Bitcoin Forum

Not just their wealth but their influence to the world.
I don't have anything about them and don't have plans of using or buying them once they launch.

Its too early for saying "boucott" lets just wait what will happen to Libra in 2020halving we all know the crazy reality that Facebook is the popular social media in the internet world.
I dont see any reason why we need to use this coin if we already have a Bitcoin.

If you think Libra coin can be more usable for you, then why you will boycott it? This is what we’re waiting for, the adoption is happening now and yet we are thinking negatively about that, if there’s no adoption then no progress in this market so i will not support this one. If you’re holding altcoins, then no reason for you to boycott Libra coin.

I understand your concerns Since Libra is somehow centralized, but I doubt if Facebook coin (Libra) will be against other cryptocurrencies.  No matter how we put it, Libra will foster adoption mainstream since many organizations will be involved and Facebook has a very vast number of users who if they adopt crypto, it's a plus for overall crypto market.

 As people above me said just never try to buy or use it and that's more than enough like boycott facebook coin. But I'm so funny to see how facebook was urged delayed the launch of the libra coin.
We have use that will prevent facebook to do that.
US with us right now.  ;D

I think it wouldn't go beyond that point, maybe they will play by the rules and if their coin failed, I think they would stop and do something else aside from making a new coin, it's either upgrading their app or things that are related to it. Now we can't really easily boycott something that is so famous and without prior reasons. especially facebook is a tool used by billion of users around the globe.

There is no need and boycott, in my opinion the pound project will show us how difficult it is to be centralized in a world that requires flexibility and decentralization. On the other as in the comment above, the facebook It has billions of users and this can warm the market by bringing the mass to the game we know as cryptocurrency.

What we have left is to sit back, relax and wait for the next results...

Don't be panic with the current situation. Why don't just monitor the progress of the coin firstly? We cannot judge the negative impacts of Libra while it seems to bring positive influence to the rise of Bitcoin value. Moreover, a call for boycott seems difficult to succeed. I doubt if it can impede the interest of millions of people to buy it.

Facebook's cryptocurrency is for a different set of users and it has its own unique use cases which won't necessarily overlap most Bitcoin or alternatives so there shouldn't be too much to worry about as it is bringing much needed mainstream awareness to the industry

Do we need it? I guess no. Facebook and the real cryptocurrency such as bitcoin have different function which mean if the facebook coin has been existed we will never see an affected to bitcoin especially negative affect. Just give them spreading up cryptocurrency until their user will be aware that facebook is not cryptocurrency and they will change their mind to bitcoin.

Yes!
People need to boycott Libra shitcoin to stop Facebook from abusing power. It has gone to far and facebook is now a global concern. We should not give greedy scammers any space. If we don't boycott it, Libra can get a bad shitcoin, worse as Ripple scam.
Show Libra scam a red card and boycott it. Libra is not real crypto, it's shitcoin.

Too early to tell while we already have speculation that Libra coin would be centralized which defeat the purpose of cryptocurrency. The news of Facebook having to launch their own coin might be the one reason also why we have this pump at the moment so this might also good to the overall welfare of the community but like you said too early to tell.

Yes, for sure
I'll not support this coin no matter what, I know I'm just a random guy, but I don't agree with facebook
I'll stand with BTC and some alts

We need not expect too much on new coins even though it was merely constituted to facebook. Popularity doesn't guarantee an assurance because it can be used against us, and probability of hype price could be possible. Speculative ideas begun to spread, it can be positive or negative but what is important is you're being defensive before worse cases may result to total disappointments.

what, are you really sure about what you said in this thread ??
i am not too update news about LIBRA project, i just heared it born and have official website and whitepaper with LIBRA coin.
if you said is true, we must stop it together, i don't want my crypto become something other.
i love cryptocurrency and let's we protect it together.

I don't think that we need to boycott it let's just wait and see how it would change the crypto industry.
We who have been in the crypto for a long time already know what we want and we doesn't really want those centralized shitcoin ,
Most of us wants freedom and doesn't want to be monitored so I think the only ones who would buy it are the newbie's or those who would use it to gain profit from trading a simple buy and sell purpose.

I don't think it's the opposite of BTC. Instead, people can use Facebook's Libra to expand the influence of BTC. From the initial BTC to the later alts. They are all forms of encryption. For Libra, we need to wait for confirmation of the final information. Everything is still under discussion.

yes, libra help crypto world growing faster
i believe all facebook users will know and learn about cryptocurrency especially bitcoin
people who ignoring crypto before this libra born, now they will learn about crypto because of this libra
thats very positive impact right ?

This could possibly happen but how are we going to boycott and stop it, they have the platform and community and of course products where they can use their own cryptocurrency, it will just be laid out to these platforms, so whether we like it or not, they are going to make an impact.

Really boycott? Did you know how huge user-base Facebook has? If all users in this forum will boycott the Libra coin Im telling you this will not affect this project, this company has a billion dollar funds that can be used to backup their own coin and launch a massive marketing campaign to present Libra coin all over the world, they have the machineries to make this project very successful for massive adoption.   

You are right about that at least and I've told that they have such influence. It's your choice whether to buy, use or keep their coin if ever it's already on the market. I don't think that they have massive marketing campaign for the coin because they are already large, they focused with the development by hiring different blockchain professionals.

I do not think it will be a wise idea to boycott any token, be it issued by Facebook or other. In democratic market, every token has rights to be introduced to the market.
I think Facebook's Libra token will have a good impact on the overall market of the crypto. Facebook's libra will do its work and other tokens do theirs.

I don't understand why do people like to boycott things? I mean to be organized, not freedom of choice of an individual. If you don't like Libra coin, you simply don't use it, and if many people don't use it, it will surely die by nature. Let the market decide whether this coin is useful or not, just like any other altcoin out there.

