Bitcoin Forum

Ive read conflicting news concerning the upcoming facebook coin.  Ive read the project was called Libra and ive also read that the coin will be called Libra. Ive also read that the coin is going to be called globalcoin but there is already a globalcoin (GBC) created in 2012.  Wonder what the algo is going to be fore their new coin (whatever its name is) and is it going to be minable by GPU, CPU and Asic? 

Everything has yet to be revealed in detail. But many people are still very eager and ready to buy money to buy Globalcoin's token. This is really a potential token and it will stir up the market with extremely large market capitalization.
Their team dev will definitely be very good and it will produce great technology solutions in the future.

Can you link that globalcoin that was created on 2012? I can't find that coin.

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Global coin will be the name and Libra is the name of the project that was formed to built the coin.

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I don't think there will be such algo because it will be a stable coin.

To be honest, I still cannot believe Facebook is issuing its own digital currency until an official statement of the social media giant comes by. But I do not mean that I do not have trust in cryptocurrency. I am a strong supporter of cryptocurrency. But regarding a coin to be launched by Facebook, I still have doubt. If this happens, it will do miracle.

I doubt that it can be mined. Most likely it can only be bought as a Ripple. Read the latest news that many companies have invested in the coin: Paypal, Visa, Mastercard, etc.

Someone will hear me and hear that facebook will have a crypto project so I can say it's nice to hear and I'm sure that investors will spoil to buy facebook coin and sure if it's going to be great.

I also read a lot of different news about the Facebook coin. I have a lot of questions about this coin. The creation of this coin is a great event for cryptocurrency, although I am not a Facebook fan. We can only wait for the developers to give us the answers to our questions.

When Facebook is finally ready, maybe they will release a whitepaper or Memorandum to the public, we should speak with authority after then, till then, the speculation continues.

No valid source for this news, i try to find official statement from facebook but i can't find anything. Facebook coin just hype on media and bitcointalk forum.

Here many people says the coin name is GLOBALCOIN. But on few media, call fb coin as LIBRA coin.

Looks like it's he biggest revelation of the year in Cryptocurrencies. We're all waiting I KY reading athat various companies have invested in it and still we don't have details on what's about. Of course, there will be mad rush for it resulting in higher price. Let's wait and see when it will come out.

2019 going to be revoulution of crypto and with facebook bringing their own coin will make it true!best year for crypto and also facebooks more news will push bitcoin to 1ok usd pretty soon.

If this is unavoidable I think before they launch it. They should educate first the millions of Facebook users with proper guidelines as much as possible impose a limitations. Since Facebook is the most popular social media, expect that there are also many opportunist. To prevent anomaly and negative views about this they must first have strong security.

Maybe we need to give Mark Zukerberg and Facebook inc. sometime before they come up with the clear explanation. The project as speculated is expected to commence in early 2020. Hopefully, before the beginning of next year, am sure there would be a clear roadmap for most of us who are interested in this great initiative by Facebook.

I don't think it will be minable, in my opinion i think it's going to be a crypto cash alternative or a stable coin. But more than that i will laugh at the idea of privacy or pseudo-anonymity of this kind of coin for obvious reasons. There is NO way for you to use this kind of coin and not link it with your facebook account. No matter what the name turns out to be, what people want to know is how it will work or be used

The facebook team has stated if they will be releasing the whitepaper as soon as possible and i think before the launch of its crypto. The team said two months from now we will see all of the detail for facebook coin that called libra coin. But i just stay with my HNC

Facebook's currency is a stablecoin, and I think it won't be able to be mined and exchanged.

I agree, Facebook is already doing well as it is.

if all with Facebook will develop their coin, hopefully it will be very helpful and useful for everyone, especially the bounties who will definitely help it at the earliest, which is clear if there is a Facebook coin, it becomes even more crowded for the cryptocurrency world even though at the beginning of 2018 Facebook has prohibit crypto from being spread on the page.

don't know where you guys keep getting this news from and because I can't confirm it from any good source I find it difficult to believe until there is an official announcement by the company. I also suggest that you do the same than speculating

No official statement yet that is really coming from Mark Zucker but there are users already saying its a stablecoin. I think it was tue finance executive that provides the statement where it only resulted to more questions. If it cqn be mined, a lot of us will probably be buying GPUs soon. It will be valueable but I don't think it shall be something we could mine.

All is not final yet and they can change their name as long as it is still not in the market. The question here is not just about the name, but I think its more on what kind of services their offer. Facebook coin already works with uber i think, so it can be used for riding the uber.

