I want to invest with LIBRA coin as the hype in the community is really high.
It is also an eye opener for many people who dont know cryptocurrency.
It may also be a bridge for the crypto to countries and merchant for acceptance.
Though the idea of being centralize is not a good thing.
Topic: Why Do Crypto Enthusiasts Hate Facebook Coin? - page 2. (Read 766 times)
Firstly, people hate Mark Zuckerberg after his data selling incident. How can you possibly believe in a person who once stabbed on your back? Secondly, cryptocurrency is all about decentralization meanwhile Libra is obviously centralized. Finally, Libra, with the population of facebook, will affect crypto and make goverments take eyes or even insert their nose to cryptoworld. The only thin Libra can contribute is a free marketing tool to cryptocurrency world.
Really understand why people hating on it but actually Libra has stated that it's a stablecoin and there's plenty of centralized stablecoin aswell, I don't see any problem with this though and USDT or such receive less hate from people, maybe the image of being issued by a huge company affects a lot.
Firstly, people hate Mark Zuckerberg after his data selling incident. How can you possibly believe in a person who once stabbed on your back? Secondly, cryptocurrency is all about decentralization meanwhile Libra is obviously centralized. Finally, Libra, with the population of facebook, will affect crypto and make goverments take eyes or even insert their nose to cryptoworld. The only thin Libra can contribute is a free marketing tool to cryptocurrency world.
I think many hates facebook coin because it seems it can threaten the bitcoin dominance since libra gained supporters through facebook users.
Well they even compare Libra to bitcoin which I think is not right because Libra is centralized and a stable coin while bitcoin is the total opposite. Instead of bitcoin, why they didnt compare it to USDT since its a stable coin too.
It is possible that some hate this new facebook coin because of that but I find unlikely that we are going to see that coin threatening the dominance of bitcoin over the market, there are many coins out there which are similar or that have principles that run against the principles of bitcoin and yet not a single one of them has proven to be a long term threat to bitcoin and since Libra is going to be nothing more but another stable coin I doubt much is going to change in this market. Well they even compare Libra to bitcoin which I think is not right because Libra is centralized and a stable coin while bitcoin is the total opposite. Instead of bitcoin, why they didnt compare it to USDT since its a stable coin too.
I understand that Libra coin is "centralized", but so is XRP...How can you love XRP, but hate Libra coin?
Why don't you asked the people who strongly supports XRP? Many people do not like libra and xrp.Granted, I don't support or like FB, but this is a giant step towards mainstream adoption.
I think you are assuming too much that those people behind libra are thinking of crypto mainstream adoption. They are only thinking of libra adoption.
I don't hate Facebook coins, I think with the presence of this coin, it will greatly affect the interest in the world of cryptoqurrency, there will be many new people joining and taking part in the world of cryptoqurrency. related to their coins I will not argue much moreover they have not yet appeared and are still in the process. it's only about the big influence on public adoption
It is not going to do anything for our crypto field because it is centralized so will work for the profits of people who created it not for the users.Stable currecy means value of fiat so it is not going to give any profits literally due to the inflation.
The Facebook coin is a very hypocritical project.
First Facebook do not allow crypto ads or pages! But they advertise their own coin at will, that doesn't sound fair right?
Then the Facebook coin is centralized, under the feeling it is not. Actually you cannot mine it and you can reverse any transaction just with the private key that Facebook and the US government will have of course.
So if you want your money safe, avoid this coin. FB is a s*hit company, who desperately need to bond with the US government to avoid being investigated. Like Microsoft, they will do whatever it takes to pet the NSA and get away with all their illegal behaviors.
First Facebook do not allow crypto ads or pages! But they advertise their own coin at will, that doesn't sound fair right?
Then the Facebook coin is centralized, under the feeling it is not. Actually you cannot mine it and you can reverse any transaction just with the private key that Facebook and the US government will have of course.
So if you want your money safe, avoid this coin. FB is a s*hit company, who desperately need to bond with the US government to avoid being investigated. Like Microsoft, they will do whatever it takes to pet the NSA and get away with all their illegal behaviors.
I think many hates facebook coin because it seems it can threaten the bitcoin dominance since libra gained supporters through facebook users.
Well they even compare Libra to bitcoin which I think is not right because Libra is centralized and a stable coin while bitcoin is the total opposite. Instead of bitcoin, why they didnt compare it to USDT since its a stable coin too.
Well they even compare Libra to bitcoin which I think is not right because Libra is centralized and a stable coin while bitcoin is the total opposite. Instead of bitcoin, why they didnt compare it to USDT since its a stable coin too.
