
Hi everyone,

Looks like Facebook's final attempt (Diem) at creating a new stable currency unit will never see the light of day. There is another LIBRA (freeport dot nu) that looks much more disruptive than what FB had in mind.

System spec seems pretty deep and I didn't understand all of it, but they provide simulations of their system and they look pretty convincing. Could anyone with a finance/crypto background weigh in on this?
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