Bitcoin Forum

Hey everyone.
Yesterday I've read an article (https://changelly.com/blog/europe-is-against-facebook-libra-stablecoin/) about European countries opinion on Facebook's Libra. There are a lot of negative statements about it. (Not without Trump's tweets, of course).
What's interesting - there were no official responce from Libra yet. But they still planning to launch it in 2020.

My question is - will launching Libra change the statement 'cryptocurrency is not money' in better way or it'll make worse?

Facebook did respond at the end of July. In their quarterly investor reports, they admitted Libra may never launch at all: (https://www.businessinsider.com/facebook-warns-investors-libra-may-not-launch-2019-7)


It's a tossup. It'll expose the masses to "cryptocurrency" and make the idea more accessible. However, Libra is highly controlled. Transactions can be reversed, accounts frozen. It'll give people the wrong idea about what (decentralized) cryptocurrency is.

Its no surprise this is coming at all and its something I have maintained. There is already a bad feeling for Facebook because of the amount of information to it has access to because of its platforms talk about Facebook, Instagram and WhatsApp and with that, government functionaries are already feeling they should be the ones with access to that in the sense that when they need to get something on an individual, they would likely have to go get a warrant before that is possible. Now adding crypto to it, you might as well sign out the function and control of government to a private organisation.

With Europe making a position and the difficulty it might face in America, there is no sooth saying that it will take lots of effort for it to see the light of the day if they won't bury the Company is series of court cases and injunctions among several bottlenecks. Facebook should focus on something else, this scope of business is clearly ultra vires.

I think what Libra is mostly showing is the difference between public cryptocurrencies and privately owned "cryptocurrencies".

Libra is receiving so much flak in Europe because it's a private currency, created and controlled by a private entity. While Bitcoin and other cryptocurrencies were eyed with cautious suspicion, they never faced the open rejection that Libra is currently dealing with.

Maybe that's because Bitcoin is a public infrastructure and thus not the centralized accumulation of power that Libra would be. Or maybe that's because they know that Bitcoin can't be stopped for lack of a single point of failure. Either way it's teaching the public a lesson on what is and what isn't a free currency ("free" as in "freedom", not as in "free beer"). Which is already a step up from the question whether cryptocurrency is money.

I think this Libra project is going to be a thing of the past, it has exposed too much of Mark's plot and it should be stopped.
Facebook's user system is too big to rule a quarter of the world with libra coins, it's quite dangerous. and not only in Europe, but also in some countries like Asia that are opposed to the arrival of Libra, which is really difficult to control as its system grows bigger!

I would assume most of the crypto community would be against this project since everybody would think that once it gets realized, there is a big chance that it will have a sizable share of the entire crypto market and could reduce the value of any digital asset were holding right now including the almighty BTC.

I would assume that their plan was to present an outrageous version of what they actually plan to have.

Kind of like a politics version of price anchoring.

They will listen to what the government objects to the most and just release a version that's more reasonable even though it won't be decentralized.

If Facebook has lost Europe, then it has already lost one continent of the world already and believe me that it has already lost Asia too because it seems Asian countries like the big china never for once even like Facebook, as I have seen case where they have ban some Facebook projects in their country like the Whatsaap, so I don’t see them accepting this coin called Libra coin , and honestly, I am not sure that I will like to support Facebook too because I really don’t know what their motive is.

Let us keep aside our own selfish interest for now thinking that we could get money from the establishment of the Libra project like we have gotten from other ones, in the past, but we need to consider the control that Facebook coin will have over our data because they will gather those data as usual and sell it as they like.

Asia is not only China, so it is still possible for Libra project to flourish in Asia if majority of asian country welcome FB's Libra with open hand.  Asian nation had not release a statement about Libra so it is still on the unknown part whether Asian countries will accept it or not.


Libra is a stablecoin so how c an you profit on this?  It value won't fluctuate so we could not exploit that area to get profit.

They have to do that, just like all corporations have to list the risk factors of owning their stock or various business ventures.  Look in any annual or quarterly report and you'll see basically the same statements.  They're covering their asses legally--and despite what was written about Libra, I'm certain Facebook plans to press ahead with it despite all the regulatory risks.

Yeah.  If Libra is meant to be a stablecoin, the government is going to have lots of problems with it.  If Libra's price was determined based on market forces, that's another story--it would be like a security almost.  I'm very curious to see how this all plays out.  At worst, it'll get people's attention focused on cryptocurrency and might actually help bitcoin in the long-term.  I have a feeling that Libra itself won't be too successful, but we'll see.

Facebook haven't responded on this issue, before the launch they're supposed to give clarity about libra and its features. I find this issue to be the same as the one we experience with bitcoin. There are countries that have adopted bitcoin, by the time there are countries that have banned bitcoin usage. This is based on their government policies, so libra too gets support from some countries and some will stand against it. Nothing is gonna make a big change in its launch.

It can only begin to make cryptocurrency more popular, change none followers perception that Facebook also has joined the cryptocurrency business. This is what I think but I don't think Libra coin will take over or do the unexpected because cryptocurrency is beyond Facebook.

The network effects of WhatsApp + Messenger + Instagram can be strong enough to make a lot of people use it though. Would you agree with that?

Libra will never launch.

The US government spat an unbroken lava stream of searing hate at it during the recent hearings. The French and Germans have flat out stated they won't permit it to exist. No country with a weaker currency will ever, ever, ever allow it anywhere near their population. More authoritarian places like China will chuckle at the idea of it ever coming anywhere near them.

It's over before it got rolling.

I'm sure some will say 'but they'll launch it anyway' but this ain't crypto. There are a bunch of people in offices they can go and arrest if it ever does slip out without permission.

The opinion is really not that good, there are a lot of oppositions against Libra coin because of Facebook's reputation on privacy, it looks like they are on a bad start, they need to do double time and fix everything along the way, they have the resources and the capability to turn things around so let's see before they launch.

Libra (stablecoin) or fiat money, although their form is different, but its function is the same as a medium of exchange, as a unit of calculation & as a store of value. Each user chooses the medium of exchange used based on the ease and benefits gained.

Libra, which may be launched in 2020, will not cause any ripple in the digital economy because its role is not too significant because many monetary authorities do not recognize digital currency and other financial technologies.

I think centralized payment options like Libra would make things worst. To quantify, I must emphasize that Libra are not what most "free thinkers" are looking for. People are not looking for another "PayPal" or some centralized organization like Facebook that would gather and sell their data <spending patterns / sensitive information about your wealth>  

Just imagine what would happen if Facebook knew how much Libra is in your wallet and what you are spending that "money" on.  >:(  They will know who to target, with what advertisements... based on the amount of money in your wallet.

