Would you use FB's Libra? - page 2. | Bitcointalksearch.org

crisanto01

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Activity: 644

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Quote from: Shasha80 on December 10, 2019, 02:29:53 AM

After learning that Libra coins are stable coins and also centralized, there is no reason for me to use them. What for I buy Libra coins
if it can't be traded. If it can't be used trading means it can't make profit. I think Libra is only used by Facebook users for the purpose
of payment of advertisements. Moreover, Libra is currently still in the process of getting permission from the American government, so
the launch schedule is still unknown. I'm sure the cryptocurrency community isn't very enthusiastic about this Libra coin project.

Seems like they are just the ordinary too, so I am not interested there, as I am comfortable already with what I am doing, so why will I still use them, anyway, it will be just good for all of us as this will add crypto adoption and awareness and public as we all know facebook has a lot of followers which they can take advantage of it, but still tell your friends and relatives that it's different concept with Bitcoin.

Shasha80

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After learning that Libra coins are stable coins and also centralized, there is no reason for me to use them. What for I buy Libra coins
if it can't be traded. If it can't be used trading means it can't make profit. I think Libra is only used by Facebook users for the purpose
of payment of advertisements. Moreover, Libra is currently still in the process of getting permission from the American government, so
the launch schedule is still unknown. I'm sure the cryptocurrency community isn't very enthusiastic about this Libra coin project.

Carreuh

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Activity: 560

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We don't know if people will use the Libra coin or not because this coin hasn't been released yet and still cannot be accessed by investors, the coin is still in the process of forming both from the system sige or other aspects, so we can't decide if the coin will be used or not

senin

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Quote from: loafof on November 10, 2019, 11:58:01 PM

With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.

Would the people actually use Libra should it be approved by the congress?

In my opinion, even if the regulators allow the Libra coin to appear, it is unlikely that it will have the success that was originally expected, before all these scandals with this coin. Moreover, now there are many alternatives. Now many states, including the USA, China, India have announced the creation of their national stable coins and they should be more popular than the Libra coin. In my opinion, Zuckerberg has already missed his opportunity.

Gotumoot

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Honestly I'm not a fan of Libra and I see it doesn't have a good crypto effect especially since it is a centralized coin, maybe on facebook it will help people who advertise their ads.
But in terms of holding zero chances that investor will hodl this coin especially now many crypto currency investors are avoiding government tax.

sapnu

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Quote from: Edraket31 on December 09, 2019, 09:11:31 AM

Quote from: drlukacs on December 09, 2019, 07:35:12 AM

Quote from: BuNga_cute on December 04, 2019, 02:09:14 PM

I think because libra is a stable coin with a price of $ 1, it cannot be used for trading. Then I include people who are not active on facebook, then there is no reason for me to use libra coin. In my opinion libra will be very useful for Facebook ads users, they will be easy to make payments if using libra coin. So libra will be better if used as a digital currency because the price is stable.

This is a strong point of Libra coin, but do you think that after a period of good operation, will they become more expanded and become an uncontrollable empire? listen, this is entirely possible. because the US government doesn't have the right to know everything Libra does outside of the crypto market. they may manipulate or do many things that are not recorded in an account. Security is important, and while it may cause US GDP to skyrocket, the danger in the future is preventable. What do you think about my thoughts?

I really don't think so as it is hard to judge at the moment as this not yet launch and we really don't know yet what it is capable of, Libra is good in a sense that it can really promote crypto to the masses, adoption wise yes it is but when it comes to the point wherein you want to invest in it, then it is not good to invest at actually as this is a stable coin.

As a user of facebook, maybe I can also use the libra coin they are developing, I can use it in many ways such as buying stuffs that are being sold on the facebook marketplace. I wish I can also send money through facebook to my friend. At this moment, many people are waiting for libra coin to be developed and how is it gonna work with facebook. I think the streaming can now earn with libra coin by making money with their own preferred live streams such as games or any other stuff that needs viewers.

BitcoinTurk

hero member

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Quote from: loafof on November 10, 2019, 11:58:01 PM

With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.

Would the people actually use Libra should it be approved by the congress?

I don't plan to use it because I don't trust this project. Although the main reason for being connected to a center is the fact that the project is constantly being postponed and the project is constantly losing its strong partners, my trust in this project has been lost. Yes, although the name at the beginning of the project addresses a wide audience and manages the most used social media applications in the world, unfortunately it does not seem to be able to achieve this success in the field of crypto money. It is also a fact that if this project is realized, not only the Facebook administration but also the United States will have a say in the administration. For that reason, I do not intend to use or take.