It seems to me that the coin from Facebook will work on the Proof-of-Stake consensus algorithm. And, of course, it will actively bargain on the exchanges.

it will definitely happen, where they not only make their coins for their community too. their crypto trade will be the one awaited by this market. we will welcome them warmly.

There are different rumors about its launch, i was reading an article yesterday that stated that fb will be launching its crypto coin today, im not sure if the news is right or not. One thing is for sure that it is going to be stablecoin backed by fiat plus it will also put positive effect on crypto market as general public will be interested and attracted to crypto after fb coin.

It has been announced that the name of the coin will be 'Libra'.

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Facebook aims to shake up finance with its Libra cryptocurrency (https://www.cnet.com/news/facebook-aims-to-shake-up-finance-with-its-libra-cryptocurrency/)

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Facebook unveils global digital coin called Libra (https://www.ft.com/content/af6b1d48-90cc-11e9-aea1-2b1d33ac3271)

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But there's a counterpart of this news:
Halt Libra? US Lawmakers Call for Hearings on Facebook’s Crypto (https://www.coindesk.com/halt-libra-us-lawmakers-call-for-hearings-on-facebooks-crypto)

Yes, this is good news for the world of Crypto world, that Facebook Coin will be stable coin and its specifications have been announced yesterday, but the Coin launch is still unclear when, so let's wait and hope Facebook coin will bring to new Investors , so that it has a good effect on the price of Bitcoin later.

Yes its already announce Libra is a stable coin this will bring a big impact to the cryptoworld we already know that Facebook is the biggest and popular social media in the internet but if you search in this forum there already a coin that name Libra the question is will people patronize this facebook stable coin? Whats your opinion regarding this announcement?

Many investor want to join in this LibraCoin because the potential behind. Facebook have more 1 billions members and if 10% using Libra Coin, it will be big and can beat ethereum market cap.

FB is a big company and one of the most popular social media that currently operating.

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With billions of users, it has been powered up by those users and they already got investments with a minimum offer of $10M.

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My opinion about this Libra, it will only have value if most of the people will use it.

Facebook developers are very smart guys.  I think that they will have a strong enough project.  We need to believe in them and then we get the result.

Someone will hear Facebook's project coin and they will have a good roadmap so they know that investors are eager to buy a fb coin so it will be trending in different countries.

The news about Halting Libra was because there is no clear regulations to cryptocurrency.

Libra could be the reason why crypto could be a household name very soon but it may also be a double edge sword. Same thing they did in the past about banning crypto ads in facebook. Sooner when this Libra will turn bigger, they can also control where the market is going. They can design when the bullrun starts and when it ends.

yes, I hear to my uncle that facebook will create coins too, i hope it will become succesful

We already know why this was the case of a lot of projects having sold quite at a huge amount during ICO and eventually dumps to its real value on exchange. This also implies that there are a lot of shitty projects with so many not real keen at solving real world problems but mainly interested in making more money.

Indeed more projects became shitty at the end mate, and even though that upcoming Facebook coin it doesn't guarantee that it will sustain in the end. All I just hope for was a good outcome and I don't just rely on speculations and theoretical aspects, but I go only for real outcomes.

I hope the steps taken by Facebook can help increase the volume of cryptocurrency trading and regain public trust, especially with investors

You stick "crypto" or "bio" on something and you can literately sell any junk this days
Libra has nothing to do with crypto its a digital currency and designed as stable coin, buying it is like buying USD or Euro, inflationary, (losing value over time)

haven't you trusted it yet?
aren't they registered with Coinmarketcap
https://coinmarketcap.com/currencies/facebook-libra/
although actually I am also not convinced thoroughly but, is there maybe someone who carelessly carries the big name of Facebook committing fraud?

I heard some issues talking about Facebook faced many founder of companies do not accepted bitcoin created new coin, they will cancel every thing talking about libra or facebook coin, hope is not true.

i believe a lot of new money will coming to this crypto industries because of this new altcoins created by facebook
and of course will bring a positive impact to the others cryptocurrency especially bitcoin  ;)

here you have the most right answer ask expert blockchain

Believe It or Not some one reached CNBC channel and told them we need to warren people that it not crypto coin and save millions of people fr0mt huge trap and false hope...


and they did it

here is the link to the video..