Why? Other cryptos are centrilized too. At least this one has the $ to back it up. Besides, competition is always good.

yes, I agree with you. all return to each person whether they want to buy or boycott. when Libra has entered the market we will see what the impact of this project will be. does this project have a positive impact on crypto, or is this coin a crypto killer. I personally still look around and have not made a decision whether to buy or otherwise. but if there are no problems, maybe I will try to buy.

Facebook like any other companies can do whatever that may benefit them. Many companies have come up with different ideas and cryptocoins and Facebook now is entering the crypto market in a huge way. The choice of using or not using the coin is a personal choice.

No, you can´t do nothing, you are so small. And why would you do it? Libra coin will bring almost all Facebook people to cryptocurrency sphere, this is the start of the crypto revolution. Website used by 2.38 billion monthly active users are going to create crypto, thats what we wished, or not?

well why aren't you boycotting XRP, ETH, BCH, BSV, ... and hundreds of other shitcoins that are fully centralized and in many cases are seriously against everything Satoshi stood for? we can't have double standards. we either stick to certain principles or we don't. we can't choose to ignore it in some cases because it gives us profit (thanks to their pumps) and magnify the same flaws in something else that doesn't!

I don't see any reason to boycott Facebook because its really going to an altcoin that will worth the investment of all and sundry in the crypto. I won't support any boycott because Facebook will bring in more investor and in a way encourage more adoption of cryptocurrency in the world.

Just ignore.

Since they officially announced the Libra coin, some major countries have already expressed their concern about the new coin. It appears that they have to use their wealth and influence to sway some people in the government and banks first.

ETH,BCH and BSV are not centralized to my knowledge.

Not really.If Facebook manages to bring in only 10% of it's user base into cryptocurrency that's a big achievement.Things just doesn't work like that.

Technically,Libra IS a cryptocurrency since by definition cryptocurrency just means a secure digital currency supported by a public ledger.

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In my opinion,Libra project is a good event to happen.Let me explain my self.Today,there's a lot of people who FEAR cryptocurrency simply because there was too much hacks, stolen coins, extreme volatility and people lost a lot of money,this is the COST of decentralization.For these people,it is a great thing to have a centralized cryptocurrency that is practical and less risky than others like XRP or Libra.

Well XRP is centralized and no one said anything about it, people are investing it , not that i support the Facebook coin or anything but if you think about it we can use it for our own advantage, with the Facebook having so many users and a large user base and it is a very well know company, and if the coin gets a bit of success other companies will do the same and that will lead to wide acceptance of crypto which is a good thing for us, you don't have to support it, just use it for your advantage.

I think it is too early to talk about boycott. Why not give it a try first

but it is not meant to do that at all. they will even discourage people to go into cryptocurrencies specially bitcoin even if it means spreading a lot of FUD. they have already done some small scale version of it when they made their announcement.

I admit that I have not yet carefully studied the pros and cons of Facebook's crypto project. If you haven't done the same, it is better to do it first before finally concluding that we should boycott the coin. In general, remember that Facebook, which has a lot of followers and supporters than haters, getting into the crypto phenomenon is a big advantage rather than not.  

No matter if we boycott it or not, there will be a massive user base for it.
Decentralization and privacy has its niche market share and we will continue to serve that.

Recently I've been seeing concerns about Libra, Facebook's cryptocurrency. I understand it's more centralized which literally doesn't suit the decentralized nature of crypto architectures, but we have to look at the good sides of Libra.  Libra is going to drive in massive crypto adoption, and that's what existing projects have failed to attain to a great scale.  Libra will draw in more and more people to crypto space increasing the overall market capitalization.  Libra is no challenge to Bitcoin as some people say because it's a stable coin,  and moreover Bitcoin remains the pace setter and king. 

It is not about having an affect or not on Libra. If all big crypto people and the crypto community doesn't like Libra and they all come against it saying how horrible it is and how risky it is and tell everyone the risks of Libra even with the huge user base of facebook they will have trouble, maybe they will still be fine but that would hurt their chances of becoming gigantic like they want to.

However, I still think we should not because the moment people get into Libra they will realize crypto ain't so bad and they will want to keep getting into further depths of crypto world and first step will be bitcoin. Anyone who uses libra and likes it will have a big chance of liking bitcoin too and buying some of it, that is why I think we should let it be whatever it wants so we can take advantage of its fame.

I don't think that if we boycott the facebook coin will stop them to continue the project because we know that Facebook has a big source that will help them to continue. I think we could let them finish the project and that will depend on people to choose to invest in their project or not because we cannot force people out there to stay away from the Facebook project.

Besides that, Facebook will do anything they can to make sure their project will continue with their plan, and they will use any strategy to do that. We cannot judge before they launch or release their coins at the market and let people decide later. I am sure people will know what they need to do related to the Facebook coin.

I dont really understand why some people are threatend about Facebook cryptocurrency called "Libra" for me its doesnt matter since cryptocurrency Market today is not purely decentralized some other platform like ripple's XRP. was accused by some people say it was centralized in nature but its on top 3 Largest marketCap thats why for me Libra is not threat to bitcoin or has any issue about it. I believe bitcoin has a stored in value. and it wont be easily de throne by a newbie crypto like Libra.

in my opinion boycotting LIBRA is an action that is not yet needed because we do not know what progress LIBRA will do.
currently LIBRA has disturbed the community in this forum and many people hate LIBRA today.
we can conclude that LIBRA has a negative impact on digital currencies.

They've already stated that their coin is a stable coin so I don't see this as a direct competitor of Bitcoin, they have a ready services and products they will just lay this out to their products, Facebook will help us for more awareness of Cryptocurrency, we still didn't see if it will have a negative impact in Bitcoin's performance.

