Would you use FB's Libra? - page 8. | Bitcointalksearch.org

tambok

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Quote from: Oilacris on November 16, 2019, 05:37:47 PM

Quote from: bitbunnny on November 16, 2019, 02:40:03 PM

I'm not in favour of Libra and I would not use it. I don't think it will be successful or profitable, it's just very promoted as a successful project but in reality I think that is far from the truth. Just because Facebook is successful and has a lot of users that doesn't mean that the Libra will go the same way.

Accept it or not it would be mostly used by those people who are fan on using up the platform and when libra is successfully launched then for sure it would be integrated
into the system and would be used into its platform itself.It would either add it up as an option or just make it as a main coin to be used and removing those traditional
payment system.Next would be on other services but its not totally different comparing to a stable coin or e-currency.

It's their advantage that they can encourage people as they are from the leading social media in the world, but we can't deny the fact that for those experts in cryptocurrency, they found it uninteresting and has no real use case as this is just for stable coin, this is just for their own will and interest and nothing good for the investors at all.

Oilacris

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Quote from: bitbunnny on November 16, 2019, 02:40:03 PM

I'm not in favour of Libra and I would not use it. I don't think it will be successful or profitable, it's just very promoted as a successful project but in reality I think that is far from the truth. Just because Facebook is successful and has a lot of users that doesn't mean that the Libra will go the same way.

Accept it or not it would be mostly used by those people who are fan on using up the platform and when libra is successfully launched then for sure it would be integrated
into the system and would be used into its platform itself.It would either add it up as an option or just make it as a main coin to be used and removing those traditional
payment system.Next would be on other services but its not totally different comparing to a stable coin or e-currency.

Bitcoin_bullish

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I don't think there is a debate here for me at least. I'm not using facebook, never did and always cleaning up my pc if I accidentally redirect into their site.

Staying as far as possible from facebook and their coin.

bitbunnny

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I'm not in favour of Libra and I would not use it. I don't think it will be successful or profitable, it's just very promoted as a successful project but in reality I think that is far from the truth. Just because Facebook is successful and has a lot of users that doesn't mean that the Libra will go the same way.

AicecreaME

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Quote from: Yaunfitda on November 11, 2019, 01:38:50 AM

We can never really tell at this point.

We haven't seen the full working project as of today, everything is based on the surface so we don't know if people around the world are going to actually used it. So it is still 50/50, and we all know that Facebook doesn't have a good track record as far as data privacy is, remember the Cambridge Analytica debacle?

So its early, we need the product to roll out first and see if there is a demand for it or if people around the globe will actually see, another drawback is that it could be a honey pot for surveillance specially those three letters agencies, if you know what I mean.

Very well said. We cannot give our accurate answer about OP's question because of this reasons that you have mentioned, that is a precaution to all of the cryptocurrency users around the globe to avoid our random decisions back firing at us. On the contrary, there is no reason for someone to hold back if this Libra coin is really worthy of our trust in the long run, who knows, we just have to wait and see

ohyeahhaha122

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Yes, of course, because when it can be used, it's like a breakthrough for cryptocurrencies, Facebook, a social networking site with billions of users, will know about cryptocurrencies, and will make cryptocurrencies grows rapidly

Bohxz M4p4gm4h4l25

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Quote from: loafof on November 11, 2019, 12:58:01 AM

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'm personally in favor of Libra because it adds value to crypto as a whole because it can drive more popularity in crypto though it's already popular. However, I won't certainly use it because it's centralized, stable, and controlled by institutions making it function just like a bank but the system works through the Blockchain technology. My bias is still with Bitcoin IMO.

DabsPoorVersion

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Quote from: Kevondo on November 15, 2019, 05:52:47 AM

Quote from: Oilacris on November 14, 2019, 11:28:43 AM

Quote from: Hamphser on November 14, 2019, 11:12:43 AM

Quote from: EdvinZ on November 14, 2019, 02:09:24 AM

Facebook launched Facebook Pay and I think this is preparation for the launch of Libra. I think people will enjoy using both of these services, as shopping through apps, sending money to each other and many other features that Facebook provides are very convenient. However, the future is more for Libra, because this payment system will be based on cryptography, which makes it extremely convenient.

Convenient, only if people choose to use facebook, other than that i think it would be useless in another platform. Though they have Libra coins which i think can be used as a crypto asset but that's just it. Nonetheless, it might as well just the same in any other cryptocurrency that would turn into a stable coin.

No doubt for this one to be a stable coin yet it had been mentioned earlier about this matter.I don't see any relevance for this coin to be used outside apart from facebook itself.

So simply means that this one can be only used up in the platform but who knows if they do have those plans for it to be widespread on various services?

Logically, it should be used within Facebook dealings but let us just suppose that if Mark makes some sort of contracts with other big companies or even government to allow his crypto coin used as a medium for exchange, Libra will gain more power than it should possess. If he becomes determine to make Libra working out of Facebook world, he will definitely find some way.

