Where is Facebook coin going | Bitcointalksearch.org

Kevondo

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Quote from: Mahanton on November 05, 2019, 10:09:39 AM

Quote from: stephanirain on November 05, 2019, 09:57:39 AM

Quote from: Rahib khan on October 12, 2019, 10:34:18 AM

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?

We all know that cryptos are not meant to be regulated in the way that it is being suppressed too much. Bitcoin itself was created because there is too much regulation and manipulation by centralized system. People uses cryptos to make easier transactions. And if the people are not comfortable with the nature of Libra, very few will supoort it. The integration itself is a good idea, but the implementation sounds off to many people.

No it wont sounds off to many people if we do just simply consider on how many people been using up Facebook entirely then recognition of Libra would be immense and
this might be the main reason why government already block it out because they do know the potential or things might happened if this would able to push through.
One reason is that it will open peoples eyes towards cryptocurrency even Libra is a highly centralized one but people curiosity would lead them to its origin.

No doubt Facebook has a huge rather the biggest number of users among social websites and a new creation from such a giant will spread the concept of digital currencies in world like fire spreads in the wild. However, investing in Libra is not a safe game for sure. I do not really know the plans but Mark will indeed get information of our assets as well. Government is playing this game so that ultimately we will go for Libra.

andriarto

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Quote from: Pinkris128 on November 05, 2019, 11:52:39 AM

Quote from: Rahib khan on October 12, 2019, 10:34:18 AM

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?

It is unfortunate that their idea are getting negative response. We do want some form of regulation but we also do not want KYC because of trust issues. It is very difficult to find the fine line between the two and to balance them, there must be a concrete process and must be explained thoroughly. It is nice to see other industries adopt crypto and block chain itself but how they use it, will determine the development of digital money in the society.

might be able to solve it if the government provides security guarantees. but the problem is that the government is sometimes difficult to move to a decentralized system, because of course they cannot control it. but I think libra will find it easier to promote the coins and reach their goals more easily

Oneandpure

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Quote from: Mahanton on November 05, 2019, 10:09:39 AM

Quote from: stephanirain on November 05, 2019, 09:57:39 AM

Quote from: Rahib khan on October 12, 2019, 10:34:18 AM

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?

We all know that cryptos are not meant to be regulated in the way that it is being suppressed too much. Bitcoin itself was created because there is too much regulation and manipulation by centralized system. People uses cryptos to make easier transactions. And if the people are not comfortable with the nature of Libra, very few will supoort it. The integration itself is a good idea, but the implementation sounds off to many people.

No it wont sounds off to many people if we do just simply consider on how many people been using up Facebook entirely then recognition of Libra would be immense and
this might be the main reason why government already block it out because they do know the potential or things might happened if this would able to push through.
One reason is that it will open peoples eyes towards cryptocurrency even Libra is a highly centralized one but people curiosity would lead them to its origin.

Still do not know when Facebook coin going on for investor, many investor waiting more than three months to invest with Facebook coin and ready their money to buy Facebook coin, but still not going on with Facebook coin selling to investor with not get permission from United State government, they will get access first from US before launching Facebook coin to investors.

antsam

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Quote from: tabas on October 31, 2019, 11:23:57 AM

Quote from: antsam on October 30, 2019, 08:57:12 PM

Regulations and the authorities who pressured Facebook because of concerns that have been revealed are a barrier at the moment. But seeing the parties and companies that stand behind Libra who support this project, I am sure Libra will be published

Can be published but the real challenge to them is on how long they will maintain themselves on the track? It might be a good looking project for those who aren't really into crypto and doesn't understand the fundamentals of this project but for us who understands it, there will be no point in it.
It can be hype once it launches but what's next after that?

I do not agree if this is said to be just hype, because in my opinion Libra will be a milestone for crypto to go further, which will be increasingly accepted. How will it become hype, because of the support of large and overflowing companies like Facebook?

Quote from: cvasy on October 31, 2019, 11:25:07 AM

Recent news mentions that if PayPal has officially resigned from the Libra project, of course this will put considerable pressure on Facebook, because within a few months a number of large companies have resigned as Libra project partners, I Personally might disagree with you, because I am sure this Libra project will not be published because of the pressure from various parties who do not support at all about the Libra project, because indeed the purpose of Libra wants to change the current world financial system by making Libra a competitor of the official currencies of the countries in the world today.

