So it is happening..facebook coin Libra

[MonsterV]

I don't think this helps bitcoin rise, it is more helpful to promote bitcoin where introducing facebook users to the technology adopted by bitcoin. Yes, this is more about future technology.

An honestly this coin intended for the existence of traditional banks. I have read a whitepaper libra coin and most of the word just tell me traditional banks has no everything, I guess if everyone are aware against it then they will move the money they had on the bank to this coin. This is stable coin which mean you can use this coin with comfortable without the volatility thing but I don't agree if this coin to be use as investment place I'll choose bitcoin as place of that. The presence of this coin can make all people know about cryptocurrency, blockchain and decentralized system which mean if all people read against it they will know bitcoin and will have an interesting to buy it.

Yes it's true, Libra has low volatility so this coin is not suitable as an investment, and actually this coin is used for business purposes between Facebook users and Facebook.
On the other hand, clearly with the announcement of this coin, it will make new changes where the blockchain is the technology of the future, and this will lift the existence of bitcoin too.

[Indrawan77]

This is interesting for sure Libra is already gained a big popularity, it just up to the developers team how to implemented the usage of this coin, its good to see some big coin try to become btc rival, but I think it still faraway to compare with bitcoin, but for sure this coin is going to be phenomenal

[efrenbilantok]

Even if this is decentralize or centralize, this is facebook is a really really big company, investors will invest here no matter what, I think if they will do ICO this will be sold within just a milliseconds. This is really interesting and a lot of us is waiting for this one

[Jpti]

I think the impact of the media giant involving in cryptocurrency will have effects on the market overall. Some of its good impacts have started manifesting on the market with major coins increasing in value. Being vocal of cryptocurrency once, Facebook is joining it and it means a good impact on the market. So lets hope for good.

[Kezacky]

In my opinion, if the plan is realized soon, it's likely to have a big impact on crypto lovers including new members who will join them, because Facebook has a large community in the visual world, while Facebook releases centralized coins like Bitcoin and of course there will be major changes on the site this global.

[escalante28]

I think Libra will be the reason for a bullish market these coming months. Just imagine how much users Facebook has and let say 1/2 of them will buy libra and half of them will learn what is a cryptocurrency. See? if that will happen I'm sure they will use bitcoin and altcoins as well.

I'm so glad what will be the outcome of Libra and how it will help the people around the world.
Libra will be a stable coin that can use by anyone, anywhere and anytime that didn't require any documents.
The overseas worker will benefit this because they can save transaction fees and time when they are going to send money to their family from the other side of the country.

In that case, people around the world will have an interest in crypto and remember, every coin and tokens have a maximum supply and that is not enough for everyone to have it. That will lead to a bullish market, of course, thanks to Facebook.

[blueteam09]

I think Facebook will not turn "Libra" into cryptocurrency because Facebook has claimed to remove ads related to Crypto activities from the platform. Could Libra become Cryptocurrency after completing its ICO? If it listed on the exchange, this might take place.

[Google+]

I think Facebook will not turn "Libra" into cryptocurrency because Facebook has claimed to remove ads related to Crypto activities from the platform. Could Libra become Cryptocurrency after completing its ICO? If it listed on the exchange, this might take place.

For the development of cryptocurrency I don't think there is anything that is impossible, when humans like Mark say they prohibit cryptocurrency activity, there will be an exception for Libra and I'm sure Libra will still be promoted because Libra's owner is a Facebook company.

[Samboo]

Wow good news and a ray of hope for cryptocurrency have been on the horizon as I think the news about Facebook joining cryptocurrency will definitely have an impact on the crypto market. I do not know price of coins will increase multiple times or not after the issuance of Libra coin. But one thing is definitely becoming reality that cryptocurrency is being adopted widely.

[Nesbee2]

the introduction of Libracoin by facebook is a welcome development that will help publicise the cryptoworld more . and with the numerous facebook subscribers , Libra coin will make alot of people to adopt the blockchain technology and use of cryptocurrency.

[maldini]

I think Facebook will not turn "Libra" into cryptocurrency because Facebook has claimed to remove ads related to Crypto activities from the platform. Could Libra become Cryptocurrency after completing its ICO? If it listed on the exchange, this might take place.

For the development of cryptocurrency I don't think there is anything that is impossible, when humans like Mark say they prohibit cryptocurrency activity, there will be an exception for Libra and I'm sure Libra will still be promoted because Libra's owner is a Facebook company.

Yes, it would be an exception for their own coins, again on the grounds that Facebook prohibits cryptographic ads because there are many scams during ICO. Well because Libra has full trust and this is a self-developed coin so libra is more privileged, even in my opinion Facebook will not position Libra into crypto because they function this coin more for business, or as a Facebook payment method.

[nicecrypto]

the buzz surrounding Libra coin is massive, i saw it on Yahoo news, in CNN it is really crazy, believe it or not this will change the crypto community in some ways, so many people are looking forward to the lunch of Libra coin and am sure lots of people wouldn't want to miss out on this one, but the way i see the whales will have much influence in this coin.

