Market is Not Ready for Libra - page 3.

pamsugas

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Quote from: akmal1984 on October 27, 2019, 09:14:58 AM

Of course the market is ready for libra. Americans who are not ready for the Libra project. there is a lot of interest in the USA so the Libra project will not have easy steps to surface.What I think is that the USA is afraid that their currencies will be left behind because we all know how big the Facebook community is in the world.

agree with you, if libra is launched it is likely that libra will become a global payment because we know that facebook is a social media giant everyone has facebook meaning that the USD will not be used anymore, this is why America does not agree with libra being launched.

Kambal2000

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For me it is not the market is not ready for Libra, it is Libra who's not ready for the market. For those crypto enthusiast we all know its value and the platform itself and we all know that it is stable coin, we are good for it, but we are not that excited as the price of it will be just like dollar and not as digital currency like Bitcoin.

Bitlover10

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I don't know why some people don't like libra specially big bitcoin investors. Well i am still learning about this technology and libra could make more awareness about this technology. So it's good for crypto industries. As I saw many cryptocurrency already exist and actively trading over top crypto currency exchanges who don't solve any real problems in crypto world so why not we should encourage libra who have a lot of possibilites. And ofcourse Bitcoin is the king. Noone can ignore it.

airdnasxela

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It's not that they are not ready for Libra. They can, if they want to. But probably, people doesn't want or don't give much attention towards Libra. Libra didn't get much attention like what people are expecting it can get. And it's not because the market is not yet ready for Libra. Most must've prefer decentralized than centralized.

#Darren

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Why not? We all have seen how big the influence of Libra would be, because even after 2h speech of Zuckerberg, the market has fallen by 20 percent. In my opinion, market is waiting for official Libra announcement to launch the rocket.

akmal1984

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Of course the market is ready for libra. Americans who are not ready for the Libra project. there is a lot of interest in the USA so the Libra project will not have easy steps to surface.What I think is that the USA is afraid that their currencies will be left behind because we all know how big the Facebook community is in the world.

dothebeats

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The market always adapts no matter what new fad is thrown at it.

Many people believed that centralized coins have no place in a room full of decentralized cryptocurrencies, but XRP showed us that it's possible and they're going strong albeit the criticisms they have received over time. Libra on the other hand, gets the flak and always gets bashed because of the heads responsible for its creation, not actually the coin itself which IMO can contend among the other centralized coins that are in existence today.

If not for Facebook Inc. and Zuckerberg, we might be seeing Libra taking off the charts and being hyped for what its worth.

gaston castano

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Quote from: Samboo on October 27, 2019, 03:58:16 AM

" Still now authorities are not fully ready to welcome and embrace it fully. But they will embrace at the end "

We are the same in this matter. I feel the government should follow the development of technology and use cryptocurrency as a medium of exchange in running a country's economy. perhaps with this the wheels of government will run cleaner, as we know that the authorities are not completely honest with their people.

and for libra I think this idea should be further evaluated before they are released, I strongly disagree with full centralized.

X-ray

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Quote from: AliMan on October 27, 2019, 06:33:12 AM

Quote from: blckhawk on October 27, 2019, 05:01:40 AM

Facebook wants Libra to go live as soon as possible because they have fear of missing out in the cryptocurrency race. They want it as early as now, but being under a government that has hot eyes on cryptocurrencies, and Facebook being too popular, they need to pass through regulations, which isn't done yet and with controversies to Facebook's way of handling data and privacy, Libra is having a hard time to go to the market. Anyway, I don't think Libra is semi-centralized. It still seems centralized to me.

How can we call it centralized when it can't even pass the regulation of the US government. In fact Mark already have said some words against Libra that they won't pursue this project, one there's no proper turn over to public. Many of the prospected supporters of Libra were declining their interests for this project due to undergoing circumstances that roll over into speculations right now.

semi-centralized could be the marketing language however only when it is released to the public we can be more sure. However the withdrawal of their investors also become my concern not to mention that those are quite major investors in this case including paypal, visa and mastercards that'd be such a huge downhill in term of financial safety on their side.
In my opinion however, the market is ready for Libra despite all the fuss but it's just the government that's not ready for cryptos.

foxincoin

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We see before how facebook is untrustworthy company, we saw before how Violates our privacy, i think this will happen also with the coin, so i think it will not a good choice for us

MiguelCryptoss

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Don't get you mate, because before now there has been projects that came inboard to act as centralized and decentralized platforms, they are clear with their policies and straight forward with their reputation. But what we have seen with Libra is that; they have been untrustworthy with the opportunity given to them as one of the biggest social media on the internet. They have no reputation when it comes to data privacy protection, so, the market is not ready for such shitting project at this time.

huu78

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All markets are ready for anything under any circumstances. It depends on their project that has good support from its community what not.
Libra includes a Shade project of Facebook Inc and everyone expects it so it must be a lot of demand if the market remains bad.