I think it's all done on purpose. The blockchain and cryptocurrency is a very good tools which are needed in this world. But at the moment the state is very much afraid that they will not be able to control the entire turnover in the cryptocurrency. Libra gives them this opportunity. So most likely it's just a tactical move to kill this cryptocurrency.

certainly not going to be a meaningful competitor for bitcoin. it is even possible that Facebook coins can support the crypto market for the better, with mass adoption that can encourage more trade to increase. all depend on events and cooperation that will be carried out with projects, exchanges and other sponsors.

You speculated it too much abut the Libra coin. Let us just wait for the outcome of this coin before jumping into conclusions. Perhaps, it isn't a threat to satoshi's invention. Libra coin will become a part of crypto coins now. Their project goal seems to be fine and of course we can see there are many supporters of this coin. What we can do now, is to look for their performance before doing your suggestions which is the boycott thing.

I agree with you Libra will make crypto better known by outsiders and will make the price of all crypto can soar, because of mass adoption. So we all have to support the launch of Libra

Is the boycot only one way to make everyone aware of that? I don't know your point of view about libra coin that stated antithesis against bitcoin because I haven't saw that. Facebook is centralized and stable coin which is mean everyone will know it and if newcomers know bitcoin and its system they leave libra and use bitcoin.

I won't be using the Facebook coin. But I don't think that a boycott by everyone on this forum will even be noticed. If Facebook bring in a coin it will have a huge number of users. One good thing is that it will likely bring more new people into crypto. I say one good thing - I can't think of a second good thing.

What else do you expect from Facebook and of Facebook coin, the choice is left to us all to know if we should support its ambition or not, as regards boycotting, you can only speak for yourself and retrain yourself from it, but the choice is still left to users to make the decision that will favor them.

Cryptocurrency is an open system, and e all know what will benefit us in it, to some, Facebook system will benefit the, let those be the users, and to some that understands what through decentralization is and what the intention of satoshi is, they will always stand for bitcoin no matter the money Facebook spends in shilling their project, and believe me, we will still have more than 70% of people that would forever prefer bitcoin system to that of Facebook because it runs fully on decentralization.

I haven't thought like that. Wise, if it helpful for many people to benefit why not.

It is individual call as many of my friends are not going to invest because they do not believe them any more after the data confidentially breach and they made money and did not even pay people whose data was leaked . Thus they have even deleted the Fb account

I think you just give people premature fear. Do not be afraid of what is unlikely ever to happen. I am sure that the Facebook coin on the contrary will have a positive effect on Bitcoin.

And you thought that the release of the libra crypto currency will be just a huge step towards the adoption of the crypto currency by the world, even if not in the form that Satoshi nakomoto wanted.

From common people perspective what we're experiencing is really good for the cryptocurrency network. Some due to the lack of proper information relative to the libra coin intend to oppose it. From my view it is the best and the one to help with the spread about existence of cryptocurrency which entirely a big thing that could take the market reach a higher level.

Or Facebook will use their massive wealth and lobbying power to create laws pushing other cryptos out of the legal-sphere and into the illegal. Many large companies use this exact strategy to achieve market dominance.

Some people seem to think that Libra is a good thing. Personally I do not see it the same way. Facebook well know for its dubious practices regarding the privacy of its users and I do not see why it would change now .... ::)

All these points are just guesses. Facebook alone cannot ditch the growth of other popular crypto currencies, especially BTC and ETH.

I do not see any reason to boycott the emerging new stable coin. Moreover, she can only come out next year. Stable coins we need. Through their use will arise in people and interest in decentralized cryptocurrency. In Germany, they propose to issue a stable e-euro coin, which will be secured by the euro, as opposed to Libra. Such methods are quite acceptable. Banning is not a method for cryptocurrency.

Why boycott Libra? Let it promotes cryptocurrency to the masses. Mass adoption is good for us. We don't have to use Libra, we can still use Bitcoin and no one can take it away from us.

We can't dictate users to boycott Libra. What we can do is educate those fb users what Libra can do to their lives and the pros and cons of using it. Also, the introduction of Libra to masses might really create massive adoption of crypto. And then later on, they will learn more about crypto and the benefits of bitcoin over Libra. Let them decide what they want in life.

Facebook can dump millions of dollars into lobbying to push other cryptocurrencies and exchanges out of the market.

"Well yes Mr. Senator, we here at Facebook Libracoin track all transactions with KYC... but Bitcoin doesn't and is used for funding terrorism, you should definitely make it illegal to deal in Bitcoin in the US."

Just wait...

I do not think so, even the possibility that will occur after the Libra, Crypto will be more known to the public, besides that I am sure Bitcoin will also get a positive impact from this Libra. regarding the boycott we need to review the situation that will occur later, if this has a negative impact we can do that. but we review it first, and don't speculate too quickly.

I think boycotts are just a waste of time because if Libra Coin gets approval from the government, Libra coins can start operating and trading on the market. I think Libra Coin will make the crypto market more attractive and from several articles, the increase in bitcoin prices is due to the existence of Libra Coin

I never thought Libra coin would be a competitor for bitcoin because Libra coin were like stable coins. There are many differences between Libra coin and bitcoin, I think investors will choose bitcoin as an investment because of the fluctuating price

The US government has issued a temporary halt to the project.  I think Libra has threatened the existence of banks and their monetary systems.


https://www.theverge.com/2019/7/2/20680230/facebook-libra-calibra-crypto-maxine-waters-congress-regulation-investigation-halt

I also think that boycott will not bring us a good result because our community is too small compared to a social networking community, the number of supporters for this project is too large, the most special here is the appearance of the government, they acknowledge this project, we object to it is useless. Accept this fact, and this can be a good thing for us when the development of libra coin has some connections with bitcoin and the projects we invest, and if facebook coin can grow well, we will be good

Let's not decide to boycott the facebook LIBRA coin yet. We can be patient, relax and see what it is going to become. We all know facebook has so much influence in the internet world and no doubt one of, if not the largest social media in the world today, which be helpful. So let's see what LIBRA brings.