All this information would also be shared with the government.  >:( >:( >:( >:(

I think the slogan is not affecting the Libra business this time. because US lawmakers and lawmakers have realized the great risk of having Libra release widely.
They are suspicious of Mark's desire to launder money and use Libra coins to manipulate the crypto market.
Mark needs to come up with more practical ideas to overcome these questions.

US is against Libra too. Whole crypto communty is against it too

I didn't know the regulations on Libra and the things they had to go through to make it a legit and viable thing that is not against the laws was really making them think about this a second time.

I mean surely they have spent a ton of development and design and even some marketing sources to it and they probably have already made too much investment into it, so to say that they are not sure about launching it means that they must be going against some pretty big guns, normally when a company this size wants to do something they can literally just bribe their way into making it happen and would not face any troubles, since they have some issues I am guessing not only just governments but also financial institutes of all countries are not wanting Libra to happen and since they already bribe politicians they make it known.

Facebook could definitely fix this if they want to, its not something impossible for them, all they have to do is pay the right people, fix the parts that looks not allowed and then they can release it. However, does it really worth it? I mean should facebook really give it a try if there is so much struggle with it? Will they make that much money from this that justifies actually going against all of this odds and fighting for it?

If they are going to make billions of dollars easily then yes this worths it, even if its just 1 billion a year for the first few years then it totally worths it but I am not entirely sure the transaction costs will be that high and the volume will be that high, if they believe in their user numbers then maybe they can try.

The release of Libra as a whole would change for the better the attitude to cryptocurrency on the part of people, since it would lead to a further increase in interest in it. However, at the same time, the appearance of this coin causes great risks for the entire cryptocurrency. Indeed, in private hands will be concentrated very voluminous confidential information about a significant part of the world's population. In this regard, the states of Europe have categorically opposed its use on their territory. Other states will surely follow, because Europe is closely linked by trade relations with other states and if it does not use Libra, then its trading partners will not use this coin.

What do you mean by "Europe is against Libra"?This statement is too generalized.
The governments?The central banks?The people and companies?Who is against Libra?
Crypto users are against Libra because it's a stable coin,and we usually hate stable coins,due to various reasons.Some fiat money supporters hate Libra,because it's going to be pseudo-money.
Only the fanatic Facebook users are going to support that coin,but the project might never come to a successful launch.

Maybe this article can help you out:

https://news.bitcoin.com/european-countries-step-up-response-to-facebooks-libra/

I'm sure they will go on with their plans despite many objectives from countries and government across Europe. This is a big company will to risk and they know that in the beginning there could be problems.

Europe though had their hard stance because they simply don't like the company. And they don't EU to be controlled by a US company, just my hunch.

USA put them on senate hearing for questions so it's likely that Europe (France to be exact that blocked them first) has found the same thing as the US gov't. And while we are here advocates and tells the same thought about Libra's centralization.

Exactly, if the gov't sees the crypto made up by a private company, they can chase the developers of it as if they see a possible threat go ahead directly to them. While the decentralized and anonymous coins, they can't.

the stance is against Libra not cryptocurrency. for example we have seen many countries have already accepted bitcoin, some even as a currency but mostly as a commodity or something like that. but when it comes to a centralized coin created by a company that has no respect for user privacy, nobody including other countries want it.
so far we have even seen the same reaction inside US too. they don't want to let Libra go ahead either. at least not without forcing them to get a banking license so that they could have them on the leash.

if im not mistaken i think there is a thread here before about other country that is also against libra  and one of them is china and u.s  but now there is a thread here and its a europe country  .

i heard other countries like china are going to create thier own crypto but other country do also have thier own reason   .
 libra is a centralized coin right ? like what i heard , so why would they worry so much ?  centralized coin cant really be a good competitor over cryptos because people will surely go for and choose cryptos   .

That's the risk europe can't take, right now we have bitcoin and all the other crypto currencies and people are looking at it like something they could make money and some people do however some people lose money hence there are really no risks for the nations, it is people losing money to each other and nations just hope that their citizens would earn more than other nations citizens and bring in money to the said nation, hell even while cashing out you are giving your money to someone in your fiat region and getting his fiat so nothing changes for the nation.

However, if Libra happens then it will show the awesomeness of blockchain, the great methods of spending crypto instead of fiat and basically all around would kill fiat in many corners which means nations can't handle that yet.

Libra is not coin and not part of cryptocurrency, how far many people keep discuss about Libra but libra its self never launching their coin for the public and just become public opinion.

Not surprisingly, large European states united against Libra. After all, the libra is a digital asset that can bring out of control a huge array of capital, thereby weakening the influence of European leaders.
They will give Libra a green light only if they themselves can somehow control it.

The EU does have more restrictive regulations "for consumer protection" so Libra is definitely going to go through a needle's eye if it'll even try to get into Europe. Many has already pointed out things they don't like about it, like the possibility of the account getting arbitrarily locked (which many SM platforms are fond of doing) and the money in them getting frozen.

I still think what really ruined any possibility of this gaining acceptance is the previous scandals FB has been in. User trust is at an all-time low.

Durov with his Gram is also against Libra, I can guess. The reasons for the opposition to these projects seem obvious. Indeed, in both cases, the basis is a well-known social project, the audience of which will become the backbone of using the new cryptocurrency. Plus, in both cases, there is a strong and successful leader with his own original style of doing business. However, I guess both will exist.

Europe, crypto community, entire world and I  ;D

Facebook did a lot of mistakes and lost a lot of credibility around the world, so governments will be tough to accept this coins from facebook
In my opinion facebook are losting relevance and soon will be irrelevant, I don't believe in them to keep my data, nor my money

So this coin is trying to born in a society that is afraid of his owner

when many try to hate libra then it proves that libra can be a very good coin for social media platforms like facebook will have libra transactions will become easier and the process of developing digital currencies will be wider because many will know the world of digital currencies.

It is part of the business competition and its normal that some of them will going to against it. We all knows that majority of the crypto currencies are owned by the European therefore they will considered LIBRA is a threat to them due to the popularity and positive feedback that Libra earned from the public.

As far as I know, most of the people in crypto business are not in favor with Libra, they may have some will going to invest in it but
they won't hold it for a long term. Because all of us here knows, it is not for a long term investment. So I hope that there will be more
country that will oppose and against with it just like what Europe did.

However, since Libra intends to control only a private corporation, the states of the European Union are unlikely to ever allow its circulation on its territory. In addition, they are seriously afraid of the fact that on Facebook there is too much confidential information about at least a third of the world's population.
A coin like Libra should be issued by a state or union of states, not a private corporation. In no case should it be possible to transfer to private ownership the possibility of influencing world financial stability.
Therefore, if Libra does not see our world, I will not particularly worry about this.

