Topic: Why I think Libra Coin will Win - page 2. (Read 547 times)
You forgot one very important thing... The Government likes to stay in control and one way to do that is to control money, but when this power is handed over to an individual or organisation that they don't control, them they start losing their power, imagine always having to ask for permission before they can review the financials of an individual... This is why I think that the Libra Cryptocurrencies might never be actualised, it would have been very popular and would have been used worldwide but the roadblocks it has to scale before it is launched are many and large.
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.
All in all, regarding Libra Coin, we still gonna have to wait for no one knows until when the Coin allowed to launch.
Since like everyone of you already know of the fact that facebook won't launch its cryptocurrency until US Regulators approve of it. But I'm amazed about how hard facebook especially Mark tries his best to improve libra coin as to get the persimission from regulators and all.
I mean like, libra is one of the most anticipated cryptocurrency to be launched. And what OP have said has a point that cannot be ignored.
Eventually we will look for a coin that has a real use case and useful in many ways. But still, we won't gonna see it the near future it seems. Not until they solved the problems with regulation and everything.
Since like everyone of you already know of the fact that facebook won't launch its cryptocurrency until US Regulators approve of it. But I'm amazed about how hard facebook especially Mark tries his best to improve libra coin as to get the persimission from regulators and all.
I mean like, libra is one of the most anticipated cryptocurrency to be launched. And what OP have said has a point that cannot be ignored.
Eventually we will look for a coin that has a real use case and useful in many ways. But still, we won't gonna see it the near future it seems. Not until they solved the problems with regulation and everything.
Very principled personal opinion. If indeed Libra can be free from existing problems today, I am sure that Libra will be very loved as a means of payment today. Although we can only make payments with other coins now. What is clear is that we just look at further developments and do not also close the possibility for other coins as utilities.
My question to you is: Will regulators actually allow Libra to establish themselves, let alone succeed?
I think that if you have any sort of sense the answer to that question is no. The federal reserve has already shown that they are quite unwilling to let go of the control that they have over monetary policy to a private industry, especially one the size of Facebook.
It's not that Libra can't succeed, but it's just very difficult to do so.
I think that if you have any sort of sense the answer to that question is no. The federal reserve has already shown that they are quite unwilling to let go of the control that they have over monetary policy to a private industry, especially one the size of Facebook.
It's not that Libra can't succeed, but it's just very difficult to do so.
Facebook is willing to negotiate and as far as I know they have now revise the whitepaper for the regulators to review again. There ain't no giving up there for Facebook and until they can lobby more lawmakers to side with them, Libra may just be making it to help the adoption. I wouldn't be using Libra if there is no need for me to. But this will open the eyes of the many people who are not even aware of BTC and other cryptocurrencies.
Op has a point, but there is more to this for Libra to survive this regulatory obstacles. Somehow I read somewhere that; the Libra coin will be control in it totality by IMF which will make its not be able to utilize it potentials. These are many more challenges that the said coin will pass through before it will be accepted globally.
the victory of Libra Coin is to have a Facebook user community that has spread throughout the country, even Facebook is the largest social media in the world. With an interesting product service, I think it will be easier for Facebook to promote its products until they are delivered to consumers
Right, and it can be seen from the development of Facebook in the last two years, now on Facebook there have begun to be many additional menus that are very useful for users, and that is very extraordinary, and if their coins are really there for cryptocurrency, then facebook's progress will also...
I respect your opinion. But for me libra is not the right coin. You know why? I don't want to deal to coin or project that I know that it will not live long in this industry. All we know that libra or facebook is very popular so many problem and issue are going to come so I really don't know if libra can handle this kind of problem loke what bitcoin already done. Even so many problem that came it stays alive.
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.