That is absolutely reason why you see some of us supporting Libra coin of Facebook because there is no way Facebook coin will not draw the attention of people into wanting to know what cryptocurrency is all about, in the process, they will definitely want to try Libra coin out, but along the line drop Libra for some coins they would have fully be aware of by then of giving them reward with usage like BITCOIN , ETHEREUM and many other coins in the marketcap.

I also learnt that one can even be able to use bitcoin and Ethereum to purchase Libra coin from their exchange, and these two are solely the major coins they are pairing with, so it will really change a whole lot of thing when I is being released, I think Facebook may eventually top the list as third when it is being released because it will be a reliable payment option really.

You do not need to do anything, US. goverment already stopped Libra.

https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=404009

I am only asking myself how much money Facebook already invested into Libra and Calibri and if nothing will be created, Facebook´s shares will dump, time to short it?  :D

You're right op… Facebook Libra is completely a different thing from what Satoshi has planned for cryptocurrency and it is completely different from what Bitcoin. I don't think this Libra coin is going to have any of these features that Bitcoin has, just like being anonymous… because it's possible that Facebook would want users to link their Facebook accounts to Libra wallet or something, so they will be having full information on most things the users will be doing. They are ready to do anything that will benefit their advert business. But till then… let's wait and see what it is going to be… I wish nobody would use that coin.

Facebook already has so much info about us and some peoples actual ID info. They don't need to know more about us when they know enough.
I think people will just buy Libra to try to make a quick turn over, I don't think they actually support it. It also is likely to win over investors outside the crypto realm. These large investments could harm other currencies whilst empowering Libra.

I can't deny - I'm very sceptical to Libra. I've been posting quite a lot about that. It's not a real cryptocurrency and nothing will change my mind. But the fact is, that people consider this about crypto after all. And it might influence this industry. Hell. it is doing it right now, on many levels. For instance, here (https://www.blockchain24.co/indias-crypto-state-of-mind/) you might read about how Libra may change the situation of cryptocurrencies in India, where government is against the concept of digital money.

The Facebook project actually would have gone like every other hyped crypto that eventually faded or was just there, for the fact that it will be a centralized crypto will bring to a lot of disrepute and doubt to its investors.

not everyone will agree to that. there are still many people who judge crypto badly. indeed at least they are, but I'm sure not everyone will follow what Facebook means. of course, Facebook comes to the market with support from new communities, not from their communities.

Why to boycott an FB project is an ordinary project, as well as everyone else on the market, but we are only in the plus that FB is interested in cryptocurrency

This has been my fear too, but if investors truly understand how cryptocurrency should be operated and if they support and stand for it, Facebook coin might not be seen close to succeeding.

We don't need to do that because the majority of US lawmakers have already boycott it. Please, don't talk about a crap thing remember major will always dominate and that will be a threat for so many medium platforms because this one can take all of the demand at the same time.

that doesn't seem good for me to see FB coin to happen for sure.
I hope that more delay will be taken as per US order to pause libra coin.

What could possibly harm others in what ways, it's too early to speculate that Facebook will destroy what we've built over the years, I'm not a big fan of Facebook products and services, so I don't see myself using this coin or even buying it since its a stable coin, they have already announced that they are going to be a stable coin.

Does he even think it is so easy to gather crowd to do that when we all have our own different interest, another person’s food could be another man’s poison and vice versa. Out of millions of people in the world who would be exposed to cryptocurrency through Facebook, it is certain that 30 percent of them would at least pick interest and make use of Facebook product against all odds, and does not care if they stand for bitcoin purpose or not, so he just have to drop that idea of thinking we can destroy them before arrival, that would be absolutely impossible.

Facebook presently is too large not to have people of interest in its product. And like you said, having read their whitepaper extract, Libra will really have a working product that will be of interest to me and so many people out there, but that still would not make them to ever have any negative effect on bitcoin, and so long they don’t affect bitcoin in anyway, nothing to  worry about to me.

The launch of Libra may make people around the world know about blockchain technology. However, I did not realize that Libra did not need to boycott. This project seems to use on its platform and the value doesn't change much. But it will make the blockchain community grow strongly, impacting the crypto market strongly.

Facebook Libra will help us all by popularising cryptocurrency all over the world, why should we trying to stop this process? This coin will help crypto society to grow fast.

I do not like the idea of Libra as well, because we already have a coin that is centralised and is used for payments and it is Ripple. I hate this coin and do not believe that another Ripple will be welcomed by crypto community.

I do not think that the crypto community will be able to have any impact on Facebook plans (unfortunately). The Facebook community is much larger (more than a billion people already)  :(

Certainly all exchange in this market will list Libra. But I don't think Libra will be born because I heard some rumors that Libra has stopped and it may never appear.

Agree, we should not have a distinction and boycott because Facebook coin is also an opening project for crypto's closeness to people all over the world, it is creating an opportunity to help the crypto community become more interesting, why do we need to boycott when it is helping us? Besides, even if it is creating too much pressure or even threatening many other altcoin, this is also a good thing when altcoin has a long, peaceful series of days, altcoin needs a stimulus and struggles to develop, supporting facebook coin is probably more reasonable

I would not use Libra coin for several reasons, but boycotting this coin would not bring any benefits. A lot of people would use Libra, especially such people that are not familiar with crypto currencies at all and there is no way of avoiding this.

If the Libra project is successful so that it benefits many people and can be a good example for new projects that always fail this will be great but if Libra sacrifices the privacy of this user we should protest but without boycotting because it is too excessive for now

I don't think it should boycott it. Libra is created for its own platform to use.
However, with the extremely large community, Libra will make many people aware of the coin market, which will increase market capitalization to a high level.
They will definitely launch products that attract users, please wait. Now we cannot conclude anything.

