Bitcoin Miners
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Roobet
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July 14, 2019, 11:32:35 AM |
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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).
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Bitcoin Miners
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Roobet
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July 14, 2019, 05:29:28 PM |
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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).
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zzortyx
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July 16, 2019, 06:58:27 AM |
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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.
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bittick
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July 16, 2019, 08:14:50 AM |
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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).
In general, it seems to me that this is the first attempt by a global company to enter the cryptocurrency market. And I think that it will not be possible in the next 2 years to launch such a large-scale project even Facebook. 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. |
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setialovers
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July 16, 2019, 09:44:35 AM |
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In general, it seems to me that this is the first attempt by a global company to enter the cryptocurrency market. And I think that it will not be possible in the next 2 years to launch such a large-scale project even Facebook.
Facebook is not the first company tried to do this. Tencent is the first, but the Facebook's Libra caught more attention and created more noise because the power and great impacts of Facebook on social media platforms, and in real life. If Facebook can do this, without serious adjustment from its orginal Whitepaper, Libra will change the way people choose as payment gates for their daily expenses. 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. |
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Neovitadi
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July 17, 2019, 06:25:46 AM |
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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. |
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bright4mech
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July 17, 2019, 08:46:42 AM |
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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.
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muhhentuhhen
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July 17, 2019, 07:45:05 PM |
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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
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. |
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santiPOGI
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July 17, 2019, 08:14:03 PM |
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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..
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mich
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July 18, 2019, 05:17:39 AM |
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Libra currency will be 50% backed by USD, Euros, British Pounds, and Yen https://www.coindesk.com/lawmakers-amp-up-pressure-on-facebook-to-halt-libra-cryptocurrency-developmentU.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.
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linkybit
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July 18, 2019, 05:44:25 AM |
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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.
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Gayong88
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July 18, 2019, 08:42:24 AM |
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GlobalCoin is coming. What are your thoughts on this new Facebook-made altcoin? What have you heard about it?
Share your first impression!
Yes, I also follow the issue of development, all need processes to be accepted and have legal legality. |
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coin_ghost
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July 18, 2019, 08:58:30 AM |
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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.
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TheClownSong
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July 18, 2019, 09:40:08 AM |
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Libra currency will be 50% backed by USD, Euros, British Pounds, and Yenhttps://www.coindesk.com/lawmakers-amp-up-pressure-on-facebook-to-halt-libra-cryptocurrency-developmentU.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 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 |
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swiftbits
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July 18, 2019, 02:00:16 PM |
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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.
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Delilonia1
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July 20, 2019, 08:01:08 AM |
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GlobalCoin is coming. What are your thoughts on this new Facebook-made altcoin? What have you heard about it?
Share your first impression!
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. |
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efxtrader
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July 20, 2019, 08:42:05 AM |
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GlobalCoin is coming. What are your thoughts on this new Facebook-made altcoin? What have you heard about it?
Share your first impression!
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 |
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hongus
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July 20, 2019, 08:55:28 AM |
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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.
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Bang El
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July 20, 2019, 09:02:27 AM |
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GlobalCoin is coming. What are your thoughts on this new Facebook-made altcoin? What have you heard about it?
Share your first impression!
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 |
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