[ANN] LIBRA - Simple Global Currency - Reinvent Money - By Facebook

[livingfree]

3) Reskinned PayPal.
To me it does not like a cryptocurrency which follows Satoshi's spirit of financial freedom. Instead, by using it you will lock yourself into an ecosystem primarily controlled by for profit companies which do not care about privacy at all.

The Libra Association – Crypto’s New Oligarchy

The end is nigh.

End of what? decentralization? crypto? or what?

There's an additional info that I've read, they are asking for KYC like what the heck FB is doing that if they already know the details of all of their users. Truly this Libra is centralized.

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[Bytecoiner419]

I totally hope the facebook coin fails... long live Bitcoin (BTC) BTC

let's sit back and see what happens...I know I will keep building my bags.

[rhomelmabini]

I hope this is not a fake, and this coin will really make something worthwhile.

It isn't fake moreover they aren't something worthwhile for the true meaning of decentralization.

[tvt.io]

I hope this is not a fake, and this coin will really make something worthwhile.

It isn't fake moreover they aren't something worthwhile for the true meaning of decentralization.

I hope this is not a fake, and this coin will really make something worthwhile.

[rhomelmabini]

I hope this is not a fake, and this coin will really make something worthwhile.

I just said above your post that it isn't fake here is the news about it https://techcrunch.com/2019/06/18/facebook-libra/. But I am not into them, I don't think that they really are something worthwhile for a cryptocurrency, they are alike somehow with XRP.

[alicea]

Did they make any official comments yet whether they will do an ICO/IEO for LIBRA or they will be just minable?

[TakeItEasy]

Facebook collected so much personal data and then just lost it ...
I don’t think that something from Zuckerberg can be trusted.
Besides, it will be completely anti-decentralized.

[Btc_1856]

Very centralize of course. Its not mineable so how is this going to be distributed if they will, are we going to receive coins specially those active facebook members?
It doesn't matter if its centralized though as long as it an bring more users to bitcoin, it will promote cryptocurrency as a whole to which Bitcoin will still be on top.

Still, we don't have complete details whether it is mineable or not, even we don't know how much supply they are going to keep and what are the specification they are going to keep for its own blockchain. Still, lot more details to be released in the coming days from the Facebook team.

[percy_tc]

This could be a very good effect on general judgment of crypto worldwide.

[jqprez]

If is not minable is not a cryptovalue for me

[GreatArkansas]

Did they make any official comments yet whether they will do an ICO/IEO for LIBRA or they will be just minable?

NO ICO/IEO for Libra and Libra isn't minable. Libra is based on proof-of-stake. If you are ordinary people, you can't make money on Libra since it is like a 'stable coin'.

If you want to earn money with Libra, maybe you can be one of the founding members that paid a minimum $10 million, just what said below and you can read more about Libra there.

Libra is totally different on some cryptocurrencies that are totally shit and scattered over that doing such an ICO/IEO just to scam and steal people's money.

Each founding member paid a minimum of $10 million to join and optionally become a validator node operator (more on that later), gain one vote in the Libra Association council and be entitled to a share (proportionate to their investment) of the dividends from interest earned on the Libra reserve into which users pay fiat currency to receive Libra.

[joniboini]

If is not minable is not a cryptovalue for me

Any PoS coins or tokens is not minable though. So they're not crypto to you too?

This could be a very good effect on general judgment of crypto worldwide.

Nah, crypto is just used as a marketing purpose. It's essentially a centralized digital fiat-backed currency just like any other e-money apps/software is. But sure, if it got hyped people won't care, like what happened in 2017 with scam ICOs being funded with millions of dollars.

[jvac2018]

I hope it is decentralize and still promotes the aspect of what is a cryptocurrency. 'coz what I have heard is that facebook's coin is a centralize coin.

Yeah, Nah, this "coin" will be the brother/sister of ripple..There is no way that a centralized company would or even could, afford to make and run a decentralized platform..... Complete contradiction in all that the big 100 stand for...It(facebook coin, libra, global coin, doesnt matter the name coin) will be centralized, no matter what is told on the surface.

[greekcomunity]

hello all, is this the ann thread of the Libra project that was carried out by the Facebook CEO? is this fake? if this is true I am not too sure because I see very minimal and confusing information as well as in detail

[jqprez]

hello all, is this the ann thread of the Libra project that was carried out by the Facebook CEO? is this fake? if this is true I am not too sure because I see very minimal and confusing information as well as in detail

I don' t think so. But Lybra is not innovative, the crypto is another world

[bassbity]

hello all, is this the ann thread of the Libra project that was carried out by the Facebook CEO? is this fake? if this is true I am not too sure because I see very minimal and confusing information as well as in detail

Yes right, I also became doubtful about this ANN. I think this is not official from the CEO because Libra is a big project so it is impossible to provide minimal information like this.

[21GlobalCoin]

The Senate will hold a hearing next month on Facebook’s Libra currency

"On Wednesday, the Senate Banking Committee announced it will be holding a hearing next month to question witnesses over Facebook’s new cryptocurrency initiative, Libra.

The hearing, entitled “Examining Facebook’s Proposed Digital Currency and Data Privacy Considerations,” is set for July 16th, but the committee has yet to nail down who will be testifying. The plans come shortly after Facebook formally announced its new cryptocurrency and blockchain ecosystem, Libra. Facebook’s plan was met with harsh criticism from lawmakers, as well as calls for investigation into the potential consumer risks." (theverge)

[frcat]

Does anyone know how much backed funds they have so far? As I know some big companies invested for 10 mln usd each... Does facebook going to allocate some funds for their coin too? And when will be official launch of their coin?  

[gembitz]

Looks bad, will mine anyway if I can.

Let's hax on that open source though to try and get a proper deanonymizing block explorer so at least the financial data is all public

with two newbie "devs" listed on github how far will the powers that be reveal DDoS and BRUTEFORCE to make $FB recognize what animal they discribe is a SECURITY BACKED BY PAYPAL VISA ZUCKERTURD ...LOL    #BOOKMMDANO

Does anyone know how much backed funds they have so far? As I know some big companies invested for 10 mln usd each... Does facebook going to allocate some funds for their coin too? And when will be official launch of their coin?   

via issuing one coin per facebook acct lol

[jqprez]

I dont understand. If fb's CEO really wants to enter the world of crypto, why not buy a mid-cap currency directly?