Libra already has a large support as Facebook can easily lure the large community of users on the platform to make use of this new cryptocurrency. Users on  Facebook would be the primary target as users of Libra, I presume.

Do you really think we could boycott Libra? you must understand it's our of our hands, since it's not an opensource project and a centralized coin then to boycott them is not even an option...

But as good news for you, they will boycott themselves, i read some news about people start scamming other people in the same platform to sell them fake Libras, lol.

In my own opinion this will still have a good impact for bitcoin dont just look on the dark side by this thing bitcoin will also get new potential investors as king of cryptocurrency bitcoin wont lose what it built a long time a go in just a snap.

Facebook is a bigwig and considering that majority of the world’s population uses its social networks where they plan to launch their project, Libra could potentially be a hit. The fact that Facebook already has funds to pay developers gives it a competitive advantage. We should however wait and see what technology and operational strategies they are going to incorporate and see whether we can transform it to give the power back to the people in a decentralized way.

Thanks to your efforts in trying to promote the boycott of something that doesn't even exist yet, I guess now more people know about Libra than before.

You can hate a product all you want and just stop using it. Like BCH. The more we talk about it the more people know about, but that's fine, awareness is important when people can confuse Bitcoin with BCH.

But Libra?

Let's wait for the coin to launch, see what they can offer us, and what will come of it all. And then we will decide to boycott or vice versa to support them. And so it is like sharing the skin of an unkilled bear.

Facebook will offer us a coin with great liquidity. But there are no speculative instruments associated with this coin, the price will be stable.

Has project libra been approved? If no, then why do we need bother ourselves with it? I personally feel excited to see libra become a reality as it will really cast a positive air about the cryptocurrency community which can only lead to bigger things. Who knows which bigger company would love to step in next after Facebook? Apple? Amazon? Google? Imagine how the price of bitcoin will be if that eventually happens?

I don’t think there isn’t no red to do  that ! Making rules and regulation is what crypto needs , and it seems Libra Is lined to suit any rule and Others will need to adjust and endure ! I believe bitcoin Is still king ! 

Boycotts will not help, because if the goals of the state coincide with the goals of Facebook, the state will help to do what is intended.

Bitcoin as is.
But crypto isn't made for that. Rules and regulations are noted and it should be implemented but this should be done for the exchanges and any other crypto businesses but not for each individuals that are longing to use it. Libra is changing what crypto used to be and we don't have any idea if this will be pursued since it's already questioned on the court.

Please let them know, I don’t know why some people will develop some opinion and just assume it is the right one, and then the next you see them do is trying to impose It on the rest as if the others are not entitled to their opinion. The fact that A hates Libra project because of what he believes in the earth doesn’t not mean that B hates it.

There is no technology that is built on blockchain that would not have its own benefit. Prior to when bitcoin became popular, so many people had condemned it and think it would never survive, and even till now, we have so many personnel that is still castigating, but it has been of help to people a lot, if everyone had listened to those bad ones, would people have been joyous about their financial freedom today.

There will always be people looking at the negative side of things and facebook's Libra does have a lot of bad sides which is why things will really be odd when Libra is approved. But you don't have to do it yourself from now on, France and I guess all the countries who will support them will also not support Libra. As for me, whatever comes in crypto will all come when time comes.

How many people now own cryptocurrencies? 10 millions? Now imagine how many possible users could have Libra? We can´t fight with them, we can only hoping for good decisions by regulators.

For sure, nothing will be changed if we buy Libra or not. Many people are already interested in getting this cryptocurrency, and they even do not care about their privacy - simply libra for them is the best chance to run away from inflation.

I guess, no one will ban Libra as FB team is very powerful, and the richest companies have already supported Facebook and its great project.

I don’t think we can affect it much, though I feel uneasy about this. But what if they turn out to be not that vicious? You never can tell.

In my opinion Libra will fail. Most of the governments boycotted Libra already France for instance. A big centralized bank consists of companies like Facebook is the opposite of what governments want. And beyond that we don't need Libra it's useless, there are a lot of better coins with the same use case. Facebook just wants to have more control of people and they use the Crypto Space for their purposes. Under a smokescreen of a "decentralized" coin they will do the same what they always have done steal and sell data. Furthermore, Facebook is not well known for being reasonable with our data and when they have the force to see what we buy and when we buy do you think they will not use it ?. I will boycott Libra because Libra has nothing to do with the vision of Satoshi and Blockchain.

At first, I was excited about Libra that through this blockchain, a lot of new people will enter in the crypto space. But later I realized Libra is not crypto nor it is helpful for us. I have no plan to buy the Libra coin and I convinced my friends not to involve in Libra. Libra can harm the Decentralization nature of crypto, so, yes, we may boycott this.

I prefer to wait for the official news and after the launch of the Libra, everything will become transparent for the crypto investors. As far as I know, the small investors will not be able to invest with the discount but making speculative assumptions is not right at the moment. I additionally like the new social media coins but Libra team don't want to see the coin fluctuates with the market value. If they will intervene in the cryptocurrency price, it will not be different than other stable coins in my prediction due to the going against the nature of volatile crypto markets.

In my opinion, since Libra will still be a cryptocurrency, any lobbying laws that will contribute to its promotion will also contribute to the development of a common cryptocurrency. Moreover, Libra will in any case have to interact with other types of cryptocurrencies.
I don’t think we should do anything about this Facebook coin. Now the G-7 countries have sharply opposed its use, even if they decide its fate. I have a very big doubt that Libra will ever be released at all.

It's much better to wait and see how things will work for this project before concluding with what directions it will take inside the market after being introduced inside the market, the more you assume the more possibilities that you'll made mistakes, best  to wait and see what this project will have to offer and added to this industry, it will be judge with how things will work with this coin.

i agree with you.
we cannot judge them quickly, we can make mistakes when making opinions. as you said, we better just wait for the official news. after that we can judge and can determine the next step. i think that's wiser.

