What happen for the libra project | Bitcointalksearch.org

coin-investor

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Quote from: rodel caling on August 23, 2019, 06:13:57 PM

I am just curious about the libra coin, this recent month libra project is in the hottest news, but now currently I never heard about the latest news development for facebook libra project.

Their have any update...😀😀😀

I think it's good that they are not releasing any update for now until they are ready to do so, the European news that's banning libra coin in their territory is such a big blow, something that the management of Libra Coin don't want to happen as they prepare to launch Libra Coin.

They already set the date of their launching which is still subject to change, they should first do behind the scenes talk with their partners and supporters before the launching.
Timing is very important, it's better that they do a launching when the market is doing good.

plast555

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I don't trust Libra coin all along.
Because Mark Zuckerberg's Google Analytics file is pretty big. I don't think libra can give you what you want, especially in privacy. The fact that it uses a centralized blockchain infrastructure is another question mark. It also vetoed Libra in France and several other countries.
Not long ago, it was beneficial in terms of making a bullish effect on the market. But I don't think Libra's future is bright for the rest.

ajqjjj

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Quote from: Kezacky on September 27, 2019, 06:55:23 AM

It seems like Facebook companies are not well received by the public, including some big countries like the US and other big countries, who strongly reject the LYBRA coin launch. besides that I think facebook coins are not decentralized like bitcoin or Eth. This might be a strong threat why many pros and cons about LYBRA coins.

Facebook will reach most of the countries so entire world will know the Libra coin, But still some peoples are not developed in cryptocurrencies so some reject will occur. Already it will ready to launch at the same time they don't fix the exact date and status of further moment. US, Russian countries and European countries are preparing the next step so we don't know exact information of these countries.

Kezacky

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It seems like Facebook companies are not well received by the public, including some big countries like the US and other big countries, who strongly reject the LYBRA coin launch. besides that I think facebook coins are not decentralized like bitcoin or Eth. This might be a strong threat why many pros and cons about LYBRA coins.

Sled

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Quote from: bitcoinposts on September 27, 2019, 06:20:51 AM

Libra is working on many approvals from government officials we may see libra to lime light may be first quarter of 2020

It hopes to see it in the market next year. Cause I and many others are thinking that Libra is gone. We've never heard the news for its development and it came into our mind that it ended already. Then, let see how this coin it attracts investors and how it competes with the others.
They still have time in order to finalize their system and hope it will give a positive impact on the market.

bitcoinposts

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Libra is working on many approvals from government officials we may see libra to lime light may be first quarter of 2020

bitcoinst

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It seems that there is a lot of pressure on Libra, while I don’t fully understand why. This is probably due to the fact that the libra is somehow not completely controlled by the US state apparatus,
or all this hype is done exclusively for show, and the project itself has already been secretly adopted.

Classica35

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There are many factors that will not allow Libra to succeed. A lot off people are against it. They know it is a potential competitor, so they will not want it t6 succeed. Aside that, the government of US, also see it competing with the IS dollars, which might make some people to shift from using the real dollar to the stable con called Libra. However, all these caused fear in the minds of other team members, which made to abandon the project. So me might not see Libra coin develop again.

nwosuchristabe2

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I've heard various conflicting information about the libra coin, I guess it's popularity has made scammers interested in the project and there are several airdrops flying around with the project name. I don't even know which is legit. The Last information I have is that the US Congress is proposing a sanction for the project.

trickyriky

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Quote from: ivaf on September 04, 2019, 09:47:25 AM

Since they want to launch the project legally, it is necessary to obtain many permissions. A special company has been hired to help lobby the interests of the project. And all this paperwork can last for years. Such is the news.

Everything is legal, and all this situation will end with the project approvement and release of Libra. Binance is also going to support Facebook crypto and actively cooperate with it. I think that we will hear the news about some changes with this project in late autumn. However, I suspect that too many difficulties are waiting for Mark Zuckerberg and his unique cryptocurrency.

Tylev

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Quote from: NoirSuccubus on September 04, 2019, 06:01:18 AM

From what I have heard is that Libra is not getting a delay in its launch this time, and many companies are already in support of this social media infused coin. Many banks and heavy influentials are already looking forward to its launch by the end of this month maybe and are anticipating it’s success.