I think this will be long, considering the American government still hasn't accepted Libra for their reasons. call it libra made with the same exchange rate as the dollar, as an online payment. it would indeed be a little bad for America because it could be that the dollar is no longer used if libra is really launched to the public and in fact it is. 
it seems you must to explain about Libra will win, Libra will win against whom? Is it against Bitcoin? we still don't not know what surprise Libra coin will give in the coming year, but maybe Libra coin will be a coin that is worthy of use by many people because most people who will buy Libra coin come from the Facebook community. what will happen with Bitcoin after Libra coin is launched. i am very curious with about this.
the victory of Libra Coin is to have a Facebook user community that has spread throughout the country, even Facebook is the largest social media in the world. With an interesting product service, I think it will be easier for Facebook to promote its products until they are delivered to consumers
Cheers everyone I really appreciate your opinion. The bitcointalk is awesome.
LIBRA coin will win because of its source and parent company facebook. They will make sure that this will be hit and may integrate somehow with facebook also. In that way, its fed into the people mandatorily.
Are you sure about that? Facebook is famous and known to be a big time in social media but crypto space is different than social. They can create a lots of news to trend but their Libra price will be depend on market where traders are the one deciding on it. So how come it will win based on its parent company?
Well I'm a little bit shocked that there's actually someone who doesn't have facebook... I mean, I bet you know a lot about technology yet you don't have facebook.
I made the mistake of arguing politics on Facebook.. When I join again its strickly cat photos and videos of swearing parrots.
If you talk about utilities and will pay someone for his services, then there are many people willing to accept with any coin, even they also accept paypal. But here discuss about a currency that can be owned without identity, self-controlled or not centralized. All these things are already owned by Bitcoin, don't you know and turn a blind eye to the use of Bitcoin from real use? .
Yes you have many good points. I don't even think Libra will make in onto coinmarketcap now as it may not be accepted as a genuine coin by them.
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paypal
I bought my first bitcoins with paypal...
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Because there are many people, communities, shops, e-commerce, companies or anyone who can be paid Bitcoin for services and other things
You are correct. I'm thinking thousands versus Millions here. Its no more than a prediction. But I got my first bitcoin in 2011 and sold all them in 2017. Call it luck or intuition. I just have this belief in Libra that it will work for me..
Yes, you're right, people are likely to at least try the new stablecoin payment feature when it gets introduced if it makes it to release stage and passes all the stringent regulatory hurdles that stand in the way it should become a unique innovative feature that attracts a lot of interest due to all the hype
I don't have a Facebook account. But I'm going to get one because of Libra.
You should really think about it. Your information will be leaked here.
If I could just go back in time, I would never ever create a Facebook account, it will succumb you.
I see a business opportunity with Libra and that's that. Some business opportunity bear fruit some don't. You could say that's my own business which I'm not going to discuss here.
I am seeing an online merchant here. There are still different ways to do the transaction option.OK.. Why will Libra be a game changer.
Because over night millions of people who have no understanding of coins are suddenly going to. And developers are going swarm to Libra..
AND PEOPLE ARE GOING TO ACTUALLY USE LIBRA.
I see where you are going here. But are you really going to abuse the people who have no understanding with it? That is how I understand it. Because over night millions of people who have no understanding of coins are suddenly going to. And developers are going swarm to Libra..
AND PEOPLE ARE GOING TO ACTUALLY USE LIBRA.
Man! That is evil.
I think it's too early to say that libra will be a winning or successful coin. because currently libra has not yet been released and is still experiencing problems regarding regulation and licensing. Until now, members of Congress and the United States Government have not given permission to Libra. Even though Libra was issued by a large Facebook company that has billions of users, I don't think it can guarantee that the Libra coins will succeed in the crypto market.
Why you are so much interested on Facebook's lira project when you don't even have an account there? 
I don't have one of these .. But I sure as am going to buy one
https://www.digitaltrends.com/computing/amd-ryzen-3000-cpu-everything-you-need-to-know/
Because to the best of my ability I see Libra as being the best tool for me..
Win against who or what, your question is not complete.
Get the top market cap in https://coinmarketcap.com/
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