Bitcoin Forum

GlobalCoin is coming. What are your thoughts on this new Facebook-made altcoin? What have you heard about it?

Share your first impression!

I have heard this news on our national television, and this is probably the right news. Facebook will deploy it in 2020, I think it will have a very good impact on the market when opening a trend for the world's leading companies to enter the crypto market, from which more money will flow into this market.

It will surely have good impact on crypto market in general but some are saying it will outrival bitcoin which is very hard to believe for me ,globalcoin will do fine no doubt but can't rival bitcoin

It cannot rival Bitcoin, I agree with that, I share the same perspective.

However, what makes you think that it will have a good impact on the crypto market in general? Because it inevitably raises awareness for cryptotechnology & DeFi?

Here's the simple comparison:
Facebook's so called "globalcoin"-A centralized token which is backed by a multi-billion USD corporation.
Bitcoin-A real cryptocurrency that is backed only by it's community.
It will be a nasty fight,I guess. :'(

If this coin, be introduced into the public then i am sure, it will be bought by almost all crypto users, it will be soldout i am sure of it, as we all know how powerful facebook is in terms of its marketing, and its one of the marketing giants in terms of promotion, so maybe the price could be more higher compared to the others.

starting from the name everything is wrong with this coin. it is not even a "global" coin because they are excluding a bunch of countries from their list and state that they don't allow them to use their token which shows the next biggest problem with it which is its centralization!
not to mention that this is Facebook and they are known for selling their user's information to the government.

This can be considered a huge news for the crypto market, it marks a large-scale company like facebook participating in the crypto market. I hope this is the beginning of crypto being more widely known and the government will facilitate crypto development. Anyway, this is a very good news.

I read a lot of threads on it, and it is this the topic of the month, this is forthcoming it used to be speculation but now everything is concrete I don't see any problem with Globalcoin we need more coins coming from a big company or create by popular personality, it's been a long time since we had a huge project and investors are waiting for the opportunity.

Wow, good point. I myself would be enticed to buy this and see where it leads me. But yeah, no way it can rival Bitcoin at all. It may be on the top coins in CMC but BTC is here to stay.

 I have also heard  about the upcoming Facebook coin and i fervently pray it becomes a reality . the introduction of cryptocurrency into  facebook will be a great addition to the cryptoworld and more people will adopt the blockchain technology considering the number of facebook users.

You should learn how to read between the lines.

I don't know if they are going to be a good addition, specially if the coins are just for one specific used only, to be used for remittances purpose.

There could also be hint that this coin will not be public. If that is the case, then we can't support it, just saying.

First of all this is a good moves for Facebook CEO for making a Globalcoin in that case cryptocurrency will be boom again in the market and people will be aware that crypto is legit because we all know a lot of people thinking that crypto is a Big scam. Adaptation is one of need in cryptoworld to see some huge pump up, blockchain technology is being popular because of its good impact and helpful to the people and its business.

I have also heard about altcoins that will be launched by Facebook, and said that they will be welcomed by the crypto community, and that is a very good thing, because Facebook itself is also very well known in the social media world.

As I said before, I don´t know what to think for now
It's a crypto, but not decentralized, I don´t see why they need a crypto, and most important, I don´t like facebook policy, it's totally against what we guys trust here in a crypto community

So you’re part of the Globalcoin team? Well, i don’t see your reason to create new account but I think globalcoin will be good in cryptomarket. I can’t see the function of globalcoin right now, i’m still clueless about it but if there’s an available resources to know more about Globalcoin go read it and study globalcoin, Facebook is a good social platform so these future coin can also be good.

Maybe it will help people to use facebook better, or maybe this coin can be used to buy something in Facebook. But for me it is still altcoin even it will more famous than bitcoin. But bitcoin already central of crypto.

I did not know the exact definition and function of globalcoin,all I know that is created by facebook company so I am sure that it will become famous and it will easily adopt by the people when the time that facebook page will promote it because all we know that facebook is the most powerful social media all over the world so it can easily to promote about globalcoin.

With such a large number of users, I think fb will soon thrive and have a top 20 position on cmc. If fb releases the coin, the crypto market will be more interesting

I only heard about it here on forum and on social media, and some video on YouTube, i think is good to have new coins coming, but if the coin is centralized and will be used like a stable coin is not a good coin to invest on to get profit.

I heard that they want to make a stable coin, for the convenience of trading on the Internet. I hope that they will succeed, it would be great.

They are not yet finalizing everything the last article I read was they are building a team around it, and they are going to launch last quarter of the year, we will read more news about this Facebook before the launching so I expect a lot of new threads about it, because  people believe this is the biggest coin to launch in three years.

As a stable coin there will be no reason to hold it. As a method of payment, I'd rather use a myriad of other untainted options.

It will surely have good impact on crypto market in general but some are saying it will not equal rival of bitcoin globalcoin will do fine no doubt but can't rival bitcoin

Well I can see that a lot of persons don't really love the idea of facebook creating a coin in the crypto space saying that it would just be a centralized stable cryptocurrency, well I don't doubt the fact that it might be a stable coin facebook is launching, but we should know also that this act will not only cause a growth in facebook, but it would make a lot of people who doubted the crypto market begin to believe in it since mark is now getting involved.

There's already a lot of news about Facebook launching their own coin since last year, and after they've made an announcement people are already expecting more news about their own coin, it's big news and will headline a lot of news this year and the following year, and people are going to wait hopefully no ICO since they already have funds, but listing in top exchanges is a must.

 In my honest opinion this is a decent moves for Facebook CEO for making a Globalcoin.
When you consider the direction the crypto space is going, it is only a matter of time before mass adoption and all things considered cryptocurrency will be blast again in the market and individuals will accept crypto worldwide has a genuine means of value transfer. Adjustment is one of need in cryptocurrency market to see some tremendous pump up, blockchain technology is being well known due to its great effect and accommodating to the general population and its business.

I'm positive on it, I read that they are going to utilize $1 billion just to make their coin on top, they meant real business, and they will soon become a big threat to other top coins in the market, but it's good that they are coming in now it's an additional option for investors to make a profit, it's a big win win situation at last one big project again.

Maybe we should prepare ourselves when Facebook wants to launch their altcoin, because I believe this will have an impact on the crypto market, because Facebook is a big company.

 if the launch of facebook Global coin becomes a reality it will be a good idea in my  opinion . imagine the number of facebook subscribers using the Global coin , it wont only expose many to teh blockchain technology and the use of cryptocurrency , but will also lead to  a boom in the crypto market.

They will be bringing additional options for people to learned more about crypto and blockchain system, this additional competitions inside alts
,market will make an impact, as it was expected by investors and traders who's buying the news and taking it as opportunities.

We ain't now yet what will be the real score about this GlobalCoin of FB and how it work around crypto industries.

Well I think this Facebook coin will be highly on demand to all who really want to buy. It's so far the launch of this Facebook coin but many are excited about the Facebook coin. We'll let see what will be the effect of this coin in crypto.

Although I don't have much information about them or about the coin itself, I hope that it will give another competition between the other coin so we can have more chance to make a profit from the globalcoin.
But we need to wait for they release the coins to the public so we can start to invest with them (if we want to invest with them ;D)
But it still difficult to compete with the other coin since the other coins have already had their history and maybe globalcoin need time to increase their price so they can start the competition.

It would be the biggest event in the crypto currencies history. Facebook is such a huge company with outstanding influence and if they are going to go blockchain, we would definitely have a huge wave of new supporters.

The Facebook globacoin to me is a good this that can create mass adoption on the blockchain technology and create more popularity on the cryptocurrency market. So it's a wise investment to me and I think the price of it will be good.

I heard that the majority of large countries will not be able to use this coin. It upset me. And I did not like this policy. This coin does not deserve the name global.  >:(

Are you sure about this altcoin?
I welcome if the plan really happens. Because in my opinion this is an advance in cryptocurrency activity and we should support it.

Facebook has surely brought great money and minds on this project, but I don't believe that it will impact the sector that much. Maybe people will use it on Zuckerberg's various platforms in the very beginning, but I doubt that the token will be used that much. This seems more of a symbolic approach from the institutional players to make crypto seem more secure and usable to the masses. Apart from that, I really doubt that it will have any Wow! effect.

That is if the payment method you mentioned will be accepted by Facebook. One thing that we need to get clear is that, Facebook coin may not be a global currency as people thought it will be, Facebook will only be a stable coin that will marketed to its users, and when we talk of users, we are not talking of regular users, but the commercial users on its platform.

We have millions of commercial users who would be willing to go through any method Facebook imposes on them because of the usefulness of Facebook platform to them in marketing their products to end users and regular customers on their platform. So this coin is not actually going to be for everyone, but for specific people on their platform.

Well said, Facebook coin will help in the adoption cryptocurrency and make it known globally but it is still an altcoin. Bitcoin is still the number, I don't think it is possible for another coin to take its place.

Facebook and crypto. What can possible go wrong  ::)

yes the recent news i read facebook want hiring Blockchain engineer for development blockchain for facebook blockchain project as i know for now.
i didn't heard another news from facebook blockchain project

I think it will highly demand coin. The IEO/ICO will be finished in a flash. I think it is a good point to combine the crypto with social. More newcomers will join with crypto.

This is a good step from Facebook team, and it shows the level of high support gained by the cryptocurrency, it equally means cryptocurrency is not just a bubble as been alleged by some economic pundit. Facebook coin may not itself directly affect the market since it's a stable coin but will further make Facebook users to study about cryptocurrency. 

Its good that facebook recognises opportunity and they are taking deliberate move to be among the early adopters.  This will increase the overall popularity of cryptocurrency globally

I may not invest in Facebook Coin because of the fact that its designed to offer stability rather than the kind of green and red candles that produce profits and loss but I am quite sure it will drive traffic in the media and woo new cryptocurrency investors

A lot of excitement begins to happen around the facebook crypto. Some fear it, others think it can be a catalyst for adoption of cryptos.

I do not really know what to think of it at the moment, since it will probably be a stable coin, I do not worry too much. To be continued :)

It is hard to tell without the whitepaper. From investor's point of view, being an early adopter may pay off well due to the media buzz around the Facebook coin. It can also draw attention to other altcoins.

    It is designed to be a stable coin having a stable price, to prevent any fluctuations in the prices during the payment process. After speaking with the financial institutions, Facebook is thinking to contribute 1 billion dollars of may international fiat currencies, to stabilize the price, serving as a collateral.

They deserve headlines now that they have finally going to launch one, this has been going on since the creation of Bitcoin that large companies will have its own version of cryptocurrency and this is not surprising, I thought that we should all wait for the whitepaper to come out, there's too many speculations already might as well don't add more on it.

I think Facebook's GlobalCoin will be a potential and great new coin. This coin will become a new coin that is able to compete with the very volatile world of crypto currencies. This GlobalCoin will later have many enthusiasts and fans. I think this coin will be easily recognized by the public because it has a Facebook platform that is able to promote the coin easily. Facebook itself is a large company so there is no doubt about its platform. Without using any bounty campaign, this coin will be easily famous.

This is a shitcoin and it has no value. I don't know why we should buy this coins while facebook has stocks. Crypto and stocks at the same time?

If this is a shitcoin, it would not create a headline in the crypto news, just think about that.
It's better if we welcome them as they are embracing crypto, this is a good news for us and even if you and me will not buy this, I'm sure there's a lot of investors out there will see a positive thing for this coin, and will buy.

I already read some of news from social media that facebook is launching i guess it would be interested for the many investors how would affect the crypto market when it is already get in the crypto space. Facebook is very popular social media so i guess it will popular too in cryptocurrency.

Yep! Some days I also seen the some of news that Facebook will make its own coin (GlobalCoin), maybe this situation will encourage the increase of Bitcoin?