I don't think that libra needs to be boycotted, even I am quite supportive of that development. Well, this is the world of technology, and there will always be the latest. if bitcoin does have benefits, and needs are better than libra, I think bitcoin will last. besides libra is crypto type of centralization, while bitcoin is decentralized. bitcoin has already defeated many crypto like that, so when libra becomes popular, I think bitcoin will be above it. although currently there are several countries that challenge the development of libra, I chose to see the development of libra in the future.

even when we tried to boycott libra, I also heard that China was making its own cryptocurrency. Well, I'm so sure there will always be developments like this.

I don't know if boycott means not using or patronising Libra, but I'm sure that I'm not going to be part of this hype or the company itself in terms of privacy. There's a lot of ongoing thread about Libra and I've seen that the consensus of the community is against this token or whatever you gonna call them. But to be fair, let them roll out and see how it goes for them.

Facebook or at least the people behind Project Libra knows that many crypto enthusiast are against them. So they already hire a lobbyist to do the dirty laundry:

https://www.bloomberg.com/news/articles/2019-09-05/facebook-hires-two-more-lobbyists-to-boost-libra-cryptocurrency

So the question is, as crypto enthusiast are we suppose to support any coins that go against the vision of crypto or at least bitcoin's decentralisation? I guess it really depends on the individual itself. If you can make money out of this project, will you go? I"m not saying that I'm 100% on the boat with this one, but when money speaks, everything changes.

   Crypto-community favors Twitter much more then Facebook, cause of that crypto-community will boycott Facebook coin. Not only for that, it`s a little joke, crypto-community
will boycott Libra cause of that project itself, as they aim to become central bank, and we don`t like banks.
   I don`t plan to take apart in Libra project. I deleted my Facebook account year ago and I will not make a new one.

in my opinion we don't need to boycott Facebook (LIBRA) because Facebook will have the advantage of other coins ... even though it will be the biggest competitor of Bitcoin in the future but between Bitcoin and Libra have advantages and disadvantages of each ... so let's watch together in the future ... what will happen.

If you are not even interesting to watch all of articles about libra and i hope that you must watch it ASAP. If looks like you know nothing about libra. Stop say crap about that and libra will give nothing to the cryptocurrency.
You can't even explain what advantages will be given by libra for crypto.
Libra is such a crap coin and this similar as TON coin which has made a lot of investors are losing their money.

Why everyone seems afraid of Facebook's cryptocurrency Libra what was real reason? I also read those so called articles about Libra and there's nothing new about it, Even Bitcoin has also advantages and disadvantages so why we get alarm, just put in mind that Facebook alone has billion of users do you think Facebook cryptocurrency Libra is needing us? for me the more important matter is how to address those scams that victimized cryptocurrency investors including me. That was my personal opinion about this Thread.

Libra coin has a team, but who knows if they are still serious about it. Well, if they are, then it means that something good is likely going to come up.
Among others, Libra shows centralized quality, which is contrary to the resl essence of blockchain technology. However, Libra has a tendency to succeed.

I see no reason to boycott another stablecoin, he's done nothing wrong. On the contrary, Facebook will be an excellent guarantor of the liquidity of the new stablecoin and a large number of users of this social network will bring popularity to Libra.

How it brings a fresh money into the cryptocurrency market? Libra is not an altcoin, instead, it is a stable coin. It is an independent entity, and its flow is being controlled by themself.
let's count how many stable coin out there? [USDT, TUSD, USDC, PAXOS, GEMINI, DAI, BitUSD, sUSD]*.
and how much they bring a fresh money to the market?

* https://stablecoinindex.com/


On the other hand, I see so many reasons to do that. Right now it does nothing, but how about the future?
facebook did something brazen a while ago, and do you believe them not to do it again? when money is involved, everything can change.

There are a lot of threats against the Libra from the France, US and Germany but as the biggest social media Facebook developers are able to handle these manipulations in order to give their customers the best product. Stable coins will lose the popularity in the exchanges in case of Libra gonna be traded on the well-known crypto exchanges.

It is early to say that we should boycott the Facebook coin, as I've heard about that coin, it is less volatile than other cryptocurrencies and much better security. Well, we all don't know what's behind that coin until they launch their coin. So let's wait and see its potential. As we all know, Facebook is very popular, so they can use their influence to advertise their coin better and a fastest way they can.

I think we should Bycott Libra. They can't fight with blockchain and bitcoin. There are many ways to reach to people who are willing to have a decentralized system. I want to control my money and bypass banks. Libra and the other centralized coins are trying to give us that but in a centralized way. As I said, they can't fight with bitcoin but create a rival for it.

They just announced Libra and facing too Mich problem. Its to early to take any decision. And in some point I think face would help people to know about this market. I know its break the first rule of crypto decentralization. But still. It may help in some point.

Nah.. we don't need a stable coin. We need a real decentralized cryptocurrency that is not controlled by any government NOR by any COMPANY like Facebook is. I view countries like bigger companies, so why would you trust them to control a coin?

Fundamentally Libra will be backed by fiat currencies (USD, GBP, EUR,etc.) which guess what.. are controlled by govts. So what is the deal here? It is like using virtual fiat currency, why not use banks lol I wouldn't invest into Libra just because I can send money directly through the social network. That is ridiculous..

It seems that it will be very difficult for us to boycott Libra Coin because with the financial strength possessed by Facebook, of course it will be useless, but actually the launch of Libra Coin will not really affect cryptocurrency in my opinion because the purpose of Libra Coin is basically created as payment tools for the world community and certainly the price will always be stable, unlike the case with bitcoin which is prioritized as a future investment asset, so, we don't need to be afraid if the libra coin will be able to rival bitcoin later, because as far as I know many countries in the world prohibit Libra coins are transacted in their country because later they will be able to drop / kill the country's official currency value. But of course we have to see how the impact will be caused by the launch of the Libra Coin in 2020.