There are so many factors that are reason for countries in Europe to reject Libra currency, such as statement of rejection on September 13 in which Germany and France strongly refused Libra because they were worried about their financial sector. But on other hand my perspective, that this Libra currency provides great strength in financial sector, so that these countries have refused this currency.

Well to be honest it is not the country but the government that is against it , even they can sense what can happen if Facebook finally got out to people in a different way since there are so many users on it alone the chances that people might trust it and invest in it are very high .
The chances of it being a scam is zero ! And people know this ..
So indirectly Mark can create a superpower which could make the government's and banks suffer in silence .
All they can do is oppose ...but they can only say or implement ban .
People will always find a way.

Libra should go ahead with their coin launch, if the European Union don't accept them now, I am sure they will in a later  not too far day. Libra coin will make many persons believe the reality of bitcoin and they will follow their ido "Facebook" and invest more in Cryptocurrency.

Any innovation, if it is revolutionary, will find a small group of supporters and a large majority of people who are against it, because they are afraid of losing their position rents.
Europe is against Libra essentially because it has not understood what it is, as it has not yet understood bitcoin.

Not at all yet they are just masking out the word crypto but Libra is heavily centralized which do really opposes on whats the real deal or essence of crypto.

If they do lost up Europe then that would be somewhat an impact but not totally a blockage for them not to launch but there were rumors that they might not consider to launch up but well we do know that everything can happen or be reverted.

Uusally with EUROPE and US always fight with bitcoin and altcoin, they are trying to revoke how dominance bitcoin and altcoin as investment and payment purchase for company.

We cannot get a realistic answer to that unless the project has successfully launched, offered their product to the clients, and got back feedback from the users themselves. In the meantime, the problem with Libra is really the governments trying to get hold of it. I guess they will have to focus most of their efforts and negotiating skills to that or else they will say goodbye to their big project. I can imagine how Libra would really disrupt the world of currency if successful. And this is probably the foremost reason why the governments do not want it.

It was to be expected and it is one of the reasons why bitcoin is a decentralized currency, any centralized party that tries to create its own currency it's going to be ripped apart by governments that do not want to have any kind of competition when it comes to printing currencies, personally I was never going to use such a coin but I hope that this is a learning experience for all of those that think that decentralization is not such a big deal when it is in fact the main reason why bitcoin is still around after so many years.

Having a centralized token and calling it money is a different thing altogether, they are looking for a stable coin and still i am not sure how they will convince all the major nations to get it legalized, BTCitcoin on the other hand is  a decentralized currency and no government can ban it completely and that is not the case with centralized coins. If a government does not want their citizens to use them they will ban them and since facebook is their main working model they will not risk getting that banned too.

I wouldn't say that European union is against Libra in general but it has certain concerns that needs to be clarified, what kind of impact could be expected. There are not all facts known about Libra and EU would like to know what is all about and what the regulation will be.

Although Facebook makes a statement that Libra Coin is not money, if there is no fundamental change in the concept, I think it will still be rejected by Europe or other countries. This happens because Libra Coin has the potential to disrupt the dominance of the central bank in creating money

There are a lot that are against Libra but it doesn't mean Libra won't be successfully launch.
When they show what they can offer to the world, of course these regulators are looking in the legal aspects and the impact of the economy, if it will threaten the government own financial system, they would be against it and therefore they will request for amendments to comply with their rules because they will sign it. 

Thing is, the government will never approve Libra if they won't be able to control it, they aren't called regulators for no reason, they should have control in any company they will regulate.

Such a global stable coin must exist, but it should not be issued by a private campaign, because it will be a very big risk for global financial stability. Then, when something happens with this coin, the states, in order to prevent the development of the crisis, will be forced to support this private can, that is, to finance private business. Moreover, such a coin should not be controlled by such a social giant as Facebook. This is doubly dangerous.
It would be better if such a coin is issued by one or more states. Such a stable coin will appear vseravno, that's just the question of who will control it.

I think which such a big company, Facebook are going to push with their product. I mean they already hired some lobbyist, so they are ready and will flex their muscle and really get their product on the market.


This will be a continuous battle though, they could deflect the issue here, but it still boils down as to how they are going to response with regulations and put it under the control of the government.

Bitcoin is a global coin, it`s not stable yet, but maybe one day it will be. Who will control it? Decentralization is the right word my friend, it will be controlled by everyone. It`s something worth to fight for, why would we surrender and give it all to one, centralized entity. Who will control it? Should we let some dictator do that? Some Trump? Some bank directors?

I dislike having a stable coin because the balance in cryptocurrency will be in danger. Of course, this coins should not be controlled by the government but instead should be privately owned to maintain the anonymity of the users.

At this point, their enemy is the government and not us crypto adopters. If the Facebook company wouldn't like to follow the rules and government policy, they can't be successful as it for sure the Government will look into them because they have a name already in the community. I believe they could do it and to prove to us that Libra could be one of the great coins in the market despite of some countries that are against them.

It seems facebook is not even bothered about this threat as I am still getting some update as regards their launch against 2020, so it’s like battle between Facebook and the government and I am waiting to see who would win, but I don't know why Facebook is so desperate about their Libra project if the really don't have some hidden secrete about it.

Before cryptocurrency became popular, they have been making enough profit and without cryptocurrency, they will still continue to make profit and remain world's largest social media platform with the largest users database, so if people say they don’t want their Libra coin, and government too are against it, then tell me why exactly they are trying to impose it on people. Libra coin seems like a threat to everyone and I don’t think it should be allowed.

Of course, they are bothered by the news, however, Facebook is a big company and they have all the means necessary to push their agenda whatever countries or governments are going against them.


Let's see, again, they wanted to go on the next level here, they are a billion dollar company, but they are not just sitting there, they wanted to create more money, because they are a business empire now and for sure they are going to go live next year, might be delay though, but definitely the people behind are greedy that they need to make it work in 2020.

We all know China is against Libra as well and that makes literally the three biggest economies in the world who are not sure about Libra at all. USA itself is looking into Libra and trying to find what could be possibly wrong with it and because of that facebook already considers not doing it, just because USA may not allow it, than we see here EU is not in favor of Libra, at least France is not and I am sure all others would agree eventually, than we have China who is afraid that Libra may cause their money to become less valuable so they are planning on doing a counter-libra and create their own currency.

So, as you can see Libra managed to make all 3 big powers of the world in economical sense to go against them, its not an easy task to do something that bad, not even bitcoin managed to do that much negativity.

Things may change for Libra if IBM truly work with it as they claimed two days https://www.google.com/amp/s/www.cnbc.com/amp/2019/09/23/libra-ibm-says-its-open-to-working-with-facebook-on-digital-currency.html
Even if the European, China or USA is not in support of it, the call of it regulations by the Japan can be quite a turning point.