AliMan

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Quote from: blckhawk on October 27, 2019, 05:01:40 AM

Facebook wants Libra to go live as soon as possible because they have fear of missing out in the cryptocurrency race. They want it as early as now, but being under a government that has hot eyes on cryptocurrencies, and Facebook being too popular, they need to pass through regulations, which isn't done yet and with controversies to Facebook's way of handling data and privacy, Libra is having a hard time to go to the market. Anyway, I don't think Libra is semi-centralized. It still seems centralized to me.

How can we call it centralized when it can't even pass the regulation of the US government. In fact Mark already have said some words against Libra that they won't pursue this project, one there's no proper turn over to public. Many of the prospected supporters of Libra were declining their interests for this project due to undergoing circumstances that roll over into speculations right now.

NeuroticFish

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Quote from: dnprock on October 26, 2019, 08:54:01 PM

The hearing lacked substance. Most congress members did not inquire deeply about Libra. They instead delved into smearing Facebook and its credibility.

Although the hearing was not about Libra, it had a very important meaning they wanted to demonstrate: it's too risky to put so much power into Mark's hands.
And Libra means a lot of power and a lot of things that can go wrong, no matter which angle you are looking from.

Libra would mean the first crypto with bigger acceptance than Bitcoin.
Libra would mean a stable coin, like USDT. Tied to one issuer. Something for which the issuer may impose rules you didn't even think of. Just remember what happened when Bittrex "seized" people's coins asking for KYC and multiply it 1 million times. And this can easily happen.

leea-1334

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Libra is too early? What nonsense I have heard,,, Bitcoin is 10 times more revolutionary than Libra and it is now 11 years old almost,,, Libra is nothing compared to most blockchain projects. At the most it is like Ripple, with a whitepaper that was so poorly written that it was taken down when people started pointing out the errors.

It is not too early, it is just not good enough.

crypoco

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I think this will not success as they plan to make it semi-centralized cryptocurrency, most of us go to crypto due to non-centralized cryptocurrency , and all of us looking for non-centralized cryptocurrency.

Darooghe

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I have been trying to stay optimistic about Libra, but I’m afraid it won’t be even a real cryptocurrency after all. All we know for now is that Libra will be based on blockchain. That’s good, Of course, but it doesn’t make it a crypto already. it is a digital currency. It is backed by fiat and is not in physical form. Libra will be tied to fiat value. Escaping the intentional inflation of fiat is a major advantage of crypto, and Libra is only going to be good vs Crypto, if Crypto fails.

Anyone who compares a fiat-stablecoin to a real cryptocurrency is forgetting some vital information about the Crypto dream/promise. there are some specific aspects of cryptocurrency which don’t match with Libra at any point. Crypto should be decentralized, and Libra made specifically for Facebook’s purpose, won’t be. it should be trustless but we won’t be able to check specific data bout it, cause it all will be in hand of Zuckerberg. Libra is not a new concept in Crypto, i think it’s exactly the same as all the altcoins before it, a distracting money grab that is marketed towards people who don’t understand it.

Pearls Before Swine

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Quote from: dnprock on October 26, 2019, 08:54:01 PM

Most congress members did not inquire deeply about Libra. They instead delved into smearing Facebook and its credibility.

They should have delved deeper into Libra, but this is what congressional hearings always amount to, ie, political posturing and attacks. On the other hand, I think facebook deserves some scrutiny about their privacy policies. A hearing about their crap stable coin just isn't the right place for it, tho. Our congresss just loves to do things like this. Always has, always will.

I am as indifferent to the fate of Libra as one can be. The world and future fate of crypto won't be affected either way if it never gets released and if it does, I have a feeling that there won't be many people who are enthusiastic about owning or using it. Are there that many people passionate about stable coins? Absolutely not. Facebook just wants another profitable thing, and they want to cash in on the crypto craze.

What worries me about Libra and the attention its getting from congress is that lawmakers might set a precedent here if they make a ruling on it. I am not *too* worried, but it is a possibility that any ruling could affect bitcoin and other cryptos, at least in the states.

Herbert2020

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it has nothing to do with the market and its readiness it is all about the fact that the government doesn't want to allow a company like Facebook to start printing money because printing money is something that only the government (federal reserve in US?) is allowed to do. and Facebook is trying to do that without permit.

and your picture is also wrong. Facebook's coin is 100% centralized not semi-centralized, it is even more centralized than Tether.

angrybirdy

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Quote from: blckhawk on October 27, 2019, 05:01:40 AM

Facebook wants Libra to go live as soon as possible because they have fear of missing out in the cryptocurrency race. They want it as early as now, but being under a government that has hot eyes on cryptocurrencies, and Facebook being too popular, they need to pass through regulations, which isn't done yet and with controversies to Facebook's way of handling data and privacy, Libra is having a hard time to go to the market. Anyway, I don't think Libra is semi-centralized. It still seems centralized to me.

This will be their greatest mistake if they pursue this move.
Making everything in a rush will only lead them to failure. Even if they can successfully launch Libra right away, we all know that the project is still not set, after their partners leave the project they still intend to continue without having an alternative plan.

Topic: Market is Not Ready for Libra - page 3. (Read 571 times)