https://www.youtube.com/watch?v=xQyrlVH9iys

he explain in other words that stable coins are HUGE SCAM all of them ... why

when you exchange any paper money eith other paper money like for example euro with dollars or euro to canadian dollar its not an investment they are stable...you will not profit **

the same with stable coins when you exchange your dollar or any other paper money for stable crypto coin there is not profit its not growing and nothing its pure scam that suck money in it,

in other words if it paper money or crypto money and its not growing and their is no profit its the same shit nothing special, 

what special about real crypto peer to peer coin without middle man

1. its hold value like diamond and gold and other expansive things and even million time better then any value hold because it grow * so deep who get it

2. when can buy with it compare to gold or diamonds or other things that hold value, can you go to shop and say take this diamond and i will take this object and give me the rest in money paper...here where the magic come * its hold value and as money...two important factors in the same point


now there is real stable coin peer to peer without any middle man and it works on self backed smart code and dont pegged to anything...

and its work like this

there is x amount of coins and in one point there is huge buy(demand for the coin) so the code produce more coins(print new coins) and visa versa when their is low buy and almost no body buy coin the code burn/destroy/reduce the total amount of coins and by this make stable real crypto coin

very simple no body need to be smart to understand this but

crypto pegged(backed) to crypto or paper money its pure scam , i dont want to get more deep i just fucking lazy but its scam because ,

the real crypto stable i explained above keep the price stable ,,,the other stable crypto coins are not crypto coins as you need middle man and its no peer to peer and other alot of factors that i dont get about but this is very good to understand.

and ask why we need scams like crypto stable coins pegged to paper money or pegged to other crypto when we have real crypto stable coin peer to peer that make the job?Huh its not weird Huh indeed because they scam our ass,

what the problem with stable REAL crypto coin that work on smart code which reduce or produce more coins relative to to buy and sell of the coin, the problem is that crypto have 2 important factors in one point

1. hold value
2. can be used to buy and exchange

g00d luck

Facebook is already having the needed hype and its libra coin will likely receive the necessary boost soon after its launch but my inference is that after a while it will become like a regular project just like other social tokens. Waiting for their public sale if any

I think Libra coin was legit for me, their website was already up. But for Globcoin, I still can not say. Because I still have not seen their website. But on Libra, they have a good insight on the project, but still waiting for some verification on some bigger users.

As you know Facebook launched its upcoming cryptocurrency whitepaper that is LIBRA and will come in 2020, i think will be boost crypto market.

Stablecoins are coming, Libra is one, so is JPMorgans coin and a shit ton of others, like
https://www.coindesk.com/switzerlands-six-stock-exchange-is-working-on-a-swiss-franc-stablecoin

What can be said of a stablecoin, well its stable.
For 1 Dollar worth of stablecoin someone gets a Dollar worth of xyz stablecoin minus transaction fee.
Changing it back someone will get 1 Dollar minus transaction fee.

Every large company will have its own stablecoin/token even celebs,

I know that there are lot of FB community waiting for this, and as far as I know their launch will be happen next year. So there are 6 months more to go dude to wait. And also we don't know for now if it is minable or not, because they're not giving any specification about their coin. Just all I know for sure is that FB coin surely 100% centralized based system, and I think for me if you are crypto enthusiast 100% there is an disadvantages when it happen.

No one can mine it, its a stable coin.  Its been said before. There ain't no sure yet how to earn this coin  but since its pegged in dollar, I guess you can just buy a dollar each. If we can earn it by continuing the use of facebook I would try to use facebook everyday :) Someone says, our data are going to act as fuel to make a transaction lol I don't know how that works.

There has been a lot of confusion about the upcoming Facebook coin. The confusion is centered on the rumours thats has been going around for months now. I think we should just keep calm and wait for the official announcement from the project itself. We should stop confusion on whether its globalcoin or Libra.

Well let us wait for their confirmation regarding on this, as I heard Libra is a stable coin, well if this true it will give a big impact on the crypto currency maybe the price of the crypto would soar high than the usual, I think this news is the most awaited in over the world, I'd like to buy this coin if it is true it was a good investment.

Facebook's new cryptocurrency "Libra" is bad news for Bitcoin.  Facebook will target the very market Bitcoin is counting on for growth, the unbanked in nations with high inflation.  Libra will be stable, and much easier and cheaper to use as a medium of exchange than Bitcoin.

many sources and news say that if Facebook issues its own digital currency it is very real and valid. right now we are just waiting for the explosion in the price of the coin and the position of the Facebook coin in the exchange if it will be released soon

I think they are preparing for Globalcoin and will have an official announcement soon. It seems that it will not be possible to buy because financial companies have invested in it first.

What you mean with "grow", as it is a stablecoin in terms of price it can not grow, its pegged to fiat.

