Topic: Would You Trust Libra Coin With Your Money? - page 2. (Read 1128 times)
Honestly? No. I will not trust libra to my money investment. If I will invest my money I will invest in a good and most trusted coin which is bitcoin. All we know that libra also have a great featured and uses but I think it's existence and experienced is not enough to give my trust specially that libra already faced so many issue from the past months.
I don't trust them. You have to sometimes give your KYC to them on your fb account. I don't agree with this at all. I don't like how they restrict the content of your pages then if you want to unrestrict it and gain the exposure you must pay. They can just make endless money for as long as fb exists. Based on these things I would never invest in fb. I just don't trust them and also because of the principle.
In that regard yes your money is safe. I still don't trust them though. Yes, PayPal is reversible. It's a big problem.
Libra is trustworthy and we know our money is safe here but why should we invest our money in it?
Especially do we know that these are stable coins that only use like PayPal? And from what I've read in the articles the transaction here is reversible.
Especially do we know that these are stable coins that only use like PayPal? And from what I've read in the articles the transaction here is reversible.
In that regard yes your money is safe. I still don't trust them though. Yes, PayPal is reversible. It's a big problem.
Maybe for now I believe in other stable altcoins like usdt but for libra itself we can't predict it precisely because libra coin is not officially launched at this time, so it is very difficult for us to trust or even reject it. but I think all of that will be answered by itself later when the Libra Coin has been officially launched by the Facebook platform, because we don't know whether the Libra Coin will make the world of Cryptocurrency better or not, so, we just wait for the Libra Coin to be launched.
I believe that any cryptocurrency is much more reliable for investing our money than Libra. For me, the argument when there are specific warnings and prohibitions for this coin by the states is very significant. Of course, a lot of negative statements also sound at Bitcoin, but if you turn your attention to Bitcoin, then this coin does not meet only resistance from the government, as much as the Facebook project does. In any case, I will not risk my money because of Libra.
Libra is trustworthy and we know our money is safe here but why should we invest our money in it?
Especially do we know that these are stable coins that only use like PayPal? And from what I've read in the articles the transaction here is reversible.
Especially do we know that these are stable coins that only use like PayPal? And from what I've read in the articles the transaction here is reversible.
Maybe for now I believe in other stable altcoins like usdt but for libra itself we can't predict it precisely because libra coin is not officially launched at this time, so it is very difficult for us to trust or even reject it. but I think all of that will be answered by itself later when the Libra Coin has been officially launched by the Facebook platform, because we don't know whether the Libra Coin will make the world of Cryptocurrency better or not, so, we just wait for the Libra Coin to be launched.
I would trust Libra coin with my money. Because Facebook is trying to get regulatory approval and legal clearances before starting it up. So I am sure my money is not going to go anywhere!
I wouldn't trust Libra coin with my financial privacy. Because Facebook is trying to get regulatory approval and legal clearances before starting it up. So I am sure that my entire financial information with Libra will be shared to the regulatory bodies and enforcement agencies.
I hope you are getting my point!
I wouldn't trust Libra coin with my financial privacy. Because Facebook is trying to get regulatory approval and legal clearances before starting it up. So I am sure that my entire financial information with Libra will be shared to the regulatory bodies and enforcement agencies.
I hope you are getting my point!
Such projects have made fun of cryptocurrency. They are just destroying the principles of satoshi nakamoto. We really don't need such cryptocurrency that are backed by single authority. They jumped into crypto market to get there share. If we think Libra is fine as crypto currency then we don't need bitcoin and other decentralized cryptos.
Actually, centralization and decentralization are able to work side by side, we don't need to debate both, just determine which one is more suitable for us. Fiat is a central currency that has authority, as well as other digital currencies (non crypto).
What makes it different from libra is that it runs on a blockchain which is called crypto, this is just a different technology from non-crypto digital currencies. If libra comes with the concept of centralization does not mean it will destroy bitcoin because in my opinion, the two can still develop side by side. Libra will always be stable but bitcoin will look special with its volatility.
Others attacked Libra as an accumulation of corporate power. Economists cautioned that it might challenge the influence of countries over their own monetary policy, thus undermining democracy. And lawmakers and regulators around the world came together to say they would launch investigations or take action against the fledgling currency before it even started.