As far as I read, Facebook already realized that they have big problems with launching their Libra coin. The G-7 states reacted very harshly to the possible appearance of this coin. Given this, Visa left this project and will not participate in it. I do not think that we will ever see the appearance of this coin. Most likely, there is no more news about this coin, because the situation is at an impasse.

X-avier

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but all of you are not confused that the facebook yesterday had the largest data leak for 419 million users Huh

You are sitting here and dreaming that the libra will start, and now think better how to save your data and not lose everything that you will have by the time this libra is launched ..... I do not understand what is good in starting this shit, the same dollar , no difference.

https://www.engadget.com/2019/09/04/facebook-privacy-databases-phone-numbers/

RealMalatesta

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Quote from: NoirSuccubus on September 04, 2019, 06:01:18 AM

From what I have heard is that Libra is not getting a delay in its launch this time, and many companies are already in support of this social media infused coin. Many banks and heavy influentials are already looking forward to its launch by the end of this month maybe and are anticipating it’s success.

Could you please post the link where they have it that the coin will be launched by the end of the month because the only projects that I am expecting this month is the Bakkt, the last time I read of Libra projects, their release was proposed for next year 2020, I do not now know if there has been change of plan for them to launch it this month because I think they are still in the development stage.

Recently I learned that they are hiring a private firm to help them look into a particular area and that area of interest is not something that will come by easily and it takes time, so if they have hired such firs to do the task, thin they are still not ready yet for the release and I think that next year would be more feasible for them in the launching of the coin.

Apaxy

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Since the US government has repeatedly spoken out against the Libra project, and the Internet has bypassed the information that Congress has put forward a requirement to impose a moratorium on the implementation of the Libra project, I can assume the following that the Libra project will not be legally implemented, since legal structures will not allow this to be done.

ivaf

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Since they want to launch the project legally, it is necessary to obtain many permissions. A special company has been hired to help lobby the interests of the project. And all this paperwork can last for years. Such is the news.

NoirSuccubus

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From what I have heard is that Libra is not getting a delay in its launch this time, and many companies are already in support of this social media infused coin. Many banks and heavy influentials are already looking forward to its launch by the end of this month maybe and are anticipating it’s success.

EdenHazard

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Quote from: Reid on September 01, 2019, 03:05:40 AM

Quote from: eagleman on August 23, 2019, 06:28:48 PM

It's because they were stopped and called by the legislators of US.

They think that it's going to be a threat to their current financial system for which they have to take a look closer with facebook's Libra project. No update until now but AFAIK, launching would be by next year Q1.

I thought so.
I haven't read any news about them so maybe this is the reason why.
Looks like the screaming media suddenly stopped into hyping them. Well, they will really have to go through the strict rules of USA.

Oh and also please beware of the Libra coin. There have been a lot of duplicate that is being created to confuse people.
You must not buy from that. If you really want to buy Libra make sure it is the real one.

They are still working on progress .. the last news is that they launches bug bounty with $10,000 as a max reward .. you can look at here at https://hackerone.com/libra or here someone create a thread to discuss about it already specifically
https://bitcointalksearch.org/topic/facebook-officially-launched-its-libra-bounty-program-despite-regulation-issues-5179314

Even though they are in trouble to get a greenlight from the US government.. the show must go on.

And yupp don't fall to a cheap trick on any project that claimed it's come from facebook libra association .

thiscomm

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the last news i read was the development of the libra project which was opposed by mr.trump as president of the usa. where Mr.trump felt that Facebook using crypto for its use was feared it would erase the central bank in the USA. and since the latest news until now has not been heard again for how the continuation of the Libra project that will work with Facebook.

Arkann

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Guys, Libra is really a very interesting project, but you must understand that if the Libra project is implemented, then not only all the personal information of millions of users, but also their financial information will belong to the owners of the social network. I think that we should take this issue very seriously. In my personal life, I always quarrel with my wife when she posts home photos from a vacation on Facebook, and this already causes me a lot of negativity.

No One

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I do not think that there are any new updates about libra project lately. I think Libra team is doing internal homework for the launch of the project. Following concerns from the US, it may be planning to satisfy regulators and issue the project after completing regulation measures. Get ready for its launch.

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