Facebook Libra (or Globalcoin)

[Gypsy.Danger]

Hello! I am confused with Facebook as I read they are not selling right now. Really, a lot of things you questioned about are remain to bee seen.

Right now, facebook coin was just launched their website, you can visit it and try to read their whitepaper to fully understand every detail. And for their tokensale, it is still TBA.

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[katerina5643]

hi, guys!
i was really surprised with the news that facebook's gonna provide all people kinda general-purpose stable coin.
in my ind its really cool idea that will completely change world of cryptocurrency.
also recently i've read read related article. u can check it. https://finance.yahoo.com/news/facebook-inc-fb-wants-more-220415665.html

[khiholangkang]

Right now, facebook coin was just launched their website, you can visit it and try to read their whitepaper to fully understand every detail. And for their tokensale, it is still TBA.

I think they will not hold token sales, even if they are definitely not available to the public (just like telegram is only private sales)

[katerina5643]

hey , everyone. recently i have found an interesting thread regarding this discussion. You can check it following the link.

[FLHippy]

Hello guys,

could you please help me to better understand Facebook coming coin project?
I am interested in these topics.

1. Libra and Globalcoin is just the different name for the same Facebook coin?
2. Now on 18th of June Facebook want to reveal the Libra (Globalcoin) project, but the coins will not be in sale? The lunch/sale is planned for the beginning of 2020?
3. Do you know how it will be possible to buy Facebook coins? Will this coin be listed on marketplaces like Bitstamp, Kraken ... or will it be possible just via Facebook apps?
4. Will the price be somehow regulated by Facebook or will it be fully open as other cryptocurrencies?

thanks

Stilicho

1. We thought that the name would be: Globalcoin, but Facebook named it as Libra (Libra project)
2. I think it will be postponed, they have many problems with US regulators.
3. You will buy coin in Calibri app after passing KYC, I do not think it will be listed on classic crypto exchanges.
4. Yes, it will be pegged to USD, Euro and other stable assets.  

[imstillthebest]

Not sure if there is more reasonable usage of this coin than just paying for Facebook ads. Nevertheless they will make an intuitive interface for wallets and any other software, so normies would understand how to use it. Kinda interesting what it could end up to, but it will shake the crypto world for sure imho.BTC

That will helps bringing newbies to this industry after learning it from FB they will be interested to know deeper and it will be the beginning of their interest into this market, crypto space will benefits in terms of additional awareness but in terms of additional investment only time can tell of there's as life coming from those new people to learn crypto.

thats also what im thinking  . i believe that fb's coin is the solution to help the crypto awareness grow bigger  because with the help of the popularity of fb , regular indivduals will become curious about thier coin in which they'l sool find them selves exploring for more related stuffs  . 

@Oliver1301  , that should be the coins primary usage , for paying ads and other service inside facebook but i think it can also work as a tradable asset or a currency as well outside the fb platform  .

[gwdf1]

Hello guys,
could you please help me to better understand Facebook coming coin project?
I am interested in these topics.
1. Libra and Globalcoin is just the different name for the same Facebook coin?
2. Now on 18th of June Facebook want to reveal the Libra (Globalcoin) project, but the coins will not be in sale? The lunch/sale is planned for the beginning of 2020?
3. Do you know how it will be possible to buy Facebook coins? Will this coin be listed on marketplaces like Bitstamp, Kraken ... or will it be possible just via Facebook apps?
4. Will the price be somehow regulated by Facebook or will it be fully open as other cryptocurrencies?
thanks
Stilicho

1. We thought that the name would be: Globalcoin, but Facebook named it as Libra (Libra project)
2. I think it will be postponed, they have many problems with US regulators.
3. You will buy coin in Calibri app after passing KYC, I do not think it will be listed on classic crypto exchanges.
4. Yes, it will be pegged to USD, Euro and other stable assets.  

Its name does not matter. I guess Facebook worries about this stable coin future as the American government started speaking about the possibility to freeze the project. Suppose, it will be not done, and Libra (I bet, this name will be the final one), will be released in 2020. It will cost under a dollar, I think, but at the same time, it will not be a penny token.

[Crypto.Smiles]

I am also waiting for Libra, and want to buy it on the exchange. I will patiently wait until the beginning of the year next year 2020, when Libra is listed on the exchange. I hope Libra is available at Binance and KuCoin. Let's wait for the busy coin to be discussed lately.

[LbtalkL]

Libra is not Facebook, It is one of the members of the Libra Association. Maybe some misinterpret this but facebook is supporting this project it is still a big crypto event.

[haufranco]

Seems clear w/ all coins scams none of them

[ðºÞæ]

So a private company (fb) can see all transactions of other private company's! A company partaking in this system is worth exactly nothing.
To open (fb) bank account you need ID like regular bank who is verifying Mark Zuckerberg's ID on top of the pyramid, his friends... no-one he is god and does not need verifying?
In some countries every bank has its own money like https://en.wikipedia.org/wiki/Banknotes_of_Northern_Ireland and pegged to pound.
Equal (most of the time, sometimes higher fee to exchange) to 5 UK pounds.