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These are all speculations, Facebook management already stated that they are going to comply, and follow all the regulations that regulators will impose, there are so many hypes on what Facebook coin is going to do, and what power they are going to yield, all these regulators must do is to implement a very strict regulation so Facebook will not yield so much power and will not become a threat.
Since the beginning of the rumors that Facebook will launch the Libra project, I felt something negative about this project, and now it is proven that Libra project has been abandoned by many big investors such as Mastercard and others because there have been many contradictions from top US officials and other influential people.
Facebook is a big company so why you shouldn't trust them? In crypto we know, that private keys are important, but you have to look at Libra project as a centralized project - smotehing like a bank. And this bank will manage your finances.
it caused by some people are still feeling doubt about the facebook scandal. Remember about even a major company can be trusted. you must try to consider about the scandal that owned by the company. Facebook is a trusted company but it can't be 100% trusted by the users especially when it comes to manage your finance. 
Facebook is a big company so why you shouldn't trust them? In crypto we know, that private keys are important, but you have to look at Libra project as a centralized project - smotehing like a bank. And this bank will manage your finances.
I sure about this but of course I'll take in the middle not the first time. We need track record before decide to join project, even Libra support by Facebook it doesn't mean can success. People will give trust because Facebook but not me because I know they have different purposes, system and strategy. Let see the progress and I hope it will positive impact into crypto market.
Libra is going to push the whole industry forward and it does not matter if it is centralised or decentralised. This coin will draw a lot of new attention to crypto space and it is a very positive move science nothing changes for years.
Until now there is no certainty about the launch of Libra. the truth is who the owner of the coin project does not necessarily make the coins reliable. Especially as we know that Facebook used to not support crypto but suddenly created Libra. I wonder if this will be manipulation in the world of crypto or not?
The only problem with Libra is the affiliation of Facebook which denied thr crypto in their social media in some while ago when he banned some crypto ads and now creating one? That's eating youre own pride for some hidden agenda. Maybe Libra has a good concept since its facebook owned but the trust of crypto enthusiasts destroyed by them how can they let the community trust them again?
Libra really exists (still under development) but to trust libra as cryptocurrency, oh no no, let alone entrust my money to libra coin. Why does libra coin cause so much controversy? because people's trust in Facebook itself is now in doubt after being caught committing identity theft. And again, Facebook itself wants to create an independent libra not bound by the government but Facebook is under US law. and the last is the investors one by one began to leave Libra, meaning there was a distrust in the concept of libra itself.
Until now there is no certainty about the launch of Libra. the truth is who the owner of the coin project does not necessarily make the coins reliable. Especially as we know that Facebook used to not support crypto but suddenly created Libra. I wonder if this will be manipulation in the world of crypto or not?
I might not need to convert my money to libra ever. I'm not an advertiser on the Facebook platform and I have plenty of stablecoins and asset backed coins to trade with. There are no direct benefits of using Libra. They would be as good as bonga tokens from the bongacam.
If this Libra Coin need KYC before using then i think i will not trust this because there's a lot here without KYC still they are good already so better to use all of that than with KYC but i know some services here have KYC still they are trusted and popular so it depends in the developer of Libra Coin like if we are secure for using this then we can use this as a digital currency worldwide
KYC is a procedure of each project, so they do it to avoid cheating or anything that can be anticipated by KYC.
why do you doubt big projects like libra.
if it only aims to pump and dump, then you don't need to do it.
but this libra is different and has many partners
unfortunately libra hasn't been released yet how will I see something great in their launch, isn't it they are stable like dollar value, I'm still waiting for this project in the end, next year they will release it, if YES of course we all know the real answer, we didn't know the libra project could be far greater than what we all think, so just being neutral just waiting until their launch to be able to gain the trust of people and their money
Should we keep on discussing Libra until now? I think the project is already dead for now. There is no more reason to extend the discussion of a project that we cannot see in the near future. It will be revived for sure. We will see how it will make its move in the next years to come. However, right now, it is effectively put to rest by the governments that do not want to see a major player that would be against their own objectives.
I cannot yet fully trust Libra coins. because Libra coins have not been tested whether good or bad. moreover Libra coins have yet to be released. so, I think we are waiting for the launch first before we can draw conclusions about the Libra coins.
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