Topic: Would You Trust Libra Coin With Your Money? - page 4. (Read 1182 times)
I would rather put my money inside a bank with good reputation than to put it into libra coin which it has a lot of on going issue with the government. A successful social media platform company doesn't equal to a good digital currency creator. It is still better to risk my money in investing in bitcoin which it has a huge opportunity in the long run compare to libra coin that is a stable coin that will bring nothing to you after years of holding.
For me personally, i can say yes if that doesn't need to require various requirements to use the stable coins. Im still using facebook right now maybe some people are getting affected caused by the facebook scandal will not use facebook again. Im using facebook products right now and it looks like still good enough to say yes for libra but not for all. just try to use libra to pay anything related to the facebook products.
But that will never come true caused by facebook digital payment will be coming soon. No future for libra.
As long as the libra can be fully audited and why not?
But that will never come true caused by facebook digital payment will be coming soon. No future for libra.
As long as the libra can be fully audited and why not?
Since Libra is from Facebook and Facebook is already a trusted social media, so I think that it's fine to trust on Libra. But personally, I don't think I'll invest on Libra cause I prefer decentralized and Bitcoin more... Though I might still change my mind in the future...
Investment has nothing to do with trusting the crypto coin. You don't need to trust the Libra Coin before investing in it.
I do believe that trust is still needed in investing. Because why would you invest on a coin you don't trust? Why would you risk your money on a coin you don't trust? I do not understand what kind of trust can we talk about? You understand that Libra has not even been approved and implemented yet. And most likely it will not happen. He can't let that happen. And plus, many countries are very negative against Libra. We must understand that the promotion of cryptocurrency is everything! Especially for stabilcoins.
To be honest, I do not understand the essence of the issue. In my opinion, many people make the mistake of trusting their money to anyone.
What's the point of this? In today's world, unfortunately, you cannot trust your money to anyone, these are the facts.
Libra, if it finally starts up fully, will have a huge credit of trust among the population because it is under the strongest supervision of regulatory structures.
Libra will no longer enjoy the tremendous trust of people. Their planned release met with such great resistance from states and regulatory bodies that it can be said that this coin is unlikely to ever be issued at all. In addition, at a meeting of the Congress in the United States, Zuckerberg himself was forced to declare that Facebook will not have anything to do with the Libra coin.What's the point of this? In today's world, unfortunately, you cannot trust your money to anyone, these are the facts.
Libra, if it finally starts up fully, will have a huge credit of trust among the population because it is under the strongest supervision of regulatory structures.
In addition, the United States and other leading states themselves already announce the creation of their national stable coins and, in my opinion, these coins will be more popular than the scandalous Libra.
Yes... I will trust my money in libra since it is made by facebook which is a huge company to begin with although it's quite a bummer since you will have to comply all the requirements to own one so, it's quite a hard to own unlike the other coins in top 10
Facebook's cryptocurrency project called Libra should be trustworthy in as much as it will probably be restricted to smaller transaction limits and be properly regulated, which should ensure consumers funds are safe and secure when using its payment network
To be honest, I do not understand the essence of the issue. In my opinion, many people make the mistake of trusting their money to anyone.
What's the point of this? In today's world, unfortunately, you cannot trust your money to anyone, these are the facts.
Libra, if it finally starts up fully, will have a huge credit of trust among the population because it is under the strongest supervision of regulatory structures.
Libra will no longer enjoy the tremendous trust of people. Their planned release met with such great resistance from states and regulatory bodies that it can be said that this coin is unlikely to ever be issued at all. In addition, at a meeting of the Congress in the United States, Zuckerberg himself was forced to declare that Facebook will not have anything to do with the Libra coin.What's the point of this? In today's world, unfortunately, you cannot trust your money to anyone, these are the facts.
Libra, if it finally starts up fully, will have a huge credit of trust among the population because it is under the strongest supervision of regulatory structures.
In addition, the United States and other leading states themselves already announce the creation of their national stable coins and, in my opinion, these coins will be more popular than the scandalous Libra.
The signs are out there already telling us to back off Libra. A lot of powerful countries such as France, Italy, Netherlands, and Germany are already against Libra and has told that they will block any kind of Libra related transactions that will happen in their country. Aside from that the heat against Facebook's privacy and data protection controversy is not yet dead it may have died down a bit but the heat will rise once the launch will get nearer. Don't be fooled by the support it is having by other big companies since it doesn't tell the success it will have in the future, it may have a lot of companies supporting it but it also has a lot of governments against it so I don't think they will win in this one.
I will not say believe or not on libra coin. because the assessment will be able to be answered when the libra project has started a sales session or their tokens can already be purchased. At the moment I don't assume anything about the Libra project. You need to know the Libra project is surrounded by many large companies and teams of experts in all fields.
