So it is happening..facebook coin Libra

[shan7788]

now we use facebook as a media for the promoting crypto related projects.but every one knows about the facebook coin 'Libra' .as a expert of this field what you about the involving of the facebook to virtual currencies??
will  it be  help for the  bitcoin to going up??
https://libra.org/en-US/

[tabas]

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.

[eaLiTy]

now we use facebook as a media for the promoting crypto related projects.but every one knows about the facebook coin 'Libra' .as a expert of this field what you about the involving of the facebook to virtual currencies??
will  it be  help for the  bitcoin to going up??

I was seeing the name Libra in bitcoin discussion thread and i was wondering what in the hell was that, just now came to know that it is the name of a centralized coin from a company who does not bother about the privacy of their users  . I am not particularly interested to invest in it, but Mark Zuckerberg has some political contacts around the world especially in third world countries and these countries are finding it difficult to understand the market and if he starts that, he might be able to convince the leaders of those countries about the virtual market and we could expect a positive in that aspect, only time will tell what is his vision about Libra.

[Jamjamz30]

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.

Based on initial articles about facebook coins, facebook will create a stablecoin. But, it's not yet confirmed where it'll be backed from. Stablecoins as they say, is better than altcoins. Let's wait few more days for the official details of Libra.

[ityandsyn]

now we use facebook as a media for the promoting crypto related projects.but every one knows about the facebook coin 'Libra' .as a expert of this field what you about the involving of the facebook to virtual currencies??
will  it be  help for the  bitcoin to going up??
https://libra.org/en-US/

      Now they have Libra coin which is a crypto currency also and they are promoting it very well that can attack people to use it  globally so maybe since it is also a crypto , this may help to assimilate other people about bitcoin and altcoins .

[Raymondavid47]

Yeah it's happening and it's happening really big. This Facebook coin is really bringing cryptocurrency to the mainstream. Even Facebook workers have the option of choosing to receive their salaries in crypto. To me I think this Facebook coin will eye opener for a lot Facebook users.

[DainSLane]

That is true facebook coin libra is now happening i read some news that facebook coin libra is now already releasing their website and whitepaper, facebook coin can influence also other big companies to launch their own coins here in cryptocurrency.

[nekonyun]

yes right this will make the market volume rise because many new people who know cryptocurrency because facebook and coin libra can also be used in whatsapp and this machine makes many people use libra coins

[tabas]

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.

Based on initial articles about facebook coins, facebook will create a stablecoin. But, it's not yet confirmed where it'll be backed from. Stablecoins as they say, is better than altcoins. Let's wait few more days for the official details of Libra.

AFAIK the launching will occur next year so most of the news that we are about to see these days are just about on the speculation of well known people and what they think about Libra. I don't usually use stable coins so it's really not a big thing for me but what makes me looking at this case is that it's facebook.

[poordeveloper]

will  it be  help for the  bitcoin to going up??

We will of course get free advertising for other blockchains. However I'm unsure if it will actually reflect positively on prices.

[sandra_x]

This is like a two edged sword, it can cut both ways, first it will likely increase cryptoadoption generally, on the other hand, it can be a starting point for competition with bitcoin, facebook already has 8 billion users,so it will not be too difficult to have a widespread use and acceptance, albeit it is a centralized coin

[Ridwan Fauzi]

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.

[tippytoes]

This is like a two edged sword, it can cut both ways, first it will likely increase cryptoadoption generally, on the other hand, it can be a starting point for competition with bitcoin, facebook already has 8 billion users,so it will not be too difficult to have a widespread use and acceptance, albeit it is a centralized coin

I don't think it will be a competitor of bitcoin. But it might really aid in crypto adoption. If fb team will design their coin to be user-friendly, fb users might adopt this coin very easily. And this will help in understanding cryptocurrencies by ordinary people who are still hesitant to deal with crypto.

[Searing]

https://www.pcmag.com/news/369019/facebooks-cryptocurrency-everything-we-know-so-far

Trying to find out if this facebook 'wallet' will take "other" cryptocurrencies. I think this is unlikely, but looking.