I doubt about it, since facebook coin was managed by one party, price movement will be same with dollar movement price and it will be use as a tool for payment system. And this is different with bitcoin, as far as we know bitcoin is not managed by one party and its movement price based on supply and demand which mean everyone who knows about facebook coin will ignore bitcoin and even maybe the user of cryptocurrencies will move to use facebook coin to be use as payment system, but for an investment place they will choose cryptocurrencies.

The facebook is now launching their own coin and many of us are waiting of it and most probably it would be great since facebook is really popular to the whole world and i believe it is not hard for the facebook to be the top altcoins in just one year.

If this global coin like stablecoin, i think its not an investment. But if global coin have limited supply like bitcoin, even centralized coin, i think the price could increase and could be an investment because most people in the world become facebook member

From what i am read, this global coin or coin made by facebook can transfer via whatsapp or others application made by facebook. If this happen, people can make transaction more easier and faster because more people in the world must be using whatsapp or facebook or messenger

Like many other shitcoins. For what FB need own currency? For own control only. And do you want currency under FB management? I don't think so. After all fails that FB made already I don't want to use their money. Thanks

many actual functions. If you see Facebook there is now a feature to buy and sell, and they work with several game players to do live streaming, and they get paid from Facebook. I think it will be very important Facebook can control their own money. and crypto might be one solution.

I heard about it and they have over 100 personnel working on it, from what i read the white paper will be release on June 18 but its not final, facebook are being ask about it but no further comment have been given so it might not launch this year but surely they are preparing for there own crypto currency.

People just need to analyze things first before making utterances, I don’t know why people are so use to the annoying word shitcoins, and then use it for a project that has not even been tested before proving it wrong. How on earth can Facebook coin be a shitcoins with all the reputation that they have and the entire large user database that they control.

Out of the over a billion users that has been recorded to be Facebook users, 10 million adopter is more than enough to make use of the coin for whatever purpose it will be created for which I am sure will just be a stable coin for utility purpose as against the global coin people thinks.

Facebook coverage is very vast especially with the current internet world. With this, the stablecoin facebook is about to creat will surely have an impact right away. Partnership is also along the way which will surely increase it significance in cryptocurrency.

I would rather call it Zuckbucks then global coin.
Because it sounds more like what it actually is and this is suckerbucks. ;D

I forsee a major Boom in the crypto industry with this project. Facebook already has a global audience and this will only serve as a proper marketing tool for crypto thus, introducing it to a lot of people all over the globe. This will in turn lead to more investments. The crypto industry is set for a major Boom.

Libras what they call them is gaining popularity faster than a wildfire. In my opinion, this is what people need nowadays, a crypto that will be  as stable as possible than any other crytpto currency in the circulation. It is a good thing to know that big finacial firms and brands are looking out for it enough to back them financially.. With this, people are noticing the trend having trust in this coin even before its release.

FB has sold their nodes to some handful of multi national companies, which imo is against the concept of decentralization.

For me it will be a big success as Facebook has lot of users around the globe and as one of the most famous social media they could easily promote their FB coin to the business world. Hopefully they would really become a success as i believe that it will help the market to become more healthy than before too.

Unlike my previous estimation, this coin would probably disrupt the current crypto market and compete with well known coins.
As it would be backed by other large enterprise like VISA, mastercard and Paypal it is sure to have it's own card and be used in banking sector.
With Uber on it's team, it would also be an utility token. So, it could really be the first global cryptocoin.

Facebook coin can disrupt current cryptomarket but i dont think will disrupt on market cap value. It will increase people who want to invest because with more big company join, it will increase people confident to invest

In the beginning, what I heard was clear that the conception between the new one was made for a long time, but if it was seen from the game, it was actually the same between the two and it didn't even have anything to do with Facebook so we don't need to know everything that updates
 

With members all around the world, facebook coin have big potential in the future. Transaction could be peer to peer because every member can make transaction with facebook coin directly with third party like banks.

I've got this ambivalent feeling about facebook launching a coin..

It'll probably turn out to be a very popular coin because the succes of Facebook - but a coin owned by a company smells bad.
If Facebook manages to make it feel comfortable for everyday human beings using the coin, they might surpas bitcoin in terms of marketcap - but who knows?

I've always thought that the big flaws in cryptocurrency is that its volatile, and no one really knows what it is (again "normal" people)
Facebook is one of the largest companies in the world, who has people actively using their site from all over the world! even old people!
imagine facebook could convince those people using their coin.. :o

I'm not that excited about the upcoming Facebook coin ,not until I see how its been welcomed into crypto space ,just because Facebook is a very popular social media doesn't mean the coin will be better and I heard it will be a stable coin so I'm not excited about that

Facebook global coin is pure centralized coin which can be governed by most of the top wall street investors instead dealing with US dollars they all are pumping facebook global coin

If that will be so, wouldn't it be nice if we ride onto the first wave? If they will treat Libra like savage bears and whales why not be the first to do it? After all, crypto is like a game of firsts, you observe, wait for the perfect time and just dump on it like most of the people do.

So far it is difficult to say something, but I am sure that facebook knows how to attract top investors and big companies, by the way, which have already been attracted and soon we will know how much facebook will collect on the sale of their tokens and further development plans.

Facebook can attract big company because the platform used by many people in the world. Beside that, facebook is listed company in wall street and already make profits. It could be great if facebook create global coin because increase awareness on cryptocurrency

Nouriel Roubini said: Globalcoin has nothing to do with Blockchain, is it true?
Globalcoin is very much interested by big financial companies such as Visa, Paypal, Uber, etc. Each company has invested 10 million USD.
With a large number of Facebook users, I think Globalcoin will be very developed.

It'll be a Global coin of its own. I don't see it as a bitcoin contender but I feel it'll be more popular amongst young adults who use facbook and insgram to express themselves. I don't think it would be that popular though, perhaps popular in the beginning but I don't think it will keep up under the pressure.

By itself it's just a shitty blockchain solution, on the other hand it could either bring some benefit to the crypto world or destroy it completely since they are promoting a centralized solution led by big companies.

if it can increase the number of mass adoption of crypto ownership in the market, I think that would be good for the market. but I don't know there will be a negative effect from Facebook entering this industry or not. we will see it later when everything is really running.

As i heard  that Facebook is going to issue Globalcoin as a ‘stablecoin’ pegged to the US dollar. This will remove the volatility that is a difficult factor of the crypto market, at least for merchants and payment service providers.

I totally agree with you! Facebook controls each of its users and can provide information at the request of us intelligence. This social network is subordinate to the American government. All cash flows of users will be known to the us government and the us tax authorities. If You have something to hide, then using a token from Facebook is not Your option!

Looks like Libra is actually going to be pegged to a basket of four fiat currencies to begin with: JPY, GBP, EUR and USD.

So far it's practically the same as other stablecoins, with the only major difference being the huge number of partners Libra will launch with, and of course backing by one of the big four (GAFA).

If it is tradeable on public exchanges, then I expect Libra will eclipse Tether and TrueUSD as the number 1 stablecoin.

your so fucking dumb hhhhhhh in the moment you ask this better stay away from crypto you will lose and with stable coins there is no growth

If its a stable coin theres no use as investment anyway Tongue

be aware of false hopes and other scams and shit,,its very simple to know that stable coin its not about investment relative to the the MIND read it, because if you exchange dollars to euro its not called investment and dont bring roi(revenue) like cryptos and the same with stable coins its like to exchange dollars to euro or other fiat money


ASK EXPERTS IN BLOCK CHAIN MAIL THEM AND ASK IN NICE WAY ** they will say if you exchange money fait to stable crypto coin it like exchange dollars to euro or other paper money its not growing SO what the point to exchange and even more scam what you will by in facebook stickers for libra stable coin scam

in other w0rds n0n of the ab0ve guys so be aware...why we here to invest and and grow crypto indusrty


g0od lu3k

**

when somebody say bitcoin vs facebook its mean his mind empty but there scary shit he is dont aware him self and feel everything is normal, ... smart people say thanks god i dont lock inside mind like that because i was fucked up my entire life

do you get it ...

https://www.reddit.com/r/CryptoCurrency/comments/c2ds7f/crypto_industry_leaders_binance_bancor_bitfinex/erjy3rx/

"Hello, USA resident here. It's insane to think about how almost every single person I know tells me that getting into crypto is a mistake and I'm dumping money into a 'bubble'. Yet suddenly when Facebook opens up a 'crypto' almost all top companies accept it and now everyone is excited for it like ??? Even my dad is interested in it. Weird how last year when I mentioned something about it he called me an idiot."

In my opinion, Facebook coin, Libra (official name), might become another big scam coin, like Bitcoin Cash. It might be a big scam coin, in aspect of anonymous for their users. Facebook, years after its birthday, has never been a private platform, and their users' identities leaked from time to time. With Libra's whitepaper, and based on core developmental strategies of Facebook itself, I don't think Libra coin will bring any sort of privacy and anonymity for their users. Even when Libra used to pay for likes or other kinds of things on Facebook platform, users will have to do bunches of KYCs in order to withdraw their money (I believe).

Facebook will really release their crypto in around 2020, the Libra Coin. Well, I think this can be one of the global coins that will worth better. It is kind of a stable coin. Probably, it may be ready to be used for any kinds of transactions in certain countries, moreover, it has great partnership with other financial systems around the world. Let's see how this coin will really exist.

It is going to be used by masses, probably that is the reason US is having issue with facebook launching it. The only reason i don't like libra is because it's too centralized.

As I understand they will NOT have full control over libra. All of the investors will have minimal power. However, Facebook can choose all investors, this might subvert the system in the process. Must be very careful with libra tho.

Thank you for the fair warning, but it looks like you are not alone in this mindset, US government too. So Libra of Global Coin is going to have a rough road in the beginning of their existence.

I'm not sure if this is good though, or if this can bring a lot of changes from their perspective. So let's see how everything goes, a lot of hype, everyone is excited and majority says it will be a game changer.

Most probably your thoughts about investors of Libra will happen considering they already have partnerships with different companies. When this happens, Libra will surely a stablecoin controlled by a few.

Knowing that it's a stablecoin backed by US dollar, will make Libra facebook coin better than other altcoins due to the stability of its value. We know that the new generation of cryptocurrency in form of stablecoin is getting much attention that might eventually get closer to mainstream adoption.

As you know Facebook will launch its coin LIBRA in 2020 and will be boost crypto market but will be negative impact on banks.

The Globalcoin has turned to be a rumour. What Facebook has is Libra. Frankly speaking, I think it isn't going to be an all -win situation for Mark and his Facebook. It's a mixed reaction kind of thing. The first being that the banks will be heavily affected because of Libra as many advertisers on the Facebook platform will have to boycott the banks and deal directly with Libra. Secondly, a massive awareness about cryptocurrency has already been created now since the launch of Libra a few days ago. Thirdly, a lot of people will want to avoid using Libra because it may not guarantee anonymity which is what Bitcoin is about. Facebook has the data and information of its over 2billion users and can easily track them wherever they may be. This is sad, honestly.

Everyone here knows what is right and what they want, if Facebook coin does not represent the reason why crypto was created, we have other coins that does, most especially Bitcoin, the choice is left to users to choose between decentralized coin or centralized coin.

We can talk and shout from now till tomorrow, the coin has already been created and will gain popularity because of the reputation the owner has already built, so we should stop bugging ourselves over this Facebook coin which is simply just a stable coin to be used within their system for so many of their Facebook platform features.

Not very impressed with it. I wouldn't even call it an alt coin. They are just some centralized coin. I don't see much difference between Libra payment system and Paypal. The only main difference is that facebook will be using the blockchain technology. If I am not wrong, even the price will be 1:1 in terms of USD. Was never a huge fan of centralized coin. Though this might help people to better understand the blockchain technology. So yeah, we do have some good sides over here.

I don't really know much about that coin but I have seen news that they have launched a website for the coin and also released the whitepaper. Btw… The name of the coin is not globalcoin, it is named as Libra coin and it seems like the coin is. Going to be a stable coin. I don't even know the purpose for it yet. But I think it will be linked to Facebook social media and people who make use of the platform will be able to access their wallet and be able to send and receive the Libra coin which is pegged 1:1 with usd. For now I'm just looking out for more news on the coin and I'm not even sure whether I will be having interest in it.