Pinkris128

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Activity: 812

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Quote from: Edraket31 on December 09, 2019, 09:11:31 AM

Quote from: drlukacs on December 09, 2019, 07:35:12 AM

Quote from: BuNga_cute on December 04, 2019, 02:09:14 PM

I think because libra is a stable coin with a price of $ 1, it cannot be used for trading. Then I include people which is not active
on facebook, then there is no reason for me to use libra coin. In my opinion libra will be very useful for Facebook ads users, they
will be easy to make payments if using libra coin. So libra will be better if used as a digital currency, because the price is stable.

This is a strong point of Libra coin, but do you think that after a period of good operation, will they become more expanded and become an uncontrollable empire? listen, this is entirely possible. because the US government doesn't have the right to know everything Libra does outside of the crypto market. they may manipulate or do many things that are not recorded in an account. Security is important, and while it may cause US GDP to skyrocket, the danger in the future is preventable. What do you think about my thoughts?

I really don't think so as it is hard to judge at the moment as this not yet launch and we really don't know yet what it is capable of, Libra is good in a sense that it can really promote crypto to the masses, adoption wise yes it is but when it comes to the point wherein you want to invest in it, then it is not good to invest at actually as this is a stable coin.

I don't think i would used facebook Libra because it is centralized that it could be the same as fiat currency, but the only difference is it is a digital currency that are good in online transaction, that is why it is just better if i will used fiat currency rather than Libra coin because it is still the same. It is also the reason why a lot of crypto users has doubts in launching this coin because it can't be that good as other cryptocurrencies today.

Edraket31

hero member

Activity: 1190

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Quote from: drlukacs on December 09, 2019, 07:35:12 AM

Quote from: BuNga_cute on December 04, 2019, 02:09:14 PM

I think because libra is a stable coin with a price of $ 1, it cannot be used for trading. Then I include people which is not active
on facebook, then there is no reason for me to use libra coin. In my opinion libra will be very useful for Facebook ads users, they
will be easy to make payments if using libra coin. So libra will be better if used as a digital currency, because the price is stable.

This is a strong point of Libra coin, but do you think that after a period of good operation, will they become more expanded and become an uncontrollable empire? listen, this is entirely possible. because the US government doesn't have the right to know everything Libra does outside of the crypto market. they may manipulate or do many things that are not recorded in an account. Security is important, and while it may cause US GDP to skyrocket, the danger in the future is preventable. What do you think about my thoughts?

I really don't think so as it is hard to judge at the moment as this not yet launch and we really don't know yet what it is capable of, Libra is good in a sense that it can really promote crypto to the masses, adoption wise yes it is but when it comes to the point wherein you want to invest in it, then it is not good to invest at actually as this is a stable coin.

drlukacs

sr. member

Activity: 854

Merit: 253

l0tt0.com

Quote from: BuNga_cute on December 04, 2019, 02:09:14 PM

I think because libra is a stable coin with a price of $ 1, it cannot be used for trading. Then I include people which is not active
on facebook, then there is no reason for me to use libra coin. In my opinion libra will be very useful for Facebook ads users, they
will be easy to make payments if using libra coin. So libra will be better if used as a digital currency, because the price is stable.

This is a strong point of Libra coin, but do you think that after a period of good operation, will they become more expanded and become an uncontrollable empire? listen, this is entirely possible. because the US government doesn't have the right to know everything Libra does outside of the crypto market. they may manipulate or do many things that are not recorded in an account. Security is important, and while it may cause US GDP to skyrocket, the danger in the future is preventable. What do you think about my thoughts?

drlukacs

sr. member

Activity: 854

Merit: 253

l0tt0.com

Quote from: monineklutak on December 07, 2019, 07:21:04 AM

Quote from: stiffbud on December 06, 2019, 11:52:56 PM

Quote from: loafof on November 10, 2019, 11:58:01 PM

With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.

Would the people actually use Libra should it be approved by the congress?

This is the biggest concern of the United States of America as Facebook is the biggest social media company in the world and if it has its own currency then maybe it will get a monopoly in the digital payments system and this is the main fear that the feds are having, thus they want the Facebook Libra project dead.

And with the Facebook's anti trust lawsuit going on this will surely be a problem for them to launch Libra.

the United States government is currently not open to crypto currencies, let alone Facebook is in the united states,
of course this makes it difficult for them to launch LIBRA, and many partners have also left this project, hopefully LIBRA is fine

The problem here is not that governments ban cryptocurrencies, it is important that the government does not want to let Libra be a much active in the crypto market. it will have a lot of negative impact on the US economy even if the Facebook company makes a lot of profits from serving more than billions of its customers. What they are concerned about is how Libra works and how to prove that these systems can provide the most accurate information for the government. The US government is always wary of such businesses, because when they cannot control one business, other financial businesses will also look to the crypto market and money laundering!

drlukacs

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l0tt0.com

Quote from: loafof on November 10, 2019, 11:58:01 PM

With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.

