Where is Facebook coin going - page 2.

TheClownSong

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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 difficult to ascertain whether the Libra coin project will continue or not because it is still constrained by regulations. But seeing the seriousness of Facebook in the development of Libra Coin, this coin may still be made because there is great potential in the future. With a large amount of funds, the team from Facebook, I think, is able to find legal loopholes so that they escape from existing regulations

stepwilli

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Quote from: cutesgirl on October 30, 2019, 02:10:04 AM

Libra or Facebook coin is waiting regulation from united state government want to allow or not using Libra coin release to public, so far Libra coin still waiting when their coin available for legal transaction and can publish soon for investor to buy Libra coin, so far many respond support and again Libra become coin and listing to the public, many opinion are agree and disagree with Libra coin.

If Libra is really waiting for that regulation, they might have to wait till eternity before they get any approval because it seems that most of the people behind the regulation are really against the project as much as the public is against the project too and I don’t know why Facebook Libra coin really threatens the government that much.

I think it is probably because of the lack of trust they already have in them as regards the Facebook platform privacy policy itself which they have been accused of dishonoring several times, so Facebook may actually not be very much successful with this project as they have even made comments several times of having challenge with the regulators and may not release the project if regulators are against it.

BRODIN

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if a lot of bad news always pops up about libra coins, I think what will happen next there will be many partners or users no longer interested in this coin. from the start I wasn't very interested in this privacy coin, I personally prefer the top coins that are already well established in the 10 cmc market for long-term and short-term investments.

Colt81

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Quote from: Drai on November 01, 2019, 02:26:14 AM

Facebook coin (Libra) is facing a lot of pressure from the US Government and I know what they are trying to avoid, I would have done the same if I was the US Government and someone like Mark Zuckerberg is trying to create a worldwide payment method that would likely take attention away from the US Dollars, I don't think Libra would be able to surpass the kind of scrutiny it would be out through, only the future would tell though, all we can do is get ait and see how it plays out.

I think Facebook is going to be fine because they already set the date on launching Libra coin in the year of 2020. There are really a lot of issues between Facebook and the US government about launching their Libra coin, that is why China will be making the first move on launching their own coin because chinese government is starting to accept blockchain technology.

Drai

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Facebook coin (Libra) is facing a lot of pressure from the US Government and I know what they are trying to avoid, I would have done the same if I was the US Government and someone like Mark Zuckerberg is trying to create a worldwide payment method that would likely take attention away from the US Dollars, I don't think Libra would be able to surpass the kind of scrutiny it would be out through, only the future would tell though, all we can do is get ait and see how it plays out.

X-ray

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Quote from: Wintersoldier on November 01, 2019, 12:26:03 AM

Quote from: Winderer on October 13, 2019, 02:20:58 AM

It will be regulated, it will not be free, it will not be [type any of important BTC characteristic]. But it will be anyway very good type of money. This is the next big step, if it'll be launched.

Even though it will be regulated, the reputation that the people will handling it isn't worth the trust of the entire world. More of, in privacy issues, we need to consider that providing our overall privacy will put us in danger though in return, we will have a regulated crypto. For me, not much supporters will utilize the libra when it will be launched, except for people who really trust facebook and Mark Zuckerberg, I hope these people should do some research first and be aware of the issues that facebook has.

Well most of the people in this world already losing their trust against this company anyway. But, there are still some people that just blindly trusting facebook because it is a big company.
I too don't support this Libra that much simply because a private company owning a currency that could possibly disrupt the economy of developing country which is quite fragile, that'd be a huge threat even though those developing county are still silent about this, maybe they will prevent such thing from happening by just prohibiting Libra.

Xxmodded

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Quote from: Wintersoldier on November 01, 2019, 12:26:03 AM

Quote from: Winderer on October 13, 2019, 02:20:58 AM

It will be regulated, it will not be free, it will not be [type any of important BTC characteristic]. But it will be anyway very good type of money. This is the next big step, if it'll be launched.

Even though it will be regulated, the reputation that the people will handling it isn't worth the trust of the entire world. More of, in privacy issues, we need to consider that providing our overall privacy will put us in danger though in return, we will have a regulated crypto. For me, not much supporters will utilize the libra when it will be launched, except for people who really trust facebook and Mark Zuckerberg, I hope these people should do some research first and be aware of the issues that facebook has.

Facebook coin still waiting when get permission from united state government to launch Facebook coin, without get allowed from united state government facebook coin never listed to public just become an issues with Facebook coin will be competitor for bitcoin, my opinion small positive respond from investor with Facebook coin make them not release to public until today and never have want to start selling to public.