Certainly, I have heard and read a lot about the Facebook coin, and I think that many people will support it. probably, I will also get some, although it is expected that it will be a stable coin. Let us come to conclusions when it is launched.

Will it be considered an altcoin or its own distinct asset? Regardless, it is well hyped and will draw valuable attention to the existing cryptocurrency market along with all the exposure gained recently with other major brands joining the party and will also hopefully make these types of technologies more attractive and user friendly for everyone to benefit from

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

This Facebook coin  is everywhere here on this forum, there are so many speculations some people think that it's good for the community, other think it will fail because of the data and of it as a stable coin, I would rather wait and  see, what will happen when it launches, could be another big hype like all the hype coins in the past, or another milestone in the making.

True.. in fact if you take a look at Libra team (https://dldb.org/titles/13) , David Marcus (former President of Paypal) is the co-creator and leading Libra/Calibra wallet project.

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

It's not a cryptocurrency we all know. I don't know what we could call it but it is a centralized currency running on nodes governed by private companies so the blockchain itself is useless. Recently, it is also requested to stop the development by the main reason that it is against the financial system, bitcoin is but nobody controls it, Libra would get taken down soon along with facebook if they wont' stop.

Follow this link for reference ;
https://coingape.com/libra-vs-congress-us-law-makers-halt-libra-development/

Libra Isn’t a Cryptocurrency. It’s a Glimpse of a New Asset Class

https://i.imgur.com/qvo3v02.png

https://www.coindesk.com/libra-isnt-a-cryptocurrency-its-a-glimpse-of-a-new-asset-class?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

The organization has chosen to brand Libra “a stable global cryptocurrency,” and the label “cryptocurrency” has been replicated by media around the world. Yet Libra is not a cryptocurrency.

Naaaaa! I don’t believe it. This incoming new altcoin will surely be centralized, will be a stable coin from which i’ve heard about and will have its specific purpose different from that of Bitcoin. It will surely be for the use of these leading social media facebook and WhatsApp and can’t be considered a digital asset like bitcoin.

A coin from Facebook can be considered as an official cryptocurrency asset. But other coins may have problems with regulation.

But this one will have the worst aspects of a crypto currency.

A controlled corporate crypto currency that is there to profit from its users to gain more power in the world.
Great speech by Andreas here (https://www.youtube.com/watch?v=7S6506vkth4)

Now its its looking like Circle exchange ceo Facebooks Libra leads to regulation:

https://i.imgur.com/0yNrQiu.png

https://cointelegraph.com/news/circle-ceo-hopes-libras-unique-needs-trigger-positive-regulation

Jeremy Allaire, co-founder and CEO of payments company Circle, said that Facebook's Libra will run in a closed-loop permission scheme that has its own requirements for regulation during an interview with Bloomberg released on July 5.

Bloomberg video:
https://www.bloomberg.com/news/videos/2019-07-05/circle-ceo-says-public-blockchains-with-financial-applications-are-just-emerging-video

People’s Bank of China (PBoC) seems uncertain what to think of facebook coin:

https://i.imgur.com/47OxBIB.png

https://www.coindesk.com/facebook-libra-threat-could-spur-work-on-chinas-national-digital-currency-pboc-official?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

With Facebook’s Libra cryptocurrency potentially posing a threat to traditional money on various fronts, China’s central bank could hasten development of its own digital cash, according to a People’s Bank of China (PBoC) official.

To be honest, I fear this coin. I just do not understand how Zuckerberg, which is related to information leaks, can be connected with the concept of cryptocurrency. This is idiotic.

we used to be afraid of the banking system, which, together with government agencies, controls the funds of citizens, but now we will be afraid of one person, whose authority will be all personal information and information about the amount of funds and transactions.  No wonder the US Congress is trying to counteract this project from Facebook.  We can say with confidence that Libra will greatly undermine the economies of many countries in the world. 

And now GEMINI wants a part of this:

https://i.imgur.com/gNMRz9F.png

https://www.coindesk.com/winklevoss-twins-gemini-exchange-may-join-facebooks-libra-project?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

Tyler and Cameron Winklevoss, co-founders of the New York-based crypto exchange Gemini, may soon join the Libra Association, the consortium governing Facebook’s proposed cryptocurrency.

“We’re definitely looking at it in earnest and we’re excited about the project,” Cameron told CoinDesk Tuesday.

Mixed reviews but interested to see how regulation will pan out with having such a thing in place. It's interesting that Congress is already taking action on Libra even citing Ciphertrace cyber security report in their letter. They see 1.2 billion in crypto fraud/scams reported and a red flag is raised

They are aiming for global acceptance on their coin but we should call it LIBRACOIN.
All i think i this is just HYPE now and we can depend on it wif we want a good in come in short time.
But as i look it for a long run, this will not be different to XRP and some others.

Japan to Look Into the Impact of Facebook’s Libra Ahead of G7

https://i.imgur.com/fz5kGEG.png
https://cointelegraph.com/news/japan-to-look-into-the-impact-of-facebooks-libra-ahead-of-g7

Japanese authorities are investigating the impact of Facebook’s Libra stablecoin, Cointelegraph Japan reported.

Per the report, Japanese authorities have set up a liaison conference tasked with investigating the impact of Facebook’s stablecoin on monetary policy and financial stability. The conference will reportedly consist of the Bank of Japan, the Ministry of Finance and the Financial Services Agency and has already started meeting this week.

The report claims that the objective of the newly formed group is to coordinate policies that would address the consequences of Libra’s implementation on regulation, tax, monetary policy, and payments settlement.

Unspecified officials reportedly noted that they hope that more tax and financial regulators will join the group, given the broad impact of Facebook’s project. Japan has taken the initiative on ahead of the upcoming meeting of the G7 finance ministers in Chantilly, France, on 17-18 July.

As Cointelegraph reported at the end of June, France created a G7 taskforce to examine how central banks can regulate cryptocurrencies such as Libra in anticipation of the same summit.

It is not only regulators who are worrying about Libra. Yesterday, news broke that Ethereum’s co-founder Mihai Alisie is concerned that Facebook is attempting to hoodwink regulators into approving a centralized “cryptocurrency.”

The ideas of Facebook with Libra coin is not new, that actually did by Tencent and their coin years ago in China. However, Facebook will hardly to success with their Libra, at least in their nation, the USA, because that nation has very strict managements on crypto currency. I don't think Facebook and Libra will get their success soon (if allowed to launch by the US.Congress).

Stable coins simply do not exist in my minds. There is no benefits to invest in stable coins, that what Libra coin of Facebook is. There are promised use cases of Libra, but I doubt that that coin will bring benefit in aspect of investment to its investors (if Libra will be legally launched in the USA).

Facebook is the largest company in the world and it has every chance of success of its Libra coin. But while they can not deal with their laws, which will determine the legal status of Libra-coins.

because the main problem is the government was doing anything to destroy it dude. This is the first time anspd do you know what the responses that already made by us government? US is rejecting it and regulators bring libra’s case to the congress.

All eyes are on Facebook because Facebook has members all over the world and facebook is big social media in the world. If Libra Coin success and people start use for transaction, this will affect people's perceptions about cryptocurrency and there may be many new investors in the cryptocurrency market.

Facebook’s Libra Should Be Regulated Like a Security, Says Former CFTC Chair

https://i.imgur.com/2PdgcM9.png
https://www.coindesk.com/facebooks-libra-should-be-regulated-like-a-security-says-former-cftc-chair

Libra is a security, says a former Commodity Futures Trading Commission (CFTC) chairman in prepared remarks to the U.S. House of Representatives.

I agree with Trump, Facebook should just go through the whole banking steps just like how the other banks did.

Whatever though, Libra pretty much like the other Asian mobile payment companies.

I had the News, that is very good one to wards cryptocurrency industry, Because it will create more investors, i mean new investor mainly Facebook usage to come in into financial freedom crossed the global, Hence, many people that not believed in crypto, we see more proof from Facebook.

From everything that I have read about Libra, I got that the cryptocurrency will be available for billions of people. It can fasten the process of involving people into crypto life. With Libra, many will start taking traditional volatile altcoins and Bitcoins more friendly and will be actively investing their money in crypto, using digital money in all spheres.

This facebook coin will be a big hit as there are so many supporters and partnership now.
This will be a big blast and any sale they will make will be a short time SOLD-out.
BTW its not globalcoin as they named it LIBRA..

Libra currency will be 50% backed by USD, Euros, British Pounds, and Yen

https://i.imgur.com/tLCf8j2.png

https://www.coindesk.com/lawmakers-amp-up-pressure-on-facebook-to-halt-libra-cryptocurrency-development

U.S. lawmakers repeatedly pressed Facebook’s top blockchain executive to halt development of the Libra cryptocurrency during a contentious hearing on the project Wednesday.

They didn’t get far.

David Marcus, the CEO of Facebook’s subsidiary Calibra, reiterated his promise that Libra would not launch until regulators’ concerns were fully addressed. But he stopped short of committing to freezing technical work on the project, much to the chagrin of House Financial Services Committee members.

I think facebook coin has a great future ahead as their community is quite large and even if few percentage adopt the coin it'll be a big success and there are possibilities for new centralized coins from other big players soon after FB coin success.

Yes, I also follow the issue of development, all need processes to be accepted and have legal legality.

I am not sure why everyone is so enthused about a giant corporation making a massive bid on a proprietary crypto currency. The whole purpose of crypto was to decentralize currency and remove authoritative and centralised controlling bodies such as multi-national corporations. Also some say this is good for bitcoin because it will bring attention to crypto currencies. But Facebook has a track record of bungling new products, ie the Facebook Phone, and would abandon this whole endeavour like a hot steaming pile of turd if ever investors became worried that it was underperforming, bringing too much controversy, threatening other investments, etc. And after its likely failure, it will leave all those people who were newly introduced to crypto though this rollout the perception of crypto as being a failure.

I am still sure Libra Coin will still launch and be on the market. Facebook is a big company that certainly has done legal research, not only in terms of technology and with a large budget and huge partnertship with other company and follow government regulations, Facebook coin has the opportunity to launch either this year or next year

At first, I'm kind of scared of what would be the effect of Libra on the existing coin, since it could be their rival cause we all know that Facebook is very popular. Libra has its own blockchain, if facebook promotes it, it will spread awareness of what blockchain can do, promoting the technology promotes the chain to its foundation.

I've actually heard about it. I think it's going to be a good innovation.  And if Facebook policies will totally agree with that of the crypto community,  there wont be harm in using the Facebook altcoin.

I think it's natural that Facebook launches global coin when it sees the growth of the cryptocurrency market that continues to grow. This shows that large companies have begun to see opportunities in the cryptocurrency market and show recognition of cryptocurrency. Hopefully after this regulation from the government can follow

The name has already changed now is Libra. A good project with a large potontsialom and a huge team that's all. How further it will be developed is not clear. We will wait for the release of the project. But Facebook’s shares will definitely rise.

I thought this was an advance in the world of cryptocurrency companies like Facebook joining the cryptocurrency,I think with the big name Facebook can grow and have a big influence in the world of cryptocurrency

Coin Facebook finally appeared and was given the name Libra, predicted to explode in the crypto market because members owned by Facebook were around 2 billion. Of course this is a separate market that has great potential if it can be optimized. Especially for trade transactions in the Facebook community.
While outside the community, Facebook can use Libra coins as short-term or long-term investments and trades because transactions can occur through crypto exchanges throughout the world.

https://i.imgur.com/TLer7rW.png

https://www.coindesk.com/congress-drew-a-fine-line-between-libra-and-crypto-thats-a-first?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

Congress might actually get crypto.

