Libra the new crypto king

[IIV]

Edit: Edited to reflect current situation.

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[mahibul49]

not at all .libra will play a good role in crypto industry but you cant say a new crypto king.ETH,TRX,RIPPLE,STELLAR and many more big king available in crypto but facebook is entering crypto means huge revolution for crypto.

[ChaoChibai]

Absolutely libra will make huge difference in cryptocurrency world, especially it will make crypto more famous to the people who lack of knowledge about it. But in my opinion, bitcoin is still the one and only king, and libra coin will not so easily to dethrone bitcoin though.

[tabas]

Stop this BS and naming Libra as the new crypto king. How can it be that a centralized coin would be the king of decentralization? Stop making assumptions about a newly launched project. Right now it's on hype because it was just recently announced but sooner and later this coin will be just normal altcoin classified as stable coin.

[ityandsyn]

not at all .libra will play a good role in crypto industry but you cant say a new crypto king.ETH,TRX,RIPPLE,STELLAR and many more big king available in crypto but facebook is entering crypto means huge revolution for crypto.

      That's really true especially bitcoin make its own run this month and it seems growing up high to moon or even repeat the history back In year 2017 so I don't think it gonna replace bitcoin's throne but maybe for some of altcoins will be overpass by Libra .

[BitcoinFX]

 

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

[aioc]

The coin is not yet launched but getting a lot of hype, even taking the crown to Bitcoin when in fact it has not proven anything yet in the market. everything is still in paper and on the planning stage and the majority of investors have not yet decided if they are going to support this Libra coin.

[actmyname]

The fuck is this shit?

[Tipstar]

How many of these kings appeared among cryptocurrencies? Thousands! And everything turned out to be shitcoin

This is going to be different. Though I wouldn't give it a title of king, it would certainly disrupt the financial system and change the way we pay for things.
This would be more close to mobile wallets than cryptocurrency. Mobile wallets were limited withing a country or few while it's going to be a global payment system.

[electronicash]

its of course big, its facebook that's developing it. they don't even need funds for that. i've read comments that its like Eth and TROn killer so its a platform, do you think those partners listed are also going to develop their own token under LIBRA or they will just be using the Libra coin?

it will be good for the crypto economy to see spotify coin, visa coin, ebay coin and so on.

[creeps]

The fuck is this shit?

Another altcoin that is being hyped too much and later on will try to exit as a failed project. 

Anyway, crypto king belongs only to bitcoin so stop the hype with Libra because Zuckerberg will not become the Cryptoking as well, since he's reputation is not that good anymore. I support the mass adoption especially with Facebook but not to the extent of taking the place of bitcoin, that's not gonna happen and investors will not let any centralized coin to beat bitcoin, never.

[tonyvo2017]

We can see that a lot of big partners come to them and each of them will invest 10 million dollars and be part of the Libra coin shareholders. But one problem is that Libra does not use the blockchain and it is not considered electronic money. it is merely a business and it seems to be making a significant difference. This is interesting and I really want to see its tremendous influence.

[Litzki1990]

We cannot say at this time because libra has not yet launching their product we cannot see if the community and investors are being appreciate of this and we cannot say libra the new crypto king for me still the bitcoin the king of cryptocurrency.

[electronicash]

We cannot say at this time because libra has not yet launching their product we cannot see if the community and investors are being appreciate of this and we cannot say libra the new crypto king for me still the bitcoin the king of cryptocurrency.

its yet too early to be in dellima but most probably all will be weighing whether to fill their bags and send KYC documents to facebook. no one in the right mind will send their information while they own millions of USD. facebook's reputation of privacy policy isn't what it is. they can change them whenever they want.

[Zidan Bst]

it will definitely will make huge impact in the crypto sphere.
But, for king of cryptocurrency is still Bitcoin,imo.

[Tylev]

This is said about almost every project that spins up. The hype goes away and it turns out that this is the most common mediocre project and its token or coin is not much different from the rest. We have not yet seen Libra in practice; we do not yet know the functionality of this coin. Therefore, it is too early to talk about it. So far, even it is not clear its practical purpose, whether this coin will be really useful. Let her show herself first, we will evaluate her, and then we will see whether it is worth rushing such loud statements.

[tuanytcc]

The birth of the Libra coin may bring many positive things to market but in the long time, I don't think it can be new crypto king because it is just only used in Facebook ecosystem and it is considered as stable coin more than a coin which has the far-reaching influence

[killat]

The organization name is called Libra. And the coin is called Stable coin.

Inside this organization, we got facebook, paypal, visa, and many other multi-billion company, that can't wait to eat our fees, more globally, if all internet users use their coin.

[MonsterV]

The fuck is this shit?

Another altcoin that is being hyped too much and later on will try to exit as a failed project. 

Anyway, crypto king belongs only to bitcoin so stop the hype with Libra because Zuckerberg will not become the Cryptoking as well, since he's reputation is not that good anymore. I support the mass adoption especially with Facebook but not to the extent of taking the place of bitcoin, that's not gonna happen and investors will not let any centralized coin to beat bitcoin, never.

Yes right, just because Libra has high support from several large companies does not mean that it will take over the position of bitcoin. Bitcoin exists long before Libra exists, bitcoin is a crypto polo, and libra is only a child of bitcoin coins even libra and bitcoin have different systems where bitcoin is a full crypto coin because it is decentralized and libra is a centralized coin which means not full crypto coins.
Crypto has a history of being a decentralized digital currency and libra does not fall into this category, so bitcoin and libra cannot be equated.

[Erickan]

Libra's appearance is both a catalyst that helps the widely known crypto market and a major threat to Ripple and Stellar. I think Libra will be a big project because facebook's ecosystem is quite strong, but it's too early to say it can become the king of crypto. But Libra will undoubtedly be a factor affecting the growth of the whole market, it recognizes the participation of a large company participating in the crypto market.

[DainSLane]

It is hard to predict that can libra will be new crypto king i think it takes many years before libra would be the new crypto king and libra possibly can encounter many struggle here in cryptocurrency, i hope libra have good development or concept to acquire more investors.

[Crypto5060]

Let's not forget this token is going to be centralised, aside fostering mass adoption, of what other use is this token?. Its a utility token, fb can use any other cryptocurrency in her platform without developing her own token.

[Peterdav]

We cant predict now, but we can say LIBRA can have a good effect on cryptocurrency. The King is always belongs to Bitcoin.

[nicecrypto]

The fuck is this shit?

Another altcoin that is being hyped too much and later on will try to exit as a failed project.  

Anyway, crypto king belongs only to bitcoin so stop the hype with Libra because Zuckerberg will not become the Cryptoking as well, since he's reputation is not that good anymore. I support the mass adoption especially with Facebook but not to the extent of taking the place of bitcoin, that's not gonna happen and investors will not let any centralized coin to beat bitcoin, never.

i doubt that will happen, this project will be backed by very good companies which will make it more solid than the usual alts we have the market, it is okey if you don't like Zuckerberg or not a fan of Facebook (even though i doubt that) but you can't be so sure of what you are saying, you might be surprise how Libra will performance once lunched, alts that are far less with influence are doing well in the market not to mention a project with such influential people surrounding instead of hating try to think of ways to benefit from it

[tisoysoy]

Wow! Its look interesting project and really on hype which is surround big company such as facebook, visa, spotify and more.Let's see if it will click on crypto market once it will launch. I think it just a new form of alts that might comparable into some top alts like eth and bitcoincash. I dont believe it will replace bitcoin as a new king of crypto.

[btc_angela]

Lol, it's just all hype in my opinion, but first Mark Z will have to go the US congress again and explain everything about his coin, https://cointelegraph.com/news/chair-of-house-financial-services-committee-requests-halt-on-facebooks-crypto-project. So it hasn't started and yet the US government is hot on its tail.

[Folajuwon56]

I guess it's too early for this hype!. LIBRA can't just come in and make itself the king like that. We have a good number of Coins we can refer to as Kings before the LIBRA Came in, so it won't be that easy. Though it might make a good name itself in a long run.

[bigcash2011]

I strongly disagree with the title of this thread i mean you can call libra, the fb coin, as the upcoming king of stable of fiat backed coins but it cannot be crypto king, crypto king is the one and only bitcoin.

[trauchot]

So far we have really seen little, of course, the whitepaper of Libra is impressive, but we all know that Bitcoin is number one in the cryptocurrency world, we need to wait for a while to look at the possibilities and technologies of Libra.

[JeBro]

In my opinion, Libra will have a significant impact on the development of the crypto community, as with its help more than 1,7 billion Facebook users from all over the world will become familiar with the functioning mechanism of cryptocurrencies, stop being afraid of them, and may begin to invest in traditional cryptocurrencies such as Bitcoin, Ethereum, Ripple and other altcoins.

[Iykecollinz]

Most likely is going to impact on the crypto market and make a whole lot of difference in the crypto space but it doesn't mean it won't be hit by the wave of the crypto market, there are a lot of good projects already, I am not overtly anticipating huge from this project but I expect it to hit the first 50 on coinmarketcap and subsequent developments will determine if it will go higher or drop further

[TopTort777]

This will all end like this:



Libra will be used as an instrument to shut freedom of speech. First it will clean Facebook community of disagreed people, then it will move to paypal and trading platforms

[tsaroz]

If Facebook really wants to contribute to the world creating a global crypto currency, they should move away from US and get based in some neutral European country.
But again US may ban Facebook and Facebook can't afford to lose the highest revenue source. So, I don't think this libra project would get any motion unless US security agencies would be given a passage to spy on every of the coin users.

[Vishnu.Reang]

Yeah sure.... the so called FB Coin (Now renamed as Libracoin) enjoys the support of dozens of industry giants. But even then, Bitcoin is going to beat this shitcoin in terms of acceptability and usage. Mark my words, and you read it first here. Libracoin is going to be the first major failure for Mark Zuckerberg and his banker friends. He is about to understand how much ordinary people matter.

[Jamjamz30]

Too early to tell that Libra as the new king of cryptocurrency. The popularity of Libra even before its hasn't been launched is due to the hype made bt facebook itself.

[eternalgloom]

It will definitely be interesting to see what will happen, don't forget that they're only going to be launching this new coin in 2020.
Now, if you look at EOS, I wouldn't be surprised if Libra becomes immensely popular among institutional investors.

Those types of investors don't seem to care too much about decentralization to begin with.

[coinswebid]

We cant predict now, but we can say LIBRA can have a good effect on cryptocurrency. The King is always belongs to Bitcoin.

yeah, you are right
bitcoin is the real king in cryptocurrency, and no alt can or will replace it, even this Libra thats supported by a lot of huge company
for sure thats will not affected bitcoin as the king of crypto

[cryptoblazter]

The popularity of facebook on social media definitely putting some energy on its Libra coin. Also, the timing of creating Libra is great while the market is on the bullish period. It has been introduced well in the cryptocurrency. Despite of the good news about Libra, it has to prove its worth first before it can be the king.

[francesco.v]

This is a forum for the latest news about Libra, the Facebook cryptocurrency (stablecoin). There are already many news and tech analysis about this blockchain, that could be used worldwide by 2.4 billion users. The first validators will pay $10 million to join the network!

https://getlibra.net/

[Odonko]

Funny enough we have seen several KINGS announced in the cryptosphere and yet all of them died in a very short time. BTC is the king of all cryptocurrencies and nothing can beat this.