Would the people actually use Libra should it be approved by the congress?

In my opinion, they should not accept Libra to function normally. You know, governments are unable to control the crypto market so the SEC has allowed the market to operate freely and without interference. So if a bad case happens, a Facebook business seeks money laundering and tax evasion, who will be responsible for that? Therefore, we need to be very careful with such a huge business, which can have a great impact on the US economy in the future.

Sithara007

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Leading Crypto Sports Betting & Casino Platform

Quote from: NathanJB on December 06, 2019, 11:28:30 PM

Quote from: Sithara007 on December 06, 2019, 10:48:31 PM

Quote from: cotton ball on December 06, 2019, 12:42:30 PM

We can't said libra is not as volatile and decentralized assets because we don't know what will happen with libra when listing to public, become decentralized assets or only investment way without have connecting with crypto world, wait and see is better to know what will happen with Libra coin but I will get chance if Libra listing to public and invest little there.

As of now it looks like the plans for Libra have been put on cold storage by Mark Zuckerberg and David Marcus. During his last press meeting, Zuckerberg was saying that he'll go ahead with Libra only of he is given the necessary permission by all the regulatory authorities within the United States. From his body language, it looked as if he was hoping that the Americans would delay giving the permits. He is looking for a way out of this, but his ego doesn't permit him to admit the truth. This is what happens when someone bite off more than he can chew.

This is not really a case of biting off more than he could chew. This is a case of a rich and brilliant man, someone who has created an air of authority within him, having a hard time accepting that he is defeated. This is both good and bad in a way because this is also persistence on what you really wish to accomplish but at the same time this could also be construed as plain stubborn attitude. The game is still 50/50 at least if he wishes to keep it until the right time.

Ideally, he could have partnered with some of the existing players in the Cryptocurrency market and rolled out his coin (Libra). But he was arrogant and he refused to give any credit to the existing players. He refused to even acknowledge that he was stealing the idea from Satoshi Nakamoto. He has been given a taste of his own medicine by the US lawmakers and I am happy about that. Next time, I hope he gives credit to the inventor of the original idea, before he steals it and uses it for his own benefit.

STT

legendary

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Problem here is the deficit fiscal budget of not just USA but most western countries now. Its rare to find a country running a surplus fiscal budget or even close to balanced, the exception would be countries where their debt or bond market has collapsed and they have limited access to open market funds so they are obliged by reality to spend only feasible costs mostly.
The reason thats got to do with Libra is that the bond market is funded by issuance of national currency which is related to revenue and widespread usage. A company with a billion customers that starts to use something else has no small footprints or gently gently approach. Its going to setting off a few red alerts for countries which are billions or trillions into debt each year and politically they cannot trim their budgets without rioting populations. This a problem even in countries without democracy and its definitely enough to put a government out of office in any elections if they cannot continue the gravy train of cheap money, its a dilemma ongoing.

monineklutak

sr. member

Activity: 1890

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Quote from: stiffbud on December 06, 2019, 11:52:56 PM

Quote from: loafof on November 10, 2019, 11:58:01 PM

With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.

Would the people actually use Libra should it be approved by the congress?

This is the biggest concern of the United States of America as Facebook is the biggest social media company in the world and if it has its own currency then maybe it will get a monopoly in the digital payments system and this is the main fear that the feds are having, thus they want the Facebook Libra project dead.

And with the Facebook's anti trust lawsuit going on this will surely be a problem for them to launch Libra.

the United States government is currently not open to crypto currencies, let alone Facebook is in the united states,
of course this makes it difficult for them to launch LIBRA, and many partners have also left this project, hopefully LIBRA is fine

stiffbud

hero member

Activity: 980

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Quote from: loafof on November 10, 2019, 11:58:01 PM

With so many controversies arising from this tech giant's ambitious actions, we never truly asked the most important question.

Would the people actually use Libra should it be approved by the congress?

This is the biggest concern of the United States of America as Facebook is the biggest social media company in the world and if it has its own currency then maybe it will get a monopoly in the digital payments system and this is the main fear that the feds are having, thus they want the Facebook Libra project dead.

And with the Facebook's anti trust lawsuit going on this will surely be a problem for them to launch Libra.

NathanJB

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Activity: 756

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Quote from: Sithara007 on December 06, 2019, 10:48:31 PM

Quote from: cotton ball on December 06, 2019, 12:42:30 PM

We can't said libra is not as volatile and decentralized assets because we don't know what will happen with libra when listing to public, become decentralized assets or only investment way without have connecting with crypto world, wait and see is better to know what will happen with Libra coin but I will get chance if Libra listing to public and invest little there.

