Libra ("Facebook coin") now finally have white paper and website

[Mpamaegbu]

I think, Libra will be an extraordinary project.  I see Libra has many big partners.  I predict that Libra progress will be successful and will get many platforms that accept Libra.  this is an opportunity for me to buy Libra coin.  I will save Libra for long-term investment.

It is going to be another stable coin like tether and the rest of the stable clones. I don't see anything much it will do apart from dealing a big blow to the banks as all Facebook advert spaces will be paid for with Libra. It's not a match for Bitcoin. It isn't even a match for Litecoin let alone Bitcoin. People shouldn't over hype it as coin that will have instant moon. After all, what is Facebook share worth compared to Amazon and Alibaba shares. The latter two are way higher, of course.

[spadormie]

I didn't know that Libra was the facebook coin. I just turn my page to bitcoin discussion and I saw a topic Libra vs BTC. And I think to myself what the hell is Libra? And then I turn my page to altcoin discussion and I saw that it is facebook coin. I told myself uhh okay. But I have a question running through my mind asking why is it called Libra when the company is facebook? Usually, the coin's name will inherit the name of the company. But this one is Libra, kinda not the name I was expecting. But damn, look at the partnership of Libra. I wonder what could be the result of this coin if this one will not be a stable coin.

I really hope that they will change this. Because this could be the coin that might even dethrone any of the top 10. Although it could dethrone any of the top 10 because even Tether, a stable coin did it.

[InwardContour]

I've visited the libra website but haven't taken time to go through the white paper. I'll do that when I get home because I'm really eager to know the development plans and features of this "most talked about" upcoming crypto coin.  I understand everyone is anxious to find out what Libra brings forth, some with positive perception and a few with negative perception. Either ways, it's a good thing to the overall crypto market. I wonder what the crypto market cap will be next year.

[BitcoinFX]

I've visited the libra website but haven't taken time to go through the white paper. I'll do that when I get home because I'm really eager to know the development plans and features of this "most talked about" upcoming crypto coin.  I understand everyone is anxious to find out what Libra brings forth, some with positive perception and a few with negative perception. Either ways, it's a good thing to the overall crypto market. I wonder what the crypto market cap will be next year.

Ain't Bitcoin what started Blockchain Technology?

Correct. Bitcoin is not mentioned in the Libra Whitepaper ...

- https://libra.org/en-US/wp-content/uploads/sites/23/2019/06/LibraWhitePaper_en_US.pdf

However, it is mentioned in the Libra Blockchain paper ...

- https://developers.libra.org/docs/assets/papers/the-libra-blockchain.pdf

Pages. 4, 6, 10 and 14 as well as in the References ...

[23]
“Leaf-node weakness in Bitcoin merkle tree design,”
https://bitslog.com/2018/06/09/leaf-node-weakness-in-bitcoin-merkle-tree-design/ .
[24]
S. Nakamoto, “Bitcoin: A Peer-to-Peer Electronic Cash System,”
https://bitcoin.org/bitcoin.pdf, 2008.

...

Regina Spektor - "Us"
- https://youtu.be/fczPlmz-Vug

[psycodad]

Could it not just be that FB wants a) their share in transaction fees on the internet and much more importantly b) to link the browsing habits of ~2bio customers to the spending habits of that same crowd?
I would think that a FB user is worth much more to them if they can combine all the info they already have about a person with a quite comprehensible transaction history?
Meaning the project is actually not really a cryptocurrency project but more a project to track people also financially.

[kindbtc]

This really is big and i see even global newspapers reporting and writing about it and with auch big names backing this coin it seems like crypto mass adoption is round the corner i personally cannot wait to see btc hitting 100k and i think it can happen in 1 to 2 years time.

[BitcoinFX]

Could it not just be that FB wants a) their share in transaction fees on the internet and much more importantly b) to link the browsing habits of ~2bio customers to the spending habits of that same crowd?
I would think that a FB user is worth much more to them if they can combine all the info they already have about a person with a quite comprehensible transaction history?
Meaning the project is actually not really a cryptocurrency project but more a project to track people also financially.

Indeed. Cypherpunk "nightmare".

Libre not $Libra.