[leetcoiner]

I think it's all a lie.  Because it’s better than a bitcoin king.  And no new coins can compete with him.  I believe in cryptocurrency namely in Bitcoin.

[jackflag]

Yes, somehow strange, this is all the king was and will be only Bitcoin and which pulls all the other coins along.  but the fact that they are now coming up and transfusing it is not what I would like. A few good coins are needed and not much trash.

[Convery]

Libra is not a king and even that it is not a cryptocurrency  .
Libra is a big joke from big whales and they think that people will use it because they use Facebook. But we saw many times in the history that companies that are trying to develop something diffrent than they are focused will fail. Like Google plus. 

[TrevorS]

Libra is not a king and even that it is not a cryptocurrency  .
Libra is a big joke from big whales and they think that people will use it because they use Facebook. But we saw many times in the history that companies that are trying to develop something diffrent than they are focused will fail. Like Google plus. 

I completely agree. Without the support of the crypto community, the Libra Coin will not be able to reach the planned levels, and housewives and simple hard workers will use the libra only as a means of payment.

[Cryptrx]

Libra is nowhere a crypto king, that title is solemnly reserved for bitcoin. The advantage libra has over other cryptocurrencies is the Facebook platform which will be used to promote it extensively and huge investors that will back it.

[InwardContour]

This sounds so funny, how will you say a centralized upcoming cryptocurrency is the new king? Have you lost it? Do you understand what crypto is all about? Do you think there can ever be a replacement for the pace setter which is Bitcoin? Let me quickly draw your attention that, no bitcoin, no crypto, no blockchain technology. So let's stop such farfetched comparisons.

[Duzter]

Following libra we can expect lot many large scale firms like Facebook to come up with their own cryptocurrency with different accessibility. Maybe to that entire list of coins that'll strike the market in the future libra might get to be the king as it will be the most used one with the increasd users because of its backing by Facebook authority which has a strong userbase.

[entebah]

I think Libar will be a Coin like USDT that has a large volume in market, because Libra is a stable coin like the USDT, so it's likely that Libra is only under BTC when at CMC.

[Crypto5060]

I guess it's too early for this hype!. LIBRA can't just come in and make itself the king like that. We have a good number of Coins we can refer to as Kings before the LIBRA Came in, so it won't be that easy. Though it might make a good name itself in a long run.

Yea for real it needs to proof itself. I keep asking aside serving the function of mass adoption what else can this token do? Its a utility token which could've used other tokens in her platform without developing its own.

[killat]

Libra is stablecoin. The price is not gonna up.

It just opened the door, for billion of un-bank or un-creditcard people to spend their money online or transfer fund globally.

Those libra company's gonna get billion/trillion of profit through fees?
If entire .net world use their service/coin instead of bank / western union?

I think this is a good news for crypto space.
But very bad news for banking and other 3'rd party such as Western Union etc

[Jpti]

I think this coin, Libra will have a huge impact on cryptocurrency market. But it will not pose I think any threat to the coins like Ethereum, bitcoin and others. As far as I know, Libra will be a stable digital coin and it is used as a utility coin. So it seems unlike other coins. Obviously, it is getting a huge hype and it will have a huge impact.

[styca]

I don't think it's the new crypto king. It's merely a big company producing a coin. It doesn't mean the coin itself is anything special. And it's a stable coin anyway, so the price isn't going to soar. It may be good for mass adoption of crypto, but I think that's the only upside really.

[Menawi12]

I don't think it's the new crypto king. It's merely a big company producing a coin. It doesn't mean the coin itself is anything special. And it's a stable coin anyway, so the price isn't going to soar. It may be good for mass adoption of crypto, but I think that's the only upside really.

Agree, I think people overestimate expectations about Libracoin. Maybe because it's published by Facebook that's what makes people think Libra Coin can definitely compete with bitcoin but I'm sure it's hard to compete with bitcoin for the next few moments

[kikoy999]

I think it's also a great possibility to become a new king in cprtocurrency the pound because it is the leader today and more people are investing in it because they know that they can get more money when they invest there.

[herfie.chen]

It's too early to call it new crypto king,  we can see after Libra coin launch and what kind of effect given on cryptocurrency.

[Thanasis]

What makes it to be a kind? Just because of the name facebook?

Its centralized so crypto people won't support it as much as a decentralized crypto currency.

[rafi035]

I think Libra will not be the king of altcoin but it will still bring positivity to the crypto world and people will know that Facebook brings crypto money inside it.

[Atang Sulaeman]

it seems that Libra as the new crypto king is still not right, because the king will still not be replaced by bitcoin,
because libra has not been reduced yet and its use has not been realized. we just wait, and see what will happen later.
what is clear is that bitcoin remains the king.

[Taufik blackspade team]

I think Libra will not be the king of altcoin but it will still bring positivity to the crypto world and people will know that Facebook brings crypto money inside it.

all depends on how functional the coin will be. if they have good functions like BNB at binance I think Libra coins can also give a surprise when they are ready to be traded.

[rafajunior99]

I don't think that Libra coins will become the king of the cryptocurrency world, because I believe that no one can replace Bitcoin as the world's first cryptocurrency king, and Bitcoin will always be ranked number 1 in the coinmarketcap compared to later Libra.

[cak imin]

I don't think that Libra coins will become the king of the cryptocurrency world, because I believe that no one can replace Bitcoin as the world's first cryptocurrency king, and Bitcoin will always be ranked number 1 in the coinmarketcap compared to later Libra.

of course it's impossible. but there is a possibility that if the market demand is good for this coin, Libra can immediately surprise the market by going directly to the top market.

[enhu]

Its a stablecoin, its always going to be hyped when facebook does something but stablecoin had been created by several companies already including the gemini brothers.

I think Libra will not be the king of altcoin but it will still bring positivity to the crypto world and people will know that Facebook brings crypto money inside it.

all depends on how functional the coin will be. if they have good functions like BNB at binance I think Libra coins can also give a surprise when they are ready to be traded.

It does have a use case that's for sure but what I'm interested is how to have some of the coins. I'm up to grab some if they are going it give the coins for free.

[Apes]

even though Libra has a wider ecosystem than BTC or Altcoin. but it will not guarantee that Libra will be king of cryptocurrency. because Libra-supported services still accept FIAT payments, also Libra payment services are only available in countries that cryptocurrencies friendly.
Libra only has the ability to dominate the online market not the cryptocurrency market.

[Indrawan77]

I think its too exaggerate  to claim Libra as crypto king, the coin just start to be announced, it hasn't got a real implementation yet, the promise and the plan seems really good but we still don't know how the users and investors react to the coin, but this coin got a good popularity

[Olatunjex]

A centralized stable coin can't be the new crypto king, for a very long time bitcoin will remain the king of crypto, i don't think a centralized stable coin can take bitcoin's place.

[tenakha]

As long as there are lots of supporters like us, yes it will be the leader. But, while there are plenty of coins on the market to replace it, why libra? Because of Zuckerberg? Capitalism is capitalism everywhere, even if it is a decentralized system.

[klaaas]

I think Libra will not be the king of altcoin but it will still bring positivity to the crypto world and people will know that Facebook brings crypto money inside it.

all depends on how functional the coin will be. if they have good functions like BNB at binance I think Libra coins can also give a surprise when they are ready to be traded.

It tries to attract the crypto newbies and lure them into there data source beast with the easy usable facebook credits. I guess your right do and it could surprise use how many will fall for this.

[H1N1]

Why did you shilling about Libra ? Just because the connection to facebook, won't make this coin a king of coins.
Do you think the Libra market cap will surpassing bitcoin market cap ?
There are already many coins created in cryptocurrency, but no one can beat bitcoin.

[repear7]

Libra is not yet the king of the crypto currency but now libra is a tough competitor to the king of crypto currencies. Indeed the convenience offered by libra has the potential to make libra the king of crypto currency. I'm sure Libra will shift the position of bitcoin as the king of crypto currencies. Libra offers various easy-to-use blockchain applications and is supported by the Facebook platform. I'm sure Libra will get public trust quickly.

[Crypto5060]

This sounds so funny, how will you say a centralized upcoming cryptocurrency is the new king? Have you lost it? Do you understand what crypto is all about? Do you think there can ever be a replacement for the pace setter which is Bitcoin? Let me quickly draw your attention that, no bitcoin, no crypto, no blockchain technology. So let's stop such farfetched comparisons.

That's the part where we all forget. Blockchain is all about decentralisation, fb coin is centralised and a stable coin backed up by nothing yet. I await further announcements from them.

[Ranly123]

Not a new crypto king not unless it can gain public trust. Knowing how vast cryptocurrency is, so we can really tell if Libra will someday make the new era for cryptocurrency.

[bering]

Apparently people have no patience to wait until this project officially release and i saw too there was some of articles says Libra are going to be successfully but how could that happend if this project still not release yet especially when people says Libra is new king and maybe they thought can be beat bitcoin but i personally will consider Libra cannot be defeat bitcoin

[qomariah95]

Apparently people have no patience to wait until this project officially release and i saw too there was some of articles says Libra are going to be successfully but how could that happend if this project still not release yet especially when people says Libra is new king and maybe they thought can be beat bitcoin but i personally will consider Libra cannot be defeat bitcoin

I really agree with you. I can't think of how the project has not been fully released, it can be said of the new crypto king. Wow, it's very unusual thinking to say that. I don't even think Libra can replace the position of Bitcoin right now. Let's prove it now!

[krisnajsadrak]

Why did you shilling about Libra ? Just because the connection to facebook, won't make this coin a king of coins.
Do you think the Libra market cap will surpassing bitcoin market cap ?
There are already many coins created in cryptocurrency, but no one can beat bitcoin.

yep, i agree with you, all people knew if facebook is a huge company
but doesn't mean libra will replacing bitcoin as the king of crypto
simple reason, because without bitcoin, libra will never born right ?

[robelneo]

I have seen so many coins being hype as the new Bitcoin or king of crypto, but all of this is just threat, it's far from the truth, Libra coin is the new coin that will challenge Bitcoin, but people are already made up their mind that this is one coin to replace Bitcoin, when in fact it has not proven anything yet, only the white paper, and they have one big obstacle yet and that is the US authorities.

[StatesManG]

You guys just keep hyping this Libra coin without understanding the concept. What ever made many of you keep thinking that this project will supersede bitcoin must me deceiving you guys. One of the good thing about this project is that it will create more popularity to blockchain

[cryptonx]

I have seen so many coins being hype as the new Bitcoin or king of crypto, but all of this is just threat, it's far from the truth, Libra coin is the new coin that will challenge Bitcoin, but people are already made up their mind that this is one coin to replace Bitcoin, when in fact it has not proven anything yet, only the white paper, and they have one big obstacle yet and that is the US authorities.

not all people will think if this libra can beat bitcoin,
because personally i don't believe that,
i think, the truth this libra will become a competitors for ripple, not for bitcoin or ethereum

[sri.bima]

I am indeed waiting for this project (Libra) to be officially launched and bought it on the exchange, but I don't want to overdo it to be the (king of crypto). And I know that many big companies have supported, but I think it's difficult to replace the popularity of bitcoin as the king of crypto. Be patient for all of us who are waiting for this. Thank you for all.