That was a key takeaway from last week’s contentious hearings in on Facebook’s Libra project in Washington, D.C.. While giving Facebook executive David Marcus the third degree, lawmakers took pains to distinguish between the social network’s project and the broader cryptocurrency ecosystem.

Their presence will have great attention to the community, I mean this will make many people join the crypto market industry, I am sure if they will soon release (globalcoin facebook) of course it will attract many new people to join or take part in the crypto market .

Coincheck-Owner Monex Group Moves to Join Facebook Libra

https://i.imgur.com/ZR9voSZ.png

https://www.coindesk.com/coincheck-owner-monex-group-moves-to-join-facebook-libra?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

According to a report from CoinDesk Japan, at the firm’s Q2 results meeting today, Monex president Oki Matsumoto announced the plan to join the Libra stablecoin project alongside Facebook’s other tentative partners such as Visa, Mastercard, Uber and eBay.

I dont see anything special about Facebook coin as the industry is large but just need major adoption but Facebook thinkbit can drive that but its sense of centralized the community is my concern.

Getting interesting around here -  why Facebook always stealing ideas  :-X

MIT Fellow Says Facebook ‘Lifted’ His Ideas for Libra Cryptocurrency

https://i.imgur.com/7K024ng.png'

https://www.coindesk.com/mit-fellow-accuses-facebook-of-lifting-his-ideas-for-libra-cryptocurrency

Avid students of the literature on monetary innovation might feel deja vu when reading Facebook’s Libra white paper.

Several aspects of the social network’s much-ballyhooed global cryptocurrency project uncannily resemble the vision laid out in a paper published last year in the Royal Society’s Open Science publication.   

For example, the Libra paper described a digital coin that would maintain its value because it was backed by a basket of fiat currencies and short-term debt. This echoed the July 2018 paper by MIT big-hitters Alex Lipton, Thomas Hardjono and Alex “Sandy” Pentland, who described an asset-backed, supra-national digital token. (To be sure, the assets in their proposal were commodities like oil or crops).

Nothing new i think. Its like another altcoins in market.
Yes as facebook is one of the main part of social media now-a-days and if facebook team opens an altcoin in market its value will be good there is no doubt.
I always support it as a crypto lover.

Bitwise: Facebook’s Libra Moved Bitcoin and Crypto Three Years Ahead

https://cointelegraph.com/news/bitwise-facebooks-libra-moved-bitcoin-and-crypto-three-years-ahead

“Thanks to Facebook’s Libra and Congress, we have just fast-forwarded two or three years into crypto’s future, accelerating all the conversations, debates, and mainstream discussions into the present day.”

https://i.imgur.com/CfNId9n.png

https://www.coindesk.com/binances-cz-like-it-or-not-facebooks-libra-coin-is-poised-for-mass-adoption?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

The takeaway:

    Binance CEO Changpeng Zhao (“CZ”) hopes to open a London office “very soon” as the crypto exchange turns its focus to Europe. Brexit won’t hurt and if anything will be good for crypto, he predicts.
    On Facebook’s Libra project, CZ anticipates practical benefits from potentially listing the coin, and also hinted at further collaboration.
    The forthcoming Binance.US is working with the usual suspects among crypto’s reliable banking partners.
    CZ calls crypto insurance a “flawed concept.” Binance instead dedicates 10 percent of its $100 million in quarterly revenues to its internal “SAFU fund.”

I keep thinking that this Facebook coin is not going to be a successful thing, though I’m not sure about that yet… It might still end up being the opposite. But the kind of things I have been seeing a lot of people say about the Facebook coin is making me think that most of the people will not like to be making use of it. Even Trump has said something about the Facebook coin recently and also cryptocurrency as a whole, saying that he doesn’t like all that. For now I’m just going to cross my fingers and watch them to see what’s going to be.

What BTC projects you are talking about? Who are tracking us and selling our information. Do not just count your posts but write with true thoughts.

In my opinion, the Facebook global coin would contribute to the mass adoption of cryptocurrency. I only hope that the United States government don't kill the initiative with the imposition of laws which would restrict Facebook from completing the project.

I agree, with members spread all over the world, Libra coin becomes one of the coins that can be adopted for transactions between Facebook members. In addition, with many partnerships with master cards or visas, it will make it easy for holders to transact at merchants or restaurants.

Libra coin is probably the biggest project, we're going to have right now, every big company wants to be part of it and do a collaboration like Binance.

They are already had their wiki page

https://en.wikipedia.org/wiki/Libra_(cryptocurrency)

Libra home page traffic stats is great https://www.alexa.com/siteinfo/libra.org#trafficstats

And still the hottest topic in the Crypto world, I don't know if there will be a project as huge as Libra Coin.

I really do not understand what you are talking about? I have not seen any BTC projects in this market. You are trying to spam this forum with meaningless thoughts

I have heard that Facebook has announced to launch its stablecoin called Libra. But following the US's reservation, the Facebook's decision to launch the digital coin has put on hold for the time being. I think Facebook will satisfy regulators before launching its digital coin.

The Facebook global coin is a very good development and that explains why it's been making so much Waves in the cryptocurrency space. In fact the news of Facebook coin had an impact on the coin market cap upon its arrival. In my opinion, Facebook coin would contribute to the mass adoption of cryptocurrency.

After Switzerland Visit, Crypto Concerns Remain for US Regulators

https://cointelegraph.com/news/after-switzerland-visit-crypto-concerns-remain-for-us-regulators

Following a visit to Switzerland to meet with the country’s financial regulators, United States lawmakers are still concerned over Facebook’s proposed cryptocurrency project, Libra.

Cryptocurrency lobby fights to contain backlash from Facebook’s Libra
More 'drama' from Facebook coin

https://www.latimes.com/business/story/2019-08-28/cryptocurrency-lobby-fights-to-contain-backlash-from-facebooks-libra

Facebook Inc.’s Libra is already in the firing line of regulators and lawmakers. Backers of other cryptocurrencies are now fighting to ensure the fusillade doesn’t take them down, too.

Crypto lobbyists are trying to convince lawmakers that efforts to slow or stop Facebook’s virtual coin shouldn’t apply to bitcoin and other older digital currencies. The lobbying is expected to take on new urgency during the coming weeks as lawmakers return from recess and renew efforts to define and rein in Libra.

For an informed opinion, and a different analysis than the usual, on Libra… check out my article! I'm waiting for your feedback guys https://medium.com/@josephinsirello/politics-and-geopolitics-in-libra-an-analysis-part-1-d90af328633c

My possible thought about this Libra coin is that, it will help grow the community and bring in more adoption to the cryptocurrency world, and if this is archive they price of the coins and tokens will soar higher than expected. With the launch if this Facebook Libra coin, Bitcoin will be the most beneficial coin to first experience the impact of Libra if approve and launch next year 2020. Although many Huddle's are going to come toward the launch but if scale through these Huddle's from the government, it will be a remarkable time in the world of cryptocurrency.

with facebook coin disbursement, it will have a positive impact on cryptocurency ... facebook is a trusted social media that has a big influence on cryptocurency ... but if anyone thinks that facebook coin will defeat bitcoin then I will answer that it will never happen and facebook coin will not be able to be done .

Facebook's intention too was never to defeat bitcoin, they are just there to also join in the blockchain industry, every company has the right to shift their base to blockchain if they feel it will make their company better and I think that Facebook has found out that the application of blockchain will make their platform better and continue to make them have an edge over other platform.

I know their cryptocurrency is also going to serve as payment,  but I really doubt if their main goal is to make it a global currency, I am suspecting that they only created that coin to be used within their community and government must have felt threatened because they have a very large community base, which may make the coin eventually become like a currency among themselves.

How can you say that they are trusted social media giant?

https://www.usatoday.com/story/money/2019/07/15/facebook-fined-5-billion-ftc-cambridge-analytica/39687137/

They are not in the intention to defeat bitcoin here, they are joining because they know that there are a lot of money to be made here. Crypto is slowly going mainstream, and with their huge funding, they find this as a business opportunity rather than to become a bitcoin competitor. And besides the major difference is that Libra is fully centralise.

The whole concept of a coin / currency being controlled by a organisation or a group of organisation sounds.so.wrong and against decentralization so it's we stay out of it and don't encourage this.

Recently, I men very curious information. There are rumors in the cryptocurrency world that in fact, the Facebook Libra is a special plan for the United States to push 2 billion social network users to deal with the digitized dollar. Then, the money they exchange for tokens will be poured into US government debt bonds, and thereby they will support the country in anticipation of the impending financial crisis.

It's a very smart move. And in my opinion it's a plus for crypto in general since all of facebook users will get familiar with it. So everything that helps in promoting crypto is a good thing!

Same perceptions too where Libra didnt tend to beat out Bitcoin yet they are totally different from each other and the main thing here is that they do joined up with the crypto craze bandwagon since they know that they can make even more money since they do have one of the biggest network when it comes to social media.Introducing Libra or their own coin wont really be a problem and as a user of Facebook you will eventually got curious regarding on this matter.In fact this is also a good side marketing of Bitcoin because there are really some curious minds will think aside and seek out on crypto origin which would lead up to bitcoin.

Startup Finds and Patches Vulnerability in Code for Facebook’s Libra

“The good news is that it was found and patched before the platform was live. Issues once thought of as benign can become more severe in the blockchain setting because auditability substitutes for trust.”
https://cointelegraph.com/news/startup-finds-and-patches-vulnerability-in-code-for-facebooks-libra

I think the first impression of Facebook's Libra is that there are many large organizations and big companies involved in developing it. But at the present time Libra is having a hard time being obstructed by the rules, I think it cannot launch as planned or worse be canceled.

I like Libra coin idea. You probably do not understand that it will help cryptocurrency adoption. Facebook will offer Libra and other cryptocurrencies to almost 2 billion people! That is 200 times more users that we currently have.

The more the competition, the better to the economy of the world, but i think it would not compete with bitcoins and some others, because this facebook made coin is compliance with the laws itself and its strictly governed.

I'm with you, I'm pro Libra and I hope they will be able to launch the project free from regulatory problem, of course they need to comply the requirements and I hope the requirements is not hard enough for them to comply.

They were criticized by the corrupt government because they understand how big the coverage of facebook and it can disrupt the financial industry.
What would happen to banks, remittances when we can easily send money through facebook, that's the threat they are seeing.

There are a lot of red flags with this coin, the first being the centralized characteristic. I don’t understand why Facebook is selling the coin to only initial 100 investors instead of giving the power to the people. The other day I tried paying for ads on Facebook for my personal crypto apparel selling platform and I was rejected, making me question why they are even introducing the coin in the first place if they cannot advertise other crypto projects on their platform. My two cents on this is I will probably not use the coin unless it’s a matter of life and death.

German Gov’t Speaks Against Approval of Facebook’s Libra in Europe

https://images.cointelegraph.com/images/740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9lYzBiYTAyM2I1YzFkZDkyNzBlNzczMzIyYzUzZjY3Ny5qcGc=.jpg

"Up to now, the economy has done a great job in countering crises and inflation with measures taken by central banks. Once a digital currency provider dominates the market, it will be quite difficult for competitors."
https://cointelegraph.com/news/german-govt-speaks-against-approval-of-facebooks-libra-in-europe

That is absolutely right, man. Currently, with 28 member companies of the Association, including such well-known companies as Visa, Paypal, MasterCard, and Uber, the Libra project plans to see a number of 100 companies next year. The Libra project has already received more than a hundred applications for joining the Association, while companies must maintain at least 10 million dollars.

PayPal: ‘A Lot of Work’ Still Needs to Happen for Libra to Become Real

PayPal representatives have said they remain cautious about the future of Facebook’s planned stablecoin Libra, according to a Sept. 14 report from Agence France Press (AFP).
https://cointelegraph.com/news/paypal-a-lot-of-work-still-needs-to-happen-for-libra-to-become-real

Either we hate or love it, Libra will become a free marketing for the cryptocurrencies to the whole world especially bitcoin. Just imagine all the millions of impatient millenials which are on the Facebook platform who just want to make easy money. They will discover bitcoin and invest in it whenever FB is making a huge advertisement on their coin Libra.

