How could facebook even adopt it with how its system is made of? They specifically made Libra because of their want to create a new crypto or virthal currency while letting it stay under their management and control.
Plus, BTC wasn't even made by them. This basically seems like their advertising another product, when they had the ability to create one themselves.
Besides, the current state of Libra could be blamed into its infancy stages and it was facebooks first time entering the scene. No matter how big the company may be, it'd still face setbacks every now and then after all.
Topic: US Congressman: Facebook Should Adopt Bitcoin, Drop Libra Project - page 4. (Read 1584 times)
October 30, 2019, 06:55:07 AM
October 30, 2019, 06:30:21 AM
I think if only adopting bitcoin won't make a good facebook platform because Facebook should be able to work with bitcoin and implement payments using bitcoin so that it will have a good impact on the price of bitcoin because it will increase bitcoin demand and will make bitcoin prices expensive because demand increases.
October 30, 2019, 03:15:14 AM
Facebook would never use someone else's product. If they see something they want, they either buy them out and take it over, or else they build their own version and drive the original into the dirt. They can't take over Bitcoin, and they can't destroy it either, so they will never use it. they are 100% set on building a competitor.
It's not just crypto they are competing with, Facebook's basic aim is to take over the world. I expect they are going after the US dollar as much as they are going after Bitcoin.
It's not just crypto they are competing with, Facebook's basic aim is to take over the world. I expect they are going after the US dollar as much as they are going after Bitcoin.
October 30, 2019, 01:41:31 AM
I don't think it's Bitcoin that they should be adopting at all. It's slow and Facebook will want some sort of control over it, with Bitcoin, they can't.
Obviously, they won't that's why they created their own coin.
We've seen one of the Facebook blockchain devs (David Wong) singing Algorand's praises in recent weeks (not to mention interest amongst top banks too), maybe exploring their tech could be the way forward...
Who knows where this is going, I don't really think we need Libra to be honest. There's plenty of other platforms that make more sense and have already established a footing in the DeFi space (Algorand mentioned above, Ethereum/MakerDAO obviously).
Who knows where this is going, I don't really think we need Libra to be honest. There's plenty of other platforms that make more sense and have already established a footing in the DeFi space (Algorand mentioned above, Ethereum/MakerDAO obviously).
We really don't know what the future brings. Maybe Libra is the new face of crypto, maybe not. Or maybe US government really knows something about the plan of Mark Z. to take control of the financials that will make him one of the most powerful entity and that's why US is hell bent on stopping him.
October 30, 2019, 01:37:36 AM
Hmm, very interesting proposal from the congressman. I think that it would be more profitable for all users to use Bitcoin inside the services of Facebook, Instagram and WhatsApp. Because Bitcoin is decentralized and control over the coins is completely in the hands of users. In Libra's case, all coins are somehow controlled by Facebook, because this payment system will be centralized. I think Mark Zuckerberg still wants to launch his Libra. But given the recent conflict between the government and Facebook over the launch of Libra, as well as the cessation of support for this project by the world's leading payment systems, I think both sides will find some compromise. We may even see that Facebook will support both its Libra and everyone's favorite Bitcoin.
October 30, 2019, 01:04:31 AM
I don't think it's Bitcoin that they should be adopting at all. It's slow and Facebook will want some sort of control over it, with Bitcoin, they can't.
We've seen one of the Facebook blockchain devs (David Wong) singing Algorand's praises in recent weeks (not to mention interest amongst top banks too), maybe exploring their tech could be the way forward...
Who knows where this is going, I don't really think we need Libra to be honest. There's plenty of other platforms that make more sense and have already established a footing in the DeFi space (Algorand mentioned above, Ethereum/MakerDAO obviously).
We've seen one of the Facebook blockchain devs (David Wong) singing Algorand's praises in recent weeks (not to mention interest amongst top banks too), maybe exploring their tech could be the way forward...
Who knows where this is going, I don't really think we need Libra to be honest. There's plenty of other platforms that make more sense and have already established a footing in the DeFi space (Algorand mentioned above, Ethereum/MakerDAO obviously).
It's quite exciting to imagine what would happen to Bitcoin price if Facebook suddenly adopts Bitcoin as it's cryptocurrency. Trying not to get lost to greed and delusions of price appreciation, I'd imagine it would set the price of bitcoin above $20k++ USD.
That being said, I also agree that there are lots of other options and alternatives aside from Bitcoin. It needs to have fast transaction times so I'm thinking XRP could be a good candidate?
October 30, 2019, 12:37:22 AM
That's not gonna happen since the original plan of Libra is a stable coin, that's is to erase the price volatility and its centralized which is clearly the opposite of bitcoin. If they can't launch according to their plan, its better for them to just halt the plan project for the mean time and look for the right timing.
Although I see that its a great help of the crypto space since it will bring demand to BTC if they will adopt with bitcoin, but its just too unrealistic.
Although I see that its a great help of the crypto space since it will bring demand to BTC if they will adopt with bitcoin, but its just too unrealistic.
October 30, 2019, 12:25:32 AM
Facebook wants to build their own crypto empire no chance that they will adopt Bitcoin, for over 10 years existence of Bitcoin they already knew the potential of cryptocurrency. For big a company like Facebook I think they are willing to take risk and compete with existing industries no matter what cost.
October 30, 2019, 12:16:10 AM
It's basically every dream of a business or company that is associated with cryptocurrency to have their own currency. It is in fact evident that facebook is a very big and powerful company, if they can see the best benefit from bitcoin, it will in in their thoughts to create their own. It is their way on maximizing the profits that they can get. In addition, its their way to become the leading platform in cryptocurrency innovation.
October 30, 2019, 12:04:13 AM
What's different in creating new altcoin and adopting bitcoin? They're both cryptocurrencies, it's just Libra is centralized and Bitcoin is not. I don't see any reason for Facebook to adopt bitcoin, and they won't be successful either in my opinion. Facebook needs to address privacy issues first to launch Libra. But once passed, Facebook's userbase would flood it's market and there's a high chance of their success. But I don't think current crypto-enthusiasts and hodlers would be attracted.
October 29, 2019, 11:30:30 PM
Defintely not BTC, bitcoin is the OG that everyone respect but we all know he is too old to change, or too much effort to change. I support ETH, so as CEO of OKEX does.
October 29, 2019, 11:24:34 PM
I don't think it's Bitcoin that they should be adopting at all. It's slow and Facebook will want some sort of control over it, with Bitcoin, they can't.
We've seen one of the Facebook blockchain devs (David Wong) singing Algorand's praises in recent weeks (not to mention interest amongst top banks too), maybe exploring their tech could be the way forward...
Who knows where this is going, I don't really think we need Libra to be honest. There's plenty of other platforms that make more sense and have already established a footing in the DeFi space (Algorand mentioned above, Ethereum/MakerDAO obviously).
We've seen one of the Facebook blockchain devs (David Wong) singing Algorand's praises in recent weeks (not to mention interest amongst top banks too), maybe exploring their tech could be the way forward...
Who knows where this is going, I don't really think we need Libra to be honest. There's plenty of other platforms that make more sense and have already established a footing in the DeFi space (Algorand mentioned above, Ethereum/MakerDAO obviously).
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