A dubious proposal to use a libra coin for banking services, which has not yet completed the regulation of this coin. Of course, a digital currency will be useful for safe and fast transactions, but why then does the minister not offer banks to initiate the creation of a stable coin inside the country?
If the initiative is organized by large companies and private banks, then it is possible that a transition to digital currencies will be made. But the central bank will definitely not make such hasty decisions.
Topic: What do you think about the Facebook Libra cryptocurrency idea? (Read 719 times)
December 09, 2019, 10:40:14 AM
I am not a big fan of centralized cryptocurrencies of which Libra is one. There is a row between the US government and Libra ( Why Facebook's libra cryptocurrency is in trouble ) and I don't care whether Libra wins this row or not.
It will be just another controlled digital currency and has no resemblance to real cryptocurrency.
For everyone in crypto, Libra is really not a character that can make us appreciate when fundamentally, it cannot be called an official crypto, the rules and regulations from the authorities have made it more like a stock, instead of a traditional crypto. But I am wondering why we are not on the benefit side to consider libra because the idea of libra is also the beginning of a new form of investment on a global scale, we can see how successful bitcoin has been for so many years, why don't we give libra a chance? It will be just another controlled digital currency and has no resemblance to real cryptocurrency.
December 09, 2019, 10:06:15 AM
I think Facebook takes this job seriously. But the world is not ready for this change. The number of users registered to Facebook is more than the number of customers in banks. In a moment, Facebook will be the biggest money center in the world. This is terrible for those who run the economy.
December 09, 2019, 09:57:07 AM
I am not a big fan of centralized cryptocurrencies of which Libra is one. There is a row between the US government and Libra ( Why Facebook's libra cryptocurrency is in trouble ) and I don't care whether Libra wins this row or not.
It will be just another controlled digital currency and has no resemblance to real cryptocurrency.
It will be just another controlled digital currency and has no resemblance to real cryptocurrency.
December 09, 2019, 09:38:07 AM
I believe Libra will bring the world together into the cryptocurrency space with a massive cryptocurrency adoption like theres never been before, if it ever successfully launches. Libra is a centralized platform and cryptocurrency, but it stands to serve for a greater purpose. Facebook is the world's most popular social platform and together with their partnerships with Occulus Rift, WhatsApp, and Instagram gives them a far reach around the globe.
Cryptocurrency adoption has been picking up for a few years, but still nothing exponential. Libra could potentially be that exponential drive that could increase adoption rapidly.
Cryptocurrency adoption has been picking up for a few years, but still nothing exponential. Libra could potentially be that exponential drive that could increase adoption rapidly.
December 09, 2019, 09:36:46 AM
A dubious proposal to use a libra coin for banking services, which has not yet completed the regulation of this coin. Of course, a digital currency will be useful for safe and fast transactions, but why then does the minister not offer banks to initiate the creation of a stable coin inside the country?
If the initiative is organized by large companies and private banks, then it is possible that a transition to digital currencies will be made. But the central bank will definitely not make such hasty decisions. December 09, 2019, 09:32:29 AM
A dubious proposal to use a libra coin for banking services, which has not yet completed the regulation of this coin. Of course, a digital currency will be useful for safe and fast transactions, but why then does the minister not offer banks to initiate the creation of a stable coin inside the country?
Still, I don't want to cooperate and really not interested in Libra at all as I know that they are just using the advantage of crypto and their name for them to attract more users, but as of the moment, they are having time and struggling how they are going to do this and how they are going to launch as it has been said that there's a lot of their team back out with them.
December 08, 2019, 02:46:46 PM
Libra has big obstacle; from libra association, from government, regulations.
I think it would be hard for libra. moreover, bad experince in facebook about its security
most people is doubt with it. so, i dont think it would be big in the future
the good thing is, we know that many companies joined in cryptocurrency
it can make people know how good cryptocurrency is.
I think it would be hard for libra. moreover, bad experince in facebook about its security
most people is doubt with it. so, i dont think it would be big in the future
the good thing is, we know that many companies joined in cryptocurrency
it can make people know how good cryptocurrency is.
December 08, 2019, 05:38:56 AM
Facebook now has no choice but to look for lobbyists. If their documents were not well prepared to answer all disputes arising. But I also do not understand why they should answer to US senators when they intend to launch a company in Switzerland, which looks at them with a positive. there is no logic in this
October 22, 2019, 12:28:40 PM
libra is a stable coin like USDT, the idea of libra might want to rule the world in terms of payment I think libra will compete with us dollar. but in recent months the news of Libra has gotten worse and many of their partners left Libra because many countries do not support the presence of Libra.
I think that Facebook actually went out of boundary by trying to create a project that will be used as global currency when they know that the coin will be centralized and can easily be influenced unlike bitcoin that is decentralized and cannot be influenced by anyone. This is exactly one of the disadvantages of decentralization that we are seeing here now. The best that Facebook would have actually done is just to limit the usage of their coin to Facebook advertisement platform where their business clients can just purchase the coin to make payment for their ad when it is about to start or ended, this project would have been very successful if they had done that, but with this global idea, countries will definitely not accept it because they will not want to leave the affairs of their country into the hands of an external factor.