It is expected that it will be used on Facebook, but who knows how far it can spread its used once it was launched successfully.
If the government will allow it, then Mark Zukerberg can actually make progress on it. Partnership with big companies and implementing development on it will be a piece of cake for them.

SquallLeonhart

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Thinking about how they could actually turn this into a multi-billion dollar bank type of system it would be unbelievable to have it. I don't get why crypto people do not like facebook and why they want to keep decentralized currencies pure without having any centralized versions.

Think about it guys, nobody is touching your bitcoin, you can still use your bitcoins and ethereums and so forth but if you have cash on the other hand, dollars and euros and what not which means compared to banks facebook is still better, banks are the ones who pay politicians and get away with things, facebook is the one that is summoned to congress and had troubles.

So, as you can see it would be WAY BETTER to have facebook as my bank then bank of america or JP Morgan and what not, this doesn't mean facebook is good, facebook is still evil, but they are certainly much better than those horrible banks.

CryptoBry

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Quote from: Yaunfitda on November 11, 2019, 01:38:50 AM

We can never really tell at this point. We haven't seen the full working project as of today, everything is based on the surface so we don't know if people around the world are going to actually used it. So it is still 50/50, and we all know that Facebook doesn't have a good track record as far as data privacy is, remember the Cambridge Analytica debacle?
So its early, we need the product to roll out first and see if there is a demand for it or if people around the globe will actually see, another drawback is that it could be a honey pot for surveillance specially those three letters agencies, if you know what I mean.

All we are hearing and seeing today on Facebook's Libra coin are all based on speculations and impressions. Once the real product is already on the full swing then that can be the best time to evaluate Libra if we can really use it and for what purpose. I am seeing that since this is another stablecoin then traders can be using this just like they are using USDT and of course we can use it in transacting business with Facebook and its other controlled social media platforms. Libra is also eyeing the expanding global remittance market but this can be an uphill battle to dominate this market. I am not really a big fan of Libra but on a personal level I am not threatened and against of it. So let it come, baby!

stepwilli

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Quote from: loafof on November 11, 2019, 12:58:01 AM

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 can't decide now whether I am going to make use of it or not because it has not been released yet. The Libra project is facing a lot of challenges now and no one is sure as to whether it's going to eat released or not. I even heard from some people that Facebook is dropping the Libra project soon and some claimed that Zuckerberg said it himself.

But, the Libra project would be really good from the way I see it, so if it should get released and I see a lot of platforms adopting it, then I'm going for it. eBay and PayPal has already dropped out from the association and some people are feeling discouraged about it. Let's wait and see how it's going to turn out to be in 2020.

ChrisPop

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No, I wouldn't use it because I don't want a tech giant to spy on all my transactions. Especially if Libra is going to be only available inside the Facebook infrastructure. Nevertheless I wouldn't feel comfortable using a currency created by someone who's been implied in personal data leak scandals. I believe that the right to privacy is not evaluated well by the society and we should put a higher price on it. We literally give our name and phone just to get a measly discount for a product..

veleten

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so there will be soon no point in discussing this at all
with every day that passes this coin is more and more unlikely to launch:
at least six members of the consortium are out already and more to come it seems , PayPal, eBay, Visa and Mastercard were the first to jump the ship
and without their support it is not going to happen for sure , since the central bankers see the threat and would not allow it
to me it seems that Facebook thought they would strike a deal and try to become one of the privileged , but something went wrong
most likely that the shadow governments and central banksters simply do not want any competition and any attempt to become one of them by some upstart is destined to fail

Kevondo

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Quote from: Oilacris on November 14, 2019, 11:28:43 AM

Quote from: Hamphser on November 14, 2019, 11:12:43 AM

Quote from: EdvinZ on November 14, 2019, 02:09:24 AM

Facebook launched Facebook Pay and I think this is preparation for the launch of Libra. I think people will enjoy using both of these services, as shopping through apps, sending money to each other and many other features that Facebook provides are very convenient. However, the future is more for Libra, because this payment system will be based on cryptography, which makes it extremely convenient.

Convenient, only if people choose to use facebook, other than that i think it would be useless in another platform. Though they have Libra coins which i think can be used as a crypto asset but that's just it. Nonetheless, it might as well just the same in any other cryptocurrency that would turn into a stable coin.

No doubt for this one to be a stable coin yet it had been mentioned earlier about this matter.I don't see any relevance for this coin to be used outside apart from facebook itself.

So simply means that this one can be only used up in the platform but who knows if they do have those plans for it to be widespread on various services?

Logically, it should be used within Facebook dealings but let us just suppose that if Mark makes some sort of contracts with other big companies or even government to allow his crypto coin used as a medium for exchange, Libra will gain more power than it should possess. If he becomes determine to make Libra working out of Facebook world, he will definitely find some way.

suzanne5223

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Quote from: Ayiranorea on November 15, 2019, 12:45:00 AM

Quote from: NathanJB on November 14, 2019, 08:52:32 PM

Quote from: suzanne5223 on November 14, 2019, 07:46:38 PM

Quote from: dimox on November 14, 2019, 07:27:45 PM

how about libra? it depend how much they have advantages for our pocket. if give a lot of than other coin, im sire people will trade it

The last time I checked Libra don't have much advantages for people's and the crypto community pocket because it going to be a centralized coin pegged to some national currency and we still don't know if the coin will be implemented due to the stance of some government against the coin creation.
There's no point in using it since we already have more than enough coins in the market already.

There is no advantage to your pocket if you are thinking of gaining from it. Libra is a stablecoin, which means it does not grow in value over time. Again, it is not for trading because it is a stablecoin. It is pointless to trade a coin whose price does not even move up and down.

It is somehow centralized, which is not most crypto fans' cup of tea. The utility of Libra however is largely different from many of our existing coins because it is somehow attached to already established services offered by Facebook and its partners.

Maybe it won't be the crypto fans cup of tea, but surely it'll have its own value. Also Facebook will surely have unique plans to make it popular and get used in large scale. Also Facebook will surely have it to be used in trading though it is centralized. Maybe we've got more number of stablecoins, but something from a corporate who has studied every human through different surveys will stand strong.

Yes, something from corporate which are good in their profession will definitely stand strong which is the reason why some government are against the coin creation due to the fear of obsolete of national currency. But, I believe NathanJB somehow underestimated the Libra coin when he said the coin is not for trading when the team have already partner with some exchange site in other to make the coin listing fast and some people don't care about coin been centralized which why you still see some people which support the current centralized coin we have in the market.

Ayiranorea

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Quote from: NathanJB on November 14, 2019, 08:52:32 PM

Quote from: suzanne5223 on November 14, 2019, 07:46:38 PM

Quote from: dimox on November 14, 2019, 07:27:45 PM

how about libra? it depend how much they have advantages for our pocket. if give a lot of than other coin, im sire people will trade it

The last time I checked Libra don't have much advantages for people's and the crypto community pocket because it going to be a centralized coin pegged to some national currency and we still don't know if the coin will be implemented due to the stance of some government against the coin creation.
There's no point in using it since we already have more than enough coins in the market already.

There is no advantage to your pocket if you are thinking of gaining from it. Libra is a stablecoin, which means it does not grow in value over time. Again, it is not for trading because it is a stablecoin. It is pointless to trade a coin whose price does not even move up and down.

It is somehow centralized, which is not most crypto fans' cup of tea. The utility of Libra however is largely different from many of our existing coins because it is somehow attached to already established services offered by Facebook and its partners.

Maybe it won't be the crypto fans cup of tea, but surely it'll have its own value. Also Facebook will surely have unique plans to make it popular and get used in large scale. Also Facebook will surely have it to be used in trading though it is centralized. Maybe we've got more number of stablecoins, but something from a corporate who has studied every human through different surveys will stand strong.

drachman

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Quote from: loafof on November 11, 2019, 02:14:28 AM

They have over 2b registered users. It kinda worries me a little should they get a green light from the congress... to be absolutely honest with ya.

You do not really have to worry too much about it, Libra and Facebook have been losing partners since the project was revealed and this is not going to change, also no government is ever going to approve this project, and we know this because this is the reason bitcoin is a decentralized currency, there were attempts in the past to create a currency by private entities and all of those attempts ended in failure and the Libra project is not going to be an exception to this.

NathanJB

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Quote from: suzanne5223 on November 14, 2019, 07:46:38 PM

Quote from: dimox on November 14, 2019, 07:27:45 PM

how about libra? it depend how much they have advantages for our pocket. if give a lot of than other coin, im sire people will trade it

The last time I checked Libra don't have much advantages for people's and the crypto community pocket because it going to be a centralized coin pegged to some national currency and we still don't know if the coin will be implemented due to the stance of some government against the coin creation.
There's no point in using it since we already have more than enough coins in the market already.

There is no advantage to your pocket if you are thinking of gaining from it. Libra is a stablecoin, which means it does not grow in value over time. Again, it is not for trading because it is a stablecoin. It is pointless to trade a coin whose price does not even move up and down.

It is somehow centralized, which is not most crypto fans' cup of tea. The utility of Libra however is largely different from many of our existing coins because it is somehow attached to already established services offered by Facebook and its partners.

suzanne5223

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Quote from: dimox on November 14, 2019, 07:27:45 PM

how about libra? it depend how much they have advantages for our pocket. if give a lot of than other coin, im sire people will trade it

The last time I checked Libra don't have much advantages for people's and the crypto community pocket because it going to be a centralized coin pegged to some national currency and we still don't know if the coin will be implemented due to the stance of some government against the coin creation.
There's no point in using it since we already have more than enough coins in the market already.

dimox

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mostly people dont use any crypto, i mean they not use that coin in real world, and maybe they just 'have' and than when they need money, sell it. so, we are not really fully use all of crypto service.
how about libra? it depend how much they have advantages for our pocket. if give a lot of than other coin, im sire people will trade it

Topic: Would you use FB's Libra? - page 8. (Read 2376 times)