[Caladonian]

the buzz surrounding Libra coin is massive, i saw it on Yahoo news, in CNN it is really crazy, believe it or not this will change the crypto community in some ways, so many people are looking forward to the lunch of Libra coin and am sure lots of people wouldn't want to miss out on this one, but the way i see the whales will have much influence in this coin.

It would be very nice to see more whales to play from each other as we see the possibilities that the cope of venue this libra can bring to crypto industry is far wider than what crypto is working right now, imagine those numbers of people who participated with FB if most of them will support this and have a wider knowledge about crypto, it will open more doors for new investors especially those who can bring big amount of investors and start competing with
the fat whales inside this industry.

[hdclover]

It is centralized and same with other altcoins that's being run by a certain company. It would help bitcoin somehow by tagging itself as a 'crypto' because bitcoin is a crypto as well. There will be no ICO but it has a wide range of partnership, yes real partnership so it will have its own usecase. I think this is just another the same stablecoin.

Even if it's a centralised coin it is not a big deal. Why? Crypto market need some big names. It will increase the popularity and more and more people will be aware of the crypto currencies. It is a win - win environment for Cryptocurrency market and big companies.

[Thomas-s]

It is centralized and same with other altcoins that's being run by a certain company. It would help bitcoin somehow by tagging itself as a 'crypto' because bitcoin is a crypto as well. There will be no ICO but it has a wide range of partnership, yes real partnership so it will have its own usecase. I think this is just another the same stablecoin.

Even if it's a centralised coin it is not a big deal. Why? Crypto market need some big names. It will increase the popularity and more and more people will be aware of the crypto currencies. It is a win - win environment for Cryptocurrency market and big companies.

I also think that the arrival of such companies will help the to the whole market. People who use all the services of the Facebook company are a very large amount of people who will know about cryptocurrencies!

[Reid]

A guy who doesnt care about privacy plus a centralized coin.
Wow.
Are the aliens taking over by now?
I mean, where is that goal to be not traced in any way possible? Looks like that is not the trend anymore.

Now, you do little against the law and they will just go to facebook and they will find you.

That is how Mark thinks and do you really think he will not input this in his own coin?

[Iykecollinz]

I doubt if this libra token will be sold publicly before it enters exchange, not sure if any fund raising like ICO or IEO will be held at all, the whole project may be privately funded and a whole lot of these anticipations may not worth it for those that intend to jump in. It is long overdue, let them get it launched already

[Searing]

I doubt if this libra token will be sold publicly before it enters exchange, not sure if any fund raising like ICO or IEO will be held at all, the whole project may be privately funded and a whole lot of these anticipations may not worth it for those that intend to jump in. It is long overdue, let them get it launched already

That is my question. You can use this coin on facebook but can you actually keep this coin in any manner outside of transactions?

For example, you get some facebook coin to make a transaction of say $100 worth, with the pegging on other currencies....it WILL ALWAYS BE $100...so

by 'token' you could just as well say 'a way to move $$$ and nothing else'

So, if I have this correct, Facebook would make $$$ off of you hodl'ing tokens and/or modest fee for using tokens and/or maybe interest someday vs your

crappy currency vs the USA dollar as a hedge. (In Venezuela at least your $100 in facebook coin would stay $100 after conversion of your local currency)

Thus, the last question, does this 'hurt' or help Bitcoin and other Crypto?

If Bitcoin continues to be used as a store of value, maybe. But if Libra takes over on the actual movement of $$$ back and forth at faster transaction times

and larger number and fewer fees...why would this be so?

Don't know, just tossing it out here for others smarter than me to say how this may help or hurt Bitcoin.

brad

[Jating]

However, it seems that the US government wanted to stop it at all cost,

https://www.cnbc.com/2019/06/18/rep-maxine-waters-facebook-should-stop-work-on-libra-cryptocurrency.html

Does the US government feel threaten with this "crypto" and afraid that it might disrupt their financial system? There seems to be a lot of hype surrounding this Facebook coin that it has to reach the US congress and that they're going to halt it or at least let Mark Z appear and answer to them.

[Searing]

However, it seems that the US government wanted to stop it at all cost,

https://www.cnbc.com/2019/06/18/rep-maxine-waters-facebook-should-stop-work-on-libra-cryptocurrency.html

Does the US government feel threaten with this "crypto" and afraid that it might disrupt their financial system? There seems to be a lot of hype surrounding this Facebook coin that it has to reach the US congress and that they're going to halt it or at least let Mark Z appear and answer to them.

I think it has more to do with the fact that Facebook was playing it both ways in saying they could not control hate speech the election tampering and the rest

but making $$$ on the FUD and such on its platform. Add to that the loose privacy issues and the rest and on top of that, just how damn big they are, well hell,

if I was a legislator, I'd probably want hearings also.

Also, the fact that when they announced this Libra coin, they plan on using it as they do Facebook pages, for advertisement and track your spending habits and

all that as part of the currency. That likely is what really set off the House wanting hearings. Give facebook even MORE data and now the same thing moves into

banking and currency and the like? Hell, banks can't give out your data in that manner.

But from Facebook's point of view, the money is in the data mining. So unsure, how profitable Libra coin can be, in its current state, if they have to act like a bank

and all info and such is private for data mining and Ads and the rest.

Yeah, things may not be going there way as they planned.