After Europe again with Libra coin created by Facebook social media, today we got news PayPal have stop become Libra partner and left Libra forever and PayPal want to create own crypto, Many people dislike with Libra coin and they always delay with everything have plan based on schedule in their road map.

So another bad news for Libra as Paypal withdraw its support:


https://www.bbc.com/news/world-australia-49944421

I'm sure there could be other companies that will pull out before the actual roll out.

I don't think that anyone is really against Libra in its essence but there are so many open questions that Euopean Union wants to clarify and that is completely legit.
And that isn't connected with Libra only but Facebook as a company and some of their actions. Of course there is some politics in it also so having in mind China- US relations is pretty much obvious that China will not support it.
Anyway, as I supposed it will be not easy for Libra at all, things are not going smooth as they expected and this is the story that will not have happy end.

These are pretty obvious concerns regarding Cryptocurrencies. Not only about libra all the Cryptocurrencies face such issues and government around the world are against Cryptocurrencies because of that only. Moreover Europe is against crypto is a bold statement because only European governments as whole are against Cryptocurrencies not individuals as there are a lot of individuals who would love to see growth of libra and other Cryptocurrencies. Moreover the types of influence facebook and mark Zuckerberg has on the states I don't think anyone can stop it from happening. Moreover with the presidential elections upcoming trump would never take such a risk of going against it straightforward.

Additional companies who are now moving away from this project, not sure if this for real or just another part of more publicity while waiting for the launch of this project. Libra is full of controversial and adding more withdrawn of support from those big names will create doubts from this project.
It will be judge if who else will be willing to continue their supports and who are those who will back out and forget about this project.

Libra actually appears a very promising project. The strong factor why a lot of countries are against it is that Libra is a concept of Facebook. That makes everything look different. If Libra were a project started by some other group of rich companies without the participation of Facebook, it would probably have received less strong opposition as it has right now. Facebook's reputation about handling personal data of their several millions of users is pulling Libra down. Add to this the fear of the governments that their fiat currencies might get a little displaced because of how big this project is, and you will have Libra probably extending its launching date to a much later one.

I am sure there will be major pressure from the regulators around the world and we will hear more news from other companies that supported the Libra release because the authorities will push pressure on those companies to withdraw the support and they will not go against the authorities as they will be in trouble for supporting a centralized alternative currency that will destabilize their economy. I will not be surprised if Libra drops their plan altogether.

To some extent, it is about the decentralization of money. Such an experience has already been observed in the United States in 1866.
Now a similar situation, after all, cryptocurrency, although it does not fulfill the full role of money, is one way or another, which means we are again dealing with many private currencies.
And the libra can become the strongest private currency of all, which means it is a direct threat to banks. No wonder there is so much noise about it.

There is too much noise about Facebook in general and some people calling to dissolve it.
Fb is the opposite of privacy so why can anyone be sure that their coin is going to be private? I doubt.
Libra is going to be a real threat to banks but also to many fiat including USD

PayPal already removed his support for Libra project.Visa and MasterCard will follow probably
Europe is against Libra and China India as well.Even survey done in Germany are showing that German citizens are not interested in using Libra.Now will be new Libra hearing at US Congress.But still Libra reprezentant are not able to answer on fundamental questions.

There is a lot of institutions that are against Libra and I don't think that Libra will become successful since a lot of media and government are against to Libra. The latest news is Paypal is backing out from supporting Libra by not attending their assembly meeting and that is an unhealthy sign for Libra since Paypal is one of the biggest financial service in the world. In my honest opinion, Libra's situation will get worse and I think it is not worth it to invest in Libra like having a node of it.

Facebook initiated Libra has been in controversies since the day of the announcement. Their promise of giving banks to unbanked and providing an alternate payment system to the world didn't go very well with the authorities globally. Leading to which, now Paypal has withdrawn its involvement from the project. Though Libra association is going to have a meeting the coming week regarding the steps to be taken forward. Let's see what that yields.

Very interesting, though I don't understand what Paypal's involvement was with Libra anyway.  Its also interesting that several countries have vowed to block Libra.  They must really hate facebook in Europe, and I can't blame them. 

That isn't the main issue as far as I've read.  There's much concern over privacy issues and what facebook will do with Libra users' data.  That's a legit concern, too.  Facebook profits off of their members' data and there's no reason to think they won't use Libra as another data mining operation further eroding online privacy. 

Bet you anything it never launches.

This was something that most of us anticipated because they had problems with regulations since they announce the coin program. However I think that in the end Libra will make it to the surface but the investors lost the confident as I saw some big names pullout out from the private investors section paypal is one of them.

I wonder what will come next for Libra? as it seems not only Europe is against this but China is making their own currency to beat Libra program so if this continues at this high tension maybe Libra will retire from the idea as myself I lost any confident I had in Libra.

Mark Zuckerberg was called for questioning just recently as well, which means even USA is against Libra and it is something that could be used to bring cash from other countries to USA considering Facebook is an american company, so them profiting globally would equal to global profits going inside USA and even with that fact USA still doesn't want something unregulated and uncontrollable to be used in USA.

So, all in all Europe is against Libra, USA is against Libra, China is against Libra. There is no point on keep working on Libra if you ask me, these guys will not be able to go over the legal parts of financial world let alone be used by everyone around the world, I doubt they will continue with the project, closing shop on Libra project is their best course of action.

Also usually third world countries tend to follow the decision of first world countries and that could mean even more problem will be coming to Libra. Even by the withdrawal of all the major investors from Libra could be a huge backlash that could potentially cancel this project.
I'm not expecting anything from this project anyway, it won't even benefit the crypto community even at the slightest but just the hype that could make crypto well known other than that there's literally nothing and also it's centralized.

Maybe making crypto that is adopted by the masses is just simply a wishful thinking considering all these regulation even a big company like facebook could literally do nothing.

It's just a business movement... everyone know that libra has become world attention ( in bad way ) PayPal play it safe , no wonder they pull themselves out.

It's like a mission impossible for Facebook to make their libra used legally around the world, even I'm not sure such centralized currency could bring a good impact into cryptocurrency ecosystem itself, I'll be excited to see how this drama ended .. the idea has been there for long time to use a single currency around the world , but Facebook is the only company that makes this first attempt with their huge sources.

The quits group seems will have more member soon ;D , they are too fear to taking risk supporting this libra project.

It is doubtful that Libra will launch in 2020. Lots of countries are against it, Paypal, Visa, MasterCard, yes, but even the tech company itself is starting to question the viability of it. I don't think Libra will have a bright future, I don't trust Facebook and its owner, so I definitely won't invest in this coin.

Some country might follow Europe stand and Paypal pulling out can hurt the project and will surely affect it. I think Facebook will fail this one, the government are aware about the companies controversy of mishandling users data and they will not allow it to happen again.