Zuckerberg Continues Tour of DC With Unproductive Meeting With Senator

“Just finished meeting with CEO Mark Zuckerberg. Had a frank conversation. Challenged him to do two things to show FB is serious about bias, privacy & competition.”

https://cointelegraph.com/news/zuckerberg-continues-tour-of-dc-with-unproductive-meeting-with-senator

IBM Says It’s Ready to Work with Facebook on Blockchain

IBM is willing to team up with Facebook to develop blockchain technology, an IBM executive said, explaining that developing the blockchain ecosystem is “a team sport.”

https://www.coindesk.com/ibm-says-its-ready-to-work-with-facebook-on-blockchain?utm_source=twitter&utm_medium=coindesk&utm_term=&utm_content=&utm_campaign=Organic%20

A lot of fake Libra are being made by fraudsters. Beware!
Trust Facebook? They Can’t Even Stop Fake Libra Ads on Their Platform (https://coinfomania.com/facebook-cant-stop-fake-libra-ads/)

That's very poor internal control on fighting scams, I think they need to improve their control to prevent this scammy Libra advertisement.
It's their own system so they should have control of the advertisements that will come out in the platform, and we who knows the real status of the project should help maintain a good community free from scams, we should make an effort to report.

Actually I never see any kind of ads from Libra in my facebook account, maybe scammers are choosing a certain country to show their advertisement.
Hopefully people who are willing to invest will just make some research about the project so they will not fall for the wrong site.

Facebook actually created the cryptocurrency, I heard that news on tv and identified it in the newspaper. It is good news for me because it will have a good impact on cryptocurrencies in general or bitcoin in particular in my opinion. Also, I really hope Facebook does well on this campaign so that people can use cryptocurrencies extensively, have a better view of cryptocurrencies that it is legal, not a scam... ;D

Same as before when the age of those scammy ICOS were taking over their social network. A lot of advertisements from scam ICOS were reported before they stopped allowing it. I haven't seen a type of Libra ad too but it looks like these people have found it on themselves and there's probably a specific country or algorithm that shows their ads. Like if you type crypto or search it on the network, you'll be saved for those ads that are dedicated to target people that typed the similar keywords or near to that.

Facebook coins will influence old investor confidence and attract new investors. Facebook is the biggest social media platform at the moment and I think if Facebook issued its own crypto, this would be free advertising for the cryptocurrency market

Facebook has not advertised Libra Coin maybe because it has not been permitted by regulators. If permitted, I think Libra Coin would have great liquidity because Facebook users come from various countries and this could be the opening act of global adoption.

They have already announced that launching will be by 2020 probably around 1st quarter. And the hearing that they have right now is to verify things that are too complicated to the gov't.

For me, I feel that 2020 is still too long for the project to be launched and anything could happen before then, and I also feel that there is enough chance for the governments of the world to gather against the Libra.

If Facebook was serious, they should not have even giving them that breathing space, because one thing that I know is that no matter how rich or how important you are in the society, there is no way that you can fight government and I can see that government of solid nations are already rising against the cryptocurrency of Facebook, and I doubt if Facebook can survive this before the 2020 because the heat will start getting much and now that even the united states is not in support of the Libra coin also, but because the project is coming from their country, they are just watching to see how things will unfold also.

Due to the large number of users on their Facebook, this is a big problem that Facebook is facing, because if many people use Facebook's cryptocurrency, I am sure the financial economy will be greatly affected. .
That is why it is undergoing many hearings and until now the project has not been officially launched. Do people think like me?

Therefore, Libra will work with many national currencies. The list of them has been already published - and it has become the greatest news for these days. They will not deal with Chinese money. However, Euro, Japanese and Singapore money will be presented (7-18%), and 11% is given to British pound. At the same time, China is planning to launch its own cryptocurrency in the nearest time.

EU and Libra: Facebook’s Project Gets Challenged as ‘EuroCoin’ Looms

The ripples of the Libra effect are beginning to lap against the shores of Europe, with French Finance Minister Bruno Le Maire suggesting that Europe should throw its hat into the ring and launch its own digital currency. Le Maire’s announcement comes at a time when EU politicians are becoming increasingly vocal about Libra and digital currencies in general.

https://cointelegraph.com/news/eu-and-libra-facebooks-project-getts-challenged-as-eurocoin-looms

https://images.cointelegraph.com/images/740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9iYzRiYTRmYmU4ZWYzOTZhOGU4NzFiM2RlODNiZGQ4OS5qcGc=.jpg

Of course it has a very good impact on the cryptocurrency market. As we know that Facebook is a big company, if they have seen the potential of cryptocurrency. Then most likely other big companies will overtake making their respective currencies with the unique utility of what they offer. The bright future of us will come shortly!!

Facebook is a multibillion dollar company and is traded on the stock market with the best reputation in the world. I think if Facebook issues Libra Coin, investor confidence in the cryptocurrency market will increase and will also invite large investors to trade on the cryptocurrency market.

I've read just yesterday that regulators’ reactions to Facebook’s bold invention are so dull that even the tech company itself is starting to question the viability of it. Moreover, lawmakers in the USA and France have called for the project to be halted. So, I am not sure that Libra will be launched in 2020.

PayPal Might Withdraw From Libra Association: Report

One of the founding Libra Association members may be on the verge of pulling out.

https://www.coindesk.com/paypal-might-withdraw-from-libra-association

Facebook will not succeed in what they are doing for a while. They need the Government to confirm their actions first.

Facebook is not trusted. Look at what happened to cambridge analytica. They need to get that fixed before doing any banking.

It does not matter if they announced it or not. Some huge companies might leave Libra Association, and FB can have too many problems.

The leaders of these companies like Visa believe that Facebook misled them about how easily its cryptocurrency could pass the regulatory review. Now that it is being criticized not only in the US but around the world, they do believe that their association with Libra may cause them to be isolated.

not only investor i think, but also people that not use or aware about cryptocurrent. facebook have a lot of user and it can hit the market, make  vibrate on some coin, or maybe the price will be overprice. just wait for the future, it will explode or just word

Facebook has abused its knowledge of the confidential information of its users many times and therefore I do not trust it. I would prefer that such a global stable coin be issued by a state or group of states. It seems to me that even a similar Chinese CBDC coin will be more reliable. It seems to me that transferring global financial stability to private hands is unreasonable.

Facebook have billion member around to the world and many country still using Facebook as main social media for interaction or using for business, by launching Facebook coin I think is easy how to get many investor because Facebook have billion people joining Facebook social media platform and get faster for investor.

Yes Facebook announced its coin caller Libra. Its good to see big giant companies are up to blockchain and crypto. If Libra comes many general people will enter this crypto space. But the problem with Libra is its a centralized coin.

PayPal Withdraws From Facebook-Led Libra Crypto Project

“We remain supportive of Libra’s aspirations and look forward to continued dialogue on ways to work together in the future. Facebook has been a longstanding and valued strategic partner to PayPal, and we will continue to partner with and support Facebook in various capacities.”

https://www.coindesk.com/paypal-withdraws-from-facebook-led-libra-crypto-project

Now it is too early to talk about the prospects of this project. I've never seen a Facebook ad about Libra. I think that it will be possible to make a decision when Facebook personally announces the release of its own cryptocurrency. At the moment, all the news that we see are fakes or unfounded. Don't believe anyone but the source.

Why (Almost) Everybody Hates Facebook’s Digital Coin

Facebook Inc.’s plan to create a digital currency, Libra, is a big idea.

https://www.washingtonpost.com/business/why-almost-everybody-hates-facebooks-digital-coin/2019/10/06/003d27c0-e807-11e9-b0a6-3d03721b85ef_story.html

Ripple CEO: Facebook’s Libra Will Not Launch Before 2023

“I would bet that Libra… let's say, by the end of 2022, I think Libra will not have launched.”

https://cointelegraph.com/news/ripple-ceo-facebooks-libra-will-not-launch-before-2023

More companies back away from Facebook's Libra coin

Facebook's digital currency alliance lost more companies on Friday amid heavy criticism from regulators around the world on the planned Libra global cryptocurrency.

http://www.spacedaily.com/afp/191011205657.0wkg4n17.html

Destined to fail.

What's the most important for a crypto coin?
It's decentralized and anti-censor.

Who are the teams behind Facebook's Liba?
Facebook,paypal,Mastercard, Visa, eBay ,Stripe and other fully centralized financial institutions

All these centralized founder members are not anti-censor,and will have to choose comprise when pressure from Gov,so the Libra group will collapse eventually.

And recently,many members choose to quit the Libra including paypal,mastercard,visa,ebay,strip,this exactly reflect the importance of decentralization and anti-censor.These companies have to choose quit for business survive.

Facebook’s libra coin a catalyst for reform, Swedish central bank chief says

Facebook’s proposed cryptocurrency libra has served as an incentive for global central banks to reform and reflect the digital age, the head of Sweden’s central bank has said.
https://i.ibb.co/hgtvR9k/fbcc.png (https://imgbb.com/)
https://www.cnbc.com/2019/10/15/facebook-libra-cryptocurrency-a-catalyst-for-reform-swedens-riksbank.html

I see so many of you saying that facebook would not succeed with Libra, so here is what I was thinking in response.

Facebook has what the government does not have. People. From every country. From every corner of the world. All they need to do is urge its users to send a mass appeal to their local politicians and leaders to urge them to make pro libra policies. In return. Offer a lot of free money. This way, facebook can not only change any government's mind, but it can change any government it pleases to.

Most importantly, they don't even have to ask their userbase to do this directly. They can manipulate the feeds and subconsciously people would do facebook's bidding for them.

first time hearing facebook will make digital currency I feel happy. because by joining Facebook in cryptocurrency will make the crypto market bigger. Many large companies such as MasterCard, Visa and Paypal are included in Libra Associations. an institution that will control libra and support libra. but lately I heard the news that some of the big companies (mastercard and visa) decided not to support libra. I was surprised what really happened with Libra? will 2020 libra really be released? We will wait for futher news.

The UNITED STATES Congress wants Facebook to add BITCOIN not its own CRYPTO

US Congressman: Facebook Should Add Bitcoin, Not Create Libra
https://cointelegraph.com/news/us-congressman-facebook-should-add-bitcoin-not-create-libra

This is much better than creating their own coin and if facebook decided to do it then it will bring a lot of positive views in crypto industry but it is unlikely to happen because this large companies are all about profits, that is why they want to have a full control on their own coin. they already discover the greatness of crypto using blockchain technology and they are using it as front for their own self-interests.

I think when such a big projects like Facebook or Telegram will manage to launch their coins and regulation will let it happen, the world will change completely. It's a very serious step.

Global coin now is called Libra, so far it was very noisy in the social medias and many scammers are using this name too to find a victim to scam others. But no definite date yet about their launch, only so far rumors which is 2020 is their day of launch. For sure many investors will attract to this coin and most of it for sure of course is the Facebook users.

 You need $10 million to run a masternode on the Facebook blockchain. Another greedy scam project from Zuck.

The mass adoption will surely go up if Facebook (Mark Zuckerberg) can fight back towards the governments of the EEA countries. The troubles haven't started yet and the only some signs show on the cryptocoinmedia. The launch of the Libra has to be done with the regulation rules and breaking these rules will cost the team. Investors should be careful and the scammers use the fake ICO websites in order to attract the potential victims who want to take bonus coins as an early investor. It is shameful to see so many opportunist scammers around.

Facebook’s Libra Just Got Its First Major Supporter in Congress
Sen. Mike Rounds (R-S.D.) wrote a letter to Libra Association member Anchorage, a South Dakota-based trust company, endorsing the Facebook-led project and citing it as an example of a technological advance he feels is needed to aid U.S. consumers.

https://www.coindesk.com/facebooks-libra-just-got-its-first-major-supporter-in-congress

I didn`t doubt they will buy some votes, one way or another. With money and power they have, they will buy one by one until they have enough supporters. How time is passing I dislike libra project more and more, looks like they are ready to do everything to start their own bank, with their own rules.
They are getting support from congress, but some of the partners are quitting. Facebook libra coin is drawing attention, but I think people will realize how shallow this project is, even people who plan to use it will be disappointed in some time and they will transfer to old  well established crypto currencies.

I believe it's going to make a lot of sense, I mean the impact will be deeply felt, and it's also going to create massive blockchain adoption in a short period of time considering the number of Facebook users that I believe is beyond 2 billion, so Facebook Globalcoin is a welcome development.

Facebook's partners yet to commit money to Libra
None of the 20 firms partnering with Facebook on its Libra cryptocurrency project have yet committed to financially backing the effort, the BBC understands.

https://www.bbc.com/news/technology-50149719

https://ichef.bbci.co.uk/news/660/cpsprodpb/14DD7/production/_109336458_whatsubject.jpg

few facebook Libra investor/Parter like Ebay, Mastercard, Visa and few other are leaving Libra Project and few issues are created about this project.
because the regulation goverment of libra

Facebook's globalcoin helps with widespread and awareness among the common people who haven't known much about cryptocurrency. Almost each and everyone have a Facebook account, and when Facebook creates a globalcoin it easily reaches every single person. This means it serves as a way to promote bitcoin and won't disturb the market as Facebook's globalcoin is a Stablecoin.

I have heard Facebook coin called with Libra, so far they still wait for allowing from united state country how to build Libra coin and sell to public, just few step when Libra open to public waiting when government of unite state want to allow of using Libra as investing for public, Libra can't be rival for bitcoin because no investor want to buy if Libra coin sell to public with higher than bitcoin price.

Zuckerberg grilled over Facebook and Libra in congressional hearing - live (record)

https://www.theguardian.com/technology/live/2019/oct/23/libra-mark-zuckerberg-testifies-live-facebook-cryptocurrency-latest-updates

GRAMs or GlobalCoin? What token is better? What token would you chose?

Here is the BBC's report on Zukerberg's testimony before Congress:

https://www.bbc.co.uk/news/technology-50152062


I don't think they're going to get the regulatory green light any time soon.

That's not so obvious, give some reasons!

What problems do you mean? I haven't heard about any from the side of Facebook.
P.S. TON is great development of blockchain, I am interested in their project

wow, yeah, I see... So TON is more attractive to invest. Spent some time to research  this topic. So to buy token best option is GRAM?

And where can I find this token, as official tokensale has ended as I see on TON site.  ???

Libra Could Serve as Counter to Chinese Digital Currency, Says Zuckerberg
Facebook CEO Mark Zuckerberg testified before the United States House of Representatives Financial Services Committee today regarding the Libra stablecoin project.

https://cointelegraph.com/news/libra-could-serve-as-counter-to-chinese-digital-currency-says-zuckerberg

Why Facebook’s Libra cryptocurrency plans are under fire

https://www.slashgear.com/why-facebooks-libra-cryptocurrency-plans-are-under-fire-28597522/

https://i.ibb.co/kXczh2T/LIbra.png (https://imgbb.com/)

I don't think Facebook's libra can get in fire against China's own cryptocurrency. China will empower its own currency usage, already it has got its own search engine and everything. This way they will stand to use their own cryptocurrency. As Facebook is an established business community surely this will be a tough competence.

David Marcus Talks Facebook's Libra Coin Payments and AML Protections at Money 20/20
New statements were made in defense of Libra’s efficacy and safety as a global stablecoin applying anti-money laundering (AML) protections at Money 20/20 conference

https://bitcoinexchangeguide.com/david-marcus-talks-facebooks-libra-coin-payments-and-aml-protections-at-money-20-20/

Last three months after Facebook team will announce for listing Libra coin many institution disagree with Libra coin, United State government never give recommendation and allowed for Libra become legal coin for selling to investor, until today Libra coin never have new update information about will they listed coin on the public or not, maybe they have miss opportunity to create Libra coin at the future.

I am not pretty sure why OP says it is a GlobalCoin because for me, bitcoin is still the crypto that unites the world. And yes, it is true that facebook is widely used all over the world, but for me, it is not that promising as it is not decentralized. There's still a third party that will control how this coin will perform in the market. Because It is better for us to have freedom in financial aspect than our transactions being monitored and controlled by a third party.

I'm sure Libra coin will perform great, but it is still upon us how we will treat it when it is already in the market.

People will use Libra as Facebook has a big influence in the online market, they can use their platform to advertise their product so people will be aware.
But,... the big problem now is if "Libra will successfully Launch and will be available in the market" since there's a lot of criticism on this project from the regulators.

There are many speculations about facebook global-coin. Some people believe that it will overtake Btc which might be tough for this coin. Otherwise, it feels good to see that such a big company is entering the market. But recently I read a news article (https://www.coincurb.com/news/libra-says-the-regulatory-concerns-are-fading-away-but-are-they/) that shows the problems this coin is facing. Overall I believe this will have a positive impact on the crypto-market.

yes, I think that is the main problem. When Libra successfully entered the market, I was sure that Libra would really be the best coin to be have. it's just that, the main problem faced today is so much resistance from outside parties, such as Europe, and others. this certainly makes a bad impact for libra. the release of large companies in support of Libra is also one of the disadvantages. however, if libra really enters the crypto market, of course, this will change the crypto world for the better.

yes i agree with you in my opinion bitcoin will still be a better coin compared to libra. because bitcoin is decentralized there is nothing to regulate and control. but I positively welcome the presence of this libra will make people who do not understand cryptocurrency understand because facebook has a number of billions of accounts so it is very effectively used to promote cryptocurrency. this will make the cryptocurrency market more attractive.

I think this is going to be successful since facebook has a lot of users nowadays and it is the most popular social media platform today having 2.3 billion users. We could think that this is good for them because they can do transaction on facebook if that happens easier transaction with our friend and family will occur. And also we can think that streamers on facebook can earn Libra coin by doing their job and by playing online games they can earn by just streaming. Maybe this coin can help the market to grow up since more people can know about bitcoin and other cryptocurrency, a lot bigger possibility that new investors will come and buy their own token or even support new projects that are coming in the future. This is the new generation , we are using digital money than using fiat, I am looking forward to the future that we are not using fiat anymore but cryptocurrency instead.

Five European Union Countries Team Up to Block Libra: Report

Following a series of private meetings in October, France is reportedly leading the anti-Libra effort with Germany, Italy, Spain and the Netherlands, political news publication Politico Europe reports on Oct. 30.
https://cointelegraph.com/news/five-european-union-countries-team-up-to-block-libra-report

https://images.cointelegraph.com/images/740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8yNjkyNTAwMDBjNmM3OTEzNjlhOTM2YjU4ZmVlNTExNy5qcGc=.jpg

I'm very optimistic before that Libra will become a successful project if launched but after most payment companies have now pulled out of Facebook’s Libra project and together with some issues with the US law makers then i'm doubtful that Libra project will be still a feasible project to the masses so most probably it will be a failed project even Facebook has a tones of users.

I just relaxed about the Facebook coin, I am pessimistic that the Libra project can be a good success because until now they still clash with applicable law, thus making their supporters withdraw from their support. But if later the legal regulations they propose are accepted then will the supporters who have come out come back again? let's wait.

Libra Coin Continues Despite Regulatory Backlash

https://businessblockchainhq.com/wp-content/uploads/2019/11/Facebook2Unsplash-740x357.jpg

https://businessblockchainhq.com/business-blockchain-news/libra-coin-continues-despite-regulatory-backlash/

Libra Won’t Spread as Quickly as Facebook, Says Calibra Exec

Libra will take years – if not decades –  to catch on says a Calibra executive.
https://www.coindesk.com/libra-wont-spread-as-quickly-as-facebook-says-calibra-exec

As Regulators Stonewall Libra, Facebook Rolls Out New Payment System

As the Libra stablecoin project continues to face a hostile audience of regulators, Facebook launches a new fiat payment system called Facebook Pay.

https://cointelegraph.com/news/as-regulators-stonewall-libra-facebook-rolls-out-new-payment-system

I'm guessing it might still be good and team good cooperation can.

I think this is more realistic than Libra coin. The Libra coin project has been abandoned by its major partners and is also hindered by regulations. Facebook pay may be more realistic but whether it is crypto or not, we need to wait for further news

At least they know the truth. I mean even look at the big digital payments like Paypal they took forever to grow and until today it is still not the #1 choice,,, and they do not even have their own currency. If you have your own, and you need people to convert back and forth, then it becomes a hassle. Bitcoin is different because all kinds of services and merchants now accept it so you do not need to convert, and it will become even better with adoption. But you will always need to convert Libra in my opinion.

There can be a great impact of that coin if ever it will be launched by Facebook. Since Facebook is really a powerful social media app and it consists of millions of users. Definitely, it will be a successful coin. If Libra will be embraced by the people, it will be a great threat also for bitcoin supporters. However, there are news saying that libra will take years before it will be caught by people.

In my opinion, it will be a flop because we already have stable coins in the market. The government will not let it pass to their system because the government doesn't want to have a competitor in terms of centralization so I think that facebook's globalcoin will have a hard time and as their partners are backing out then the foundation of facebook's globalcoin will collapse and it will eventually become a flop.

If you consider the current userbase Facebook has, Libra would surely have a hefty amount of initial users and that is a significant factor to their success. However, I'm not sure if it would have positive impact in Bitcoin. Non-aware people to cryotocurrency would surely just use Libra like it's just another digital currency and don't care much about privacy. On the other hand, those who are into Bitcoin already might not consider to switch to their platform because of such issues.

if I'm not mistaken, what I hear is Libra coins and not Globalcoin. but whatever it is, I'm very enthusiastic to welcome it to the cryptoqurrency industry. not that I will use for investment soon, but I am increasingly curious about this Facebook project. but if facebook coins are as profitable as investments like crypto, then I will use them.

There was no need to add time factor and I remember the Yahoo and Google case in this situation. The governments will unquestionably let the Libra be popular among the social media users but the innovation will beat the government's barriers sooner or later. Germany and France have shown their opinion towards the new global coin of Facebook and I doubt this will be a big threat to the Libra idea.

With money in the mix – without ample regulation – Facebook could have access to spending habits of billions of people. Its role in the Cambridge Analytica and election scandals have painted a dismal picture of Facebook’s trustworthiness when it comes to handling personal data.

Beyond transparency, the lack of regulation with Bitcoin also made it a useful platform for black market deals – transactions made outside of government-approved channels. To these dealers, the dollar is a channel they would want to avoid as they would likely have to open bank accounts for money to flow through, which can be traced.

One of the concerns about Bitcoin was the difficulty in monitoring such dealings. Bitcoin allowed for various forms of tax evasion as transactions could leave no taxable trace. It also made it difficult to protect employees without legal contracts, as well as monitoring the sale of banned items. Many of these issues apply to Libra, or at least remain unclear, giving more reason for Congress’ skepticism.

I'm glad that Libra is facing all the backlash as it should.

Facebook Touts Crypto Project Libra: 51,000 Transactions and Counting

“Our community of developers has responded enthusiastically, logging an amazing 34 projects in just seven weeks since launch of the testnet:
10 wallets
11 blockchain explorers
2 IDEs
1 API
11 clients”

https://dailyhodl.com/2019/11/17/facebook-touts-crypto-project-libra-51000-transactions-and-counting/

We definetely can´t predict how Libra and whether it will work at all. For the first time in the history we are witnesses when a corporate company creates its own money and threatens the stability and sovereignty of the state.  8)

I don't think money is made by companies because Facebook still has to back up with real dollars. Libra coins must be made known by the central bank so that the amount of money in circulation can still be controlled by the central bank. But it is interesting because with Libra coin, transactions do not require the role of the central bank

Libra Coin still seems to face regulatory constraints from the government because it can disrupt the existence of the dollar. Even though Facebook can pass Libra Coin, I think it will take a long time for Facebook to develop it. It would be an objective if the American government passed Libra coin because global transactions would be easier and faster and cheaper

There is no way that SEC will give a green light to libra. Consider it as a dead project for now.