- https://en.wikipedia.org/wiki/Criticism_of_Facebook

#deletefacebook - https://deletefacebook.com/

[forexandcryptoauditor]

The day has come. The next evolution of cryptocurrencies is here. With Libra, as they are mentioning it global currency and financial infrastructure, it will really transform the global economy. I see a direct threat or biggest competition to banks.
However, we will not see the decentralization in near future as many governments are not in favor of cryptocurrencies.
Let's see how it will change the Cryptoworld.
I am wondering if I can take part of it's bounty🤩

[maianh09]

So, it's really happening...
https://libra.org/en-US/

I learned about Facebook coins, and I found that FB was trying to create a separate currency. Many people say that it will not become Crypto. But if it listed on exchanges, it may become Altcoin. The ICO of FB will not have small investors who can participate because the minimum investment is very big.

[therhslv]

Probably will take few years to do it and integrate into Facebook messenger and whatsapp . Why would not make just stable coin on Ethereum ? =] Is there any official news from facebook about Libra , Crypto stable coin ? Would be really nice to see something more

[Temido2222]

Reminds me of how everyone in China uses WeChat for money transfers. I'm not impressed, but if Libra gets people away from cash and cards and gets them to use phones and computers for more transactions then I say it's good for BTC/Crypto as a whole.

[Slavyanskiy]

Yes, this is of course good news, but I think the news would be even better if the project had a bounty program. I am sure a huge number of bounty hunters would take part in such a program.

[logicgate]

Libra isn't a threat to Bitcoin, but actually more of a threat to the banks from what I am seeing. Its basically an alternate way to store your "stable" currency without using a bank.

At the end of the day though, because it is backed by a government currency, it can be inflated like anything else, but it definitely looks like a bank killer to me, and a new way to store your stable money AND be able to spend it and transact globally.

  Yes it is going to give banks a tough time I think. Not only bank but according to the experts, it is going to be a rival of Bitcoin in days to come. I do not buy it that much because Bitcoin is very secure but the fact that Libra is going to give rise to jobs and cut down the costs of transaction are incredibly amazing. Looking forward to put in some money and let’s see how it goes.

[BitcoinFX]

Could it not just be that FB wants a) their share in transaction fees on the internet and much more importantly b) to link the browsing habits of ~2bio customers to the spending habits of that same crowd?
I would think that a FB user is worth much more to them if they can combine all the info they already have about a person with a quite comprehensible transaction history?
Meaning the project is actually not really a cryptocurrency project but more a project to track people also financially.

Indeed. Cypherpunk "nightmare".

Libre not $Libra.

- https://en.wikipedia.org/wiki/Criticism_of_Facebook

#deletefacebook - https://deletefacebook.com/

 

Head of Facebooks Libra Distances it from BTC: We'll Share Information with Authorities ...
- https://cointelegraph.com/news/head-of-facebooks-libra-distances-it-from-btc-well-share-information-with-authorities

Chair of House Financial Services Committee Requests Halt on Facebooks Crypto Project ...
- https://cointelegraph.com/news/chair-of-house-financial-services-committee-requests-halt-on-facebooks-crypto-project

[Mux@]

Libra is non-profit organization. Although Facebook places a role in its development it is not totally own by Facebook as people have been saying but as time goes on we shall know about it.

We will learn over time how naive you are to believe that this nonprofit organization is not subordinate to anyone, but works for the benefit of Facebook users. This organization is in any case directly dependent on Facebook. And I wanted to sneeze that is written in their white paper about it.

[hannahboy]

Okay I have seen a lot of claim that the Libra coin will make a lot of people to stop making use of banks and focus on making use of Libra because it's a stable coin?? Funny. You all need to know that even before now that Facebook had a means for storing and sending money right on the chat on messenger. This is not a way for them to take customers from banks, even if you decide that you will he making use of Facebook Libra, it won't make any sense cause you're still going to need the help of banks to send money to your Libra wallet right?? And the money you send to Facebook Libra is still stored in a bank right?? So it doesn't make any sense. They are just going to use this coin to be tracing your every move and target their adverts perfectly.

[ophyrim]

Libra is not an alternative of decentralization and of course BTC.

Libra is totally centralized and an alternative to the current banking payment system

[baigreen]

Well, this is how you can determine the quality of projects. Laconic neat website design. And good documentation. We wish this project only one thing. Let it enter the cryptocurrency market faster and support the economy.