Well back in July the US Congress asked Facebook to pause it's development of Libra until they had time to access it's impact:

https://www.theguardian.com/technology/2019/jul/03/libra-us-congress-asks-facebook-pause-development-cryptocurrency

Do we have an update on this investigation, it seems Libra coin is now ok with the congress and no part of the group is leaving the group, and the launching is already scheduled to launch this 2020, I'm sure their lawyers are doing everything, to lobby for the launching of LibraCoin but I'm afraid after the launching, Libra Coin will be heavily regulated and all actions will be watch.

I just hope it's going to be a short-lived project anyways. It has almost nothing to do with the cryptocurrency world and points of view. It's against my vision, so is it against Satoshi's. On the other side though, they made it easy to use so of course many will go towards the "best cryptocurrency". I hate it when the mass media manipulates so much and gives you the false truth: it's NOT related to cryptocurrencies and it's NOT a Bitcoin competitor. And it's disrespectful to the crypto world and to Satoshi himself.

I've seen places stating Libra isn't and will never be accepted in their shop. It's good news for me. And now let's talk about price - it's going to be a Stablecoin.. and privacy'll be gone.. so who cares about it?

Being heavily monitored is definitely the fate of this Libra coin this coin is released by a big company and such a thing is really to be expected.
But, it seems that Libra coin is far from the release. If this coin could released maybe it will make cryptocurrencies amainstream among the citizens but it's quite the opposite, facebook itself seem having a serious regulation backlash if facebook can't get trough the court libra will surely become just a dream.

No, it would still have some effect when it comes to cryptocurrency market.Libra might be heavily centralized but you cant really stop people to mind on what the origin of these coins which would lead up on the discovery of Bitcoin and other decentralized coins.

Im not really that expecting for Libra to have these kind of problems but  as expected for government which isnt really that easy for these companies to bypass out on all things that they do have in mind specially they are tagging up with crypto.

as long i try to speak about altcoins,and also deflect public accusations that say altcoins are a scam.
basicaly, general people think like this, when they see some new coins, and they get some bad thing from these coins, the next happen will be wherever they seeing new coins,they will equate with what happened before.
so the point, i personaly dont like libra, but if they still came to this world, i just really make some hope they will bring positive affect to people who think crypto just a shit digital project.
recently bitcoin etf got declined by SEC, its make more worst on crypto world.

First you have to understand why did Libra emerge... was it because they wanted to fill a gap, or was it Mark being Mark, simply stealing an idea he could not buy, and to boost the stock value.

Of course it has nothing to do with a traditional crypto currency (have you read the white paper before posting?)

Libra is just another EOS alt, a centralized shit coin controlled by a small entity with no inherited abilities of a true crypto currency. Its a mere excel coin...

yes, there is a point. whole crypto is about decentralization and freedom and anonymity
while Libra and facebook proves one thing - they are against it
so I hope facebook won't succeed !

If Libra commences its journey then some payment system will collapse for sure, So after the US government, Now some European countries are against the Libra so far I know, It's not a cryptocurrency that is decentralized, it's a controlled and stable coin so it will hamper the conventional system which exists. One important thing is that Facebook has collected a lot of information about us in the last 15 years, they know every detail of our system and that's why it might be a threatening issue for us which is Libra, So in this way, Facebook will grab all of us by technically so Libra should be prohibited before entering the market, Who knows what in their planning regarding this issue.

If Libra would somehow be able to pull this off, their main aim is to change that statement, make the cryptocurrency as money, and maybe will be used to transact in their platform, the Facebook, which is not a plausible idea for the people in the crypto-space. The main idea is for crypto to be decentralized. That's why these news comes up, some of the companies involved expresses doubts.

I think that change in statement would make it a lot worse for crypto, since government would fire crypto more being a volatile, can be a scam, or other negative statements.

I'd love to know who's providing your media content as none of that is the case at all.

I doubt the US government has to do any more than they have to express their utter contempt for the idea. Europe is already saying they won't allow it and Mastercard, Ebay and Stripe have all pulled out.

https://www.bbc.co.uk/news/technology-50023008

It's toast.

Many companies have left Libra not only Europe against with Libra coin but today got new announce about master card have left Libra and PayPal too, not have schedule and planning about when Libra become show to the public make many company less trusted with Facebook of Libra coin, I think just few days later almost partner of Libra will announce for left Libra.

In the light of recent events, which are disagreements between the creators of Libra and some countries, I think that the parties will look for some kind of consensus. Perhaps Facebook will revise the model of its cryptocurrency and make it decentralized. And maybe the countries of Europe will allow the circulation of Libra coin on their territory with some restrictions.

They can't. It has to be pegged. Someone has to maintain that peg. That someone is the centralised element and always will be.

If they wanted to make a conventional cryptocurrency there's no shortage of existing ones to cut and paste.

Are you telling that you saw places where they state that they will never accept a coin that is not even released and who in the right sense will advertise those to confuse people  ::). There are many challenges for them to over come to come up with their version of a stable coin and i have no idea how they are going to get the government sanctions and if they over come all these and release the coin then it will depend upon the end user whether they want to use it. Whether i will personally use after they release it cannot be said now, it all depends upon the ease of carrying out a trade.

That's the possibility since many partners are showing less interest. Chances that once this project is being completely introduced, more partners will leave and forget about this project. If people sees that the project got less nteresting, it will affect the whole process of success unless it will bring something unique that investors can have big benefit. Aside from that, it's still a big question whether this project will gain success or not.

I'm however in favor of Libra though because its our window to the adoption of crypto to millions of users in facebook. While Libra will become popular, BTC and altcoins are going to be introduced to the users as well.

Anyone heard of OpenLibra? Someone posted about it yesterday here in bitcointalk.
Libra while has not yet been launched its already forked by the co-founder of the Wireline project last year.

There is already an exodus happening right now. Before it was only Paypal. Right now, there is also Visa, Mastercard, Ebay, etc. This is going to be a world harder for Facebook already. If it was hard for them before with the support of all these business giants, it would be harder now that they are almost left all alone in its endeavor. And besides, more governments are voicing their disapproval of the project. It seems they are left with no other choice but to call it quits.

To be honest, I was surprised that those big companies are pulling it out and dropping Libra. I thought that they are really on the boat because of the potential to make a lot of money. But hey, those companies wanted to protect their name too that's why they bailed out as early as today because they don't want themselves to be associated with Facebook or Libra which has been receiving a negative backlash from all over the globe.

Who isn't... :(

It's kinda sad to see a company that actually had decent ideas just end up making so many mistakes and then their partners and other countries ending up shaming them, they had a decent idea of how to use blockchain technology in real life fiat applications.

