Should we boycott the Facebook Coin (Project Libra)?

[Ureung jameun]

Facebook is the antithesis of everything Satoshi stood for.

Should we, as the crypto community, boycott their effort?

I wouldn't be surprised if Facebook tried to use their massive wealth and lobbying arm to try and push for laws that favored their crypto and somehow harmed others.

It wouldn't be the first time that a company had engaged in lobbying and rent-seeking to harm competitors.

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

[isaac_clarke22]

Facebook is the antithesis of everything Satoshi stood for.
~

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

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

[betty11]

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

[lousie9]

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

[diazepam666]

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

[mobilestrike]

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

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