This boycott has already negative effect. Thus, a full launch of Libra may not happen in 2020, as previously planned. If regulators continue to stagnate, making a decision may take years, and even after that, there are no guarantees that Libra can be launched. Despite this, Zuckerberg clearly makes it clear that Facebook has decided to go with the flow in this matter and not take any special initiative.

I don’t see the point in boycotting the libra. Everyone should make this decision himself. I'm completely indifferent to the FB because of the unreliability of saving users' personal data and respectively their Libra . One benefit to the crypto community from the hype around the libra is free advertising of blockchain technology and crypto currency.

To be honest, I do not quite understand such calls. What is the point in boycotting this coin? Because it is centralized and completely under control? But such coins are full on the market, with a greater or lesser degree of centralization, why not give up all centralized coins? It is pointless. Any strong project in the crypto sphere, in one way or another, develops it, even if this project will contradict all the canons of crypto anarchy.

Why have to boycott Libra or Facebook coin, have something wrong with Libra and you want to boycott Libra coin? I am an investor and looking which one have chance to get profit I will invest there without care is from Libra or Facebook coin, if give me profit higher than other coins I will invest with Libra coin.

We take positive side for this Libra coin, if this Libra coin has many benefits for crypto, crypto will increasingly rise and be popular, because we know that Facebook is a social media whose community is extraordinarily large, so I think boycotting Libra coins must be a definite reason, we ourselves don't know what the vision and mission is, so just relax and don't panic.

quite interesting to follow the current development of libra. even from our side we also still have pros and cons. Honestly I support Libra, because that might change the world view of cryptocurrency. Well, unconsciously, almost everyone will use and know cryptocurrency because everyone almost uses Facebook (even though the system is centralized).

actually you don't need to bother to boycott about the development of this token, because basically this has gotten some challenges from countries in the world. even the CEO of Ripple believes that Libra also will not launch before 2023, and most likely libra will run with a lack of partnership (given that PayPal is out, so most likely this will also affect others). You might be interested in reading the article. this is the source (https://cointelegraph.com/news/ripple-ceo-facebooks-libra-will-not-launch-before-2023)

It's up to you for that, but for myself, at the moment, I am no longer looking for altcoin other than bitcoin and ethereum that I have invested. I have been traumatized by many altcoins that exist today and most of them are scams that are very detrimental to us all

Same sentiments,Why boycott? Project Libra by Facebook is a legit one.Big business backing it, though some already expresses withdrawal from it.This is a huge project and a good exposure for crypro, and even bitcoin. Facebook has a wide reach of members numbering to billions,means easy to market the said coin and more adaption to come.

The situation around Facebook and its Libra platform is indeed very interesting. On the one hand, Facebook, due to its audience and influence in the world by the introduction of its cryptocurrency, can attract a huge number of new users for cryptocurrencies, thereby giving a big impetus to the development of the crypto industry as a whole. On the other hand, it caused a lot of criticism and fears, even from the crypto community. And here the question just fits very well, why is it so? It seems that most of them want cryptocurrencies to be recognized and used everywhere and the launch of Libra is just one more step towards this. But as we see it is not so simple. I think that it’s too early to say anything, it’s better to wait for Libra to launch, if it certainly will.

Why should we boycott facebook coin? This coin would bring us to massive adoption in cryptocurrency? This is what we should look for, Libra as a gate to open a lot of investors in crypto. Libra is a stable coin just like USDT but this meant something else. You can't grow investment with this but the investments from other coins could grow because of this.

Facebook Libra is not going anywhere because no government in the world would allow Facebook to control its money. As we recently saw what happen between Facebook and the US government, to be frank, the congress won't allow Facebook to launch the Libra coin because it'll diminish the USD. 

Are you quite sure that Libra will open a lot of investors to crypto and not Kill bitcoin and all the alts?

There are already about 1500 alts including a lot of stable coins that work perfectly well. What does Libra bring to the table apart from Zukerberg's toxic reputation which might kill crypto off?

I do not plan to buy or use any coin come from company like facebook, this companies against our privacy, everyone should not to buy it.

I think not only Libra, there have been many other coins before Libra that appeared. But the competition is only standard. There is no single coin that can defeat Bitcoin. Because the glory of Bitcoin is hard to match. Maybe if Libra shows up, the competition is XRP. And I think XRP is easy to break by Libra.

I too do not see any reason why Facebook coin should be giving one unnecessary threat when they have not been tested to be so, we have many people that just woke up suddenly to just hate a project that they don’t even know how it is going to function, or know the real intention of the creator of the coin.

Libra coin is such a project that will actually make the cryptocurrency market very popular because of the large number of populations that they have which I think their users is even enough to make the Libra project itself a success.  Whether we like it or not, Facebook will succeed in releasing their coin, and they will achieve the purpose for which they were establish, because the adopters are already there amongsttheir users. The only achievement that I know Facebook would never get is to grow above bitcoin in popularity.

Libra means nothing. Lately, there has been a lot of bad news for Libra. As it is said, Amazon, PayPal, Etc. are out of libra. So we can be sure his presence will not produce anything. Especially if you want to rival bitcoin. Too far level. And it seems like there are also many people who don't like this project.

Facebook itself is very greedy.  They sold their shares and now they want to create a currency to pay like any national currency.  In America they banned perfect money so Libra will be banned too.

I think it's too soon to say that it will boycott libra. because the coin hasn't been released yet and we don't know that libra has a negative positive effect on cryptocurrency. During this time I think positively with the launch of Libra it will make the crypto market more crowded and famous. if later after it is launched in 2020 libra provides many benefits, of course I will buy it later. but if later this Libra coin can threaten bitcoin then I won't buy I prefer bitcoin.

We know this is a game show guys.

If you're a damn bankster, just vote yes and move on.