I don't think they'll be able to go anywhere now, they have no support from anyone and it just looks like a money trap nowadays.

Yeah they are just playing safe. Though Libra is a product of FB which is a very huge company, but since it got negative feedbacks from the regulators then these given companies backed out. You can't blame them either because even the ctowd are now doubting about what Libra can do. As of now, it now only have 22 supporting companies which previously 27. That's a tough one to be honest but it's still early to conclude Libra as a failure. Le's see what will happen in the next frw weeks.

What the continue with Libra coin, will be running for investor or have been stop. I want to see how the Libra coin working the same with bitcoin as function or have other advantage with Libra coin, Libra have great team and many partner but why they look slowly for building their coin and why pass more than six months Libra coin still doing anything whit their project and prepare for schedule of Libra coin.

I think fighting against Libra is really a bull shit. This business is sure to make the US GDP growth very high in the coming years because it has a large market and the US economy will recover most quickly after the Chinese taxes.
this prohibition will certainly create opportunities for China to carry out a similar project and dominate the market. I think this is a mistake by the US government.

I really dont know why this regulators are so afraid of Libra project? Even if this company are willing comply all the needed papers required by the law, the facebook has millions of users worldwide and because of this many people may educate what is cryptocurrency is and how useful crypto is, they are afraid that in the future people will abandon fiat money and turn into digital money that cannot be controlled by anyone.

crypto money refusal and acceptance I think is normal. bitcoin is also like that there are those who reject and those who accept. and in my opinion some European countries reject Libra because they are afraid that Libra can disrupt the world economic system. because libra was released by facebook whose users had already reached 2 billion users. so if all users have libra and then there is a problem or interference with libra, of course it will have a big impact. so maybe libra needs regulation.

I pretty much feel the same. I don't like facebook and Zuckerberg very much but Libra is a good idea. A mainstream fiat company is going crypto, even if it's a centralized stablecoin, it's still crypto. This means that the average person who uses FB and doesn't know anything about cryptocurrencies will have questions.
There's a bad way this could go. Zuckerberg acting like Roger Ver would be one of the worst outcomes for BTC, but let's give them a chance. We should support this project for their sheer effort.

If nothing else the amount of heat and hate Libra is attracting should serve as a powerful reminder that if Bitcoin ever wound up with verifiable and identifiable centralisation everything would turn to shit in a moment.

There are only two viable options in this area - full government sanction or none whatsoever. Anything in the middle is stillborn guaranteed.

After the withdrawal of Visa, Mastercard, PayPal...it is getting harder for Libra to have a high impact, of course if ever it gets launched!
https://www.theverge.com/platform/amp/2019/10/11/20910330/mastercard-stripe-ebay-facebook-libra-association-withdrawal-cryptocurrency (https://www.theverge.com/platform/amp/2019/10/11/20910330/mastercard-stripe-ebay-facebook-libra-association-withdrawal-cryptocurrency)

Lol, you have said my mind, it is a fight they are bringing to us which their system will even favor the government more than us. First, they have created a centralized coin which if used will really exposed lots of us to government, and secondly, they are going to have a stable coin which is not going to benefit us in anyway because of its lack of volatility, so why then should I use Facebook coin when it will not benefit us in anyway.

People can never stand by Facebook coin as much as they do stand with bitcoin, because they know what the worth of bitcoin is to them financially and Technology wise, that is why people will stand against government at any time if they really go for a fight against bitcoin, but people will join government in attacking Libra coin that is a centralized one.

No one forces you to use the services of Libra. If you are for anonymity and decentralization, excellent, there are many options that you will be comfortable with.
There are people who, on the contrary, prefer banking financial institutions and complete centralization to cryptocurrencies, and options must also be created for them. In addition, we already live in a centralized world that is becoming more centralized. Passports, cameras, chips, identification, doctors, insurance and so on. Probably the future will be completely centralized.

We don't know what happened with it tho, I mean they asked Libra development to be stopped in the sense that they can't release a full product just for now, as in they can develop it further but then they would have to be researched once again for the new version, so the July version of Libra probably get researched in depth but we have no idea what came to be about it, maybe they liked it, maybe they hated it, we have no clue about what congress thinks about it.

I doubt they liked it considering every single thing about crypto has been postponed many many times before in order to reach to a verdict but since we don't know what happens to this one all of it would be speculation. As soon as congress gives a public verdict about Libra we will get to see how legitimate Libra will be.

They are only lacking the support of these platforms, but it can never get harder for them to make an impact because if you compare the platform of these companies to them, you will see that Facebook even have a larger user than them and if these payment system you are talking do not support, that should still not stop Facebook Libra coin from fully getting established and support for people.

Libra platform if it is being operated by these financial institutes, it is possible for it to actually over take them and I think this is the reason why they are all very scared of the platform and not giving it the full support that is needed. My brother, with or without PayPal and the rest which I never even like also, because they are all the same, all government agencies, Facebook will still thrive well.

Actually we don't really know what the exact reason behind the creation of this libra. When mark zuckerberg was on trial because of personal information problems on facebook users, many people suspected that mark had had a special relationship with the government. But we should not be prejudiced againts facebook. My personal opinion is we don't need to argue about that statement will be changed or not, maybe it's better for us to focus on the main purpose of the creation of libra which is to reach the current unbanked population. I hope europe and all continent will accept libra because it can indirectly increase the price of bitcoin. I don't think that cryptocurrency pose a risk to consumer or financial stability, but I think cryptocurrency can improve the world economy if government regulate it in a good way.

And why would a government bent to Facebook? It's about control here, would a perfect and working government would succumb to world dominance by a certain company? I don't think they will allow that scenario in the future that's why they are going at Facebook/Libra as early as today so that it would took off next year.

The crypto community are on Libra project in which all are waiting for the Facebook decision if they will still continue their project or not but i heard that they are contacting and negotiating new strategic partners to replace those payment companies who pulled out from the project so lets just wait and see then of what will be the faith of this Libra project.

We don't know if they haven't launched libra and how the market will react. From the analysis of the decision and react of many figures, the possibility of something worse could happen to libra and cryptocurrency. Cryptocurrency can exceed people's expectations, so before launch I don't think there is a certain prediction about what will happen.

As per the latest available information, they still have one payment processor supporting them (PayU of the Netherlands). If they could bring in more partners, then it will strengthen the project without any doubt. And Facebook is one of the largest corporations in the world and they should be able to convince some of the medium level players in this field to join them.

Naspers just recently released a statement confirming its continued support for the Libra project. To clarify a little bit, PayU is the online payments division of Naspers and currently they are the only such company still present in the Libra platform (after the exit of PayPal, Visa, Mercado Pago.etc). And PayU is not a small player. It has market coverage in a large number of nations.