As of now it looks like the plans for Libra have been put on cold storage by Mark Zuckerberg and David Marcus. During his last press meeting, Zuckerberg was saying that he'll go ahead with Libra only of he is given the necessary permission by all the regulatory authorities within the United States. From his body language, it looked as if he was hoping that the Americans would delay giving the permits. He is looking for a way out of this, but his ego doesn't permit him to admit the truth. This is what happens when someone bite off more than he can chew.

This is not really a case of biting off more than he could chew. This is a case of a rich and brilliant man, someone who has created an air of authority within him, having a hard time accepting that he is defeated. This is both good and bad in a way because this is also persistence on what you really wish to accomplish but at the same time this could also be construed as plain stubborn attitude. The game is still 50/50 at least if he wishes to keep it until the right time.

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

Quote from: cotton ball on December 06, 2019, 12:42:30 PM

We can't said libra is not as volatile and decentralized assets because we don't know what will happen with libra when listing to public, become decentralized assets or only investment way without have connecting with crypto world, wait and see is better to know what will happen with Libra coin but I will get chance if Libra listing to public and invest little there.

As of now it looks like the plans for Libra have been put on cold storage by Mark Zuckerberg and David Marcus. During his last press meeting, Zuckerberg was saying that he'll go ahead with Libra only of he is given the necessary permission by all the regulatory authorities within the United States. From his body language, it looked as if he was hoping that the Americans would delay giving the permits. He is looking for a way out of this, but his ego doesn't permit him to admit the truth. This is what happens when someone bite off more than he can chew.

cotton ball

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Quote from: drachman on December 06, 2019, 09:44:16 PM

Quote from: Sithara007 on November 30, 2019, 12:17:03 AM

Quote from: drachman on November 29, 2019, 08:22:46 PM

While at this point it should be obvious that the Libra project is never going to be released you are really underestimating the power that Facebook has, I'm pretty sure that the billions of people that are using Facebook every single day will have no problem using the Libra coin and adopting it just because Facebook is behind it, that is precisely the reason why governments refused to support the Libra project because they thought it was a legitimate threat to their power.

If Facebook want to go ahead with the Libra project, then no one can stop them from doing that. But some of the recent statements from Mark Zuckerberg and David Marcus are creating doubt in the minds of those who intended to use this currency. Zuckerberg leaped in to cryptocurrency market without studying the market in detail. He wanted to use the hype surrounding the cryptocurrency to prop up Facebook. But things turned out to be more difficult than what he expected. I have a feeling that right now he is looking for a honorable exit from this project.

Their efforts have been in fact stopped and it was so easy that is laughable, many do not consider the decentralization of bitcoin as essential but if it was not for it then governments could have shutdown bitcoin whenever they want it, decentralization is what it is protecting bitcoin and it is the main weak point of Facebook, it does not matter that it is one of the most powerful companies around the world, all its power is centralized in a few people and they can be easily intimidated or bribed if needed.

Did you trusted with Libra coin become profitable after launching to public? will available Libra get legal access from United State where hate with crypto world and have negative side with Libra, maybe we only wait and see at the next year what happen with Libra coin become profitable and keep launching to public or not before investing with Libra coin.

drachman

sr. member

Activity: 756

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Quote from: Sithara007 on November 30, 2019, 12:17:03 AM

Quote from: drachman on November 29, 2019, 08:22:46 PM

While at this point it should be obvious that the Libra project is never going to be released you are really underestimating the power that Facebook has, I'm pretty sure that the billions of people that are using Facebook every single day will have no problem using the Libra coin and adopting it just because Facebook is behind it, that is precisely the reason why governments refused to support the Libra project because they thought it was a legitimate threat to their power.

If Facebook want to go ahead with the Libra project, then no one can stop them from doing that. But some of the recent statements from Mark Zuckerberg and David Marcus are creating doubt in the minds of those who intended to use this currency. Zuckerberg leaped in to cryptocurrency market without studying the market in detail. He wanted to use the hype surrounding the cryptocurrency to prop up Facebook. But things turned out to be more difficult than what he expected. I have a feeling that right now he is looking for a honorable exit from this project.

Their efforts have been in fact stopped and it was so easy that is laughable, many do not consider the decentralization of bitcoin as essential but if it was not for it then governments could have shutdown bitcoin whenever they want it, decentralization is what it is protecting bitcoin and it is the main weak point of Facebook, it does not matter that it is one of the most powerful companies around the world, all its power is centralized in a few people and they can be easily intimidated or bribed if needed.

Topic: Would you use FB's Libra? - page 2. (Read 2424 times)