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Wintersoldier

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Quote from: Winderer on October 13, 2019, 02:20:58 AM

It will be regulated, it will not be free, it will not be [type any of important BTC characteristic]. But it will be anyway very good type of money. This is the next big step, if it'll be launched.

Even though it will be regulated, the reputation that the people will handling it isn't worth the trust of the entire world. More of, in privacy issues, we need to consider that providing our overall privacy will put us in danger though in return, we will have a regulated crypto. For me, not much supporters will utilize the libra when it will be launched, except for people who really trust facebook and Mark Zuckerberg, I hope these people should do some research first and be aware of the issues that facebook has.

SamarasLoch

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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 was watching a press conference and Mark Zuckerberg was put under immense pressure for his interest in the decentralized payment system. With many big partners dumping Libra, I think Libra has come to a short decline. It will depend on Mark's will to carry on at this point. I don't like the fact that he criticized bitcoin and cryptocurrencies at some point but is calking it the future of payments now. We'll just have to wait and see what happens.

Coroline

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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's simple answer made by Facebook, we know that Facebook has the problem of leaking someone's privacy is a violation and that will make libra untrusted by people, because they can control at will, unlike the case with bitcoin which cannot be controlled by individuals, I think Libra will never rival Bitcoin

bgaf

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I think many will still disconnect from Libra project. At first there are dozen of project associated with them but one by one leaving their side. You can see how a firm will be affected on how they been behaving. I'm not sure where Libra going, but all the timeline stipulated is 2020. Let's just wait. Luckily China can easily pierce their way in easily. Congress and SEC really hold a grudge about Facebook and Libra.

cvasy

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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

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.

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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?

matchi2011

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Quote from: adjed on October 30, 2019, 06:09:05 PM

The government is pushing hard against the Libra token and I think it's because if that project is successful, it would put too much power in the hands of someone who has proven not to be reliable in the past where money and information is concerned, who remembered when Zuckerberg was fighting hard against crypto? Suddenly he has seen the earning potential and wants to milk it for all it's worth, I sincerely hope it doesn't come to fruition.

I used to remember how the twins who originally partners of Mark who created Facebook earned millions of dollars after investing to Bitcoin. Not sure if there's relevance to how Mark changed paces about crypto currency and start working with his own version of blockchain made centralized crypto coin. Anyway, it will take some time for this project to generate as legal matters still in question.

ATSgrowth

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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?

You can be sure that we will not see Libra soon, thanks to very strict regulations it could take many years to launch the platform, but still chances are low. Banks and goverments will protect themselves against big corporations that want create new money.

m0Ray

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Americans will not approve a private project. It is much more likely that they, like China, will create their own national cryptocurrency. State financial sector or who will not give into the wrong hands. Libra is 99% likely not to be implemented. As Pavel Durov already returns investments to the investors.

antsam

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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

cryptothreads

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Quote from: Zemomtum on October 30, 2019, 06:33:31 PM

Libra will still eventually launched. It might be late in the year 2020 although major institutional companies have already backed out Facebook have enough demography to survive in any situation.

It might still be launched but i think it will only live for a short time. The governments have been very skeptical about this libra coin even before it will be launched. Facebook users may give its full support to libra coin but it would not be enough to make it stay in the long run. It will still die after a couple of months and won't ever compete with the qualities of bitcoin.

According to the latest information, the US government is banning this project from existence and Facebook will certainly have a lot of legal problems if this coin launches. For now, Libra needs a safer solution because without the support of the US, the coin will be very difficult to compete in this market. I think there is no solution to this problem and certainly Libra will be delayed for a long time so don't expect too much.

Maybe everyone wants this project to be launched earlier to make the market more developed but in my opinion this project should not appear because the crypto market does not need these coins.

pixie85

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Quote from: adjed on October 30, 2019, 06:09:05 PM

The government is pushing hard against the Libra token and I think it's because if that project is successful, it would put too much power in the hands of someone who has proven not to be reliable in the past where money and information is concerned, who remembered when Zuckerberg was fighting hard against crypto? Suddenly he has seen the earning potential and wants to milk it for all it's worth, I sincerely hope it doesn't come to fruition.

And maybe it would start a global trend to accept cryptocurrencies on a wider scale because Facebook would not be afraid to put serious money into advertising campaigns. This is something Bitcoin is not doing because it's decentralized but maybe this is the way to full acceptance. Centralized fiat money turning into centralized cryptocurrency and finally into decentralized cryptocurrency.

Topic: Where is Facebook coin going - page 2. (Read 858 times)