Absolutely NOT
I'm against facebook products, because in my opinion they don't do things clearly and fair
I don´t like the idea of having my personal data sold to other companies, and so important as my data is my money
Even if they can get through regulation, I won't use this coin in any case
The only thing in commom is the fact os Libra is based on internet, but it's the opposite of BTC and a lot of another good coins we have
I'm against facebook products, because in my opinion they don't do things clearly and fair
I don´t like the idea of having my personal data sold to other companies, and so important as my data is my money
Even if they can get through regulation, I won't use this coin in any case
The only thing in commom is the fact os Libra is based on internet, but it's the opposite of BTC and a lot of another good coins we have
To be honest, I do not understand the essence of the issue. In my opinion, many people make the mistake of trusting their money to anyone.
What's the point of this? In today's world, unfortunately, you cannot trust your money to anyone, these are the facts.
Libra, if it finally starts up fully, will have a huge credit of trust among the population because it is under the strongest supervision of regulatory structures.
What's the point of this? In today's world, unfortunately, you cannot trust your money to anyone, these are the facts.
Libra, if it finally starts up fully, will have a huge credit of trust among the population because it is under the strongest supervision of regulatory structures.
Yet Libra has received a huge amount of attention from the moment of its launch.
Libra hasn't launched yet, just so you know.As to whether I would own or use libra the answer is 'no'. Since facebook's practices disgust me, I wouldn't have anything to do with whatever they have planned for their cryptocurrency, and it's a stable coin anyway. I have never had the need to own tether or any of the others, so why would I own libra?
I think discussions like this are kind of moot, because I doubt the U.S. gov't is going to allow facebook to proceed on this and let libra launch. I'm very curious to see how it all plays out but I wouldn't keep my hopes up if you're looking forward to it.
satoshi nakamoto would hate libra . Facebook is a centralized institution firstly .
Secondly They sensor everything they do not like:
- Plus-sized women
-Mothers
-Women, generally
-Sexual health organizations
-Indigenous groups
-Journalists
-Cannabis advocates
-Europeans
-Artists, museums and galleries
-LGBTQ groups and individuals
Don't believe me? https://qz.com/719905/a-complete-guide-to-all-the-things-facebook-censors-hate-most/
With all that said NO. I would not trust them for my social media needs much less my MONEY
Also asking for government permission is about as un-crypto as it gets. One of the first responses to this question was a good one by avikz
absolutely correct avikz... Libra gets approval it will come with strings attached
Secondly They sensor everything they do not like:
- Plus-sized women
-Mothers
-Women, generally
-Sexual health organizations
-Indigenous groups
-Journalists
-Cannabis advocates
-Europeans
-Artists, museums and galleries
-LGBTQ groups and individuals
Don't believe me? https://qz.com/719905/a-complete-guide-to-all-the-things-facebook-censors-hate-most/
With all that said NO. I would not trust them for my social media needs much less my MONEY
Also asking for government permission is about as un-crypto as it gets. One of the first responses to this question was a good one by avikz
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!
absolutely correct avikz... Libra gets approval it will come with strings attached
Quote
Clearly, Libra was attacked from all sides in the weeks and months following its launch.
Was Libra ever launched? I have no idea it was actually launched when most of the countries in EU are opposing it and even the opposition are attacking it. But why is this OP making it sound like its been launched and were in the market already?
None might even trust it but users in facebook might just be using it.
It's pretty sure that Libra won't turn out as a huge hoax when it comes to financial aspect, but it's not the main concern of crypto enthusiasts. The privacy is. Facebook and other companies based on big data collected from billions of users are redeveloping the world on their own, sick conditions and that's why I'll stay away from Libra. But I don't think that you should be worried about your money invested in Libra project - it's quite the opposite, they'll handle it very well. Most probably Libra will let you earn some money, even if you are a complete newcomer into crypto, but instead they are taking your data and this is more valuable for Facebook etc than money.
Facebook has been doing everything on a proper channelised manner. This increase the trust among the common public who are into cryptocurrency usage. The launch of libra isn't scheduled, fulfilling all regulations it takes more time. Until then it is our time to analyze the true nature of libra, upon which one can make the investment.
Obviously as seeing the current condition people will believe the libra coin because people have trust on Facebook. But as of now there is no big marketing allocation from them to market it.
I don't know why they were not showing to everyone that they were investing cryptocurrency to all the people.
I don't know why they were not showing to everyone that they were investing cryptocurrency to all the people.
It should me much better coin than USDT or any other stable coin which are using as trust part because it is coming from one of the biggest companies in the world but this not alone makes the crypto should be invested especially when we have coins which are not controlled by anyone.
I would never trust my money to such a centralized tool as the Libra. so many times they showed their attitude towards users (I'm talking about Facebook) that after all, it will be really crazy thing to trust them my money
Since Libra is from Facebook and Facebook is already a trusted social media, so I think that it's fine to trust on Libra. But personally, I don't think I'll invest on Libra cause I prefer decentralized and Bitcoin more... Though I might still change my mind in the future...
Investment has nothing to do with trusting the crypto coin. You don't need to trust the Libra Coin before investing in it.
I do believe that trust is still needed in investing. Because why would you invest on a coin you don't trust? Why would you risk your money on a coin you don't trust? Jump to: