I'm kind of pleased they don't have one. Yes it's a big exchange and quite an old one as well in comparison. The problem is if they implement one now it just looks like they're jumping on the bandwagon and desperately trying to keep up with these new exciting exchanges. The problem if they don't do it is they might start to look out of touch. It's a difficult position that will get more difficult as time goes on.

XRP is fast with a low fee, that's really the point of the coin. It can have sudden huge price spikes as well, which is always good. It depends how many addresses you want though, XRP wallets do have a minimum amount of 20 XRP in order to fund the wallet.

I'm kind of surprised that they mentioned FB's history of abuse of user data as one of their concerns.

It really is a huge concern, I'm just a bit skeptical that this is the real reason for the US objection. I suspect they might be considering Libra to be a threat to the US dollar, and the user data thing is just a convenient way to object.

Being like Facebook shouldn't be an aspiration. It's a corporate data-vampire hell buried beneath an aggressively friendly veneer. Honestly whichever way Facebook goes, you're best going in the opposite direction.

This forum is simple and functional. It's fine as it is.

Libra is the newest weapon in the arsenal of the infamous data vampires called Facebook.

They will take every last drop of personal information they can get from you, and they will bleed it dry. "Your" data will become their data free of charge. They will construct a digital model of you to sell on to advertisers. They will curate your newsfeed based on the model of your personality, in order to subvert your free-will and direct you towards FB's desired behaviours.

Other than that, great coin.

Me neither. Facebook's business model is based around surveillance capitalism. They store anything and everything you do on their platform. The whole aim is to feed your data into behavioural analytics programs to profile you and then sell the information on to third parties for the purposes of advertising and further behavioural modelling. This is how FB makes money. The old adage is true: you are the product.

The FB coin is just another step on the road to achieving perfect behavioural prediction. The coin gives you convenience, but takes away every bit of personal information you share. For me that's not a fair trade, and it's not even an explicit trade as they won't even admit to what it is they are doing.

We absolutely should not surrender valuable personal information such as this. I am glad that many on here seem to share my opinion that personal data is valuable and should not just be handed out for free. If a company wanted my fingerprint or eye scan, how could I trust them not to sell this data on to a third party?

Personal data is a huge and lucrative market, and there is a lot of money changing hands as information is passed to advertisers and more nefarious parties. Even if the company has genuine noble aims, there is always that incentive to sell the data, and even if they don't there is the possibility of hacking once it's known that a company holds vast tranches of this data. Information such as this really is digital gold. Everyone wants some, and you shouldn't give it away or allow it to become vulnerable to theft.

Your personal data is yours and should remain yours. Guard it well.

It won't pump, it's a stable coin.

The only pumping involved in this coin is Facebook pumping data out of us for free in order to feed their behavioural profiling business, and sell on to advertisers.

That's the point of it as far as I can see.

For anyone who is considering buying this coin, if you're not on Facebook already then just avoid it. It's the absolute opposite of decentralisation and anonymity.

If you are on Facebook then please be aware that they have already built a digital version of your history, preferences and perspectives - this coin is simply a further step in the refinement of the model.

No, it won't destroy or replace other coins.

Facebook is a data mining company. Their interest in crypto is as a means to harvest yet more data to use for behavioural profiling (and modification) and to sell on to third parties for advertising and further profiling.

Facebook is a plague, and the antithesis of privacy. Avoid at all costs.

Facebook's coin is just a stable coin that they will use for sucking up all of our purchasing activity in order to feed it into their behavioural modelling algorithms and then sell on to third parties.
I'm not really sure how it competes with XRP as its focus seems to be on a completely different area.

It's difficult to decide when to switch between alts and BTC. If you time it right you can gain hugely, but time it wrong or leave it too late and it can be frustrating.
I think probably a lot of people who have money in BTC are starting to think about moving to alts now rather than the other way around, but I might be wrong. History does suggest that a big BTC rise is often followed by a big alt rise, so there is agood chance that alts may outperform BTC in the near future.

I think there's a chance it could lead to privacy coin popularity.
Did you see the huge queues at ticket machines? Protesters were buying with cash because they didn't want ticket purchase history to be tracked and to link them to being at the protests.

https://www.coindesk.com/crypto-is-an-important-defense-against-todays-orwellian-surveillance

I think it will crash, yes. There is no point to the coin, it is yet another purposeless random fork of BTC.
Certainly there is profit to be made from its volatility, but ultimately I think the coin will prove to be worthless.

First, don't invest in anything until you've fully researched it yourself and are comfortable with your knowledge and understanding of the coin and its history and long-term aims. That said, here's a quick preliminary on XRP:

XRP is different to many other coins in that it is run by a single company (Ripple) who work closely with the banking industry. So a lot of people in crypto are against XRP from an ideological perspective. From a product perspective, Ripple the company are hugely successful, but there have been questions over the years about whether their products actually need the XRP coin. For me at least this has been answered and yes the coin itself plays a pivotal and irreplacable role, and I expect the value to increase sharply. One thing that I think is not in doubt is the quality of Ripple solutions. Their primary aim is to transform the international banking industry with fast cheap inter-currency transfers. They have demonstrated many times how their product is far superior to existing solutions.

I think the statement from the company of what the reward is worth is often irrelevant. Most coins tank when they hit the exchanges, and a nominal reward of $100 would be very difficult to achieve in practice.

I think the most important is to just pick a good project, irrespective of what they say the bounty reward is. Small reward from good project is likely to be worth more than supposed large reward from a poor project.

I think it depends on why someone calls themselves a communist/socialist. Many left-leaning people aren't really in favour of government control of everything, really to many it's just an oppositional position under the umbrella of "opposed to market capitalism". I think for people who don't like the current system where the rich get richer and the poor get poorer, they just want something fairer in place, the actual apparatus and mechanism of this alternative being less important. If the cost is government control then so be it. So I think in this way communism/socialism and bitcoin are compatible - they are both different oppositional approaches to replace the current prevailing ideology.

No, it's not good to buy.
For one thing it's a stable coin so it won't increase in price.

But the most important reason not to use it is that the purpose as with all things Facebook is data mining. They will track your purchase habits with this coin and use it as part of their behavioural profiling, to build up a digital picture of you which they can then sell on to advertisers and other third parties.

The old adage of "if you're not paying, then you're the product" applies to everything FB does. The coin is no different. Facebook is like a comic book supervillain, world domination no matter the cost. The cost here being privacy and autonomy.

Surveillance capitalism undermines individual liberty, as FB can use their profiles of people to subtly modify our behaviour as they desire.

I think at the moment the price movements for most coins are tied to the market as a whole. LTC is moving up the same as other top coins, so I don't think it's anything specific to this project. But yes, $150 looks certainly reachable soon.

Don't panic, and look at the price history of your coins. Hopefully you have good coins, and at least some BTC in there.
If you buy at a peak then it is quite disheartening as you watch the price drop, but then when you look back at other peaks you see they were eventually followed by even bigger peaks. So don't lose faith, for good coins the road continues to lead upwards... it's just that there are plenty of bumps along the way.

The best ones to start with are the established ones, I'd say BTC, ETH, XRP. And the big exchanges as well.
Once you're comfortable and have learned more, then spread out to other coins.