October 18, 2019, 02:00:53 PM
Facebook giving an alternative to traditional payment system isn't really something trustworthy. Facebook has been involved in privacy crimes. Now involving it into something this sensitive as money and payments that too on centralised blockchain isnt what this world wants and needs. Blochain indeed makes money transfer real time and cheap. But I wouldn't support a centralised system as libra for that. It is giving way too much power in the hands of Facebook
October 18, 2019, 01:48:16 PM
The idea itself only repeats the standard monetary system only on a large scale. Today we have banks and the money they issue. The libra is a bank inside the coin itself.
Everyone is afraid of verification, but this is not necessary if you are not going to use the libra. There are many other alternatives.
But I like the idea of Libra because it will give a greater distribution of crypto currencies.
Everyone is afraid of verification, but this is not necessary if you are not going to use the libra. There are many other alternatives.
But I like the idea of Libra because it will give a greater distribution of crypto currencies.
October 18, 2019, 01:26:48 PM
Amazing things are happening now. The regulators turned to face Libra as opposed to TON. The libra already has people in the Senate who support her. G7 spoke positively about stable coins, which was not the case before. At the same time, they declare the full regulation that Libra provides.
October 18, 2019, 07:01:46 AM
Today, this topic is very popular in various communities. After a very noticeable exit of large investors from this project, we must think. Most recently, the SEC disapproved of Pavel Durov's cryptocurrency project. The same is likely to happen with Libra. Regulators are not prepared to allow private companies to intervene in the huge global financial sector because of the possibility of losing control over it. I think Libra should accept the SEC's terms and implement its cryptocurrency as quickly as possible. This industry needs urgent popularization
October 18, 2019, 06:06:07 AM
I noticed that many members here are not happy with Libra. Starting from the centralization of Libra, nothing is interesting, the same idea as the payment system, partners who leave, etc.
I am not very enthusiastic about hearing Facebook issue Libra as its crypto payment. Moreover, they must submit to the SEC. But if you look ahead according to the funds they have from the benefits of Facebook, Libra could be launched even without PayPal, eBay, VISA, etc.
I am not very enthusiastic about hearing Facebook issue Libra as its crypto payment. Moreover, they must submit to the SEC. But if you look ahead according to the funds they have from the benefits of Facebook, Libra could be launched even without PayPal, eBay, VISA, etc.
October 18, 2019, 05:53:13 AM
Perhaps Visa and PayPal were asked to move away from Libra because they understand what impact this product will have. With Telegram the same situation but perhaps this is a complicated game of the gods who love to control everything so much.
they moved away from the Libra because their legal affairs are not clean and the government can easily destroy even such large campaigns if they prevent the government from fulfilling its plans. they are just afraid to be with libra October 18, 2019, 04:00:51 AM
Nothing special with Libra, they are just a stable coin, not like Bitcoin and Ethereum with decentralized, Facebook Libra become centralized. I think, Libra very hard to get mass adoption, because authorithy rejected Libra. If you read on news yesterday, Their partner such as Visa, PayPal and more already left from this project. No trust, no community it's mean no buyers for Libra.
If you believe the words of David Marcus, the projects that left Libra do not have to be present at all of the launch itself. They can easily join later, because in order to use Libra in their services, almost nothing is needed. Those projects that are now included in Libra and which will be included in it in the near future, according to Marcus, will be network validators.
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October 17, 2019, 02:34:29 PM
The airdrop was a fake one.
It was made to scam people using the hype that is happening all over the crypto sphere.
It just happens and it is not new anymore.
Regarding the pull out though. It was done to keep safe this legitimate companies.
If they insist to support Libra they might close down this companies specially when it is money related.
I did not support the facebook coin (Libra) but the Libra airdrop was launched by crypto scammer, not by the Libra team and should be easy to spot out by every cryptoneir who's knowledgeable and not greed. It was made to scam people using the hype that is happening all over the crypto sphere.
It just happens and it is not new anymore.
Regarding the pull out though. It was done to keep safe this legitimate companies.
If they insist to support Libra they might close down this companies specially when it is money related.
Concern the OP question, Libra coin is just like other shit altcoin and with the thing said about the coin by Senior analyst, more companies that support the project will definitely back off.
October 17, 2019, 09:02:50 AM
The airdrop was a fake one.
It was made to scam people using the hype that is happening all over the crypto sphere.
It just happens and it is not new anymore.
Regarding the pull out though. It was done to keep safe this legitimate companies.
If they insist to support Libra they might close down this companies specially when it is money related.
It was made to scam people using the hype that is happening all over the crypto sphere.
It just happens and it is not new anymore.
Regarding the pull out though. It was done to keep safe this legitimate companies.
If they insist to support Libra they might close down this companies specially when it is money related.
October 17, 2019, 08:41:23 AM
Before posting same topics such as these and a repeated radio-like type of guy talking about Libra, you should try first looking at topics the same as this one.
Anyway, Facebook Libra is nothing special. Facebook is more on focusing in creating a private coin which is centralized. And right now, they are facing a lot of problems with their project. Not to mention, big names to back this projects backs out because of a lot of problems with SEC.
Anyway, Facebook Libra is nothing special. Facebook is more on focusing in creating a private coin which is centralized. And right now, they are facing a lot of problems with their project. Not to mention, big names to back this projects backs out because of a lot of problems with SEC.
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