There is no need to wait for the decision of the SEC. The global companies have the hidden hand which is used in such situations for calming down the dusty environment. The Libra can achieve to be the global stable coin but the threats by governments will delay the process, it is kinda understandable. Global transactions will lead to the centralized platform controlled by one group but the alternative companies have a low chance to make the same.

In my own opinion, facebook coin will not be that good because it will be centralized and it will be a stable coin, so it will be only just like a fiat currency but in digital currency. It is the reasson why a lot of people has doubts in launching this coin because it might not be successful like bitcoin.

why you can be multiplied like that, instead of facebook is a large company that is worldwide, investors will automatically not hesitate to enter the project

New Bill Would Put Facebook's Libra Stablecoin Under US Securities Law

“This legislation simply clarifies the statute to remove any ambiguity. Bringing clarity to the regulatory structure of these digital assets protects consumers and ensures proper government oversight going forward."

https://cointelegraph.com/news/new-bill-would-put-facebooks-libra-stablecoin-under-us-securities-law

Government can do any measures for any business that would need their license to operate, if Libra wants to launch as per schedule, they should comply to this law or whatever law that may be created soon that they are entitled to comply.

What the government just really like is to have a complete oversight on big business like Libra so they can impose the necessary rules to avoid money laundering and of course the most important is the tax collection for the revenue Libra will generate.

With Facebook having issues with its partners, that is, losing its partners what's there to think again than to forget about it. Also, from the way it is being played now, I doubt if the zeal and interest is still there again for potential investors. Nevertheless let's keep watching as things unfold, it's centralized nature is a big blow to it already; have no interest in investing anyway.

Aaannddd we are back!

LIBRA PREPARES NEW 2.0 ROADMAP FOR 2020 LAUNCH

Despite regulatory uncertainty, the developers of Facebook’s Libra project continue forward. Recently, the Libra team released its second Roadmap, with points preparing for mainnet launch.
https://bitcoinist.com/libra-prepares-new-2-0-roadmap-for-2020-launch

i see that according form some crypto news sites that said facebook has already moved to the another project. Libra is already dead and why people are still putting their believe in the libra when it will never be launched in the future. that's so weird.

There's literally no use of investing into stablecoin as it's just a safehaven to save your wealth from fluctuation and nothing more. Though, there's possibility that the value could also deflate due to being backed up by various assets but Libra is far from being deployed anyway so it's just better to just ignore it at this point and not being approved by government is like a dead end for the project.

So what if Facebook wants to use Blockchain as well?
And no one becomes global by having the name GlobalCoin, BTC was, Is, And there will be

Facebook came into this business with a very big advertisement. But change things. Some companies that support Facebook withdrew. What is the reason of this? I think they understood the power of Facebook to spread it. This is serious. Tomorrow we can wake up as citizens of the world: d

I have already read some news about this so called GlobalCoin to be launch by Facebook for the upcoming year 2020. Well, for me this will be a great news as of the moment because we all already know that Facebook is a very large company and a well-known social media platform that is used by many users around the world. Releasing or launching a crypto created by the said company will surely have a great impact for the crypto community due to the reason that Facebook is really that popular that releasing its own coin will gain attention and interest of the people inside and even outside the crypto community which will surely bring or gather potential investors of the market as well as new participants that will surely make the population of the cryptocurrency users grow even further because of this event. Looking forward for more information about the said coin but as of now, I am already expecting for its great success.

Why did Facebook slow this project? I think the states of the world became uneasy. The dominant states in the world are still evaluating this. Because the situation is that Facebook can become stronger than many states.

Facebook has quite strong impact in a modern day society so launching a project will definitely raise awareness and could really educate the public about cryptocurrencies. It can clear up misconceptions about the technology and the industry. Personally speaking, I encountered some ignorant relatives who absolutely know nothing about crypto but talks about bitcoin like its a ponzi scheme or something. Really though, this can help remake the reputation of the whole crypto industry.

There us presently nothing being evaluated at the moment. The CEO or one of the prominent team members, in the person of Mark Zukerberg was called upon recently and was asked to provide answer to some of the questions asked, which ended up not favouring the project. I do not think that it will launch again.

The total market cap of the whole cryptocurrency market is less than trillion, I doubt the newly launched Libra project will surpass the total valuation of any state funds. The Facebook team stood well after the few threats by the several EEA countries, the end of the traditional banking is near.

Well, I like to hear that, but the insurance should remain as that's the only reason why I am depositing my money to the bank.
Online money can easily be hack, in seconds it's gone while paper money, robbers needs to rob the bank and plan carefully to escape from the security.

Online money gives fast transaction but in terms of storing security, its not as secured as the bank is currently offering.

What You Need To Know About Congress's Two Proposed Crypto Laws

As the cryptocurrency universe enters 2020, U.S. lawmakers are drafting bills to provide clarity around stablecoins and offer regulations for tech companies like Facebook that might want to create their own cryptocurrencies.

https://cointelegraph.com/news/what-you-need-to-know-about-congresss-two-proposed-crypto-laws

The best part of Libra Facebook coin i that it already made great marketing for crypto & the blockchain technology.
I personally love to see Libra make it it in crypto community because it's gonna huge for the whole cryptosphere for sure, there is no better mass marketing for crypto that this Facebook Libra Coin.

This can be viewed as a gigantic news for the entire crypto world , it denotes an enormous scale organization like facebook taking part in the crypto advertise. I trust this is the start of crypto being all the more generally known and the legislature will encourage crypto advancement. Anyway, this is an awesome news and i hope it really helps because I believe it can be bigger than bitcoin

I heard already about this facebook's bitcoin which is called libra. Mr. Mark Zuckerberg announce it last september 2019 and it will be launched next year. Everyone who heard about this coin is excited for this years launch. And Libra is  construct on an open source blockchain called the Libra Blockchain together with its own stake protocol.

Part III: Facebook’s Libra Coin In 2020 & Staying Relevant in The Revolutionary Digital World

When Smart Community Technologies (SCT) released Parts I & II of ‘A CMO, CFO & CEO Guide to Facebook’s Libra Coin’ late last year, our objective was to share with you the increasing global acceptance of digital currencies and technologies, and what they mean to people and governments around the world.

https://businessblockchainhq.com/business-blockchain-news/part-iii-facebooks-libra-coin-in-2020-staying-relevant-in-the-revolutionary-digital-world/

I agree that Libra made great marketing, but is caused by reason. we all know that facebook is largest social media platform in the wolrd
but I doubt that Libra would be big. it was leaved by many companies in libra association, against by goverment, etc

beside that, Libra is fully centralized coin. it shouldnt have place in cryptocurrency
the best one is still Bitcoin, which is decentralized and recognized by many countries.

Many campaigns refused to support the Libra project, not because they understood the power of Facebook, but because the United States and European Union states began to prevent the Libra coin from appearing because of the possibility of abuse with this coin. European Union finance ministers have explicitly stated that they will prohibit the use of Libra on the territory of their states. Without the European and US markets, this will no longer be a global coin, as previously planned.

If you are referring to Libra well it will be tasking for Facebook to find good partnership to support the project and another one is merchants that will accept Libra, many have already said 'NO', maybe Facebook will make them change their mind somehow but won't be easy

Libra Association Exec: World Needs Us Because Bitcoin Is ‘Not a Means of Payment’

"Bitcoin as an asset class has proven that mathematical scarcity can support an incredibly exciting asset," Dante Disparte, vice chairman of the Libra Association, said Tuesday. "It's not a means of payment. It just isn't."

https://www.coindesk.com/libra-association-exec-world-needs-us-because-bitcoin-is-not-a-means-of-payment

I think it's a very huge development for blockchain technology and cryptocurrency space as a whole because first it will build up a very fast crypto adoption considering the number of Facebook users, it's really a great development.

Rapid development certainly also presents a big risk, many of the projects available on Facebook ended scamm, which we should wait for globalcoin to survive amid the rampant scamm on Facebook, I hope globalcoin will answer our doubts from the rise of scamm, and increase trust we are against campaigns on Facebook or Twitter, because in addition to practical it also saves time.

Facebook's GlobalCoin is a novelty coin that has a strong appeal of the world and a lot of investors have been unable to resist this attraction. It was so good and so. 8)

Facebook has created GlobalCoin a new altcoin in the cryptocurrency market. With this momentum, soon GlobalCoin will develop strongly to reach the highest position.

Currently they are silent for their coin but whenever they released this coin then it will have a very great effect on the whole crypto market as with this news all of the people who are currently aware with crypto will invest their money as they will know that the price will increase much higher and after that all of the facebook users will be introduced with the crypto environment and they will also try to adopt other cryptocurrencies along with the facebook coin.

This currency will surely be known by many people and investors. I have the first impression vs this project because it was born from Facebook a strong fulcrum.

Creating cryptocurrencies is something that big companies should consider and do. Facebook is doing a great job, I believe that GlobalCoin is coming and will come spectacularly.

Facebook’s Calibra Looks for Two Marketing Professionals

Facebook’s Calibra is on the hunt for two marketing specialists as the company continues development of its Libra stablecoin project.

https://cointelegraph.com/news/facebooks-calibra-looks-for-two-marketing-professionals

"I read the news on the BBC Newspaper. ""Global Coin"" will launch very soon. You can find out more about Global Coin by reading the below Article.
https://www.bbc.com/news/business-48383460"

So many people were looking forward to Facebook project
Who knows if it will ever get off the ground

Calibra Technical Lead Tells Why Facebook Built New Language for Libra

“Move is a new smart contract language built into the core of Libra that is designed to bring a modern approach to today’s financial systems.”

https://cointelegraph.com/news/calibra-technical-lead-tells-why-facebook-built-new-language-for-libra

Shopify Inc. is a billion dollar company and this is positive news for Libra Association
https://news.shopify.com/shopify-joins-libra-association

E-Commerce Giant Shopify Joins Libra Association

Shopify said in its blog post it intends to "work collectively" to build a payment network that works "everywhere."

https://www.coindesk.com/shopify-joins-libra-association

When you said 'investors' I can't help but keep thinking how the hell will global coin help investors if it's a stable coin, there will never be a profit left to make from investing in any stable coin don't you think? Volatility coins are the only currencies that gives investors profits

I think this project has been dropped because of resistance from the government. Well would have love top see their stable coin in the market but the government fear the banks were going to fold up and Facebook is going to have too much power.

Is this global coin you are talking about now is the Libra coin? Because as far as I know I just read it at cryptotalk some topic over this platform that those who are interested to invest on libra now can able to do it. Just forgot the section what it is even the website itself where can able to buy libra. But for me honestly, I'm not interested to invest to this coins actually. I rather invest on top coins at the coinmarketcap compared to this one.

The libra project is not dead yet. The development of libra is still running and it's better for you to visit libra's site directly. There are so many articles about the mechanism of libra already published on the site. This project may get another delay but with the potential of crypto and that's why facebook is not fully deactivated this project.
Banks and government are also looking for the alternative way to develop the future currency that based on the digitalization too. You should not worry about that.

The 22nd member of Libra Association
https://tagomi.com/

Crypto Prime Broker Tagomi To Join Libra Association

Tagomi, a crypto prime broker headquartered in New York, will join the Libra Association, the governing body for the Facebook-led stablecoin. Tagomi was founded by Jennifer Campbell in 2018, a former associate at Union Square Ventures.

https://cointelegraph.com/news/crypto-prime-broker-tagomi-to-join-libra-association

There's a lot of company who are still interesting in partnering with Libra, and they viewed it as it's a real big project which could be a game changer.
My question now, is there any light of this project getting launch soon, or maybe this year?