I think people in Europe are just playing safe because Libra is a part of Facebook, which U.S. government would be involved in launching this project in 2020 that there would be a havoc in cryptocurrency, that is why a lot of people has doubts and do not agree in this project.

maybe they worry about their privcy.although there is no correlation between this projects with privacy.but the company behind that affraided .actually libra will be good representation from giant company that participate in blockchain developtment.market should be optimism while there is good sign for top company.

there IS a correlation between this project and privacy. I'm pretty sure that to own this coin they will definitely requires a data verification not to mention that there are something Facebook has done in the past which is considered as stealing data unbeknown by the user.
It's not about Facebook as a giant company participating in blockchain development that actually didn't take most of the people attention at the very least but the fact that Facebook has compromised and violating its user privacy in the past.
It's totally understandable if Libra is facing against the regulation backlash, they also attracting so much attention and that could be a good thing and a bad thing in this case.

I think that world creating a system for the unbanked is what is really getting Facebook into issue right now which is why the government don’t even want to accept the Libra coin because the number of the unbanked people is very high and majority of even the banked that has been looking for the opportunity to leave the system of government would actually go for Libra coin.

I really still don’t know if Libra coin will be able to make it with all these attacks, but I hope that they do make it because with the contribution of bitcoin and Facebook Libra coin to the economy, there is really going to be a very huge success in the adoption of cryptocurrency worldwide. Europe might be against the coin, but there is really nothing that I feel they can do about it, just like the US cannot do anything to destroy bitcoin.

In that case, we can say that it will take some time before Libra is really out of the game. Now that you know PayPal and many other big names stopped supporting Libra then I assume you also know the reason behind doing so. Clearly, no one gave the statement for leaving Libra project in the middle but if you ask me, it is much better to go for bitcoin instead of some currency being controlled by an organization having links with agencies.

Well, that for sure would always be their reaction. When Libra was first announced, Wall Street and Banker's comments were all filled with skepticism. Since Libra is an unregulated cryptocurrency, the government has been against the idea.

If the project is successful, I know for sure that it would be one of the most competitive cryptocurrencies there is, and it might be up to the level of competing with Bitcoin for the number one position. Facebook is already a big platform and they will be able to push the coin. And adding that they partnered with a major players in the payment space, like PayPal, it will help cause the coin to be adopted quickly.

I don't think so negatively like you. Look into the distant future. presidents and parliamentarians all know that letting Libra be established is certain that the flow of money in the United States will increase and the GDP will increase as many people respond positively to this new project. But do you think that when Libra was too big and it was completely out of control, what would be the result? You certainly wouldn't want to see a series of American businesses laundering money through Facebook's Libra coin because the transactions are unregulated. then the US economy certainly had very bad effects.


  If Libra were truly launched, they would rock the crypto world, but the crypto market will surely have a huge cash flow flowing into the coins. but the consequences that it will leave will be very terrible. Does anyone here think facebook plans to do Libra for money laundering?
I think this idea is quite reasonable because Facebook has to pay a lot of taxes to the government every year. This will be a move that shows the shady side of Facebook and I disagree with letting Libra be founded easily.

Right. Libra can't call as a cryptocurrency. It's merely a token that uses Blockchain as a platform. It isn't decentralized and still controlled by others. Due to ignorance, most people overstate the launch of Libra, but Libra is not worth like a cryptocurrency. It is entirely different from what Satoshi Nakamoto wants to use Bitcoin and Blockchain to prove to everyone.

The big question is if Libra were launched, they are under regulatory hurdle and it is highly unlikely they will be able to release it as all of the major nations and their regulatory body is against the concept of a private currency and to over come all those obstacles is not an easy task, either they have to risk the current business model which is successful and i doubt they will go against the power circle to release something they are against.

from the system between libra and cryptocurrency are different. between centralization and decentralization, so that there is no concern about the launch of libra, moreover libra comes from large companies, not from the government, of course libra cannot do much about government decisions

I don't agree that majority of countries and their regulatory bodies are against private currencies. They just want them to be regulated which is kind of natural because you can't let something interfere into your financial and economic system and that you don't define the rules.
What will happen with Libra is yet to see but actually I don't expect to see some dramatic effects as many expect.

Although libra cannot be called a crypto like many cryptocurrencies here but it is a perfect copy, more precisely, it did not follow the idea of Satoshi Nakamoto, it only holds the best parts, compensating for the shortcomings that current cryptocurrencies don't own, since then, Libra has become well suited to the community and to the world market. Obviously, governments of countries do not accept crypto when it is decentralized and out of control but libra becomes easy to control, the level of acceptance will be higher, there is no reason for people to oppose this idea

You can't tell now what is Libra for because it isn't already in operation yet but I have to disagree on you calling Libra can't call as a cryptocurrency. Libra will be a stable coin, an asset backed crypto which means it will be used as means of trading for buying and selling goods/service. You can't just hate non-existent stuff but if you do it will be just a pure assumption.

Libra is much involved in regulation. many big partners like paypal, visa, ebay, mastercard, have dropped out. giving rise to a lot of negative thinking among investors. including in European countries. despite the face of launching their currency. I don't think that will change anything in crypto. and crypto remains considered a decentralized currency.

There is a lot of governments that are against to Libra. It is a huge pain for them to experience this type of resistance from the government and there is no question for me why most of its partners leave their circle. In my opinion, it is useless currency because we already have cryptocurrencies in the market that we can use to execute fast and secure transactions.

Most people are against the Libra and a lot of partners have already back off. The launching of the project is doubtable in the year 2020 as speculated

Even now its popularity among media has started to fade and I'm sure this Libra just can't get approved by the government. the project is just too risky for both the investors and the company itself and could potentially hurt their reputation if anything goes wrong. This more likely to be cancelled except zuck is ignoring all the risk and go all in.

Perfect copy? No, I don't think it could be as good as perfect! And about the government, they accept Bitcoin as a high-risk asset for trading, but not clearly. At this time, the cryptocurrency can't call as a currency, it's just an asset for investment. Besides, you should know the government is worried that Facebook will use Libra to create a new world currency while Facebook has made stains in customer information security. Of course, Libra may affect the position of USD and EUR. A legal currency based on Blockchain is still too far away. :)


Yes, after all, the decentralized currency can only find in cryptocurrency. Libra never achieved this.

Hi,
It is launching to defeat bitcoin. But it will not overcome over bitcoin race. Libra will not get well public response.
So, don't worry it will trash after launching.

Any corporate company trying to do something like this will not be able to complete the project. Government agencies will attack them passively and will make their life harder than ever if they try to pursue.