Strong pressure to keep the Libra project from continuing is indeed very big, but seeing the initial preparation of the Libra project and the survival of several large companies and their parent supporters Facebook still persists, I am optimistic that it will continue. Let's wait for the news

Pinkris128

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Quote from: Rahib khan on October 12, 2019, 10:34:18 AM

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?

It is unfortunate that their idea are getting negative response. We do want some form of regulation but we also do not want KYC because of trust issues. It is very difficult to find the fine line between the two and to balance them, there must be a concrete process and must be explained thoroughly. It is nice to see other industries adopt crypto and block chain itself but how they use it, will determine the development of digital money in the society.

Mahanton

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Quote from: stephanirain on November 05, 2019, 09:57:39 AM

Quote from: Rahib khan on October 12, 2019, 10:34:18 AM

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?

We all know that cryptos are not meant to be regulated in the way that it is being suppressed too much. Bitcoin itself was created because there is too much regulation and manipulation by centralized system. People uses cryptos to make easier transactions. And if the people are not comfortable with the nature of Libra, very few will supoort it. The integration itself is a good idea, but the implementation sounds off to many people.

No it wont sounds off to many people if we do just simply consider on how many people been using up Facebook entirely then recognition of Libra would be immense and
this might be the main reason why government already block it out because they do know the potential or things might happened if this would able to push through.
One reason is that it will open peoples eyes towards cryptocurrency even Libra is a highly centralized one but people curiosity would lead them to its origin.

BonfireBob

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But it still has a lot of potential

nxnqauff

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Too much bad news for Libra is kind of good for that coin. It will be very much successful if they launch ontime and stick to the promises. No doubt about it. backbone is a very big organization called Facebook. What else you can expect?

stephanirain

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Quote from: Rahib khan on October 12, 2019, 10:34:18 AM

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?

We all know that cryptos are not meant to be regulated in the way that it is being suppressed too much. Bitcoin itself was created because there is too much regulation and manipulation by centralized system. People uses cryptos to make easier transactions. And if the people are not comfortable with the nature of Libra, very few will supoort it. The integration itself is a good idea, but the implementation sounds off to many people.

bryant.coleman

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Quote from: karanggatak on November 05, 2019, 08:21:33 AM

in my opinion this libra coin will not be released in 2020. or it will be a failed project because libra continues to be rejected. European countries such as Germany and France have rejected Libra because they are worried Libra can disrupt the sovereignty of their country's currency. then most of the companies that support libra also began to break away like paypal, visa and mastercard. and finally libra has not received permission from members of the United States Congress. so I thought this Libra coin would die before its release.

It is not surprising because these nations have their own fiat currency (Euro). Libra is a digital version of the United States Dollar and if people start using that currency then the national currency will lose its value. Why should the other countries allow the US Dollar to be used in their territory (in the form of Libra), when the US does not allow the usage of any other fiat currency within the American borders?

If Libra wants to operate in these nations, then it should come up with the versions that are denominated in the respective national currencies. For example, within the European Union, the Libra should be backed up with assets denominated in the Euro. In short, rather than a digital version of USD everywhere, in each country, it should be the digital version of the respective national currency.

Darooghe

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Quote from: Rahib khan on October 12, 2019, 10:34:18 AM

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?

I am quite skeptical for the whole idea, because I don't know if indeed the world needs Facebook-dominated bank. Libra is not a realization of startup's concept but comes as a fruit from having a base of more then 2 billion users and customers. Where is a monopoly there are no competition and an innovation.

However, we're seeing massive amount of enthusiasm from non-blockchain developers at Libra meetups. The Facebook ecosystem, which includes Messenger and Whatsapp, has over 2 billion users. It's a huge ecosystem, larger than anything in the crypto space. the fight against Libra is like the war on drugs. It’s a losing battle. Libra is probably the marijuana of cryptocurrencies, we’ll see most people use it and some of them move onto harder privacy-focused like Monero, or more enlightening ones like Ethereum or the Basic Attention.

binhvo1505

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Quote from: Rahib khan on October 12, 2019, 10:34:18 AM

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?

