Zuckerberg: we will exit from project Libra !!!!

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Quote from: counos coin on October 24, 2019, 05:53:43 AM

Zuckerberg: if legislators’ trust is not gained, we will exit from project Libra
CEO of Facebook in a hearing in front of the Congress said that Facebook is no longer in the position of project controller and the operation of Libra is independent.
What do you think about this?

I read about this news also yesterday and I thought that Facebook was stronger than this will all the initial noise they were making, and I want to think that it is nemesis that is catching up on them, because I remember vividly how they so much have issue with ico project to be advertised on their own platform too because they never believe in ico, and now that they need support also, they are not getting it just like other ico did not get support from them.

There is nothing that we can do if the government is giving them issue, it shows that they don’t have any usefulness to the government and the community that much, because it is not only the government that is giving them issue, but the community too that they are releasing the product to is also not very much in support of it.

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Quote from: counos coin on October 24, 2019, 05:53:43 AM

Zuckerberg: if legislators’ trust is not gained, we will exit from project Libra
CEO of Facebook in a hearing in front of the Congress said that Facebook is no longer in the position of project controller and the operation of Libra is independent.
What do you think about this?

So you really believe that he is going to do that? I've seen his speech and I don't see his intention of doing that, what I've seen is, he is trying very hard to convince legislators that he will do what he is being asked and he is trying to present Libra Coin as something that can Fix ‘Failing’ Financial System.
He is so good at doing this but I'm pretty sure he will do everything for them to agree on Libra coin to launch, he is good at lobbying.

Eugenar

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Quote from: counos coin on October 24, 2019, 05:53:43 AM

Zuckerberg: if legislators’ trust is not gained, we will exit from project Libra
CEO of Facebook in a hearing in front of the Congress said that Facebook is no longer in the position of project controller and the operation of Libra is independent.
What do you think about this?

I see it is not the exact words came out from Mark Zuckerberg, since I just recently watch the video in facebook. Mark Zuckerberg says that he will leave the project if they try to run without the approval of the congress or particularly, he's waiting for the go signal of the government. In that case, there's not much possibility that it can happen as congress is also studying and still filtering out how libra will be, if it will be launch.

yulionoo

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I think this is a way to get the Libra coins out of congressional oversight. so he said the Libra project was independent.
Libra coins have not been released but have experienced a lot of bad news ranging from rejection from the United States government, rejection from European countries and now most of the companies that support also choose to break away from the Libra project. if more refusal may occur, libra coins will not be released.

Febo

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Quote from: counos coin on October 24, 2019, 05:53:43 AM

Zuckerberg: if legislators’ trust is not gained, we will exit from project Libra
CEO of Facebook in a hearing in front of the Congress said that Facebook is no longer in the position of project controller and the operation of Libra is independent.
What do you think about this?

If Facebook leave project Libra there are 21 other partners that can step up and lead Libra to world domination. One company is not what makes Libra project killer of many shitcoins.

Doell

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Quote from: Wapfika on October 25, 2019, 05:14:28 AM

Quote from: glendall on October 24, 2019, 07:14:32 PM

I was very surprised by Zuckerberg's statement, but it was a wise decision, because however Zuckerberg carries the name Facebook, it is better to get out of the Libra project than to survive if it does not get permission from the legislator. because from the beginning Facebook was there before libra appeared.
But the next question, if Zuckerger leaves Libra and Libra becomes independent, will it still attract investors? this will be an interesting discussion.

I think the only thing that makes Libra known is because of Facebook, if not in Facebook and Zuckerberg's management it will only like othe ICO or other projects like what stablecoins are. I doubt it will get much attention if Zuckerberg will not support it or announced fully that his no longer related in Libra since many already know his in, will see if people,government and possible investors change mind about his statement.

conflict will make a setback for the Libra project ,you are right that a company as big Facebook becomes the main thing in investor confidence ,if Zuckerberg and his company leave then libra is only a dime and will be an ordinary altcoin just a funny story

aioc

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Quote from: counos coin on October 24, 2019, 05:53:43 AM

Zuckerberg: if legislators’ trust is not gained, we will exit from project Libra
CEO of Facebook in a hearing in front of the Congress said that Facebook is no longer in the position of project controller and the operation of Libra is independent.
What do you think about this?

I doubt if they are going to do that, they have a very long preparation for that and they spent money and resources to make this is a realization, as you can see in the hearing he emphasize that he will abide, on all rules about compliance and AML and verification to make sure that Libra coin is fully compliant, they really want to comply with all the rules.

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Quote from: counos coin on October 24, 2019, 05:53:43 AM

Zuckerberg: if legislators’ trust is not gained, we will exit from project Libra
CEO of Facebook in a hearing in front of the Congress said that Facebook is no longer in the position of project controller and the operation of Libra is independent.
What do you think about this?

This project is truly hyped, even the legislators in their country doubted it then how would they continue this project. It is not about how big this project was but it's about how people trust this one and not be like other projects that end up broken in the end.

Wapfika

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Quote from: glendall on October 24, 2019, 07:14:32 PM

I was very surprised by Zuckerberg's statement, but it was a wise decision, because however Zuckerberg carries the name Facebook, it is better to get out of the Libra project than to survive if it does not get permission from the legislator. because from the beginning Facebook was there before libra appeared.
But the next question, if Zuckerger leaves Libra and Libra becomes independent, will it still attract investors? this will be an interesting discussion.