In my opinion, facebook coin still needs proof and time due to various regulatory constraints and also many partnered companies are starting to leave it. Maybe if it is able to pass regulations, facebook coin will be of interest to investors because it is supported by a large social media platform.

I believe that when the coin is released to the market, it will make a lot of noise, as it already did before the release.
One way or another, we will get another interesting new solution in the field of means of payment in related areas with cryptocurrency.

I am sure this globalizes the cryptocurrency market.

Facebook Changing Course on Libra, Offering More Inclusive Wallet
https://www.bloomberg.com/news/articles/2020-03-03/facebook-weighs-libra-revamp-to-win-over-reluctant-regulators

According to a Mar. 3 report issued by Bloomberg, both crypto and stated-issued currencies will be available on the company’s digital wallet, Calibra.

https://cointelegraph.com/news/facebook-changing-course-on-libra-offering-more-inclusive-wallet

Libra Plus? A New Global Digital Currency Strategy for Facebook

India’s Supreme Court overturns a crypto banking ban while Facebook prepares fiat-pegged digital currencies alongside Libra.

https://www.coindesk.com/libra-plus-a-new-global-digital-currency-strategy-for-facebook

Altcoins may increase to 300% this year, but to my mind, only a few top altcoins will solve that problem. In this market we have a lot of altcoin scam and useless, surely this year there will be a lot of altcoins continue to die and it will help the top altcoins grow strongly.

It seems that despite a lot of hype and scandals surrounding Libra, this coin will be released soon and supposedly it is already starting to pass testing. However, I do not think that she will be very successful. One must still consider that the countries of the European Union have stated that they will not allow its circulation on their territory. In addition, stable coins of various states will appear now and they will constitute serious competition to Libra. It seems to me that many people will have more confidence in stable coins, behind which are the authority of states, and not Zuckerberg’s tarnished reputation.

Libra Wanted a Currency, All We Need Are DeFi’s Open Payment Rails

FACEBOOK WAS TRYING TO...REBUILD THE ACTUAL DOLLAR IN A REGULATED, CONTROLLED ENVIRONMENT. INSTEAD, IT SHOULD BE REBUILDING THE PAYMENT RAILS.

https://www.coindesk.com/libra-facebook-a-defi-all-we-decentralized-finance-defi-payment-rails

Facebook's Libra cryptocurrency gets revamp in response to backlash

Facebook’s planned cryptocurrency Libra will be linked to individual national currencies and overseen by global watchdogs in a scaled-back revamp it hopes will win regulatory approval.

https://www.reuters.com/article/us-facebook-cryptocurrency/facebooks-libra-cryptocurrency-gets-revamp-in-response-to-backlash-idUSKCN21Y277

Facebook’s Calibra Has 50 New Jobs in the Pipeline for Its Dublin-Based Team

Facebook’s Calibra is looking to create 50 new roles for its workforce in Ireland, as the firm seemingly bucks the trend of private-sector layoffs during the coronavirus crisis.

https://cointelegraph.com/news/facebooks-calibra-has-50-new-jobs-in-the-pipeline-for-its-dublin-based-team

I guess Facebook will not stop until make a successful run in cryptocurrency comparing to failed libra, maybe it might be different but for some people altcoins or create a new one is already dead.

The news about new Facebook's Globalcoin is flashed on nationall television and it is said to be issued this 2020. I think this would be a good impact in the world of cryptocurrency. Many people would be more aware about the cryptocurrency and many may have the priviledge to gain and earn so much money using cryptocurrencies. With the pandemic that we are experiencing right now this could be better and can help the economy of thr nations that is subsiding right now. It can also help the stock market to somehow increase again.

I have heard through in many media that Facebook is going to connect a cryptocurrency blockchain called Libra. I believe that Facebook will be successful through Libra.

British Payment Firm Checkout.​com Joins the Libra Association

British payment startup Checkout.com has joined the Libra Association, becoming the 24th member engaged with the mission of building a better global payment network, Libra tweeted on April 28.

https://cointelegraph.com/news/british-payment-firm-checkoutcom-joins-the-libra-association

I guess that Facebook couldn't launch Libra coin in this year. There are too much troubles with regulators, Facebook does not have solutions for them yet. I support Libra coin and hope that it will be launched soon. Facebook has great based users with more than 2 billions people, Libra will be used in FB advertising and FB ad breaks. It's the best start for a new cryptocurrency.

It is not yet known exactly when Facebook will bring global coins to the market. I think,The  Libra Coin because of Facebook users come from various countries and this could be the opening act of global adoption in cryptocurrency they will also invite large investors to trade on the cryptocurrency market. Question when they can bring it .

i believe that neither facebook nor telegram will not be allowed to make their own blockchain project with their tokens by sec. american government want to have shares everywhere and want to control everything.

Facebook's Calibra Team Introduces A Novel Distributed Audit Protocol

Facebook’s Calibra team introduces a new protocol for distributed auditing of assets that could have saved Mt. Gox.

https://cointelegraph.com/news/facebooks-calibra-team-introduces-a-novel-distributed-audit-protocol

Libra Association Appoints Former FinCEN Head as General Counsel

On May 19, the Libra Association, the organization behind Facebook’s Libra stablecoin project, announced the appointment of Robert Werner as its general counsel, in what seems to be a continuing strategy to reconcile with regulators.

https://cointelegraph.com/news/libra-association-appoints-former-fincen-head-as-general-counsel

Facebook is very famous in the world of social media so I think altcoins will be welcomed by the cryptocurrency community and that is a very good thing.It may help people to use facebook better, or maybe This coin can be used to buy something in Facebook. But if anyone thinks that Facebook Coin will beat Bitcoin then I will reply that it will never happen and that Facebook Coin will not be real. show up.

They are creating another source of income. Did Satoshi Nakamoto created Bitcoin for profit? No! So why would you use something what is created only for profit, instead of truly decentralized solution?

Facebook has what the government doesn't have. Everybody. From every country. From anywhere in the world. But there's no definite date yet for their debut, only rumors until 2020 are their launch days. Certainly many investors will be attracted to this currency and most certainly Facebook users.

 This will be  good news to the cryptoworld in my opinion , this is because  we have alot of people who are on facebook but do not have any knowledge about cryptocurrencies . so if the Globalcoin of facebook becomes a reality it will surely boost crypto adoption.

Facebook Goes All-In on Fintech With Launch of New Product Group

“We have a lot of commerce stuff going on across Facebook. It felt like it was the right thing to do to rationalize the strategy at a company level around all things payments.”

https://cointelegraph.com/news/facebook-goes-all-in-on-fintech-with-launch-of-new-subsidiary

There are still no updates regarding this Cryptocurrency and we can guess it is because of the worldwide Pandemic which is currently occurring.  Another thing was when searching for "FACEBOOK CRYPTOCURRENCY", another Cryptocurrency was showed and it was LIBRA. Maybe we can see further developments on these Cryptocurrencies once the world is back to normal or at least most countries have controlled their Corona Virus outbreak.

It would also be a big step for Facebook to plunge into the Cryptocurrency Industry since it will be one of the Social Media Networks that is so famous that would use Cryptocurrencies.

I believe in Facebook global coin because it will help the mass adoption! This is very important in the crypto-world, more users know about crypto and their use and more this feature will grow good

Giving our financial control to a big corporate should be the last thing we should do. The whole point of Bitcoin is decentralized finance and handing it over to a corporate or a group of corporate is against the very basic.

You should not feel worry about this as facebook itself has already stated to terminate the calibra project and i think there will be no facebook coin will be coming very soon. You should watch the latest news about that.

It would be cool if Facebook launched its token before the end of the year and somehow integrated with defi, Oh, what a fire would ignite in the crypto.

first time hearing facebook will cause advanced money I to feel cheerful. since by joining Facebook in digital money will make the crypto market greater. Numerous huge organizations, for example, MasterCard, Visa and Paypal are remembered for Libra Associations. a foundation that will control libra and backing libra. however, of late I heard the news that a portion of the enormous organizations (mastercard and visa) chose not to help libra. I was amazed what truly occurred with Libra

Faceboook has billions of users around the world, so being able to issue their own currency can be a huge concern for the government and other banks. It will have a huge impact on the crypto market.

You are wrong, are you know about Libra facebook coin?? Many people enthusiastic about this coin before launched but now it's so bad. I try to search it in coingecko and coinmarketcap and Libra coin is no trading activity even though the project from Facebook. So my personal opinion Facebook will not give any impact or maybe only a little impact on the crypto market

It will only create a temporary hype but in the end its just like other coin that has no progress and lack of investors.

We thought its a big thing because the developer is facebook. Well I guess we need to wait longer to see if this can progress positively in the market.

The main reason why it did not attract investors is because of the regulatory requirement facebook has to comply first which is not an easy one. It somehow help the market anyway as during that time the market was really struggling, then came the Facebook's GlobalCoin and hype the market.

Here’s why regulators are so worried about Facebook’s digital currency (https://www.cnbc.com/2019/09/19/heres-why-regulators-are-so-worried-about-facebooks-digital-currency.html)

If I'm not mistaken, 2019 was shocked by the arrival of the Facebook project (coin LYBRA) but after rumors circulated that there were still many parties who did not approve of the launch of this Facebook-owned project. Even now, I don't see any positive news about Facebook coins anymore.

I believe LYBRA is the least of facebook's priority right now. During 2020 with the pandemic and US elections its highly unlikely they would make any progress in this project. However, I do realize the potential and the huge opportunity it would bring. Rather it will be set to disrupt the cryptocurrency network.

Several days ago Facebook guys announced that they will stop developing a single digital currency as part of the Libra project. Instead, several stablecoins will be issued, the rate of which will be pegged to various national currencies, Euro and dollar, for instance.

as we know that Facebook have billion member around to the world and many country still using Facebook as main social media for interaction or using for business, by launching Facebook coin I think is easy how to get many investor because Facebook have billion people joining Facebook social media platform and get faster for investor.

They maybe change the name but not the purpose, and to think that it will become a rival to bitcoin, that is wrong because bitcoin is decentralized while global coin is centralized operated by facebook, and nothing else.

I heard a little if I'm not mistaken the Facebook company changed the name of the coin to diemcoin. I briefly read this news there is a member who posts and informs the latest news about this, and in this forum too. but I forgot the thread.

When I hear this news I was feel very happy.  Facebook is a world leading social media. If they maake a cryptocoin and enter into cryptocurrency, I think it will be the greatest development of cryptocurrency.

I figure it will have an awesome effect available when opening a pattern for the world's driving organizations to enter the crypto market. I can't see the capacity of globalcoin at the present time, I am as yet ignorant regarding it yet on the off chance that there's an accessible assets to find out about Globalcoin go read it and study globalcoin, Facebook is a decent social stage so these future coin can likewise be acceptable.

I trust this is the start of crypto being all the more generally known and the public authority will encourage crypto advancement. Transformation is one of need in cryptoworld to see some immense siphon up, blockchain innovation is being famous due to its great effect and supportive to individuals and its business.

The altcoin would have been the bomb but since it is a stable coin, it can only go viral but price wise, it will remain like other stable coins.
I should have hodl the coin, if, it was not a stable coin. The fuse about the coin is based on the owners popularity.

The reason why the name of the facebook coin was changed is because of the oppression from the government that sees the coin as a challenge to the national digital currency they are planning to create. Besides, go and check the companies behind the project youll see that facebook is not included anymore while Stuart Levey is currently the CEO and the project name is now Diem (https://coinmarketcap.com/currencies/facebook-libra/).

Bitcoin will never have a rival in the cryptocurrency market cause it was the pacesetter, the only liberation coin created for the community, it was the coin that open the eyes of the world to a new possibilities and it was the only coin thats unbreakable by the government because it got it strength from a genuine enthusiast with different skin color but the same passion unlike Libra which was created by a group of board directors