The Libra project is definitely a new milestone in the world of cryptocurrencies, today it is not even possible to imagine how the Libra will affect the payment system.
One thing is for sure - the launch of facebook coins will expand the sphere of influence of cryptocurrencies on almost the entire developed world.
Topic: Why I think Libra Coin will Win (Read 512 times)
Libra is already almost a dead coin, even taking into account the fact that it has not yet been released. Even if you do not take into account US regulators and the position of Congress, it is enough that the countries of the European Union intend to block the circulation of Libra in their territory. Without the European market, it will already be a defective stable coin. In addition, now national stable coins of various states will begin to appear in large numbers. Such a Libra will definitely lose against the stable coins of world states. Therefore, even if it appears, it will not be in great demand.
Winning has not been a success, I think they will win a successful profit in the community and exchanges because of the big companies Facebook that have a later impact on the investor. But for his success can survive in the middle of the crypto shock itself is not necessarily because it is very difficult for new projects to survive.
Libra still has to face American regulations because it is feared that libra will damage the financial order in America. Libra has a lot of support but it still needs official regulations to make libra public. Libra still has to fight again.
My little thought is that if libra only agrees to use USD as a global guarantor reserve, this will actually be useful, especially because the centralized system can continue to progressively make policies so that all supply and demand can be controlled, this will be the same as what the USDC does, if it works and continues to grow, the application of libra will actually be very difficult if implemented outside the United States, not inside.
if libra is forced to remain within the scope of America then libra will not develop and may not be in demand anymore.
It's nice to see libra on the news again. The last time I checked the coin was having some regulation issue which I believe was going to sniff life off the project. I wished the project survives the United States regulations, though am not positive about the project based on the challenges I've read.
I want to be optimistic about this libra blockchain project but i never seen mark as the CEO of facebook heralded this project to the public, he as if pretending this project won't have a serious treatment from the facebook company itself. And also many people are doubting this project. We hope they will make something new which can attract investors to invest
Libra will win if they can enter in this market, yes they have a greater plan ahead but the regulations is too strict with them especially if you'll connect it to facebook. There are so many utility coins in the market, some coin can do what Libra can do but since Facebook is more popular they focused too much on Libra. Every cryptocurrency with a great purpose will win because Libra can't succeed if the market is dying so we have to support more coins and not just this one.
It's nice to see libra on the news again. The last time I checked the coin was having some regulation issue which I believe was going to sniff life off the project. I wished the project survives the United States regulations, though am not positive about the project based on the challenges I've read.
I want to be optimistic about this libra blockchain project but i never seen mark as the CEO of facebook heralded this project to the public, he as if pretending this project won't have a serious treatment from the facebook company itself. And also many people are doubting this project. We hope they will make something new which can attract investors to invest
It's nice to see libra on the news again. The last time I checked the coin was having some regulation issue which I believe was going to sniff life off the project. I wished the project survives the United States regulations, though am not positive about the project based on the challenges I've read.
I want to be optimistic about this libra blockchain project but i never seen mark as the CEO of facebook heralded this project to the public, he as if pretending this project won't have a serious treatment from the facebook company itself. And also many people are doubting this project. We hope they will make something new which can attract investors to invest
It's nice to see libra on the news again. The last time I checked the coin was having some regulation issue which I believe was going to sniff life off the project. I wished the project survives the United States regulations, though am not positive about the project based on the challenges I've read.
Libra become win coin if many because many investor have talk interested with Libra coin but when launching date is not know by any one else except Libra team still confused when their coin listed to public. I have bad thing maybe Libra become failed because most than last three months Libra still not launching to public because their reason not get permission from United State, available take care with permission needed three months?
So the Libra coin is still uncertain whether it will be a coin, there is a lot of news about the launch of Libra in 2020 but I don't think this will happen and Facebook owners are still developing more about Libra to be launched.
Maybe there are still many obstacles that must be resolved in his country so this decision may be uncertain.
Libra has one problem, it is centralized, so goverments can easily stop the process of developing before they launch it. That is the big problem.
You can´t stop something what is decentralized because how? Who you arrest?
You can´t stop something what is decentralized because how? Who you arrest?
People outside crypto like stock investors might not think twice in investing in it. People like me that had issues with Facebook's privacy will not. There would be plenty of merchants inside Facebook after its launch for sure, but are people really willing to drop a single coin to the platform? It will be a good tool, OP. You're right about that, but in terms of widespread reach I think I'll just stick to Bitcoin.
I was lucky, I found a person with a skill set and the ability to accept payment in the currency I had. Iota...
Soon millions of people with the skill set I need will be able and willing to accept payment from me.
Libra may not be a game changer for you. But it is for me.
Soon millions of people with the skill set I need will be able and willing to accept payment from me.
Libra may not be a game changer for you. But it is for me.
Everyone here has a different perspective and analysis of Libra coin, that is your analysis, I have seen an analysis that is completely different from your own, so we will have to see if it will generate support when it launches sometimes in 2020 if they ever push through.
I doubt if we will see libra in the future. It's more like we will see the next digital cash payment system will be made by facebook
I was lucky, I found a person with a skill set and the ability to accept payment in the currency I had. Iota...
Soon millions of people with the skill set I need will be able and willing to accept payment from me.
Libra may not be a game changer for you. But it is for me.
Soon millions of people with the skill set I need will be able and willing to accept payment from me.
Libra may not be a game changer for you. But it is for me.
Everyone here has a different perspective and analysis of Libra coin, that is your analysis, I have seen an analysis that is completely different from your own, so we will have to see if it will generate support when it launches sometimes in 2020 if they ever push through.
Libra become win coin if many because many investor have talk interested with Libra coin but when launching date is not know by any one else except Libra team still confused when their coin listed to public. I have bad thing maybe Libra become failed because most than last three months Libra still not launching to public because their reason not get permission from United State, available take care with permission needed three months?
I agree that what makes a coin good is the utility of it. Why do you think bitcoin is the most expensive coin (by means of market cap)? Because, it is widely accepted all around the world compared to all other coins. Even ethereum which is liked by millions of people is yet to reach the levels of bitcoin.
If one day Libra really comes out (I honestly think politicians of USA and everywhere else won't allow it to exist) they will have a super utility power and will be accepted in many places. Think about it, all you would have to do is open your facebook or whatsapp or instagram whatever account and send someone money right there in a second, that is a power you can't buy. So, I think if Libra happens it would be awesome in that regard but since it is ran by facebook there will be some bad parts too like no privacy of your accounts.
If one day Libra really comes out (I honestly think politicians of USA and everywhere else won't allow it to exist) they will have a super utility power and will be accepted in many places. Think about it, all you would have to do is open your facebook or whatsapp or instagram whatever account and send someone money right there in a second, that is a power you can't buy. So, I think if Libra happens it would be awesome in that regard but since it is ran by facebook there will be some bad parts too like no privacy of your accounts.
Could you tell me what is the purpose of using a cryptocurrency which is regulated, controlled, tracked and disobeys all the laws of blockchain? That's Libra. You can say you're replacing fiat and that would make Libra a digital currency like Paypal etc and not a crypto. The moment people realize this, they will simply get back to fiat and avoid technical complications worth nothing.
I don't like centralized company coins like Libra and I don't think it's going to win anything. Even if it gets approved by regulators it's not going to do anything good for Bitcoin and other cryptos.
To me Libra is all the things you don't want and those are centralization, vulnerability, connection with a company with a history of surveillance and leaks, KYC.
To me Libra is all the things you don't want and those are centralization, vulnerability, connection with a company with a history of surveillance and leaks, KYC.
people will buy libra and use it because they have good backups, the reputation is already very well known and they also have a lot of funds, so even if when selling coins they don't reach softcaps (though it is impossible) they will still be able to fund their own projects.
and also has many partners who are ready to join.
there is no reason to reject libra.
and also has many partners who are ready to join.
there is no reason to reject libra.
It's too early for now tell that Libra will win when they haven't even launched yet and there are news that their investors, some of their team are backing out and they are delaying the launch, but once it is already launch for sure that it has a potential to adopt by people as they can see its potential as they already think that it is a legit one.
Libra Coin will Win
Think of the crypto instead of the paper money. The government has the money as a USD, but still, everyone prints their own money in their house, Facebook Telegram accepts their own money, not the USD. It does not sound right, does it? So do not be so believer.Unlike you, I pay attention to decentralization, for me, it as the most valuable thing that crypto has earned us. It is possible to create a lot of things that can be used as payment, but as decentralized a few.
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