I think the only thing that makes Libra known is because of Facebook, if not in Facebook and Zuckerberg's management it will only like othe ICO or other projects like what stablecoins are. I doubt it will get much attention if Zuckerberg will not support it or announced fully that his no longer related in Libra since many already know his in, will see if people,government and possible investors change mind about his statement.

Kotone

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He got a point. Why still continue if too many against their plan to do so. How can you waste a lot of effort on something many are truly against with. I hate to say it, but some funds will vaporized on thin air if Libra will not pursue, yes Mark is rich but this isn't a hobby that only will consume just a few cent of his money. If this is about politics then better to not affiliate his name and change ownership or someone not connected to facebook. Cause I guess that it's only political attack towards him.

Alisorena1993

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Quote from: kawetsriyanto on October 24, 2019, 06:55:37 PM

I think it's too easy for them to give up or exit. Why don't they make another plan to continue Libra project? I am still sure that they can continue the project if they are serious to contribute to crypto world. Facebook is a big company and Zuckerberg must be aware of it!

Anyway, they look unprepared with USA regulation. It is a big mistake for sure, I don't believe they are not ready with that.

I think Zuckerberg has a backup plan and this announcement is just bluff! they know crypto world and Libra would continue to grow. I personally think this might attract even more attention to it.

Kyraishi

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Quote from: counos coin on October 24, 2019, 05:53:43 AM

Zuckerberg: if legislators’ trust is not gained, we will exit from project Libra
CEO of Facebook in a hearing in front of the Congress said that Facebook is no longer in the position of project controller and the operation of Libra is independent.
What do you think about this?

I reckon it's just a bargining move. I don't think Facebook would ever abandon their project which they've spent several years and millions of dollars of, it's more a bluff and pressuring Congress to work with them.

If Libra did get taken over by the government, it's not that bad. There are already confirmed situations where countries are making their own crypto-currencies, and Libra's tech would easily help accelerate the process and I trust governments more than Facebook.

glendall

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I was very surprised by Zuckerberg's statement, but it was a wise decision, because however Zuckerberg carries the name Facebook, it is better to get out of the Libra project than to survive if it does not get permission from the legislator. because from the beginning Facebook was there before libra appeared.
But the next question, if Zuckerger leaves Libra and Libra becomes independent, will it still attract investors? this will be an interesting discussion.

boltz

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We don't know that for sure yet. He said that if regulators won't permit Libra to operate in USA , Facebook will be forced to leave the project but the other investors will continue to run it and operate in Swiss as there regulators know that the project will only bring prosperity. Its sad to see how USA want to control Zuckerberg and cryptocurrency instead of supporting him and the project as USA has a lot to gain from this...

kawetsriyanto

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I think it's too easy for them to give up or exit. Why don't they make another plan to continue Libra project? I am still sure that they can continue the project if they are serious to contribute to crypto world. Facebook is a big company and Zuckerberg must be aware of it!

Anyway, they look unprepared with USA regulation. It is a big mistake for sure, I don't believe they are not ready with that.

bigcash2011

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I think they should register themselves and be compliant with all the government regulations but they should not give up on libra coin as a project now because they have announced its launch in early 2020 so it does not make sense to abandon the project after coming so close.

kravas86

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I think it's just a competent move Mark Zuckerberg. If Facebook is not responsible for the Libra project it will protect itself from various sanctions from the government. But that's just my guess. I can't believe mark Zuckerberg would abandon such a promising project. Most likely he is looking for a good way out of this situation.

Alisorena1993

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Quote from: ashmodeus on October 24, 2019, 01:04:06 PM

really ? did Zuckerboy say like that ? where the source ?
the only what i can find about this news is "Even though the Libra Association is independent and we don’t control it, I want to be clear: Facebook will not be part of launching the libra payments system anywhere in the world until US regulators approve" .
but well, as long Facebook won't touch libra project , it is enough to make libra truly pure not directed by certain parties.

I'm very agree with that "not directed' part. the hole idea of cryptocurrency is UNCENTRALIZED the trading currency so if any government like USA want to have control on trades it means it's not true cryptocurrency . It's just another online currency like paypal USD.

ashmodeus

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really ? did Zuckerboy say like that ? where the source ?
the only what i can find about this news is "Even though the Libra Association is independent and we don’t control it, I want to be clear: Facebook will not be part of launching the libra payments system anywhere in the world until US regulators approve" .
but well, as long Facebook won't touch libra project , it is enough to make libra truly pure not directed by certain parties.

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Quote from: Pet240 on October 24, 2019, 07:31:24 AM

Quote from: counos coin on October 24, 2019, 05:53:43 AM

Zuckerberg: if legislators’ trust is not gained, we will exit from project Libra
CEO of Facebook in a hearing in front of the Congress said that Facebook is no longer in the position of project controller and the operation of Libra is independent.
What do you think about this?

Thus is quite interesting, but please, the source will be appreciated.
I am just thinking that if Facebook should opt out, then who are those that will remain in the team? Will they proceed with the project launch?
I guess those questions will get answers by year 2020, because this year itself is almost ending.

Yes, this question is very interesting. If Facebook does not formally have any relation to the Libra coin, then all the same, in fact, nothing will change. Everyone should understand this perfectly. The project Libra must be completely stopped. Zuckerberg’s words that Facebook will not have anything to do with Libra should not be taken seriously. We all understand that in the event of the release of this coin, virtually nothing will change.

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