It looks like this Facebook-launched coin won't be mining, because I'm sure Facebook wants to make this coin environmentally friendly.


Potential tokens? can you explain why you call it potential token? even the price of libra will not fluctuate high because this coin is stable and centralized.

Already the rumours about the global Libra coin has started and hit the market. The existence of the biggest social media crypto will definitely increase the awareness and popularity. Stable version is not bad idea and it will be pegged to top world currencies. 

there are some allegations about this facebook coin.. some blockchain experts say that facebook coin is a very expensive failure.. but hoping for the success of this coin ;D

I am not happy with the Facebook coin.  I do not know why even.  Maybe due to the fact that I am more tuned in to top coins and bitcoin than to him.  But all the same I think that everyone should be given a chance to open up.

A lot of information shima about this coin. I think this is not just so, and we should understand that this is a real project behind the creation of a coin.

Judging by the fact that now there is a very big boom of the  LIBRA project, Facebook is seriously prepared and cooperation with such financial giants as (Visa, Mastercard, Paypal) will lead this coin to great heights.  Let's see, over time there will be answers.

There have been many speculations about this coin, with many tech giants already showing interest with more to come. But one thing I don't think will be possible is the ability to mine it. This is because, if it is possible to be mined then many individuals would already start taking position and the news will be rampant nonetheless.
Time will tell how this coin will grow and what it will offer.

We know that Facebook will launch its own coin and do not know about what the Facebook project is for sure Facebook will have an effect on many people considering Facebook is a big company

There are lots of speculations elsewherr but one thing is for sure it will.be another.stablecoin with the fixed value that cannot be affected with its price value, people.nowadays are very eager to learn this coin, because they wanted to have it, no proper information how we can have it, since it will be launch next year, so its an everyday topic all over the forum.

The good news for the development of crypto is clear if Facebook has begun to wrestle too. but obviously there will be an influence on what bitcoin does, is the effect very large? this is clearly a question that is very uncertain. because bitcoin is synonymous with crypto, so it's not easy to shake bitcoin. need time and hard work for this.

Facebook coins is to be called LIBRA. The other names are not part of it. My worries is why don't we stick to the  established coins like Ether and Bitcoins alone , with every cooperation creating its coins, the market capitation will increase though but most coin price will be reduce.

How did they ever manage to get on the list in the first place

Facebook Removed from S&P List of 'Ethical' Companies
https://www.breitbart.com/tech/2019/06/21/facebook-removed-from-sp-list-of-ethical-companies/

the Libra coin would be famous in no time due to big name of facebook itself, also with supported by several big project whos already being partnered with facebook project.

It will be big revolution in cryptoworld.Libra coin may not took place of Bitcoin but it will be count in top 10 coins,Facebook coin will aware all the people who do not know about cryptocurrencies but connected with facebook community.
Globally cryptoworld community will increase rapidly and it will be beneficial for traders.

now the adoption of crypto from big names and companies would really push forward the interest of people about crypto. Facebook's crypto would certainly a good competition for the top cryptos in the market. It might even set standards on the cryptos to come.

I cannot understand why people are so hyped about Libra. Sure, it will probably introduce a lot of people to cryptocurrencies in general and that alone is great but the coin itself ... I don't know. With a corportation like Facebook behind it, it stands against everything that Bitcoin was created for.

I'm curious about Libra and I have no ideas what is it and now by this forum I have read some quotes that answer my curiousity, but whatever is it I think its good that there will be a facebook coin and maybe due to its popularity and usefullnes of the social media then this coin will hit and soar up higher.

Its a stablecoin, but unlike other stablecoins its pegged to a halve a dozen fiat currencies not just USD by the looks of things.
As it is a stablecoin, it is inflationary which means over long term its loosing value. Not to bad in first four years, but with ever BitCoin halving it gets progressively worse.  Existing stablecoins probably will disappear, other company's will follow Facebook , AppleCoin, AmazonCoin, ........

Libra is going to be a permissioned blockchain. No mining as I hear. There will be nodes that will validate the network. Dozens of them. And all of them are well known players - big corporations. 10M dollars stake to run a node.

ofc, facebook intends to capture some part of the cryptocurreny market in order to give all people acess to basic financial services.
btw,regards to this thread.i've found related article so u can read & figure out more.
here's a link.
https://finance.yahoo.com/news/facebook-inc-fb-wants-more-220415665.html

hey , everyone. recently i have found an interesting thread regarding this discussion. You can check it following the  link. (https://bitcointalk.org/index.php?topic=5155721.msg51512527#msg51512527)