It is centralized and same with other altcoins that's being run by a certain company. It would help bitcoin somehow by tagging itself as a 'crypto' because bitcoin is a crypto as well. There will be no ICO but it has a wide range of partnership, yes real partnership so it will have its own usecase. I think this is just another the same stablecoin.
Even if it's a centralised coin it is not a big deal. Why? Crypto market need some big names. It will increase the popularity and more and more people will be aware of the crypto currencies. It is a win - win environment for Cryptocurrency market and big companies.
Topic: So it is happening..facebook coin Libra (Read 554 times)
I guess Facebook can help in introducing cryptocurrency but I do not think that this will help Bitcoin in anyway.
You sure about that? Can you trust someone who is leaking your identity?
Yes if this facebook launch their own alts then of course there's a trading pairs to btc and some alts so crypto market will grow
Then base in many users and we know facebook is very popular worldwide i'm sure their coin will turn popular too in no time like many users that here in crypto prepare some money by using this and i think we are secure in this because Mark Zuckerberg is the developer of this fb coin like he is very trusted already then he think for the modern future of people worldwide
Then base in many users and we know facebook is very popular worldwide i'm sure their coin will turn popular too in no time like many users that here in crypto prepare some money by using this and i think we are secure in this because Mark Zuckerberg is the developer of this fb coin like he is very trusted already then he think for the modern future of people worldwide
You sure about that? Can you trust someone who is leaking your identity?
This is a forum for the latest news about Libra, the Facebook cryptocurrency (stablecoin). There are already many news and tech analysis about this blockchain, that could be used worldwide by 2.4 billion users. The first validators will pay $10 million to join the network!
https://getlibra.net/
https://getlibra.net/
Unfortunately, it has no effect on the crypto market in general. I have expected much more from this coin and hoped that it is going to push the industry forward, but no movements detected till this moment.
Libra is set up so that any company, not just Facebook, will be able to accept the coin and build wallets that will let people hold and spend it. That’s similar to the way that a diverse array of companies have created wallets and exchanges for Bitcoin.
It is built on some of the same principles as Bitcoin. But the aim is for Libra, unlike Bitcoin, to have a stable value, backed up by a basket of international currencies.
It is built on some of the same principles as Bitcoin. But the aim is for Libra, unlike Bitcoin, to have a stable value, backed up by a basket of international currencies.
Libra is in development and it will be almost 1 year before we see it and can take advantage of it, when new users join the crypto community, but now it's just news.
If Libra is simply a payment currency for Facebook services, I think it will not directly affect BTC. We can only look forward to the perception from the huge number of users of this platform.
now we use facebook as a media for the promoting crypto related projects.but every one knows about the facebook coin 'Libra' .as a expert of this field what you about the involving of the facebook to virtual currencies??
will it be help for the bitcoin to going up??
https://libra.org/en-US/
I am very happy that Facebook made coin crypto with support from Facebook it will make crypto currencies more famous in the eyes of the world other than that it will certainly make the price of bitcoin and other altcoins up will it be help for the bitcoin to going up??
https://libra.org/en-US/
However, it seems that the US government wanted to stop it at all cost,
https://www.cnbc.com/2019/06/18/rep-maxine-waters-facebook-should-stop-work-on-libra-cryptocurrency.html
Does the US government feel threaten with this "crypto" and afraid that it might disrupt their financial system? There seems to be a lot of hype surrounding this Facebook coin that it has to reach the US congress and that they're going to halt it or at least let Mark Z appear and answer to them.
https://www.cnbc.com/2019/06/18/rep-maxine-waters-facebook-should-stop-work-on-libra-cryptocurrency.html
Does the US government feel threaten with this "crypto" and afraid that it might disrupt their financial system? There seems to be a lot of hype surrounding this Facebook coin that it has to reach the US congress and that they're going to halt it or at least let Mark Z appear and answer to them.
I think it has more to do with the fact that Facebook was playing it both ways in saying they could not control hate speech the election tampering and the rest
but making $$$ on the FUD and such on its platform. Add to that the loose privacy issues and the rest and on top of that, just how damn big they are, well hell,
if I was a legislator, I'd probably want hearings also.
Also, the fact that when they announced this Libra coin, they plan on using it as they do Facebook pages, for advertisement and track your spending habits and
all that as part of the currency. That likely is what really set off the House wanting hearings. Give facebook even MORE data and now the same thing moves into
banking and currency and the like? Hell, banks can't give out your data in that manner.
But from Facebook's point of view, the money is in the data mining. So unsure, how profitable Libra coin can be, in its current state, if they have to act like a bank
and all info and such is private for data mining and Ads and the rest.
Yeah, things may not be going there way as they planned.
However, it seems that the US government wanted to stop it at all cost,
https://www.cnbc.com/2019/06/18/rep-maxine-waters-facebook-should-stop-work-on-libra-cryptocurrency.html
Does the US government feel threaten with this "crypto" and afraid that it might disrupt their financial system? There seems to be a lot of hype surrounding this Facebook coin that it has to reach the US congress and that they're going to halt it or at least let Mark Z appear and answer to them.
https://www.cnbc.com/2019/06/18/rep-maxine-waters-facebook-should-stop-work-on-libra-cryptocurrency.html
Does the US government feel threaten with this "crypto" and afraid that it might disrupt their financial system? There seems to be a lot of hype surrounding this Facebook coin that it has to reach the US congress and that they're going to halt it or at least let Mark Z appear and answer to them.