[yulionoo]

I think we have to wait until 2020 to be able to answer these questions. because until now there has been no announcement on the exchange where we can buy libra ?. what we know for sure from this libra is a centralized coin which will later be governed by the libra association. Libra Association consists of several large companies such as Mastercard, Visa, Paypal and others. but I heard that the three companies had decided to leave the association.

[sallasvve]

Can someone explain to me why the US authorities hated Libra so much. What is the reason for the attacks on this coin by the authorities? Do they see the Libra as a competition to their dollar? After all, the dollar has been used around the world for many decades.

[masulum]

Can someone explain to me why the US authorities hated Libra so much. What is the reason for the attacks on this coin by the authorities? Do they see the Libra as a competition to their dollar? After all, the dollar has been used around the world for many decades.

Maybe this article can give you an answer about why US authority rejected Libra. In that article also has a reason why major company who supports Libra before, start to quit from this project.

[Perfect35]

Can someone explain to me why the US authorities hated Libra so much. What is the reason for the attacks on this coin by the authorities? Do they see the Libra as a competition to their dollar? After all, the dollar has been used around the world for many decades.

Maybe this article can give you an answer about why US authority rejected Libra. In that article also has a reason why major company who supports Libra before, start to quit from this project.

Thanks masulum, this is a useful article. However, if Facebook fails to provide answers to questions asked by the congress, I envisage that it might forfeit being launched, come 2020. The bridge in their security system, mist especially to the privacy of users is bottleneck to their acceptance.

[chaoscoinz]

Hello guys,

could you please help me to better understand Facebook coming coin project?
I am interested in these topics.

1. Libra and Globalcoin is just the different name for the same Facebook coin?
2. Now on 18th of June Facebook want to reveal the Libra (Globalcoin) project, but the coins will not be in sale? The lunch/sale is planned for the beginning of 2020?
3. Do you know how it will be possible to buy Facebook coins? Will this coin be listed on marketplaces like Bitstamp, Kraken ... or will it be possible just via Facebook apps?
4. Will the price be somehow regulated by Facebook or will it be fully open as other cryptocurrencies?

thanks

Stilicho

Libra is similar to Paypal, it's a stable digital medium of exchange (stablecoin), with KYC & AML compliance, customer support, etc, except its a Blockchain run platfrom.
Right now, Libra is going through the motions of extreme regulatory scrutiny, regaurdless, it's still seems like a neccsessary step foward.
    I personally think that the Libra coin and project are whats needed to bring in a mass global level adoption of crypto-currency. I think the only way for Crypto-currency to truly succeed is to make a compromise with the big institutions, financial sectors, governmental bodies, and the common layperson who may be either a Luddite, impoverished, in a remote location, or just simply ignorant of the concept of Block-chain and Bitcoin.
   Facebook has an undeniable reach around the planet, their influence is up to 1 billion active users. I believe that in order to circumvent the adoption problem among ordinary people like grandma/grandpa, children, etc, you have to reach them through a medium that has a social impact upon them.  Although centralized, Libra seems like a good platform that has plenty of tools that could be utilized to educate people and spark interest and curiosity about other forms of Blockchain technology and crypto-currencies.

[Branko]

Is art imitating life, or life imitating art?

https://www.youtube.com/watch?v=gHOAKWzDH-Q

[crossabdd]

the libra project (facebook) is still a lot of controversy, especially regarding legal regulation. some time ago, some Libra partners dropped out of the project. you should think again about the investment. I do not force you not to buy. but I think, Libra will have a big change. due to the influence of regulations and partners who drop out. So before that, you can read the news about the Libra project.
https://www.usatoday.com/story/tech/2019/10/13/visa-mastercard-ebay-and-others-drop-out-facebooks-libra-project/3968804002/
this is a major partner drop out.

[nakata121]

the libra project (facebook) is still a lot of controversy, especially regarding legal regulation. some time ago, some Libra partners dropped out of the project. you should think again about the investment. I do not force you not to buy. but I think, Libra will have a big change. due to the influence of regulations and partners who drop out. So before that, you can read the news about the Libra project.
https://www.usatoday.com/story/tech/2019/10/13/visa-mastercard-ebay-and-others-drop-out-facebooks-libra-project/3968804002/
this is a major partner drop out.

With more and more partners coming out of the Libra project, of course it will be very difficult for Facebook to develop their projects going forward, I think without strong support from various parties, it will certainly make Facebook think again to continue launching the Libra Coin in accordance with what had been planned from the beginning, or even could have fatal consequences that could have been canceled Libra coin project.

[barabarian1]

Facebook makes its own cryptocurrency which is named as a Libra coin. This libra is a stable coin because later libra coins will be managed and controlled by the Libra Association. and to save these libra coins Facebook has created a digital wallet called calibra. according to the plan facebook will release this libra in 2020. but lately there have been a lot of bad news about libra ranging from the rejection of several countries in Europe and the American president and out of several large companies that support it. but I am positive thinking Facebook will not give up they will continue the Libra project.