Otherwise, save your credibility.

Either you're a part of the solution or...

I dont think a boycott is especially needed, the project will sink or swim on its own efforts.  Yet another centralised attempt to mimic crypto isnt going to go that far anyway, it could be profitable and useful even but I see its of no great concern to proper implementation and innovation within crypto itself.    People will naturally choose what serves their purpose best, its not designed for us its designed for those on facebook who want a value token as easy to use as a like button. 
   In many ways Im interested if they can bring anything interesting and new but really I just expect more of a FIAT paypal type iteration, nothing that exciting.   

Strongarm attempts by big business to lobby and obstruct competitors is to be expected but Bitcoin at least isnt really a corporation that can be attacked in a conventional way.   Really it shouldn't need special consideration to survive, they'll be more tests and the blockchain must stand up by itself I guess.

Actually we don't need to boycott libra. don't know yet how this libra will be able to benefit us or not. if it is not profitable or detrimental, surely many people will take a stand regarding libra. and now I still believe that libra is a good project under Facebook

You don't follow the news?  Libra has ended, without any cryptocurrencies currently released by Facebook.  If the US government issues cryptocurrencies in the future, then Libra can be legally and operational.
https://www.ccn.com/bitcoin-bull-lou-kerner-facebook-libra-dying/

I don't think we need to boycott Libra coins. because I think libra coins are included in the stable coinage group so it won't affect the value of other crypto coins. Facebook creates coins libra aims so that we can send and receive all over the world as easily as sending photos through the application. Facebook says when Libra Coins have been released we can use Libra Coins through the WhatsApp and Messenger applications. so I think the presence of Libra coins will make the crypto market more crowded and provide many benefits for us.

Let me tell you few very imp points if you really want to boycott, any of these monopolies based businesses what should you do?

• First of all stop using Facebook, I deactivated my account 2 years back, and have never turned back to it.
• Let us run a deactivate facebook campaign, once these guys loose a control of the shit the are doing to us, they will automatically break down

I think that project is really going to have  some great impact on the blockchain technology, libra will face a lot of challenges alot of monsters but it's going to have a great future

We all perfectly understand that cryptocurrencies with a fixed price have no great future, imagine that this is just a game coin that can only be paid on Facebook services, it will not be needed anywhere else, since it was created exclusively for this ecosystem, I think that it not a competitor to classic cryptocurrencies, but on the contrary will give a new breath to the cryptocurrency market and bring new people with money here, because the Facebook company is quite large and has a good reputation to give faith and hope to people not familiar with cryptocurrencies.

Good for you, I don't use that privacy stealing piece of crap website either.

Nor will I use libra or own any *if* it does end up being released, which it probably won't be.  There's no need to boycott it, because it won't succeed except maybe as an alternative to fiat for facebook related purchases.  It will fail as a cryptocurrency among those who know what real cryptocurrency is. 

I believe this should be a personal decision, that is buying the coin or not. But however, as for me, I don't think I will have anything to do with it as Facebook itself is questionable. Recently I read a post about some of its partners exiting the project, although am yet to know if it's true; but one thing is sure, ever since the project was announced it has face one barrier or the other; why isn't the world embracing it?
I don't think I will have anything to do with it, privacy matters a lot.

Facebook Coin should not be boycott (Project Libra). It is their effort, such a good project we should not boycott. Let's look at the good sides of the project. I will learn and appreciate its benefits.

I advise you not to get involved in such projects. be careful still. Look at their negatives and unacceptable.

It is still not possible to ascertain whether or not to boycott a project is the right thing to do. It is a good choice to continue learning more. should not judge from personal thoughts too and should not only hear from one side.

I dont especially believe in a boycott idea, if Libra works then its for good reason presumably as the market is already crowded in many different solutions.   If it doesn't work then what does it matter if we should avoid it or not, it will decline and not be a benefit to many anyway.
  Whats most likely to happen now is it just turns out to be a paypal kind of processing type operation, not especially unique or important just an attachment to the main body of facebook and there for convenience of those users.    Whats always true is that it will continue to be a good idea to have a bias towards Bitcoin which has proven itself a reasonable hold for over a decade now, more positive then a boycott.

I still wonder what Boycott is doing? Will it threaten bitcoin and the market because of differences in principles? let them run and the market will judge whether or not they deserve a new coin. Boycott is not a good way to be a solution like assessing a project scam.

I have never been worried about the presence of Facebook (Libra) in the world of cryptocurency ... because I am sure there is not a single Coin that can compete with bitcoin up to this moment ... whoever and wherever they are and no matter how much capital they use it will not eliminate popularity BITCOIN in the crypto world ... so there's no need for us to do something about Facebook (libra) .

Well some people are claiming that Libra will have some sort of impact to Bitcoin due to its crypto-being in nature, maybe those who are staying 24/7 in Facebook would probably think of dropping a single quarter of investment but for me I won't invest in it ever. I already had issue with privacy in Facebook before.

I will patronize them if it will help pay my daily bills and put more money in my pocket while participating in general Crypto adoption. We need such of this project but I am afraid if they will ever launch again.

we as users do not have the authority to boycott Facebook projects. Facebook is a big company and even many say that this project will take place in 2020. I personally will not talk much about facebook coins, but for smart investors must be able to understand what you are going to do and be able to judge for yourself about this facebook coin.

Libra coin doesn't established for every people instead they have selected investors for the project at the same time they were not going for public investment.
Which doesn't give the benefits for the cryptocurrency community means that will not be helpful for us as you said we can boycott such projects instead of supporting.

No it is not right that it will not benefit the crypto community. It is a coin which will even give benefit to bitcoin because all of the people from the world are using bitcoin so with the introduction of libre all of the facebook users will also know about bitcoin and they will invest more money in bitcoin as the price of bitcoin is increasing in value giving profit to the investors and everyone like a coin which give profit.