Libra really won't be able to go to work. I can predict it because the US government is very strict about manipulating and evading taxes. Economic crimes are often severely punished and that is why they are always limited and charged against a large project like Libra that is not controlled by the government.

karanggatak

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Quote from: Rahib khan on October 12, 2019, 10:34:18 AM

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?

in my opinion this libra coin will not be released in 2020. or it will be a failed project because libra continues to be rejected. European countries such as Germany and France have rejected Libra because they are worried Libra can disrupt the sovereignty of their country's currency. then most of the companies that support libra also began to break away like paypal, visa and mastercard. and finally libra has not received permission from members of the United States Congress. so I thought this Libra coin would die before its release.

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Quote from: DabsPoorVersion on November 05, 2019, 06:16:47 AM

Quote from: NathanJB on November 05, 2019, 06:05:01 AM

Quote from: Rahib khan on October 12, 2019, 10:34:18 AM

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?

, Mark Zuckerberg is doing everything at his best to have a successful ~~launch~~.
..................

To successfully scam
https://bitcointalksearch.org/topic/m.52566110

DabsPoorVersion

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Quote from: NathanJB on November 05, 2019, 06:05:01 AM

Quote from: Rahib khan on October 12, 2019, 10:34:18 AM

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?

Libra is both dead and alive for now. Dead in the eyes of the government. Dead insofar as its estimated initial launching date is concerned. And dead as far as many of its partners are concerned. But for sure it is still alive as far as Mark Zuckerberg is concerned. The man will definitely keep the idea very much alive until the perfect time will come for the project to get out again and be launched. This is most probably just a case of a good project in a bad time for him.

There is no consideration for Libra to be dead, Mark Zuckerberg is doing everything at his best to have a successful launch.
The project itself is facing a lot of struggle for the past few weeks up until now, however, Mark Zuckerberg is not losing his hope, he still continues to pursue what he believes that this Libra project will make a name in the near future.
It is alive, as long as Mark Zuckerberg will continue to move forward and never stop the project.

NathanJB

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Quote from: Rahib khan on October 12, 2019, 10:34:18 AM

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?

Libra is both dead and alive for now. Dead in the eyes of the government. Dead insofar as its estimated initial launching date is concerned. And dead as far as many of its partners are concerned. But for sure it is still alive as far as Mark Zuckerberg is concerned. The man will definitely keep the idea very much alive until the perfect time will come for the project to get out again and be launched. This is most probably just a case of a good project in a bad time for him.

Juggy777

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Quote from: Opekin on November 05, 2019, 05:12:59 AM

Quote from: Rahib khan on October 12, 2019, 10:34:18 AM

snip

If libra successfully enter the market we know that facebook is a really big media for it and US dollar might be threatened because people will use libra over traditional money. In the sense of Libra's advantages over paper money and it is a crypto money.

@Opekin Libra is facing stiff opposition from the G7 countries who see it as a threat to their national currencies, and Facebook has been notified by G7 that they won’t approve Libra until all their doubts are cleared by the Libra team. It’s pertinent to note that many governments are now in a race with Facebook to create their own stable coins, which puts further pressure on Libra to coexist between bitcoins and government launched stable coins.

Sources:

https://www.bbc.com/news/business-50037223

https://www.cbc.ca/news/business/libra-digital-money-1.5342570

Botnake

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Quote from: Rahib khan on October 12, 2019, 10:34:18 AM

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?

It's going to be launch but I am not sure if it will happen as per schedule.
Yes its true that there has been a lot of criticism but if they would comply and follow the recommendation of the regulating bodies, I think they'll be able to have it successfully launch. They have a big vision for this coin, its their representation in the crypto space and they can utilize their platform to help inform the people regarding this project, right now, the only problem is more on the regulatory, once they pass that, we can expect a launch after that.

Experia

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Facebook coin really want to make a good name in crypto industry there are lots of factors they need to consider specially its legality you can read on this article why libra coin delay on its launch date.

: https://www.google.com/amp/s/www.bbc.com/news/amp/business-50037223

Opekin

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Quote from: Rahib khan on October 12, 2019, 10:34:18 AM

Recently there is lots of bad news are coming for fb coin Libra. In this circumstances what do you think Libra coin is going?

Libra coin pushes their coin to enter the market in despite of Sec regulations . Now i am thinking that maybe it is not time for them they need to change some things there to be granted by sec. If libra successfully enter the market we know that facebook is a really big media for it and US dollar might be threatened because people will use libra over traditional money. In the sense of Libra's advantages over paper money and it is a crypto money.

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