Libra is basically a digital project about crypto currencies that is as you said planned to be released in 2020. This will be definitely controlled by government as well and Mark Zuckerberg will definitely have all the data of transactions being made. I personally feel that this is a project which is being launched in collaboration with government to divert attention of people from bitcoin to a centralized project.

I think that nothing will change in the end. Because the financial system is very rooted, and it is much stronger so far than the new projects that are being created to improve our situation.
But I hope that everything will change. And our grandchildren will be surprised that there were times when people had less freedom.

maybe it can happen, with libra users all over the world, of course it will be easier to promote to the world, and many governments do not agree with a system that is not centralized because they cannot control it, so this collaboration aims to rival crypto. so that the development of crypto can be hampered by it

Indeed. Every people who uses cryptocurrency for a living does not agree or against in libra because it is centralized that it doesn't have any difference with fiat currency, that is why a lot of people has a lot of doubts if they will start to invest theur money in Libra coin.

of course it will be money only in digital form, from the many rejections in Europe and acceptance in other countries, this will be difficult to predict, whether the launch will be no problem or European countries continue to press libra so it does not come out.
they say libra does not offer a decentralized currency but rather is centralized and controlled.
so they oppose this for this reason.

I have not heard any news about this issue. Libra was created not to beat Bitcoin, and there will not be any altcoins that can do this. In addition, Libra will be a stablecoin and it will be used for payment in facebook and many other related services. But with much recent opposition from European and American nations. The launch of Libra seems impossible and will take longer if they still want to launch it

Is it true that Libra will become a stable coin? I think if that happens the stable coins for Libra are not quite right,
they should not use that, very unsuitable

Eventually every country will create its own stable coin. The one that will exactly compile with their regulations. Reason is that they will want to hold fiat them self. Yes they will oppose other stable coins.

I think many people becomes against Libra when they see that it will compete their system or bitcoin but there are many people who think that it will also give great support to bitcoin as many people who do not know about crypto and using facebook will also know about crypto and will surely invest even in bitcoin increasing the value of bitcoin to a highest value within a shortest time period.

If Zuckemberg really tries to start Libra, he will have ALL the world against him:
I don't know if we realize, Facebook has two and a half billion users, and this makes it the largest country in the world.
If he also has his own currency, he brings the dollar and the euro to his knees.
They won't let him do it. So many accidents happen ..

People are attracted toward crypto because of the profit, it's what majority of people see in crypto, profit! When you see this forum and comments you will see that many high ranked members don't know what is blockchain, what is bitcoin, what is centralised and decentralised nature, many people don't know basics about crypto.
Libra is just a project, like any other project, with one difference Facebook is behind that project and their partners, and we all know what is Facebook and how much money Mark have. So they will lunch their project one day, they will come up with solutions for agreement with governments across the globe, and people who use Facebook will maybe use or earn libra.

The number of people who do not want the Libra is small. There are many reasons for this. States do not want any activity outside their control forces. States strictly follow foreign exchange policies. Libra may disrupt this foreign exchange balance. A currency that has millions of users at a time. Can we call it a new state?

Europe has a tense relation with Facebook itself which is repeatedly involved in misusing the private info of a user.
Europe is basically the only proponent of personal freedom. They made google to delete personal info of a person on request.
They are quite sure Libra would be risk to the privacy rather than a supporting tool.

I tried to follow the media. France opposed the Libra, if I remember correctly. It is normal that they do not want competitors in the euro zone. States do not want the power fields to shrink. Because if the currencies weaken, they lose control.

Europe disconnected from Libra and several other major players. This is a fact and investors can only wait.

Investors in Libra ? I think you don't really get the point of such a private money institution. It will just be useful for wealth transfer out of a crashing economy into more stable ones.

France and Europeans in general are opposed to Libra and will not allow it. Same goes for United States.
Libra is a threat for their economy but they just talk about Facebook and its poor confidentiality management.
It may have an effect on the market but after loosing the support of VISA, MASTERCARD, PAYPAL, EBAY...it will be less effective

Also a good read if we do talk about reason why government doesnt really like Libra.

https://hackernoon.com/the-shocking-reason-why-the-united-states-wants-to-stop-libra-5ee97d68647e

Some said launching wont be postponed but to see to these critics i can really say that it wont really be that simple.

however, the conflict made many promising partnerships come out, as you mentioned. I didn't really follow the development of Libra after Paypal, Mastercard, and other partners came out, I think German and France really influenced it. however, I feel that they might feel that their fiat will have heavy competition and can make it useless.

Perhaps all the leading countries of the world, including France, Germany and the United States, express their dissatisfaction and the final desire to ban the implementation of the Libra project.  I am sure that this project will never be realized.  In addition, we must take into account the fact that in 2018 almost 90 million users leaked personal data on Facebook, and in November 2019, the Facebook administration recognized another leak of user personal data due to the fact that Facebook allowed access more  than 100 applications to the personal data of users.  And now we are starting to talk about the Libra project as something grandiose.  Personally, I will beware of this project anyway.

But one wrong move by the Libra team will be remembered for a lifetime by the users, aside from that it is also risky for the scoial app which is facebook, they will meet the same fate when there are somethings isn't right anymore. So far if things go smooth then
I guess it could give a fresh start for the massive dump of crypto and gain the trust of the people again.

Libra isnt crypto so why should it effect anything that we concern ourselves with.   Its viewed somehow within in the same phenomena of online digital currency but really its nonsense, almost all the major western currencies are never printed physically but largely are transferred between balance sheets and exchanged digitally constantly seamlessly.   So Libra isnt that much different, the interesting point and only reason I'd like to see it go ahead is that it varies from a strong dollar tie and maybe thats why the major powers are opposing it possibly.
   If somehow in these muddy waters, Libra is seen something like Bitcoin then I guess its something we got to discuss.   I dont see it as advancing the game, we have paypal or whatever FIAT standard and its very likely similar to that.   It doesnt really matter if it stops, goes ahead or is a giant success - I might be too dismissive but I think thats a fair guess.

I don’t like the fact that Libra is from a mega corporation. I understand why a government would be against that. They would want to control their own cryptocurrency or support a decentralized version rather than a company owned currency.

https://www.france24.com/en/20191227-swiss-minister-says-facebook-s-libra-has-failed-in-current-form

Switzerland says no.

If its adopted home isn't having it, a place that's vastly more progressive in crypto legislation than most, then it's safe to say Libra has bared its fat, pasty rump and is now waiting for a fork to be stuck in it.

It is indeed was not made to beat bitcoin.
In addition to luckyflop I'd say - it is already in trash before even launching, Libra's partners left project like a month ago

indeed it is widely heard that in 2020 Facebook will launch it, I do not know whether this is good news or bad, because of the centralized system used. for the near term ethereum 2.0 news seems to have not been widely circulated, even though according to plan in early January 2020, will this work? we see together