I understand that Libra coin is "centralized", but so is XRP...How can you love XRP, but hate Libra coin? Granted, I don't support or like FB, but this is a giant step towards mainstream adoption. This is a HUGE turning point for this community. If you read the article linked below, you can see how many ppl despise this coin. They think that this is "bad" for the community, but in actuality this is a giant step towards mainstream adoption/acceptance.
https://tipestry.com/topics/5d11121313fe3c5fa63e0ffd/zuckbucks-are-bullshit
I don't think Libra is bad. But you seem to misunderstand the nature between XRP and Libra. Libra is not crypto like XRP. Libra is stablecoin. It's like USDT, USDC, PAX, ...https://tipestry.com/topics/5d11121313fe3c5fa63e0ffd/zuckbucks-are-bullshit
However, the market needs such coins. It's like a armor for a trader. This will partly help the community expand. That's the value Stablecoin created.
Libra is stablecoin. It's like USDT, USDC, PAX, ...
- Don't make me laugh on this, how can you say that Libra is a stablecoin? are you kidding me? their launch is not starting yet. Aside from that it is transparently centralize based system just like XRP. And I hate that honestly speaking.
I think because it ruins the main feature of cryptocurrency which is decentralization. Its nature of being centralized fears some crypto enthusiast well its not necessary to use this coin in the future if you want to be safe but on the on the other hand I think it has some good effect it will spread awareness to the public about cryptocurrency in all continents.
I understand that Libra coin is "centralized", but so is XRP...How can you love XRP, but hate Libra coin? Granted, I don't support or like FB, but this is a giant step towards mainstream adoption. This is a HUGE turning point for this community. If you read the article linked below, you can see how many ppl despise this coin. They think that this is "bad" for the community, but in actuality this is a giant step towards mainstream adoption/acceptance.
https://tipestry.com/topics/5d11121313fe3c5fa63e0ffd/zuckbucks-are-bullshit
https://tipestry.com/topics/5d11121313fe3c5fa63e0ffd/zuckbucks-are-bullshit
I think the crypto community does not hate Libra Coin because in the end we only want make profit from our investments. I think crypto community just being vigilant on Libra Coin and the influence on the crypto market
Well, many speculations around have it that the recent spike in price is as a result of the release of the libra whitepaper. I don't see this as a bane to the crypto space but rather another giant step towards greatness because this is capable of attracting huge investors to the crypto scene.
There are some who don't believe with Libra knowing its characteristics as a stablecoin and manage by facebook which will surely collect personal information before you can have Libra jn your account. This in turn, crypto entusiasts give a negative ratings on it. Since a lot of people here started with anonymity, it's really hard to get with the kyc thing.
Many people do have negative feedback when it comes to social media and the consequences that it has for millions of users worldwide. The same people who will not show any trust on facebook, twitter, and other social media websites and apps. There are many allegations of mismanagement and selling of private data. And these people will not trust anything coming from the said social media organizations.
Because they are laughing at the concept of this "coin". We understand what does blockchain technology and cryptocurrency means. It seems that Facebook not 
.
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I'm indifferent about the Libra coin but one thing I know is that it's good for crypto. It will only speed up adoption and pull interests from big corporations.
i actually thought Libra such as the name suggests should connote freedom but the reverse is the case with Libra coin. I still believe Facebook should first answer to the user data leakages first before proceeding with Libra Coin. They said Libra will not be connected with user's facebook profile but the question is 'how true is that?'.
The main purpose for which bitcoin and cryptocurrency were created was to create a decentralized system that is without the interference of government or centralized organizations.
It already seems that will be hard to achieve because the crypto world still needs to have some government regulations in order to achieve main stream usage.
Hating facebook coin because of its centralized nature is pointless because it will promote more adoption of cryptocurrencies for the world
It already seems that will be hard to achieve because the crypto world still needs to have some government regulations in order to achieve main stream usage.
Hating facebook coin because of its centralized nature is pointless because it will promote more adoption of cryptocurrencies for the world
I understand that Libra coin is "centralized", but so is XRP...How can you love XRP, but hate Libra coin? Granted, I don't support or like FB, but this is a giant step towards mainstream adoption. This is a HUGE turning point for this community. If you read the article linked below, you can see how many ppl despise this coin. They think that this is "bad" for the community, but in actuality this is a giant step towards mainstream adoption/acceptance.
https://tipestry.com/topics/5d11121313fe3c5fa63e0ffd/zuckbucks-are-bullshit
Is any crypto enthusiast said that they support XRP? So you can expect yes for Libra as well because the answer is simple its centralized.https://tipestry.com/topics/5d11121313fe3c5fa63e0ffd/zuckbucks-are-bullshit
They are doing this for users welfare or for their profits? This against and again say what is you thought about libra.
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