[KlepZ]

It’s not even released for regular use yet, so definitely not a king yet. Also, many (probably most) of the people who are in crypto, are there for the profit. Libra won’t be one allowing to gather a lot of it since it will be tied to other currencies and it’s price should be pretty stable.

[4rzun4]

It would be more appropriate if Libra became the king of stable coins when it was launched. This new project has indeed been a major concern of many people lately and will enliven the cryptocurrency community. All need a process to be the best.

[Baihaki Khaizan]

I am sure and believe everyone is very enthusiastic about Libra, many people have high hopes because this is a fantastic project owned by Facebook and of course will become a new king in the world of crypto currency.

[veleten]

Libra has yet to be announced but already declared the cryptoking
it is waporware at the moment , but maybe , just maybe
one of the reasons of the glorious bull run we are experiencing now
if it comes to life and facilitates the transition from the conventional fiat banking to crypto based payments
I would say , Libra , you are welcome
on the other hand , this is going to be one centralized pseudo cryptocurrency to challenge and substitute bitcoin globally

[semobo]

I also heard about this correct see but I don't have the complete confidence with that but it it will definitely play an important role in the future that is the only thing that I expected for investing otherwise there is no use with that if it was suddenly vanished from the Crypto field

[cytpoway121]

Not totally sure about libra capabilities; we need to wait for it to work and perform its functions
Likewise; you cannot push away the importance of bitcoin and etherum and others

Just dyor and avoid unnecessary fomo

[vladimirhf]

what "crypto king" means?  probably libra will have the biggest market cap and will become the main gateway to bring new users to other crypto, yes. but it doesn't make it better than bitcoin. it's just a payment system owned by big corporations, private but not decentralized.

[Xclusive5]

There has been a lot of hype over the Libra coin for some days now. Although I don't have any sentiment about the coin but I don't really see the need for this too much hype associated with the coin.

[FanEagle]

It is not even out yet and people are already shilling for it. I don't understand how a new stablecoin backed by the biggest privacy breacher in the world will be capable of becoming the king. There is literally no one that believes this aside from people who have missed their chances with bitcoin and want to get rich with Libra but now that its a stablecoin and it will not make you crazy rich because it is literally one to one ratio and will not make you any profit at all.

However, it could be the "king of stablecoins" which is still a big deal for it since its not even out yet and we are discussing it but that is not because Libra is awesome but more because our current stablecoins sucks and have no good backing by big companies so Libra with facebook could take that spot.

[Thomas-s]

There has been a lot of hype over the Libra coin for some days now. Although I don't have any sentiment about the coin but I don't really see the need for this too much hype associated with the coin.

HYIP occurs because too many large campaigns start to enter the cryptocurrency market and people want to earn big money

[veleten]

There has been a lot of hype over the Libra coin for some days now. Although I don't have any sentiment about the coin but I don't really see the need for this too much hype associated with the coin.

HYIP occurs because too many large campaigns start to enter the cryptocurrency market and people want to earn big money

its not HYIP but hype these are too different things
and seems like Libra did create some shockwaves in the market
I can't explain the sudden 20% price raise in a matter of a week , there were no other major news
but they are going to get major flak from the financial institutions and I wonder if the project takes off at all
because it directly threatens dollar and the current bubble debt ridden system , less than bitcoin would since its just the same dollar but in an electronic form , but still

[kalstarzz]

yes, with notes Libra is able to provide a service and comfort that is far better than bitcoin, and more importantly security can really be guaranteed. maybe it was only libra to be the new king of crypto.

[klaaas]

maybe it was only libra to be the new king of crypto.

That is crazy. it isnt anything more then a tool to keep you spending money and get tied to facebook even more. Dont think things are secure just because facebook is running it.

[Nalbo]

what "crypto king" means?  probably libra will have the biggest market cap and will become the main gateway to bring new users to other crypto, yes. but it doesn't make it better than bitcoin. it's just a payment system owned by big corporations, private but not decentralized.

It's really about what you call a king. And if there's too much of them claiming the title for king, The importance of the word king would tarnish.
When it comes to cryptocurrency, I believe four things are to be considered to define a king. Price, number of transactions per day, numbers of people using (community), total marketcap.

[Searing]

maybe it was only libra to be the new king of crypto.

That is crazy. it isnt anything more then a tool to keep you spending money and get tied to facebook even more. Dont think things are secure just because facebook is running it.

You are correct. AT worst, this Libra coin will just act like a 'glorified' BitPay or Facebook 'PayPal'...but then again, even if that is all that comes from it,

 just think of all the fees from 1.5 Billion Facebook users! If even 10% of the world users use this Libra coin, Facebook will kill this and make mucho bucks!

If you add the 'data mining' of purchases and tracking on to the 'regular' kind of stuff that Facebook is already doing, well you get even more data and thus, even more, $$$ the deeper

and bigger the data dive into your privacy.

Lastly, Facebook 'eventually' intends to act as a bank and allow 'micro-loans' to start for 3rd world nations and eventually to full loans and or interest paying like a bank.

All the above is a bit more than completely going to go Facebook's way, with all the issues it has with data and privacy and being too large with talk of breaking it up.

But from Mark Zuckerberg's viewpoint even a 'broken up' Facebook with MOST of the above is going to make him much, much, I mean, MUCH richer. Even if he simply

has Facebook broken up into other companies that specialize in most of the above. Getting around the anti-trust stuff. He will still be in control on all those entities anyway.

Indeed, even modest success in the above, he is gonna just kill it. Anyway, my view. Also from someone who a long time ago gave up on any privacy of any kind on Facebook

or anyplace else. That war was lost a long time ago.

later

Brad

[Carreuh]

I don't really believe in the coins that were recently released because we don't have too many enthusiasts, and we learn from experience that not all new coins succeed in this cryptocurrency, even a lot of new coins that only last for a while, don't run out  have a good price or volume change, so I don't believe it fully

[guoyu78]

You say Libra will be the king of coins below Top 10 altcoins, but not to say that Libra will be king of crypto’s which will be impossible, no matter the new invention they are coming with, we already have too many crypto users for now, that are satisfied with whatever project they are part of or whatever investment they are into.

The only thing I can see that will give Facebook edge over some coins like ripple and others below BTC and ETH is if people see great opportunity for them to make money through investment, which they will first get the initial hype, lots of investors who would eventually dump the coin, but the good thing about Facebook project is that, their working product will endeavor not to get them to become shitcoins no matter the dumping.

[Indai24]

It has not launched yet, so we can't just say that Libra will be the new crypto king. Although it really has a great potential and the most promising coin nowadays, but we'll see in the future if it reaches our expectations. I still believe in bitcoin though.

[cak imin]

It has not launched yet, so we can't just say that Libra will be the new crypto king. Although it really has a great potential and the most promising coin nowadays, but we'll see in the future if it reaches our expectations. I still believe in bitcoin though.

libra may have a very large community. or maybe when the release and start trading libra can immediately occupy the top 100 coins. that might have happened because seeing so many large companies also had the development of this coin behind. not only facebook.

[Question123]

I still believe to the bitcoin even they have new competitors will launch in 2020 name is libra my vote still in bitcoin.
But still not confirm what will happen in 2020 maybe they have bug chnages happen or still the same we need to wait to happen that but I hope all of the effects must be good in the crypto investors.  Many partners have libra and once it launch many company will want to partner too and that's so amazing and hope for the bitcoin also.

[leea-1334]

It has not launched yet, so we can't just say that Libra will be the new crypto king. Although it really has a great potential and the most promising coin nowadays, but we'll see in the future if it reaches our expectations. I still believe in bitcoin though.

libra may have a very large community. or maybe when the release and start trading libra can immediately occupy the top 100 coins. that might have happened because seeing so many large companies also had the development of this coin behind. not only facebook.

I guarantee 100% it will never be a crypto king. I really feel like it is so stupid that all the big guys are talking about Libra like it is great when it is not even out yet. Just hype like EOS. Potential is worthless in crypto world without true adoption and users. Just because you add a crypto to FB does not mean you transform users into adopters.

But let us see,,, maybe I am wrong after all. Who knows?

[andrearz]

It has not launched yet, so we can't just say that Libra will be the new crypto king. Although it really has a great potential and the most promising coin nowadays, but we'll see in the future if it reaches our expectations. I still believe in bitcoin though.

libra may have a very large community. or maybe when the release and start trading libra can immediately occupy the top 100 coins. that might have happened because seeing so many large companies also had the development of this coin behind. not only facebook.

Facebook users are very numerous and I'm sure it will be the main community that will make this coin become king plus the collaboration of various companies behind it I think it's easy for Libra to be one of the favorite coins.

[Shova]

With libra being accepted by a plethora of businesses and merchants. It would soon be a global cryptocurrency and if Facebook is able to convince governments around the world for not banning Libra, it would start a new age and generation of cryptocurrency which would be followed by many others.

[poodle63]

It has not launched yet, so we can't just say that Libra will be the new crypto king. Although it really has a great potential and the most promising coin nowadays, but we'll see in the future if it reaches our expectations. I still believe in bitcoin though.

libra may have a very large community. or maybe when the release and start trading libra can immediately occupy the top 100 coins. that might have happened because seeing so many large companies also had the development of this coin behind. not only facebook.

Facebook users are very numerous and I'm sure it will be the main community that will make this coin become king plus the collaboration of various companies behind it I think it's easy for Libra to be one of the favorite coins.

You must know that not all of Facebook users are into crypto, heck even I'm sure that big portion of them doesn't even into tech, therefore how much facebook users are doesn't really matter to their Libra coin. Libra is being hyped up because it's just developed by facebook and got huge chunk of money, there's nothing more to that that could make it the new crypto king while it is actually centralized coin.

[veleten]

the more I'm reading about it the more skeptical I become as to wherever the current system will allow something big like this to happen
if the project is complete and is not a total flop , the new coin could challenge fiat
yes it is centralized , yes it can be called crypto just because it is somehow connected with the distributed ledger or blockchain
but this could be the first attempt , the real one to overthrow the fiat supremacy as we know it
it could both open the floodgates for the real crypto to enter the day to day people's lives
or it could compete with bitcoin and make it less viable , lets wait and see
one thing for sure:P financial regulators and institutions won't go down without a fight and I expect sooo many different interesting laws directed at Libra very soon

[ganeshramk]

I dont this so. Libra has definitely created good hype in the crypto world due to the facebook popularity. Still BTC will rule the crypto world and will always be the king.

[Mikcik]

I think Libra is different from crypto, although it may be made up of blockchain. Because I find it not open and unacceptable for everyone

[CryptoAlphaStar]

Well, while looking at all the logos from the picture, it does sound like the new crypto King.
Actually, not only the new crypto king. But the new money king.
Banks and institutions should be scared. This thing will be huge.

[Tipstar]

Well, while looking at all the logos from the picture, it does sound like the new crypto King.
Actually, not only the new crypto king. But the new money king.
Banks and institutions should be scared. This thing will be huge.

Correct. Libra is not just another crypto. It's much more than anything the crypto world has ever seen. Cryptocurrency are fighting everyday for recognition while Libra will come forward with a wide acceptance and support. It would soon reign over crypto market.

[Crypto5060]

I have seen so many coins being hype as the new Bitcoin or king of crypto, but all of this is just threat, it's far from the truth, Libra coin is the new coin that will challenge Bitcoin, but people are already made up their mind that this is one coin to replace Bitcoin, when in fact it has not proven anything yet, only the white paper, and they have one big obstacle yet and that is the US authorities.

The only hype about this coin is the fact its bringing cryptocurrency to everyone. Facebook houses billions of people if they introduce their coin, everyone will hear about cryptocurrency new money will flow into the market.

[dearbesz1219]

It wasn't even started yet and you consider it as a cryptocurrency king  .  I look forward to seeing the first major bug of this coin appear, people will soon realize the real value of this coin. 

[BeManga]

It has not launched yet, so we can't just say that Libra will be the new crypto king. Although it really has a great potential and the most promising coin nowadays, but we'll see in the future if it reaches our expectations. I still believe in bitcoin though.

libra may have a very large community. or maybe when the release and start trading libra can immediately occupy the top 100 coins. that might have happened because seeing so many large companies also had the development of this coin behind. not only facebook.

Facebook can be very successful as an social media platform but this doesn't guarantee same success in the crypto markets. It is kinda tradeable crypto stable coin and it is created by Mark Zuckerberg who created Facebook. Nothing else, why people see this coin on the top..

i agree its not really guaranteed to be also successful in term of crypto we know the success of facebook but social media and crypto is really in different platform. its hard to get profit in stable coin so there no more reason to hold a lot in long term. im not using their service means the coin is not useful for me to hold.

[Loedong]

I am not at all sure about LIBRA coins, they have never even been seen in the public. they are still in the plan. there are even many coins in the market that have high hopes of continuing to grow, in contrast to LIBRA which is still new and not yet visible. and bitcoin is the real crypto king.

[Baimovic]

I am not at all sure about LIBRA coins, they have never even been seen in the public. they are still in the plan. there are even many coins in the market that have high hopes of continuing to grow, in contrast to LIBRA which is still new and not yet visible. and bitcoin is the real crypto king.

even coins that are already very popular and already have good quality like ETH and others are not enough for me to become the king of crypto because Bitcoin is still too strong for altcoin to pursue.
so it's too early if when you call a coin Libra is the new cypto king.
especially when this coin is not known by many people.

[714]

Libra will create a new fever in the electronic market, but it will be very difficult to occupy Bitcoin's throne. Bitcoin is a prestigious coin and Libra cannot challenge Bitcoin's status, which is what I am sure of.

[Searing]

the more I'm reading about it the more skeptical I become as to wherever the current system will allow something big like this to happen
if the project is complete and is not a total flop , the new coin could challenge fiat
yes it is centralized , yes it can be called crypto just because it is somehow connected with the distributed ledger or blockchain
but this could be the first attempt , the real one to overthrow the fiat supremacy as we know it
it could both open the floodgates for the real crypto to enter the day to day people's lives
or it could compete with bitcoin and make it less viable , lets wait and see
one thing for sure:P financial regulators and institutions won't go down without a fight and I expect sooo many different interesting laws directed at Libra very soon

Naw. It will happen, at least in the USA and such. The reason is money, Facebook will simply thru political influence and dollars, buy a way into their vision of crypto.

It will work like this:

1) too much power with the centralized Libra...Facebook will spin off something separate from Facebook to monitor such with congressional approval.

2) the mix of crypto and currencies to the worth on the Libra coin will be MOSTLY USD. Over 80% IMHO. Again, to calm fears.

3) they MAY have to make a separate entity for keeping track of personal info...if they make this robust enough..they will be allowed to do data mining yet like facebook proper/ Ads.

4) with some banking hoops they will be able to charge interest on your hodl'ing Libra..much like online banks...again probably a separate entity to do so with Congress approval.

5) with above banking hoops filled they will also offer (to start) micro-loans to developing countries citizens.

6) they will incorporate their Libra with eBay, for overseas purchases mainly, to the same underdeveloped citizens of 3rd world countries also. There may be an eBay plan already.

All the above can be put into play and compartmentalized enough, that supposedly, IMHO, Congress will approve all this. Of course, 10 years down the line society will likely

find that they gave too much power to Mark Zuckerberg (even if all the above is parsed out in separate entities they will all still be connected in some way to

Mark Zuckerberg's wealth and these endeavors...spinning off some of this stuff will still give him and facebook clout, even if they accept 49% of the spin off to get approval.

Money talks and B.S. walks. This is a done deal, IMHO because VISA, PAYPAL, etc are all on board already and the ink on above 'adjustments' to  eventual congressional

passage is not even dry yet.

As to what this will do for Bitcoin. Unsure.

Because Libra is tethered and a stable coin to USD and/or basket of other stuff, as Facebook claims. It is hard to see how bitcoin

could not benefit from this being a store of value. (virtual gold) to Libra's (ease for transactions and speed). However, IF by holding Libra you can stake at certain % in interest

and/or Libra itself takes on the quality of a 'banknote'. Well, all bets are off.

If that was the case, IMHO, if Libra had a huge start and use, like when PayPal started, by the

time Bitcoin and Crypto saw this as a threat, folk may have moved on.

Not saying this will happen, but Mark Zuckerberg would NOT be displeased if his Libra currency by happenstance or otherwise replaced Bitcoin and all other cryptos.

He may not feel that is possible, or even very likely, with the Libra Coin launch, but he would certainly like the alternative of this expected or not.

If Libra was to bury Bitcoin and other Cryptos.

So to me, it depends on HOW MUCH of a store of value with banking tricks and other attempts can Facebook make their Libra coin.

Also, Libra, as a 'store of value' like Bitcoin to replace Bitcoin, that is a long shot, indeed, with Bitcoin's 10 year lead on the 'store of value' position, this again,

IMHO is a very big longshot, but not impossible. I can't see them reaching for such heights at this time, would be better to 'use' or co-opt Bitcoin and other Cryptos

to their 'fast currency' vision first. But no one ever said Mark Zuckerberg has ever been accused of 'under-reaching' on launches of ideas/etc.

Again, Big Money Talks and Politician's Listen.

In this century, crony capitalism has made a huge comeback in the world and they may not be done yet!

Anyway, I know zip. Just my take and concerns on this. This  Libra coin is 'going' to happen as to the effects, well, I'm just tossing out my views/concerns above.

Brad


edit: I may be 'too' optimistic about Bitcoin, according to this article. Whatever, I'm befuddled as usual.

https://hackernoon.com/libra-a-cyberpunk-nightmare-in-the-midst-of-crypto-spring-5543b6f6e34b

[Bitcoin Smith]

yes sometimes it may be possible but we will not give the assurance for that because the Bitcoin is there in front of any currency so that it will not been taking right now and the future also Bitcoin is more powerful.

[IParn]

I highly doubt the success of this project.  Since I heard about him recently.  I do not think that some kind of empty card can overcome bitcoin.  The names of the king is not so easy to earn.

[stfN2128]

hmm libra is not a crypto currency at all in my opinion. yeah it is a digital currency, no doubt.
but why should a stable coin going to be a king in the crypto game? makes no sense to me. its a nice move to connect the mass of people with the crypto space...
 i don't like facebook at all but the still reach a huge amount of people. so it could be good for the crypto world

[peter0425]

Lol, the new crypto king? We haven't seen what it can bring to the ecosystem. It is also centralized, pegged to a currency, so how will crypto enthusiast going to support that? They are generating a lot of buzz right now, but so say that they are the new crypto king? they need to prove that. That is if they're going to start at least next year if US government won't shoot down their idea.

[pixie85]

I highly doubt the success of this project.  Since I heard about him recently.  I do not think that some kind of empty card can overcome bitcoin.  The names of the king is not so easy to earn.

It will succeed in its own way. The main purpose of facebook is gathering data that can later be sold. They want to know what you want to buy and what ads you will react to.
Libra coin will find its market in the millenials who buy apple gadgets and use social media for hours every day. They will want to try this new crypto hype but without going out of their social media comfort zone and facebook will get more data to sell.

[abs350]

If you honestly do not see anything good here.  Collection of our personal data.  This is generally legal.  Enough of the fact that Google will collect all the information about us.

[yvesp110]

I don't really believe in the coins that were recently released because we don't have too many enthusiasts, and we learn from experience that not all new coins succeed in this cryptocurrency, even a lot of new coins that only last for a while, don't run out  have a good price or volume change, so I don't believe it fully

Of course it is not going to be the crypto king at all but it definitely is going to give other coins a tough time in the market. It is going to make it lot easier for people to buy and sell crypto and transact the money around the world with many different and other services as well which makes it pretty attractive to invest in. But the question if it would outshine other coins is still a question.

[cupruri]

Until now Libra has absolutely no effect on the crypto industry. I have hoped that the launch and the token creation of such a big coin, will provoke the market raise, but nothing happened and it is very sad guys.

[Denton]

This coin is unlikely to take the place of the king of cryptocurrency.Of course, it will have a great impact on the market, but not as much globally as you wrote.

[trumplove]

This coin is unlikely to take the place of the king of cryptocurrency.Of course, it will have a great impact on the market, but not as much globally as you wrote.

the king at Crypto are difficult to replace and maybe there is nothing better now than Bitcoin.
maybe there are still good ones but to defeat and change the position of king of coins is not easy.

[coino.org]

No way, mate. libra is a stable coin and I don't think that true crypto adopters will ever use this centralised coin.
As for me I am definitely against using libra, because now facebook knows everything about you, even your payments history

[malikusama]

Too much hype created across the internet about this coin.
Although it may bring some awareness among public for using cryptos but it is a fact that a CENTRALIZED coin can never be a crypto king, it will remain a stable coin like other stable currencies.

[Flor1982]

I guess it will be the king of Altcoins and second to the Bitcoin. Ethereum already made a lot of changes and developments by making the blockchain transactions to become more comfortable in which Ethereum platform was now commonly used by most of the Alts and ICOs to support their projects but still it was not able to supersede Bitcoin so for me Libra might replaced Ethereum but not the Bitcoin.

[xysheeh03]

It is not that easy to say for libra to be the new crypto king. Pershaps it should show any good progress that brings many crypto enthusiast big earnings. Like now bitcoin shows good activity in the market and i think no other crypto can replace it as the king of crypto.

[Caladonian]

I guess it will be the king of Altcoins and second to the Bitcoin. Ethereum already made a lot of changes and developments by making the blockchain transactions to become more comfortable in which Ethereum platform was now commonly used by most of the Alts and ICOs to support their projects but still it was not able to supersede Bitcoin so for me Libra might replaced Ethereum but not the Bitcoin.

Too early for that as it's needs to prove its worth before overtaking existing Alts, and with bitcoin replacement to be called as a crypto king that will
also needs to show something from the community whereas bitcoin already show its existence and staying at the top, decentralized against centralized
depends to whom will going to use the service and how they see the potentials.

[veekky]

Do you really think so? Yeah, probably because of libra facebook users will enter crypto, but there aren't high chances for that. To my mind this coin isn't blockchain based

[bitgolden]

No matter the money Mark Zuckerberg spends on creating the hype for Libra, it is absolutely impossible now for Libra to be crypto king, what Facebook is trying to create is more like him creating more enemies for himself, and there are people who has been in this industry for too long for Libra to wipe them off.

Those guys too will not give in without a fight which will be part of the limitations,whatever added feature Facebook is adding to its coin, I am sure other competitor would have gotten the clue too and working had now to present it to their users ahead of Facebook coin release. There are so many crypto players in this industry that Facebook cannot beat.

[davinchi]

Why did you shilling about Libra ? Just because the connection to facebook, won't make this coin a king of coins.
Do you think the Libra market cap will surpassing bitcoin market cap ?
There are already many coins created in cryptocurrency, but no one can beat bitcoin.

yep, i agree with you, all people knew if facebook is a huge company
but doesn't mean libra will replacing bitcoin as the king of crypto
simple reason, because without bitcoin, libra will never born right ?

I love the way Facebook coin is coming at this time, this will be a proof to government and the world out there that Bitcoin is a very good project when they see with their eyes how Libra will still not be able to bit Bitcoin as popular as Facebook is, then they will pay more attention to Bitcoin.

Whatever Good luck feature Bitcoin added to their platform is really working for them, because virtually everyone including me is of the opinion that we can never dump Bitcoin for anything called Libra, Bitcoin will always remain in our heart. Do you know how many people Bitcoin has taken out of poverty?So how can they compare Facebook whose coin is just an ordinary stable coin to a coin that has multipurpose function.

[Sacramentus]

You guys should stop creating hype around the libra project calling it a crypto kind is absurd and very unprofessional.  If you guys ever think that libra coin will come and surpass bitcoin, then you have a lot of thinking to do.

[Seeker#9]

I think there is only one crypto king and that bitcoin and the soon to be created Libra is a type of stablecoin, pegged with the value of some fiats like dollar, meaning, its price will be steady, will not go up nor down. Libra won't going to compete against bitcoin or any cryptocurrencies and instead, it will help each other achieve their goals. Lubra is like xrp, a centralized currency, the only difference with them is xrp fluctuates rapidly while libra has fixed price.

[TheClownSong]

You guys should stop creating hype around the libra project calling it a crypto kind is absurd and very unprofessional.  If you guys ever think that libra coin will come and surpass bitcoin, then you have a lot of thinking to do.

I am agree, when Facebook launches Libra Coin, a lot of good analysis about Libra Coin. But I'm not sure Libra Coin will be the king of cryptocurrency because in the end the market will determine. I think, bitcoin cannot be compared to Libra Coin because bitcoin has started to be recognized as a digital asset

[freedomgo]

Crypto is known because of decentralization and I think Libra is not decentralize therefore it cannot be a king in crypto.
That's my own definition only, there's so much hype about Libra but it hasn't proven yet, we need to see it first if it can sustain here like bitcoin.

[Chika08]

I think it's high time people stop hyping this projects it's beginning to pass me off. A project that is yet to be trades and it's Faith yet to be decided and people already comparing it with a Coin that is over 10years in existence

[tortellino]

here is nice article about the key differences between Libra and Bitcoin:

https://seekingalpha.com/article/4271247-facebooks-libra-vs-bitcoin-5-key-differences

beside that the view on libra should be a bit differentiated. Beside FB making a big step into the market of financial service providers and the inherent concerns about privacy my personal main concern is how governments will react to that...more concretely what "chances" will governments take out of Libra.

Here in the EU there are thoughts from politicans that the EU could make an "EU-Coin" in comparison to libra, which will have the effect of "cash abolition" and make the citizens absolutely transparent in every aspect of your daily life. So my deepest fear is not FB, beside i didnd´t like the company and model at all, but governments, which could use Libra as a trojan horse for laws and monitoring. There should be the key view of the further developement!

[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

[Bitze]

libra and the companies involved have a tremendous power. they can really stir up the market and also provide a lot of movement. people who have been there for a long time are not necessarily happy about that. but for all people who have first contact with crypto through libra, it is certainly a big thing. whether it is good or bad for the whole of humanity is difficult to say at the moment

[marlboroza]

The fuck is this shit?

New shitcoin backed up by government agencies 

[actmyname]

The fuck is this shit?

New shitcoin backed up by government agencies 

[Nalbo]

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

Facebook would come into attack by different groups to give up any personal data it may have received about sending and receiving of money and the people involved. Facebook's coin can also be a secret project from the government of United States to counter the rise of anonymous cryptocoins.

[Adya]

do not think it is king ever. it is just stablecoin which will be available for everyone. and it will be backed by a dollar and will cost 1$. my opinion.

[Handsome Boy]

You can't say if Libra is the new crypto king before Libra launches its project on cryptocurrency and has proven it, because cryptocurrency is not easy to predict, even though Libra gets partners and support from many big companies but it's still not enough for you to say if Libra is the new crypto king and can defeat or replace Bitcoin, because many people still support and trust Bitcoin, so I think it's very difficult to beat and replace Bitcoin.

[DarkIT]

I did not know that it would be the king of crypto, but I am sure Libra will shake the crypto world, and the world economy. imagine, if all facebook users use it. well, of course this will be very popular. What's more, it uses blockchain technology that allows fast delivery. people who don't know, will know. well, but in this case, I think, it's not only Libra who benefits, but also bitcoin, and other altcoins. I think it will be difficult for Libra to replace Bitcoin.

[llecrf]

There is no profit for investment and libra coin is just a stable coin and I think there are many other stable coins.
Hopefully libra coins can compete with other altcoins and I will wait for him in 2020

[Hanvis]

Why is everyone looking for a replacement for bitcoin? Btc irreplaceable. And how can you compare the Libra token to BTC? The only plus i see is a massive attempt to involve as many people as possible in the crypto industry. What can attract new investments in crypto.

[nutella_11]

Nooo. Libra is not a cryptocurrency. Just find some details about it.

[veleten]

Nooo. Libra is not a cryptocurrency. Just find some details about it.

Libra is not a thing yet
but judging from what we hear it can be called cryptocurrency , technically
its a centralized ripple-style pseudo crypto , but still a crypto
lets wait and see what their white paper says ( if there is one ) , but I'm pretty sure it will be blockchain based

[lohladex]

I quite disagree with what you said .Libra is a new born baby though has wide connections and obviously its going long way . Bitcoin , Libra , they all serve different purpose . To me Libra is not the King. I will rather see Bitcoin as the King because Libra is just a new born baby .Obviously  the invention of Libra will boost cryptocurrency adoption Globally.

[pics4crypto]

I, too, disagree with the king, Bitcoin was and is and no one can defeat him in the future. It seems to me I could not I would not be so self-confident and called myself the king when you just recently became popular and people found out about you hate self-confident people

[arufox]

What you means new crypto king?? Centralized coin become king?? Are you kidding me, I even dont interesthing with this coin. Cryptocurrensy is decentralized, we control our money and data, And libra coin not part of cryptocurrensy, ya personal opinion

[Nolimitz84]

You guys should stop creating hype around the libra project calling it a crypto kind is absurd and very unprofessional.  If you guys ever think that libra coin will come and surpass bitcoin, then you have a lot of thinking to do.

I am agree, when Facebook launches Libra Coin, a lot of good analysis about Libra Coin. But I'm not sure Libra Coin will be the king of cryptocurrency because in the end the market will determine. I think, bitcoin cannot be compared to Libra Coin because bitcoin has started to be recognized as a digital asset

Don't forget that private coin Facebook is stablecoin.This fact suggests that the Libra coin a priori will not be able to compete,at least with bitcoin and Ethereum.Libra will not be able to be king.Among other things, it will be a centralized coin.Yet the crypto community only trusts decentralized coins.

[actmyname]

Don't forget that private coin Facebook is stablecoin.This fact suggests that the Libra coin a priori will not be able to compete,at least with bitcoin and Ethereum.Libra will not be able to be king.Among other things, it will be a centralized coin.Yet the crypto community only trusts decentralized coins.

(eyes point toward Ripple)

Beyond it all, most people would say they trust decentralized coins but weak wills fall to the bandwagon.
After all, fiat is still strong, innit? Centralized cryptocurrencies are still going, aye?

Privacy and trustless services are traded for convenience.Don't expect the general public to conform to an anarchic belief. It's a prisoner's dilemma for most.

[sana54210]

Libra's appearance is both a catalyst that helps the widely known crypto market and a major threat to Ripple and Stellar. I think Libra will be a big project because facebook's ecosystem is quite strong, but it's too early to say it can become the king of crypto. But Libra will undoubtedly be a factor affecting the growth of the whole market, it recognizes the participation of a large company participating in the crypto market.

I think Libra system also supports Bitcoin, and if it does, I see this Libra project as a major boost for Bitcoin, and not even Libra itself, because like you rightly said, I think Facebook only developed a catalyst for the cryptocurrency world in which the beneficiary would be some of the top coins in the market.

Facebook Libra coin would really expose the world out there and most especially their users to blockchain tech in general, while they will also get awareness about its cryptocurrency product. Many people through Libra coin will get to know about other projects like Bitcoin that is good for investment, because I see Facebook coin as just utility token for their platform.

[bitgolden]

It has not launched yet, so we can't just say that Libra will be the new crypto king. Although it really has a great potential and the most promising coin nowadays, but we'll see in the future if it reaches our expectations. I still believe in bitcoin though.

libra may have a very large community. or maybe when the release and start trading libra can immediately occupy the top 100 coins. that might have happened because seeing so many large companies also had the development of this coin behind. not only facebook.

If our believe is about Facebook occupying the top position, there is honestly nothing to argue about that because it will surely do the moment it get released due to the large community they will attract like you said, but what I usually argue with people is when they think in their head that Facebook will occupy the seat of Bitcoin, which I still don’t know exactly the magic they will use to do so.

The fact that Facebook is popular now doesn’t really mean people love them that much, many people have issue with the way they don’t protect user’s privacy, they only use them because of the social media platform they have and because they need to communicate with friends and family through it, but now that it involves financial things, I doubt if people will really be behind them for this, investor would not have much coin in them and whatever money they put into their projects will just be to test it.

[veleten]

so , having glanced through their white paper , there can't be two more different cryptos than bitcoin and Libra
first thing , the new coin is going to be be based on permissioned node verification
i.e. with bitcoin any node that meets technical requirements can validate , with libra only the chosen few will be able to run a node
then there will be no mining as with bitcoin - libra will be "minted" , when the actual fiat currency is spent to buy it
and to crown it all there will be no pseudo anonimity , the new coin is positioned as ready for regulatory compliance
so no shenanigans possible , no money laundering , nothing that involves privacy , be ready to be scrutinized to a T if you are using libra
 

[katerina5643]

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

[fillippone]

So, notwithstanding the bad rumors over the last days, something is moving in Libra realm: they just updated their blog with a new entry.

September Libra Developer Update - Roadmap #1

A few interesting points.
First of all, the roadmap:

Launching the Testnet has allowed the team to quickly improve Libra Core by making it easy to troubleshoot, diagnose, and resolve software edge cases. The Testnet demonstrates Libra network functionality and provides early access to developers.

Following the Testnet, we hope to have a successful launch of the Libra Mainnet. One method we use for tracking the project's success is how many of the deployed nodes are managed by different partners. The end goal of Mainnet is for all partners to have nodes deployed on the network. Each node will run on a mixture of on-premises and cloud hosted infrastructure. Our belief is that wider diversity of infrastructure will provide more resiliency to the Libra network.

Next step is now happening: the pre-Mainnet, whatever it means:

Libra Pre-Mainnet
As the project tracks towards the Mainnet milestone, it is necessary to bring more nodes online while maintaining the operation of the testnet. To aid this effort, we've created a staging environment that we call Pre-Mainnet. Pre-Mainnet is currently only accessible to partner nodes to allow them to connect to each other. A handful of partners have already deployed their nodes and have them communicating with each other. We expect to have more partners coming online shortly. We want to ensure the Libra network can meet rigorous performance benchmarks and overall system stability before opening access. Stay tuned.

As usual technology is going farther and quicker than legislation.
Is “Move Fast and Break Things” mantra cool again?

[iDagCoin]

 Privacy will be a big problem because Facebook will know every step of its users. Bitcoin will be the only king for a long time.

[infarterr]

~snip~

Indeed, currently Libra is supported by many large companies, including Facebok. But what we have to understand is that some large countries are also blocking the existence of Libra. So that this competition will occur. If competition still exists, then we cannot say that Libra is the new ALT King.

[cutesgirl]

You can give proof why Libra become king coin? how serious build by Libra so far with whitepapee, libra team and how many time they have make meet up with investor to publish what the advantage of investing in Libra coin, I just give opinion about Libra because last year have been to the public issues but still not have anything right now.

[JeffBrad12]

You can give proof why Libra become king coin? how serious build by Libra so far with whitepapee, libra team and how many time they have make meet up with investor to publish what the advantage of investing in Libra coin, I just give opinion about Libra because last year have been to the public issues but still not have anything right now.

It's basically just overhyped stablecoin and definitely not a crypto king. Imagine calling a coin that's established by a big company like facebook which they have full control over it a crypto king that just doesn't suit well. There's no such thing as crypto king other than bitcoin itself and Libra will never be a crypto king because that's just an utterly bullshit and Libra can't even get past the regulation and keeps on being delayed.
Libra is selling like a hot cake only in early stage where it got investors from left and right just because it's a big company and not because the coin's revolutionary idea which I find it none there. just overhyped garbage in short.

[Kezacky]

i don't think like that, for me Libra is a centralized coin they only focus on financial systems like Visa, paypal etc. Besides Libra has also not been released legally in public, they are still a lot of pros and cons, but if Libra really released soon this will affect the crypto adospi and enliven the crypoqurrency market again.

[19Nov16]

Privacy will be a big problem because Facebook will know every step of its users. Bitcoin will be the only king for a long time.

Of course they make privacy the most important thing. I hope Libra's presence makes a good competition vs Bitcoin, currently there are too many coins so that altcoins compete with each other and of course make a lot of dead coins.

[vanya.pronin.1983]

I am so tired of such guys thinking that Libra will change anything and will replace BTC. It won't. Libra was created by big companies and this fact would bring more new supporters to the crypto industry, but it won't affect BTC dominance.

[fillippone]

Paypal has formally withdrawn from Libra Association:

PayPal Withdraws From Facebook-Led Libra Crypto Project

PayPal has withdrawn from the Libra Association, the company announced Friday.

A PayPal spokesperson told CoinDesk in a statement that the payments firm “made the decision to forgo further participation” in the Facebook-initiated crypto project, to instead “continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations.”

The statement continued:

“We remain supportive of Libra’s aspirations and look forward to continued dialogue on ways to work together in the future. Facebook has been a longstanding and valued strategic partner to PayPal, and we will continue to partner with and support Facebook in various capacities.”

More to follow...

[CjMapope]

its crazy how Libra went from
-- Omfg itS GuNnA KiLL BTC (ya right)   to
-- Omg  its gonna be HUGE to
-- Omg its gonna fail

all in like less than one year :O  

i just want it to launch to speculate on, that shit will pump for SURE

[Arsenyo]

I don't understand how can anyone consider Libra as new crypto king and why there is so much fuss about its launch. Lawmakers in the USA and France have already called for the project to be halted. The tech company itself is starting to question the viability of it. Even Zuckerberg put Libra launch date in doubt. I don't expect anything good from Libra even it it will be eventually launched.

[freedomgo]

its crazy how Libra went from
-- Omfg itS GuNnA KiLL BTC (ya right)   to
-- Omg  its gonna be HUGE to
-- Omg its gonna fail

all in like less than one year :O  

i just want it to launch to speculate on, that shit will pump for SURE

I don't know how that will pump when Libra is design as a stable coin, can you expound it a bit, I'm just curious on how did you arrive your idea.
Anyway, if Libra will be launch, I think the effect on pump will be on bitcoin or on the altcoins market, it will help this market to revive from bearish to bullish, that thing I'm very confident.

[Impaler]

I don't think so. I understand that Libra is a big project and backed by Facebook and some big giant company. But its fully centralized. Maybe for Libra many people will be introduced to this crypto space and a mass people will join. But that doesn't mean it will be the crypto king. Its even don't follow the basic rules of crypto.

[minersday]

How  can a coin that is not yet available for people to use be the new king of cryptocurrency? it is true  that the Libra coin will increase the adoption and use of cryptocurrencies but i don't really see it to become the next king of crypto. Bitcoin will always be the king of cryptocurrency...

[DonFacundo]

hey don't say Libra is the new crypto king because it is not launch yet and how can you sure that Libra will be the new King of crypto?, it is just ordinary stable coin. For me bitcoin will remain the crypto king.

[Impaler]

I know that Facebook announced Libra and its a very big project with many established partnership. But its not what we want. Libra will not follow the basic fundamental of crypto currency that is decentralization. Libra is a fully centralized crypto.

[spadormie]

You can't say that Libra is the new crypto king. It is just an stable coin that will make cryptocurrency known in the whole world. It will be just only that. And it will be also a coin that will be used in facebook platform or any platform that will avail Libra coin as payment method. It could be also a safe haven for us since we have another stable coin to choose from other than USDT, USDC and many more.

[tsaroz]

Libra could have been a good boost to the crypto adoption around the world but the future of itself seems unpredictable.
One of the reasons for Libra having lower chances of getting the light is Facebook's dependency on the US. Europe has been pretty friendly towards human rights, privacy and crypto while US focus on tracking every moves to micromanage the population.

[bison]

I know that Facebook announced Libra and its a very big project with many established partnership. But its not what we want. Libra will not follow the basic fundamental of crypto currency that is decentralization. Libra is a fully centralized crypto.

of course, the focus of Libra will be the use of coins for their platforms. there are interesting things where large companies are behind libra. they have the great ability to make libra into a very large coin. even though it is only a centralized crypto, libra will focus on achievement and function.

[Tipstar]

I hope this won't setback the development of Libra. Libra's development is already in uncertainty as the US congress has not been decisive in it. It would be good for everyone including US and Facebook to come into an understanding and launch Libra as a freely transferable and exchangeable crypto. If they are not able to take a decision soon, they would be left behind by other countries and companies.

[Mysteryla]

Well, with great joy do we welcome Facebook Libra to the crypto space and I will be glad to use it, if it will serve the functions that I desire. However, I still regard bitcoin to be the king and it will continue to be the king of all crypt I currencies. We truly need more projects that have useful use cases and notb the sh*t coins that are in their numerous numbers.

[republicrypto]

I know that Facebook announced Libra and its a very big project with many established partnership. But its not what we want. Libra will not follow the basic fundamental of crypto currency that is decentralization. Libra is a fully centralized crypto.

of course, the focus of Libra will be the use of coins for their platforms. there are interesting things where large companies are behind libra. they have the great ability to make libra into a very large coin. even though it is only a centralized crypto, libra will focus on achievement and function.

i believe, even a huge company behind this libra will not make libra replacing bitcoin as the king of crypto
but, the impact will be good for crypto world especially for bitcoin, because a lot people will learn more about cryptocurrency because of libra
regards

[Searing]

Gonna have a hard time getting to be the new crypto king..if it cannot even get approval to exist as a centralized coin.

Just saying. Also, I read Paypal and some others are pulling out and some other major backers.

I guess it has turned into too much of a political cluster.

[TaliskerDarkStorm]

Gonna have a hard time getting to be the new crypto king..if it cannot even get approval to exist as a centralized coin.

Just saying. Also, I read Paypal and some others are pulling out and some other major backers.

I guess it has turned into too much of a political cluster.

Lol, wall-said. To be a new crypto king not so easy, if you're centralized, it's harder. I did not see this thread before. But i must say that it's very heartbreaking for the starter.

PayPal already pulled out and Mastercard and Visa considering to resile. I don't think Libra can achieve its goals in the short-term and the long-term. Mark Zuckerberg is simply fraud, and nobody should believe him, even if he created a blockchain startup.

There had been only one crypto king and there will be only one crypto king, Bitcoin.

[boltz]

Until February 2020 I bet more than 30% of them will retire giving a hard time for Libra to gather the necessary funds. PayPal already retired from the Libra program and in the coming days due to the regulation problems some of them will follow PayPal decision.

I want to ask the community here, do you trust Libra anymore ? Because for sure it cannot be the King of crypto , those are just dreams ant nothing else as no one could over take bitcoin no matter how hard they try. Just because they have some big companies names that are willing to invest into Libra this won't put the currency into top 1 ...or even top 10 so just stop dreaming.

[jajorforce]

That's quite impossible, new and old cryptocurrency king is Bitcoin. European countries Germany and France already rejected Libra coin, this is the bad effect. European countries rejected Libra because it could be a threat to a stable EU economy.

[Sahyadri]

The backlash the Libra is facing from the regulating authorities all over the world makes me doubt whether this project is even going forward. Facebook which has been involved in privacy breach before, can't be trusted when it comes to taking care of transactions and money. Paypal has already come out of the association and others might follow soon. Even if it sees the light of the day I doubt Libra will be the king in crypto space.

[Bezobraznike]

I want to ask the community here, do you trust Libra anymore ?

   There are people who never trusted Libra project, I`m one of them. There is more then one reason, first of all is that
I don`t like FaceBook, they have been accused and convicted for selling private data`s more then once. Second reason
is more important, they plan to be stable coin, so what we investors in crypto-currencies have from that? That coin
will not rise, or have potential future, it will be there for using, you can buy it and spend it like any other currency
with stable value.
   Libra will serve the purpose, it will introduce people with real crypto-currencies. It`s only good thing from entire
Libra project.

[jsizar]

Bitcoin will be the crypto king forever.
(or for a vry long time)

[Brunus]

Libra is the biggest scam put together by the system to block the real cryptocurrencies.
It is totally centralized, and - like your facebook account - it can be blocked without receiving any explanation.
But people are so stupid that they will be fooled.
How sad ...

[Little_king]

this is yet to be known as king as the dream is still very young and never enter market also and with that alone we cant say is the king as we have lots of coin here in the market and libra is still kind of having challenging now but till we see a real market turnout and that would be nice to have.

[DarkIT]

Until now, there are quite a lot of big companies that support Libra, but so is the rejection in several countries. I am not so sure that Libra can beat bitcoin in the future. however, FUD is so widely spread about libra like the link below

paypal exit from libra

french block libra from europe

[bitzizzix]

Bitcoin will be the crypto king forever.
(or for a vry long time)

Bitcoin could go to zero value in no time at all. You have to invest with caution.

Lol, if you say bitcoin can reach zero value and that's not possible because all this time bitcoin has always given a good value even though there is a decrease but it will definitely go up again.
and the arrival of new coins will not affect the value of bitcoin and nothing will replace the position of bitcoin as the king of cryptocurrency.

[goto22]

Libra is not even a real cryptocurrency. Also, PayPal should already be removed from the list of supporting companies, and it will likely not be the last one to leave Libra before the coin sees launch.

[Faxmate]

Until February 2020 I bet more than 30% of them will retire giving a hard time for Libra to gather the necessary funds. PayPal already retired from the Libra program and in the coming days due to the regulation problems some of them will follow PayPal decision.

I want to ask the community here, do you trust Libra anymore ? Because for sure it cannot be the King of crypto , those are just dreams ant nothing else as no one could over take bitcoin no matter how hard they try. Just because they have some big companies names that are willing to invest into Libra this won't put the currency into top 1 ...or even top 10 so just stop dreaming.

If we are talking about the King of Cryptos then it is just bitcoin, the one real king. Let us just not forget the reason why we have altcoins. I do not think that altcoins can survive or gain trust without taking help from bitcoin. The best altcoin has been ethereum for long now and even it failed to take place of bitcoin even after years of efforts. Libra or any other don't even stand the chance. They cant even achieve a quarter of what bitcoin had years ago.

[lab rat hoax]

Libra of course will add a great innovation to the crypto currency market and it will be very valuable, but it can't the new crypto king. It is not that easy. Bitcoin is always the king of this market, I think it will stay at least for the next 5 years. It is not possible for the libra to exceed bitcoin already. It is also not possible libra to exceed large coins such as ethereum, ripple, stellar in the short and medium term, but I'm sure it will be among the top-10 coins

[fillippone]

You can now actually bet on Libra launch date:


Facebook Skeptics Now Have Derivatives to Bet on Libra Delays

CoinFLEX is offering physically-settled futures that will deliver Libra tokens if the so-called stablecoin is live by Dec. 30, 2020, or the settlement date. If Libra is not operational by then, investors will receive nothing and will have lost their initial investment.

You can bet on the successful launch of Libra Token by 2020.
This is not a future, actually it is an option on a Libra  Token with strike price equal to 0 and expiry on 31.12.20.

This remind me on the futures on Segwit2x coins: these were massively important rejecting the fork, I doubt those future will have any significative impact on a centralised decision.

[Impaler]

I don't know why people are saying that Libra is the new crypto king. I know Libra is a big project and it will connect to many people . but still it is nothing but a centralized coin.

[efxtrader]

I don't know why people are saying that Libra is the new crypto king. I know Libra is a big project and it will connect to many people . but still it is nothing but a centralized coin.

Maybe because many people consider Libra coin to be in demand by investors. Libra Coin in my opinion has the potential to become large because with the number of Facebook members who reach billions, there is an opportunity to become the largest in terms of market cap value

[xen1oph]

That's just so funny to read after the recent news about PayPal becoming the first member to exit Facebook's Libra Association. Don't know about 'crypto king', OP.

[confreslamp]

People still believe that Libra will replace BTC Guys, Libra is a stable coin that is centralised, secondly, it is still unclear if Libra would see the light, thirdly crypto community hates the idea of centralised assets on blockchain.

[josephsonand]

Got me thinking.
You know, there's an F-word. So I think there should be an L-word.
F - for Facebook.
L - for Libra. Sorry

And to the topic - Libra is just trying to get attention, but no one actually taking it seriously. Even PayPal, as someone noticed above, refused from a partnership with L.

[seleme]

I don't know why people are saying that Libra is the new crypto king. I know Libra is a big project and it will connect to many people . but still it is nothing but a centralized coin.

The centralized coins have a future like decentralized coins but it is too early to see a full decentralization. The blockchain technology is not fully applied to the traditional economic and financial systems but we wait for the optimized world with the blockchain technology. The peer to peer system advantages can change the world but everything has the timing and Libra is a middle step for reaching the goal IMO.

[shadowduck]

That's just so funny to read after the recent news about PayPal becoming the first member to exit Facebook's Libra Association. Don't know about 'crypto king', OP.

they just announced that they want to leave, but they didn’t. so far these are all rumors that have not been confirmed in any way. need to continue to monitor the development

[fillippone]

That's just so funny to read after the recent news about PayPal becoming the first member to exit Facebook's Libra Association. Don't know about 'crypto king', OP.

they just announced that they want to leave, but they didn’t. so far these are all rumors that have not been confirmed in any way. need to continue to monitor the development

No,
they formally declared to withdraw:

https://bitcointalk.org/index.php?topic=5155892.msg52654123#msg52654123

A PayPal spokesperson told CoinDesk in a statement that the payments firm “made the decision to forgo further participation” in the Facebook-initiated crypto project, to instead “continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations.”

[MathGame]

You can't compare Bitcoin and Facebook Libra. Bitcoin is more like a currency while Facebook Libra is stablecoins. Bitcoin was designed as a digital store of value and also a payment system while Facebook Libra is going to be created as a giant worldwide stablecoin. Bitcoin is not a stablecoin while Libra is.

[ardentvolcanoes]

That's just so funny to read after the recent news about PayPal becoming the first member to exit Facebook's Libra Association. Don't know about 'crypto king', OP.

they just announced that they want to leave, but they didn’t. so far these are all rumors that have not been confirmed in any way. need to continue to monitor the development

Rumors that spreading to continue getting the attention of the community, its also use as free advertisement since even the rumors spreading around showed some negative info and the feedback can harmed the project but still it's bring interest. It's best to keep following and monitoring the movement of this project inside the industry before finally being launched.
Libra's potential is still on its way, only the investors and traders will bring it to reality.

[Vaculin]

You can't compare Bitcoin and Facebook Libra. Bitcoin is more like a currency while Facebook Libra is stablecoins. Bitcoin was designed as a digital store of value and also a payment system while Facebook Libra is going to be created as a giant worldwide stablecoin. Bitcoin is not a stablecoin while Libra is.

We cannot compare it because there is no valid comparison, it looks like they are living in a different world.
Bitcoin could be the king of crypto while Libra will likely to be the king of stable coins market, if I can decide which crypto to consider, I think this stable coin is not a crypto since they follow the norms of the centralized system.

Bitcoin and volatility are the key factors on why this market grows, if its stable, there's no difference with fiat and other digital currency, and people will not invest on bitcoin. its features is unique and very attractive for investors that's why it reached its current value now.

[Free1bitco.in]

when PayPal has officially come out, I guess a lot of people are making use of this and putting pressure on libra. this is also evidenced in the article released in today's cointelegraph. there it is said that commemorating Visa, Master Card, and Stripe for reading regulation which can be related to libra. if this is true, chances are that these 3 big companies could have followed PayPal's footsteps. this is really detrimental to libra.

Source : cointelegraph

[DevilSlayer]

There will be a big impact in the cryptocurrency market if the libra will be now available. I am sure that the eyes of the most investors are now in Libra because it's have a good team behind and it is the Facebook, INC. 

[zeze18]

heard the news that paypal has left libra.
I think something wrong with the project of facebook is not serious enough developing this project

[judeafante]

You can take out Paypal among the list, we'll still waiting for the next company to leave the group, so far,  no company is following Paypal,
Paypal pefer to choose Gopay than being with Libra Coin.
But I have doubt if they will become the new Crypto coin, they are a stable coin they have a different purpose in the market compare to what Bitcoin and other Cryptocurrencies are offering, so we'll have to see what is to come and Libra coin will eventually launch.

[setialovers]

heard the news that paypal has left libra.
I think something wrong with the project of facebook is not serious enough developing this project

From what I read, Paypal left the Libra consortium because it wanted to work on the Chinese market. We know that the Chinese market is very large and if Paypal is still joining the Libra consortium, Paypal will have difficulty in terms of regulation to enter the Chinese market.

[desticy]

You can take out Paypal among the list, we'll still waiting for the next company to leave the group, so far,  no company is following Paypal,
Paypal pefer to choose Gopay than being with Libra Coin.
But I have doubt if they will become the new Crypto coin, they are a stable coin they have a different purpose in the market compare to what Bitcoin and other Cryptocurrencies are offering, so we'll have to see what is to come and Libra coin will eventually launch.

I just wanted to offer the same thing, take paypal out.
The regulators took hold of Libra tightly, that's true. Paypal's output made a lot of noise. but it seems to me that all this benefits the project.
The stronger they press on the libra, the stronger its release after launch will be, because in this case it will turn out that Libra won, and public attention will be riveted to it.
Yes, the project has other goals, well, let it give the market something new.

[ivan1975]

Interesting news from Devcon. Libra will be forked and will be created OpenLibra on Tendermit blockchain.
https://www.coindesk.com/new-libra-fork-will-create-permissionless-stablecoin-free-of-corporate-control

I hope this cryptocurrency will be free from any regulatory restrictions.

[ahmia39]

~snip

If I look at the picture, it shows that Libra is the king who is supported by many large companies. But Libra is currently not able to provide all good guarantees. Libra is just a name that was popularized, not a blockchain that is already popular. This is far different from Bitcoin and Ethereum. Bitcoin and Ethereum are already popular with proven users far more than others.

[LbtalkL]

Interesting news from Devcon. Libra will be forked and will be created OpenLibra on Tendermit blockchain.
https://www.coindesk.com/new-libra-fork-will-create-permissionless-stablecoin-free-of-corporate-control

I hope this cryptocurrency will be free from any regulatory restrictions.

OpenLibra might be better than Libra  “There is no token sale. No equity and no company behind this initiative.” People like decentralization. That's the problem with Libra they are not decentralized and our privacy is not guaranteed.

[tartibaya]

There are negative news about the Libra. PAYPAL withdrew from this. I don't know why, but it's kind of sad. An organization like Paypal would be a great reference for the system to work.

[akirasendo17]

Libra wont even see daylight as we speak on the list of partners a big company already pulled out, because I think the reason is that there are big people who is figthing libra to be launched also the government started an inquiry to the project and they are against it
thats why there is a slight chance that libra will be available anytime soon so tha is bad news fo us, but if this coin happens to be launch secretly to the government I think it will not even push through because, powerful people will stop this

[jcpone]

In the first place Libra is not a part of cryptocurrency yet due to its launching is not happening so far and it will be by next year is their launching time 2020. And what a great hype you are saying, were it is obviously you are attracting anyone to support Libra, and you must give a strong basis article link that Libra will become a King. and of course you can't show anything that will prove to become a new king that's because you are deceiving many of here, and the majority for sure won't believe on you.

[yurekaa]

I think it's too early to say that Libra will be the king of crypto. libra hasn't proven anything yet. it's just that libra was created by facebook which is worldwide and famous and is supported by banks and big companies like mastrecard, visa, paypal and others. let's wait in 2020 when libra is launched, will libra be able to replace bitcoin?
if I still choose bitcoin because bitcoin has been proven to last a long time until now. and i think libra movement can be controlled by facebook unlike bitcoin which is free no one controls.

[microsurfer]

Libra is dead on delivery, partners are leaving it

[tungaqhd]

The fuck is this shit?

Another altcoin that is being hyped too much and later on will try to exit as a failed project. 

Anyway, crypto king belongs only to bitcoin so stop the hype with Libra because Zuckerberg will not become the Cryptoking as well, since he's reputation is not that good anymore. I support the mass adoption especially with Facebook but not to the extent of taking the place of bitcoin, that's not gonna happen and investors will not let any centralized coin to beat bitcoin, never.