I doubt if this libra token will be sold publicly before it enters exchange, not sure if any fund raising like ICO or IEO will be held at all, the whole project may be privately funded and a whole lot of these anticipations may not worth it for those that intend to jump in. It is long overdue, let them get it launched already
That is my question. You can use this coin on facebook but can you actually keep this coin in any manner outside of transactions?
For example, you get some facebook coin to make a transaction of say $100 worth, with the pegging on other currencies....it WILL ALWAYS BE $100...so
by 'token' you could just as well say 'a way to move $$$ and nothing else'
So, if I have this correct, Facebook would make $$$ off of you hodl'ing tokens and/or modest fee for using tokens and/or maybe interest someday vs your
crappy currency vs the USA dollar as a hedge. (In Venezuela at least your $100 in facebook coin would stay $100 after conversion of your local currency)
Thus, the last question, does this 'hurt' or help Bitcoin and other Crypto?
If Bitcoin continues to be used as a store of value, maybe. But if Libra takes over on the actual movement of $$$ back and forth at faster transaction times
and larger number and fewer fees...why would this be so?
Don't know, just tossing it out here for others smarter than me to say how this may help or hurt Bitcoin.
brad
I doubt if this libra token will be sold publicly before it enters exchange, not sure if any fund raising like ICO or IEO will be held at all, the whole project may be privately funded and a whole lot of these anticipations may not worth it for those that intend to jump in. It is long overdue, let them get it launched already
A guy who doesnt care about privacy plus a centralized coin.
Wow.
Are the aliens taking over by now?
I mean, where is that goal to be not traced in any way possible? Looks like that is not the trend anymore.
Now, you do little against the law and they will just go to facebook and they will find you.
That is how Mark thinks and do you really think he will not input this in his own coin?
Wow.
Are the aliens taking over by now?
I mean, where is that goal to be not traced in any way possible? Looks like that is not the trend anymore.
Now, you do little against the law and they will just go to facebook and they will find you.
That is how Mark thinks and do you really think he will not input this in his own coin?
It is centralized and same with other altcoins that's being run by a certain company. It would help bitcoin somehow by tagging itself as a 'crypto' because bitcoin is a crypto as well. There will be no ICO but it has a wide range of partnership, yes real partnership so it will have its own usecase. I think this is just another the same stablecoin.
Even if it's a centralised coin it is not a big deal. Why? Crypto market need some big names. It will increase the popularity and more and more people will be aware of the crypto currencies. It is a win - win environment for Cryptocurrency market and big companies.
It is centralized and same with other altcoins that's being run by a certain company. It would help bitcoin somehow by tagging itself as a 'crypto' because bitcoin is a crypto as well. There will be no ICO but it has a wide range of partnership, yes real partnership so it will have its own usecase. I think this is just another the same stablecoin.
Even if it's a centralised coin it is not a big deal. Why? Crypto market need some big names. It will increase the popularity and more and more people will be aware of the crypto currencies. It is a win - win environment for Cryptocurrency market and big companies. the buzz surrounding Libra coin is massive, i saw it on Yahoo news, in CNN it is really crazy, believe it or not this will change the crypto community in some ways, so many people are looking forward to the lunch of Libra coin and am sure lots of people wouldn't want to miss out on this one, but the way i see the whales will have much influence in this coin.
It would be very nice to see more whales to play from each other as we see the possibilities that the cope of venue this libra can bring to crypto industry is far wider than what crypto is working right now, imagine those numbers of people who participated with FB if most of them will support this and have a wider knowledge about crypto, it will open more doors for new investors especially those who can bring big amount of investors and start competing with
the fat whales inside this industry.
the buzz surrounding Libra coin is massive, i saw it on Yahoo news, in CNN it is really crazy, believe it or not this will change the crypto community in some ways, so many people are looking forward to the lunch of Libra coin and am sure lots of people wouldn't want to miss out on this one, but the way i see the whales will have much influence in this coin.
I think Facebook will not turn "Libra" into cryptocurrency because Facebook has claimed to remove ads related to Crypto activities from the platform. Could Libra become Cryptocurrency after completing its ICO? If it listed on the exchange, this might take place.
For the development of cryptocurrency I don't think there is anything that is impossible, when humans like Mark say they prohibit cryptocurrency activity, there will be an exception for Libra and I'm sure Libra will still be promoted because Libra's owner is a Facebook company.Yes, it would be an exception for their own coins, again on the grounds that Facebook prohibits cryptographic ads because there are many scams during ICO. Well because Libra has full trust and this is a self-developed coin so libra is more privileged, even in my opinion Facebook will not position Libra into crypto because they function this coin more for business, or as a Facebook payment method.
the introduction of Libracoin by facebook is a welcome development that will help publicise the cryptoworld more . and with the numerous facebook subscribers , Libra coin will make alot of people to adopt the blockchain technology and use of cryptocurrency.
Wow good news and a ray of hope for cryptocurrency have been on the horizon as I think the news about Facebook joining cryptocurrency will definitely have an impact on the crypto market. I do not know price of coins will increase multiple times or not after the issuance of Libra coin. But one thing is definitely becoming reality that cryptocurrency is being adopted widely.
Jump to: