Your thoughts on Facebook's GlobalCoin

[zee11225]

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.

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.

[mich]

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.

[NeelMariaWarner]

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 .

[mich]

Coincheck-Owner Monex Group Moves to Join Facebook Libra



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.

[Little_king]

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.

[mich]

Getting interesting around here -  why Facebook always stealing ideas 

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

'

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).

[pragna]

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

Share your first impression!

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.

[mich]

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.”

[mich]

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.”

[jostorres]

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

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.

Everybody should stay away from btc projects. They track every your step and selling every bite of information

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.

[nwosuchristabe2]

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.

[Burogh]

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.

[coin-investor]

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.”

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.

[Krabby]

Everybody should stay away from btc projects. They track every your step and selling every bite of information

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

[Soberb]

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.

[charlop24]

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.

[mich]

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.

[mich]

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.

[joexins]

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

[Oyarebu]

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.