Looking further it seems 'very' unlikely. Though they do say others can make wallets. Perhaps the makers of those wallets will add other cryptocurrencies as well.

another link

https://www.nytimes.com/2019/06/18/technology/how-libra-would-work-for-you.html

So Libra facebook coin is a 'stable' coin based on different currencies. I think I read it will also be used for microloans and finance.

So when compared to bitcoin, if it is pegged to the various currencies, I see 'no way' that it can be used as a store of value like Bitcoin.

Thus, as some have been saying, this could 'help' bitcoin with its bid to be a store of value and 'virtual gold'

Then again, with the power of this facebook coin, perhaps it could go the other way. With governments ONLY allowing stable coins, 'controlled' and 'managed' like Bitcoin.

Anyway, my take on above links and some more info is needed on all this stuff. I still don't think we have 'seen' the main 'catch' yet for this Libra coin making Zuckerberg another

billion dollars or so.

[Wingzcrypto2018]

now we use facebook as a media for the promoting crypto related projects.but every one knows about the facebook coin 'Libra' .as a expert of this field what you about the involving of the facebook to virtual currencies??
will  it be  help for the  bitcoin to going up??
https://libra.org/en-US/

I can't deny that Facebook as a media has a huge community all over the world, and many of them are expecting too much and many are also awaiting for their updates, imagined how many subscriber they have in the entire world. So this will explode or boom for sure even it is a centralized based form. But it has a big impact in crypto world and bitcoin.

[jazmuzika217]

This is one of a waiting announcement from the start when Facebook CEO announce creating their own cryptocurrency based on what I read recently this is a stable coin based the question that run to my mind right now if its will be boom in the market we all know that Facebook is the popular social media.

[CutePanda]

That is true facebook coin libra is now happening i read some news that facebook coin libra is now already releasing their website and whitepaper, facebook coin can influence also other big companies to launch their own coins here in cryptocurrency.

I think since facebook so popular around the world it will be a good way to gain more popularity for cryptocurrency. I am sure a lot of people who knows nothing about cryptocurrency will be curious about it. And somehow it will become a good influencer to crypto.

[poordeveloper]

So when compared to bitcoin, if it is pegged to the various currencies, I see 'no way' that it can be used as a store of value like Bitcoin.

If it's going to be a stablecoin, I'd worry more about the future stablecoin projects (not so much about currently successful ones though - they already have a userbase)

That's unless they're going to do strict KYC, in which case it's probably going to have much less impact on other stablecoins. Don't see the whole stablecoin userbase following a Facebook KYC anytime soon.

[Searing]

So when compared to bitcoin, if it is pegged to the various currencies, I see 'no way' that it can be used as a store of value like Bitcoin.

If it's going to be a stablecoin, I'd worry more about the future stablecoin projects (not so much about currently successful ones though - they already have a userbase)

That's unless they're going to do strict KYC, in which case it's probably going to have much less impact on other stablecoins. Don't see the whole stablecoin userbase following a Facebook KYC anytime soon.

How do you see this as affecting the future/price of Bitcoin and other cryptocurrencies? Being FaceBook and all, you just know they are going to have a lot more regulatory oversight

and KYC etc on the Libra Facebook coin

Right now I'm NOT too worried. But there is, IMHO, a possibility these 'stablecoins' put out by Facebook and others could regulate 'open source' Bitcoin and say only 'regulated' crypto

can be exchanged etc, etc. This does not seem likely IMHO, but nothing would please the powers that be in finance in government would be stablecoins replacing that pesky open source

cryptocurrency like Bitcoin/Litecoin etc.

Hopefully, because Facebook has said it will allow others to make wallets for Libra...this means 3rd party will make such...but due to the 'fast transaction' and supposed small fees etc of

Libra coin by Facebook. Some kind of scaling of crypto, be it BTC or whatever, better pick it up. Because IF not than the ONLY option likely would be BTC would still be a store of value as

the only position of worth that Bitcoin would have. Being replaced by fast transaction centralized controlled coins like Facebook Libra.

Brad

[thenextking]

now we use facebook as a media for the promoting crypto related projects.but every one knows about the facebook coin 'Libra' .as a expert of this field what you about the involving of the facebook to virtual currencies??
will  it be  help for the  bitcoin to going up??
https://libra.org/en-US/

https://libra.org/en-US, sound interesting, I liked it.