Why Do Crypto Enthusiasts Hate Facebook Coin? - page 4.

ophyrim

sr. member

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Quote from: CryptoGenius10 on June 24, 2019, 03:19:57 PM

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

By the way Libra (Facebook coin) is a stable coin like tether or PAX (fiat stable coin). and all fiat stable coin must be centralized because they need backed by fiat and the company must prove it.

Ezio_Auditore

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Quote from: CryptoGenius10 on June 24, 2019, 03:19:57 PM

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

Recollect for yourself the news on Facebook that they ban the cryptocurrency advertising. And now we see that they themselves are launching such a project is Also centralized. And provide them with your personal information. I'd rather use my Bank than trust Facebook. I don't see why I should like their Libra.

bitvalak

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Leading Crypto Sports Betting & Casino Platform

Not all hate Libra. Sometimes only a group of people who hate because they have reasonable reasons.
Indeed, with the emergence of Libra will have positive and negative values for the world of cryptocurrency.

CutePanda

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Quote from: deodivine1 on June 24, 2019, 06:57:52 PM

The major reason why many crypto enthusiasts stand against or show concern about Libra is because facebook announcement about ban of crypto ads once caused a downtrend in the entire market. Now they are doing their own coin, many will look at it the other way round, it's not their fault entirely. Well, I believe Libra is a welcome development.

Yeah I also think this is one of the reason, facebook announcement about ban of crypto ads is the cause. this announcement is like Facebook wanna cut off the other coins, but who can say no about it because its their privilege to do that.

deodivine1

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The major reason why many crypto enthusiasts stand against or show concern about Libra is because facebook announcement about ban of crypto ads once caused a downtrend in the entire market. Now they are doing their own coin, many will look at it the other way round, it's not their fault entirely. Well, I believe Libra is a welcome development.

nemey

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Catena X

probably, Libra will be one of the valuable coins at the future and it will have high value better than XRP. So far, the hype of Libra really can influence many sectors, moreover it is created by the high company, Facebook. Well, Libra will be a stable coin an dit may be centralized, it may be also used for payment method around the world. This thing may infleunce the crypto holders chance to make other cryptos better.

Ayobami99

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The wonders of the blockchain technology

Personally, i think it will be too much power vested in libra if it is launched. Just imagine the 27 big companies that are involved with a lot of their customers.... Apart from being centralized, these guys can decide anything and NOBODY will be able to do or say anything about it. I am happy US lawmakers intervened and told facebook to come and answer allegations levied against it first.
2. Why would you need a permissioned blockchain for a stablecoin?. This is not a blockchain that will allow dapps to be built on it.... It's just for remmitance!!!

poornamelessme

hero member

Activity: 1204

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If a big believer in decentralization, then yeah, you'll hate FB coin.

For most of the world, they could care less if a coin is decentralized. To be honest, I'm not
sure how a stable coin could even be decentralized to begin with. I'm not a fan of FB myself,
but overall I consider Libra a good thing.

It shows the public that crypto will go mainstream.

passwordnow

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Leading Crypto Sports Betting & Casino Platform

As you have said it is centralized and they collect almost every data that they can. Where you have got that idea that people should love xrp and love libra at the same time?
You just can't tell people what to hate and what to love.

CryptoGenius10

newbie

Activity: 78

Merit: 0

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

Topic: Why Do Crypto Enthusiasts Hate Facebook Coin? - page 4. (Read 715 times)