Libra the new crypto king

[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.