Yes, I agree.  so many people glorify libra, that they forget the king of crypto himself is bitcoin.  without bitcoin there is no other altcoin.  it's true, libra will be great later because it has a name from facebook, which includes facebook is social media that already has a very big name on the internet.  as long as I haven't released libra I still think of it as normal altcoin in general.  we'll see what libra can do when released on the market

Well, libra still doesn't have an emphasis on the official launch date and even things are only in a development plan of facebook, although facebook can be a strong corporation and is a great advantage for libra but people are flattering too much about libra, they should understand that this product is only in its original form, the extent of libra's impact on the crypto market is untested. And bitcoin is still here, an alien like libra wants to take over bitcoin's position, it's probably a fact that many crypto users cannot accept.

[X-ray]

The fuck is this shit?

Another altcoin that is being hyped too much and later on will try to exit as a failed project. 

Anyway, crypto king belongs only to bitcoin so stop the hype with Libra because Zuckerberg will not become the Cryptoking as well, since he's reputation is not that good anymore. I support the mass adoption especially with Facebook but not to the extent of taking the place of bitcoin, that's not gonna happen and investors will not let any centralized coin to beat bitcoin, never.

Yes, I agree.  so many people glorify libra, that they forget the king of crypto himself is bitcoin.  without bitcoin there is no other altcoin.  it's true, libra will be great later because it has a name from facebook, which includes facebook is social media that already has a very big name on the internet.  as long as I haven't released libra I still think of it as normal altcoin in general.  we'll see what libra can do when released on the market

Well, libra still doesn't have an emphasis on the official launch date and even things are only in a development plan of facebook, although facebook can be a strong corporation and is a great advantage for libra but people are flattering too much about libra, they should understand that this product is only in its original form, the extent of libra's impact on the crypto market is untested. And bitcoin is still here, an alien like libra wants to take over bitcoin's position, it's probably a fact that many crypto users cannot accept.

Crypto users actually no need to accept anymore because Libra is seems to be crumbling, as you can imagine the three of major investors is planning a step back from this project it means that Libra is already financially damaged let alone ruling crypto. Even if Libra is really released with the half baked condition it won't even make bitcoin affected it's just another stablecoin after all.
People should really concerned about the adoption of cryptocurrencies rather than worrying about Libra which is far from taking over the bitcoin's throne in my opinion.

[TrevorS]

There are negative news about the Libra. PAYPAL withdrew from this. I don't know why, but it's kind of sad. An organization like Paypal would be a great reference for the system to work.

This information can already be called old, a week ago. Paypal has its own reasons for leaving Libra.
So far, Libra is the king by the amount of attention drawn from various government agencies. I hope all this does not turn out to be a skillful game of PR agencies.
The libra will not be the king of the market, but it will be an interesting form of gateway for cash flows.

[Leyss]

I do not know the intentions of Facebook now, but they themselves had previously doubted the successful completion of the Libra project due to the sharply negative attitude to this coin from the states of the European Union and the USA. I read that earlier Visa said it was coming out of this project, now PayPal is saying the same thing. It seems that the project is falling apart without ever starting. I do not think that Facebook should continue its project with the release of a stable Libra coin. It seems that the regulators will not allow this coin to turn around. Facebook may lose more than benefit from this project.

[d3nz]

There could be a lot of implementation and the stability of the price since the cryptocurrency is very volatile and the prices are changing depends on the market since their coin name is STABLE COIN and they need to maintain its price or else their financial company partners may pull out to this coin.

And for me, Bitcoin is still the king of crypcurrency and its because of price and no one owns it and cannot be manipulate.

[zeze18]

There are negative news about the Libra. PAYPAL withdrew from this. I don't know why, but it's kind of sad. An organization like Paypal would be a great reference for the system to work.

I think facebook is not really have full support on libra.
They are not sure about the cryptocurrency era yet, so i think other company will follow paypal to leave libra

[egetrorx]

Visa, Mastercard, eBay, Stripe Follow PayPal in Quitting Facebook’s Libra Project
https://www.coindesk.com/ebay-stripe-follow-paypal-in-quitting-facebooks-libra-project

[gaston castano]

I'm a little confused seeing this, but BTC has become the first crypto there and has been since 10 years ago.
even though Facebook has many partners, it's not certain that it will defeat BTC.
but I'm sure his presence can attract many people.

[asus09]

Libra is not new crypto king, check last update with many partner Libra have out from Libra coin project, from PayPal, Master card and many partner have left Libra coin. Will be libra become new crypto king without get support from many partner companies? I think is impossible without have many partner Libra can be success like bitcoin and become new crypto king at the future.

[jazmuzika217]

In the latest situation of libra we can't say that libra is the new king or  will be a new king of crypto because there are some news that already confirmed that most of their huge investors are already cut their tie up. So I think this is a bad image for libra. And I think they are now suffer in many issue because on that issue.

[Argoo]

Scales could take a significant place among stable coins, but it is unlikely that it would have a significant influence among decentralized cryptocurrencies. Your name of this coin in any case would not correspond to reality, even if Libra would be successfully issued. However, today Libra has insurmountable problems and many of her partners have already left this project.

[dcomomal]

What are people saying now, by knowing that a bunch of Libra members scared and left the project completely? I am very curious about the next meeting with SEC, where FB should prove the legitimacy and the real use case of Libra.

[TriplexXx]

Facebook Libra is not going to be the new king of cryptocurrency because Libra is going to build as a stablecoin just like Tether USDT. Libra coin is not like bitcoin or Ethereum rather another Stablecoin as a result of that you can not compare Libra to bitcoin or Ethereum. by the way, I don't think stablecoin is going to be the new king of cryptocurrency. 

[kak uli]

what did you say    I do not agree if you say that Libra is the new krypto king, because until now Bitcoin is still the king of cryptocurency and there is no altcoin capable of exceeding bitcoin. and Bitcoin will always be the best in the world of Cryptocurency and Bitcoin will always be the King of all coins.. so don't pass on information like this because no one will believe it.

[Bezobraznike]

what did you say    I do not agree if you say that Libra is the new krypto king, because until now Bitcoin is still the king of cryptocurency and there is no altcoin capable of exceeding bitcoin. and Bitcoin will always be the best in the world of Cryptocurency and Bitcoin will always be the King of all coins.. so don't pass on information like this because no one will believe it.

   It`s just a hype, created by Facebook trolls. I can`t give another explanation. Libra coin is not launched yet, it`s still just an
announcement, without a day of existence, how can some project be a king if it`s not released yet?
   What`s more important Libra coin will be centralized, stable coin. Project like that can`t compete with Bitcoin, Ethereum and
many other real crypto-currencies.

[glendall]

there is no explanation just a picture, then how can you conclude that Libra is the new crypto king? if it is only because there are many large companies that support it does not mean it will be the best in cryptocurrency, all the decisions are in the market whether libra is worthy of being the king of cryptocurrency,
but with the current libra conditions it is very unlikely that libra will be number 5 on the CMC.

[SamboNZ]

Project is dead their partners already bailed out and the other remaining will soon to follow. Its a great news this would prevent another facebook disaster, wherein people will lose lots of money because of the shitty security of facebook.

[Hippocrypto]

Project is dead their partners already bailed out and the other remaining will soon to follow. Its a great news this would prevent another facebook disaster, wherein people will lose lots of money because of the shitty security of facebook.

The picture spokes a thousand words without any captions, and if the project is totally dead I think the trolls were spreading out these diverting tactics. When they pushed this project to be a new crypto king, yet they've tried to pull down bitcoin's popularity because of that which I believed not a good moves. Since bitcoin pillars has the strong support of big whales who controlled the system, and this new rising coin libra has this ambition to rival btc's popularity.

[shushu9977]

Never, because the creator or first crypto-currency is bitcoin, so bitcoin is the father of all crypto-currencies. Libra will be a good coin in future, and it will be the under top 10 position because of the relation of facebook company.   

[Tylev]

Scales are actually a dead project. Due to the negative assessment of this project by the United States and European Union states, its main financial partners gradually left it. Probably one of the last sharply negative reviews regarding Libra is the recent report of the G7 countries working group and the Bank for International Settlements, and it may be the last straw after which this project will only turn out to be a project without practical implementation.

[Murat]

Totally disagree to the point, I don't even think that Libra will sustain for a long time whereas you are calling the King of Crypto, Before coming to the market LIbra has a lot of rivals who are the main pillar of this world, The USA government is still against this, they are not approving yet to come to this world, I also think that Libra is not like a full cryptocurrency,  but in the other sense, coming of Libra will bring a good competition within cryptocurrency platform, I think all the cryptos will try to follow the stability of Libra because people always choose the stable coin, that's why I also want to bring Libra in and Bitcoin will maintain the stability on the price context.

[fillippone]

Reviving this old thread as I think it's the most complete on Libra (advise me if it's not the point).

Yesterday I read a news about Libra applying for a FINMA license:

Libra applied for a license from FINMA

The Libra Association has officially applied for a payment system licence from FINMA Switzerland.

The association is based in Geneva, Switzerland, so the application to operate as a payment system was sent to the Swiss Federal Financial Market Supervisory Authority.

Wow! It's a good news, they are still progressing in their work

Mhh, but going on reading the news you discover that:

As the CEO of the Poseidon Group, Lars Schlichting, reveals, the whitepaper was amended prior to the application, and the application submitted differs significantly from the original project.

It provides not only for a multi-currency stablecoin but also for a single-currency stablecoin

So, Libra is not Libra anymore.
Yet another stablecoin token anchored to an useless fiat shitcoin.
In addition to that, bears all the problems of trust toward the issuer (fractionary reserve, accounting, or even fraud, even if i doubt FB would do any of those).

At this point I prefer sticking to my fiat currency of choice, I have NO reason to hodl a stablecoin instead of EUR.

[IIV]

Edited the image link that was not working and added the change in partners still with the project without changing the theme of original post.

[OneLifeKiller070]

IF Libra comes in crypto its will play a good role in crypto industry but you really cant say him a new crypto king . In intering in crypto space  facebook  means huge revolution for crypto .But he picture spokes a thousand words without any explanation.Explanation in just a picture how can we say facebook will overcame the current situation of crypto space  . In my opinion, bitcoin is still the one and only king and mother of all coin remain .

[joinfree]

Don't bother worrying about any development of this Libra Project because it's likely never going to hit major stream. last time I read the SEC were still not giving them the permit to go ahead with development of this project. Moreover, with Facebook's poor track record of handling data do you think it's advisable to use their coin for transactions?

[fillippone]

Libra is back on the news again:

Libra Is Ready for the Digital Money ‘Space Race’: Dante Disparte

Whatever you thought of the “unfortunate” positioning of Libra’s first white paper, as Disparte put it, the effort undoubtedly triggered a “space race,” he said, particularly regarding central bank digital currencies (CBDCs).

And a world where 70% of central banks are exploring CBDCs presents an opportunity, he said.

“When they [central banks] take the leap beyond wholesale, which is where most CBDC work is going, and start thinking about retail applications, then we will be in a better world for the fact networks like Libra exist,” Disparte told CoinDesk in a recent interview.

According to the updated white paper, Libra hopes that “these CBDCs could be directly integrated with the Libra Network, removing the need for Libra Networks to manage the associated Reserves, thus reducing credit and custody risk.”

The catchy conclusion is the following:

“You can be NASA, [Libra is] telling the Federal Reserve, and we’ll be the Space-X of money,” is how author and digital money expert Dave Birch put it in a recent article.

Basically: if you can beat them, team with them (and beat the later)